Chevron to Buy Hess for $53 Billion in Stock. Oil M&A Is Booming.

Adam Clark

Up to date Oct 23, 2023, 9:45 am EDT / Unique Oct 23, 2023, 5:24 am EDT

Chevron mentioned Monday it agreed to purchase fellow oil firm Hess in an all-stock deal valued at $53 billion. It’s one other main deal within the vitality sector, which Chevron mentioned would assist help larger shareholder returns.

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