Big Oil companies Chevron and ConocoPhillips acquiring Hess and Marathon Oil, respectively

From Nasdaq: 2024-05-29 18:53:00

Chevron will acquire Hess in a $53 billion deal, aiming to expand its energy portfolio with access to the Stabroek Block in Guyana. ConocoPhillips plans to buy Marathon Oil for $22.5 billion, focusing on low-cost supplies. Both transactions aim to boost sales and create shareholder value in the oil and energy sector.



Read more at Nasdaq: Big Oil Consolidation: Chevron Acquiring Hess – ConocoPhillips Acquiring Marathon Oil