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November 28, 2023
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Chevron to buy oil and gas producer Hess Corp in $53bn all-stock deal

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.

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