Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources.
Chevron is buying Hess Corp for $53 billion and it's not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.
Crude prices are up 9 percent this year and have been hovering around $90 per barrel for about two months. Chevron said the deal will help to increase the amount of cash given back to shareholders. The company anticipates that in January it will be able to recommend boosting its first-quarter dividend by 8 percent to $1.63. This would still need board approval.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Chevron to acquire Hess Corp for $53 billion in stock in latest oil megadealChevron to acquire Hess Corp for $53 billion in stock in latest oil megadeal
Consulte Mais informação »
Chevron to buy Hess for $53 billion as the biggest US oil companies get even biggerChevron is buying Hess Corp. for $53 billion as the biggest U.S. oil companies use a recent windfall in profits to buy up smaller competitors. The Chevron-Hess deal comes on the heels of Exxon’s agreement to acquire Pioneer Natural Resources for about $60 billion.
Consulte Mais informação »
Chevron targets Hess Corp in $53 billion oil sector mega-dealIn the second major oil mega-deal in less than a month, Chevron said Monday it will pay $53 billion for Hess Corporation.
Consulte Mais informação »
Chevron buys Hess for $53 billion as the biggest US oil companies get even biggerOur '13 to the Rescue' Pets of the Week are up for adoption at Indianapolis Animal Care Services.
Consulte Mais informação »
Chevron buys Hess for $53 billion as the biggest US oil companies get even biggerTwo groups hosted protests in Dallas on Sunday to make their voices heard on the deadly war between Israel and Hamas.
Consulte Mais informação »
Chevron buys Hess for $53 billion as the biggest US oil companies get even biggerFOX43 spoke to Harrisburg resident Nabila Taha about Sunday's rally at the state Capitol and ongoing support for Palestinians. See the full interview here.
Consulte Mais informação »