Takeover puts Chevron head-to-head with ExxonMobile in oil-rich Guyana and US shale industry
Chevron has announced it will buy the US fossil fuel producer Hess Corporation in a $53bn (£44bn) all-stock deal, as it seeks to increase its presence in oil-rich Guyana.
The tie-up puts two of the biggest oil companies, Chevron and ExxonMobil, head-to-head in two of the world’s fastest growing oil basins – Guyana and shale and.
