Chevron buys Hess in $53 billion Guyana, US shale expansion

Chevron agreed to buy US independent upstream operator Hess in an all-stock deal of $53 billion, which would add billions of barrels of resources offshore Guyana and in the Bakken Shale and substantively diversify the US major’s asset portfolio, the two companies’ top executives said Oct. 23. The definitive agreement, signed off by both companies’ boards, comes less than two…Chevron agreed to buy US independent upstream operator Hess in an all-stock deal of $53 billion, which would add billions of barrels of resources offshore Guyana and in the Bakken Shale and substantively diversify the US major’s asset portfolio, the two companies’ top executives said Oct. 23. The definitive agreement, signed off by both companies’ boards, comes less than two…  Read More