Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: ...

Chevron’s $53 billion acquisition of Hess gives it a major stake in Guyana’s booming Stabroek oil block, reshaping its global ...

Chevron struck the deal to acquire Hess in October 2023. Exxon tried to block the move last year, saying it had a right of ...

Chevron completed its $53 billion acquisition of Hess after all legal hurdles were cleared, including the company's vast oil ...

Chevron has secured its $53 billion acquisition of Hess, defeating Exxon in its yearslong attempt to block the deal and gaining control of an oilfield of major geopolitical importance. The oil major ...

Exxon Mobil Corp. is one of the oil industry’s most litigious companies, always ready to take a rival, a government, a green ...

Chevron to buy Hess Corp. Chevron announced on Monday that it will buy Hess Corp. in a $53-billion all-stock deal. The company will offer $171 for every Hess share, according to Reuters.

The deal makes Chevron a partner with Exxon (XOM.N) in Guyana's booming oilfields, which are expected to generate 1.2 million barrels of oil per day by 2027.

Chevron has been looking to expand oil exploration off Guyana’s shores, Reuters reported, something Hess has done with exploration of the Stabroek Block, located approximately 120 miles off ...