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Tag Archives: john hess

Chevron Announces $53B Acquisition Deal with Oil Producer Hess 

After the transaction is finalized, Chevron plans to escalate share repurchases by $2.5 billion, reaching the upper limit of its annual guidance range of $20 billion.  Chevron Corporation, one of the leading global energy companies, has today announced its agreement to acquire an American oil production firm Hess for $53 billion. The deal is part of a strategic move by the company to strengthen and diversify its already robust portfolio. According to an official announcement on Monday, the...

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