Chevron bought about 4.99% of Hess Corp’s common shares this year, reflecting its confidence in completing the planned acquisition of Hess, the oil giant said in a regulatory filing on Monday.
The second-largest U.S. oil producer agreed in October 2023 to buy Hess in an all-stock deal valued at $53 billion to gain a crucial stake in Guyana’s oil-rich Stabroek block.
Source: Reuters.com