Hess acquisition

Chevron beats estimates as Hess acquisition drives oil production growth

October 31, 2025

(World Oil)– Chevron Corporation reported record oil and gas production in the third quarter of 2025, driven by the integration of Hess Corporation assets and strong performance from core upstream regions including the Permian basin, Gulf of America, Kazakhstan, and Guyana. The company’s global production rose 21% year-over-year to 4.1 million boe per day, its highest on record. The acquisition

Chevron expects up to $400 million quarterly impact from Hess deal

September 25, 2025

(BOE Report) – Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to the impact related to the acquisition of Hess. Chevron closed its $55 billion buyout of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.

Chevron to lay off over 600 workers following Hess acquisition

July 24, 2025

(World Oil)– Chevron Corp. is cutting almost 650 jobs in the Houston area and North Dakota after completing the $53 billion takeover of Hess Corp. The reductions include 575 positions in Texas and 70 in North Dakota, and will take effect Sept. 26, according to a Chevron spokesperson on Wednesday. Chevron formally closed on its acquisition of Houston-based Hess at

Chevron wins Exxon case but loses time, oil and billions

July 21, 2025

(BOE Report)– ExxonMobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival billions in lost Guyana oil revenue and slowing integration. Chevron’s deal, first announced in October 2023, closed on Friday after a drawn-out dispute over Hess’s 30%

Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

July 18, 2025

(World Oil)– Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding Hess’ offshore Guyana assets, which had delayed the takeover for over a year. offshore operations in Guyana’s Stabroek block. Image: Hess The combined company has one of the most advantaged and differentiated portfolios in the industry, with leading positions in

Chevron beats estimates as Hess acquisition drives oil production growth

Chevron expects up to $400 million quarterly impact from Hess deal

Chevron to lay off over 600 workers following Hess acquisition

Chevron wins Exxon case but loses time, oil and billions

Chevron completes $53 billion Hess takeover following lengthy Exxon arbitration

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