Chevron will buy Hess Corporation in an all-stock transaction valued at $53 billion in another mega deal in the oil industry that will give the U.S. supermajor exposure to Guyana’s large offshore oil reserves. The all-stock transaction is valued at $171 per share based on Chevron’s closing price on October 20, 2023. The total enterprise value, including debt, of the transaction is $60 billion, Chevron said in a statement on Monday. This is the second major deal in the U.S. oil industry announced this month. Earlier in October, ExxonMobil announced a…
Hence then, the article about chevron to buy hess in 53 billion deal as merger mania accelerates was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Chevron To Buy Hess In $53 Billion Deal As Merger Mania Accelerates )