Fuelin’ Around: Chevron Buys Hess
The Truth About Cars
OCTOBER 23, 2023
for somewhere in the neighborhood of $53 million. The purchase of Hess gives them roughly one-third ownership of more than 11 billion barrels equivalent of recoverable resources in that country, plus acreage in the Gulf of Mexico and other areas. In what is being described by talking heads as an “all-stock transaction”, Chevron Corp.
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