Latest mega-deal in US oil and gas sees Chevron agreeing to take over Hess Corp. in $53Bln transaction

Monday, 23 October 2023

Chevron Corp. has agreed to acquire US energy company Hess Corp in an all-stock transaction valued at $53 billion and is the second huge American merger and acquisitions deal in October 2023 after ExxonMobil’s agreement to acquire Texas-based Pioneer Natural Resources for $59.5Bln with both takeovers having a focus on US shale oil and gas assets.


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Last modified on Tuesday, 24 October 2023 09:42
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