Chevron Acquires Hess in $53B All-Stock Transaction
October 23, 2023
Chevron entered into a definitive agreement to acquire Hess in an all-stock transaction valued at about $53 billion (enterprise value $60 billion). The deal closed in 2025 after the resolution of all required closing conditions, including a favorable arbitration outcome tied to Hess’ offshore Guyana assets.
- Buyers
- Chevron Corporation
- Targets
- Hess Corporation
- Industry
- Energy
- Location
- California, United States
- Transaction Type
- Buyout
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