Chevron is buying Hess Corp. for $53 billion, and it's not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.
Chevron is buying Hess Corp. for $53 billion, and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.
Chevron is paying for Hess with stock. Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. Including debt, Chevron valued the deal at $60 billion.
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