PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2023, Words: 203) — US-based Chevron Corporation will acquire Hess Corporation for $60bn (including net debt), the second giant transaction of Oct. 2023 following the $65bn move by ExxonMobil to acquire Pioneer Natural Resources Company, both in all-stock transactions, Welligence Energy Analytics wrote 23 Oct. in a social media post.
“The value in this deal is underpinned by Hess’ Bakken and Guyana portfolios, its two core positions. Chevron has no exposure to either. The Major will also acquire incremental production in US GoM, and a gas-producing portfolio in Malaysia/Thailand,” Welligence said.
