Leon Hess founded Hess Corp. with a secondhand truck delivering fuel oil during the depression. Ninety years later, his son, John Hess, has agreed to sell the US oil producer to Chevron Corp. in a deal that crystallizes the value of the stake controlled by the family at about $5 billion.
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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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Chevron to buy Hess Corp for $53 billion in all-stock dealChevron Corp said on Monday it would buy smaller rival Hess Corp in a $53 billion all-stock deal, taking its rivalry with Exxon Mobil to the next level by...
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Chevron to buy Hess Corp for $53 billion in all-stock dealExplore stories from Atlantic Canada.
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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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