Chevron agreed to buy rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies' drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.
<p>HOUSTON — Chevron agreed to buy rival Hess for $53 billion in stock in a deal that reflects top U.S.
 Those two, nearly $64-billion combined transactions put Exxon atop U.S. shale and cemented the firm's nascent carbon storage business.</p><p>The recent deals are a financial flex by U.S.
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Chevron to acquire Hess Corp. in $53 billion all-share dealBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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