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Chevron to buy Hess for $53bn in latest oil megadealChevron Corp. agreed to buy Hess Corp. for $53 billion, the latest major US oil takeover as the industry bets on an enduring fut <a href=https://www.stanley-stanley-cup.us>stanley website</a> ure for fossil fuels.In an all-stock transaction, Chevron will pay $171 per share for Hess, a premium of about 10%, according to a statement from the companies on Monday. Hess shareholders will receive 1.025 shares of Chevron for each Hess share, giving the company a total enterprise value of $60 billion, including debt.This is the second major deal in the US <a href=https://www.stanleyquencher.us>stanley water jug</a> oil industry in just a few weeks. Exxon Mobil Corp. has agreed to buy shale-oil producer Pioneer Natural Resources Co. for $58 billion, underpinning a bet that oil and gas will remain central to the worlds energy mix for decades to come. Chevron said the acquisition will deliver faster growth and more generous returns to investors. This combination positions Chevron to strengthen our long-term performance and furthe <a href=https://www.stanley-cups.at>stanley trinkflaschen</a> r enhance our advantaged portfolio by adding world-class assets, Chairman and Chief Executive Officer Mike Wirth said in the statement.The acquisition will give Chevron 30% ownership of more than 11 billion barrels equivalent of recoverable resources in Guyana, one of the worlds major new oil producers with a strong growth outlook, according to the statement. It also adds acreage in the Bakken shale formation and Gulf of Mexico to the companys portfolio.The deal will boost Chevrons estimated five-year production and free cash flow g Bblu Does legalizing prostitution work
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