HomeBusiness & MoneyChevron to Buy Hess for $53 Billion in Stock

Chevron to Buy Hess for $53 Billion in Stock

By MK

October 23, 2023

Chevron said Monday it agreed to buy fellow oil company Hess in an all-stock deal valued at $53 billion. It’s another major deal in the energy sector as rising crude prices are set to boost profits.

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