Another major merger announced

Jack Burke Senior Editor, Compressor Tech2

October 24, 2023

Chevron announces $53 billion deal

Chevron said it will acquire oil and gas company Hess Corp. for $53 billion, the second major consolidation announced in October.

The all-stock deal would give Chevron Hess global operations including the Stabroek block in Guyana as well as Bakken assets.

“This combination positions Chevron to strengthen our long-term performance…

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