Chevron announces acquisition of energy company Hess for $53 billion

On October 24th, according to foreign media reports, energy giant Chevron announced plans to acquire competitor Hess for $53 billion in search of expanding its oil business.According to the terms of the transaction, Hess shareholders will receive 1

On October 24th, according to foreign media reports, energy giant Chevron announced plans to acquire competitor Hess for $53 billion in search of expanding its oil business.

According to the terms of the transaction, Hess shareholders will receive 1.0250 Chevron shares for each Hess share they hold, with a total value of $60 billion including debt.

Foreign media predict that this transaction will be completed in the first half of 2024, when Hess' CEO will join Chevron's board of directors.

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])