Chevron buys about 5% of Hess stock

Chevron said the stock purchase reflects its continuing confidence in completing the pending acquisition of Hess. In October 2023, Chevron agreed to acquire Hess in an all-stock deal valued at $53 billion, gaining a stake in Guyana’s oil-rich Stabroek block and expanding Chevron’s U.S. shale footprint.

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Yahoo! Finance: HES News

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