The mega-acquisition is the latest consolidation move in the US energy sector
PHOTO
US energy giant Chevron will buy its rival Hess for $53 billion in an all-stock deal, the companies announced in a joint statement on Monday.
The mega-acquisition is the latest consolidation move in the US energy sector, coming less than two weeks after the announcement that ExxonMobil would acquire Pioneer for $60 billion.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.