(Bloomberg) -- The bosses for Chevron Corp. and Hess Corp. met for dinner years ago, kicking off “friendly” talks that led to Monday’s $53 billion megadeal, ...
-- The bosses for Chevron Corp. and Hess Corp. met for dinner years ago, kicking off “friendly” talks that led to Monday’s $53 billion megadeal, the latest in a wave of consolidation washing over the US oil industry.Chevron to Buy Hess for $53 Billion in Latest Oil Megadeal
The roots of the megamerger began when they had dinner together, and Wirth said they’ve had friendly discussions ever since, without disclosing the date of their first meeting.Buying Hess will give Chevron 30% ownership of more than 11 billion barrels-equivalent of recoverable resources in Guyana, one of the world’s major new oil producers, Chevron said in a statement.
“The stocks of the two companies have traded into a range where it worked,” Wirth said. “Now is the time.”The Price of Money Is Going Up, and It’s Not Because of the FedChevron to acquire Hess Corp. for $53B in all-stock deal 'This isn't a random shoplifter anymore': Home Depot CEO warns retail theft is a 'big problem' as the chain bolsters security, even on small items. What's behind the alarming trend?E-commerce giant Alibaba Group said it will be offering huge discounts as it gears up for its annual Singles Day shopping extravaganza - an indication that Chinese consumer confidence remains at a low ebb.
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Chevron, Hess CEOs Courted Each Other for Years Before MegadealThe bosses for Chevron Corp. and Hess Corp. met for dinner years ago, kicking off “friendly” talks that led to Monday’s $53 billion megadeal, the latest in a wave of consolidation washing over the US oil industry.
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Chevron to buy Hess Corp for $53 billion in second oil mega-merger in weeksHOUSTON (Reuters) -Chevron agreed to buy U.S. rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies drive for oil and gas...
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Chevron to acquire Hess Corp. for $53B in all-stock dealAmerican gas and oil producer Chevron (CVX) will buy Hess (HES) for $53 billion dollars in an all-stock deal. The deal will add Hess' North Dakota and Guyana...
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Chevron to buy Hess Corp for $53 billion in all-stock dealChevron is offering $171 for every Hess share, implying a premium of about 4.9% to the share's last close. CEO John Hess of Hess Corp, is expected to join...
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Chevron to buy Hess Corp for US$53-billion in all-stock dealThe deal puts two of the top oil giants, Chevron and Exxon Mobil, head-to-head in two of the world’s fastest growing oil basins – shale and Guyana
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