Oil & Gas
Supermajor Chevron in $53 billion takeover of oil and gas producer Hess
US supermajor Chevron has entered into a definitive agreement to acquire the large US oil and gas producer Hess in an all-stock deal valued at $53 billion which, among other highlights, will give Chevron a major interest in the huge Guyana oilfieds.
It comes just a few days after rival ExxonMobil announced a $60 billion takeover of shale heavyweight Pioneer Natural Resources.
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