Chevron said on Monday it will buy smaller rival Hess in a $53-billion all-stock deal. Chevron is offering $171 for every Hess share, implying a premium of…
Chevron is offering $171 for every Hess share, implying a premium of about 4.9% to the share's last close.
CEO John Hess of Hess Corp. is expected to join Chevron's board of directors once the deal closes, the companies said in a statement. The deal comes weeks after rival Exxon made a $60 billion offer for Pioneer Natural Resources that would make it the biggest producer in the largest U.S. oilfield.This is breaking news. Please check back for updates.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chevron to buy Hess Corp for $53 billion in stockChevron to buy Hess Corp for $53 billion in stock
Read more »
Rupert Murdoch Makes Bid for Britain's Telegraph, SpectatorAfter Rupert Murdoch, 92, announced he is stepping down as chair of Fox Corp. and News Corp. media holdings, effective in November, he is lining up a bid for The Telegraph.
Read more »
‘They have a loyalty’: AFN photos capture generations of Alaska Natives’ military serviceAn exhibit at the Alaska Federation of Natives convention looks at the work of Bill Hess, and his 40 years of photographing Alaska Native veterans.
Read more »
St. Lawrence Seaway workers to begin strike, Unifor union saysWorkers at St. Lawrence Seaway Management Corp have decided to go on strike on Sunday after failing to reach an agreement on wages, the Canadian labor union Unifor said.
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Meta Platforms, SnapStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, US Small Cap 2000. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »
Democrats pile on Dean Phillips as whispers of Biden primary challenge swirlNaomi Lim is a White House reporter at the Washington Examiner. She previously reported on crime and politics for News Corp Australia. She returned to Washington in 2015 after interning in Washington, D.C., as an undergraduate. She worked at CNN and the BBC while earning a master's degree in public policy from Georgetown University.
Read more »