One-Page Deal Sheet
Chevron To Acquire Hess For $53 Billion
Chevron Corp Hess Corp
Announced Date
October 23,2023
Effective Date
July 18,2025
Close Date
July 18,2025
Transaction Type
Corporate
Enterprise Value (EV)($MM)
53000
Location
Calculated Metrics( EV/Category)
Country
Guyana
Country
Thailand
Country
United States
State
North Dakota
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Chevron announced said it is acquiring Hess in a all stock deal valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion.
Hess’ Bakken assets add another leading U.S. shale position to Chevron’s DJ and Permian basin operations and further strengthen domestic energy security. The combined company is expected to grow production and free cash flow faster and for longer…
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