Chevron to enter Stabroek Block in US$53b buyout of Hess

Chevron has agreed to buy Hess for US$53 billion in stock to gain a bigger US oil footprint and a stake in rival ExxonMobil’s massive Guyana discoveries in a move which will bring another US super-major to the Stabroek Block.

The article Chevron to enter Stabroek Block in US$53b buyout of Hess appeared first on Stabroek News.