Chevron closes Hess acquisition
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Chevron completed its $53 billion acquisition of Hess after all legal hurdles were cleared, including the company's vast oil fields off the coast of Guyana.
Forty-odd years after leaving the employ of the refinery, the St. Lucian-born Edward was diagnosed with multiple myeloma, a cancer of the blood's plasma cells. According to the lawsuit, Mr. Edward was diagnosed in July 2023, and died at the end of September 2024.
Shares of Hess Corp. HES shed 2.46% to $149.45 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.14% to 6,268.56 and the Dow Jones Industrial Average DJIA rising 0.20% to 44,459.65.
Hess Midstream offers stable returns via a fee-based model and Hess Corp partnership, but risks like concentration and debt loom. See more on HESM here.
Creates premier integrated oil & gas company • Combines world-class assets, people and capabilities • Drives industry-leading free cash flow growth and shareholder returns HOUSTON--(BUSINESS