Chevron Purchases Hess Corp. for $53 Billion

Chevron purchases Hess Corp. for $53 Billion

ODESSA, Texas (KMID/KPEJ) - Chevron is moving forward with its massive $53 Billion acquisition of Hess Corporation. This comes after winning a high-stakes legal battle against ExxonMobil. The dispute centers on rights to one of the most significant oil discoveries in decades is located off the coast of Guyana.This is a region that's rapidly becoming a global energy hotspot. With this deal, Chevron secures a valuable stake in an offshore oil fiel…

Chevron to Cut Positions as Part of Hess Integration

'We will consolidate or eliminate some positions', a Chevron spokesperson told Rigzone.

Chevron Tells Hess Staff to Focus on Safety as They Await Job Updates - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – Chevron  leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer’s acquisition, according to two Hess employees who spoke with Reuters. Chevron, the second-largest U.S. oil producer, closed its $55 billion acquisition of Hess on Friday after prevailing ...

Chevron To Proceed With Hess Deal After Winning Exxon Case

Chevron and Hess have won their arbitration battle against Exxon over access rights to an oil project off the coast of Guyana, clearing the path for Chevron to proceed with its $53 billion acquisition of Hess.

Chevron’s Next Move: Develop or Divest Bakken After Hess Deal

Chevron just gained a new Bakken foothold after closing its $53 billion Hess acquisition. Will Chevron develop or divest Hess’ historic portfolio in North Dakota?