Chevron Buys 5% in Hess, Signals Merger Going as Planned ...Middle East

Chevron has bought a stake of 4.99% in Hess Corp since the start of the year, according to a regulatory filing from this week. The company said it is confident its merger with Exxon’s partner in Guyana will proceed as planned, Reuters reported. The stake Chevron bought over the last two months cost about $3.2 billion, the report noted, representing a total of 15.38 million common shares in Hess Corp. Chevron announced plans to acquire Hess for some $53 billion in one of a series of so-called megadeals in the oil space that began in 2023 amid…

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Chevron Buys 5% in Hess, Signals Merger Going as Planned ...Middle East

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