[ TRANSACTION RECORD ]

Chevron Corporation Investment in Hess Corporation — 2023

VERIFIED VECTOR ID: 001806 · tx-092
M SOURCE NODE — FUNDER
Chevron Corporation
Energy United States
$53,000,000,000
EQUITY
23/10/2023
Q DESTINATION NODE — RECIPIENT
Hess Corporation
Company United States
Amount (USD)
$53.0B
Flow Type
EQUITY
Transaction Date
23/10/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Chevron Corporation
AUM 260000
HQ Location United States
Sector Energy
Recipient Profile [ Q ]
Entity Hess Corporation
Entity Type Company
Jurisdiction United States
Intelligence Note

Chevron Corporation entered into a definitive agreement to acquire Hess Corporation for 53 billion dollars in an all-stock transaction. The deal provides Chevron with a significant stake in the high-growth Stabroek Block in Guyana and expands its shale footprint. This transaction is one of the largest strategic consolidations in the global energy industry.

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Primary Forensic Source https://www.chevron.com/newsroom/2023/q4/chevron-announces-agreement-to-acquire-hess/
✓ SOURCE LINKED