Americas > US companies double down on oil outlook after Chevron’s $53 bln Hess deal

US companies double down on oil outlook after Chevron’s $53 bln Hess deal

Published 10:43 on October 24, 2023  /  Last updated at 10:43 on October 24, 2023  / Helen Clark /  Americas, EMEA, International

The bifurcation of the global oil patch grew this week once again as Chevron bought its US peer Hess for $53 billion, giving it control of billions of barrels of reserves offshore Guyana, one of the most prolific oil provinces in the world, and signalling American oil companies have very different views of the energy transition compared to other independent majors.
The bifurcation of the global oil patch grew this week once again as Chevron bought its US peer Hess for $53 billion, giving it control of billions of barrels of reserves offshore Guyana, one of the most prolific oil provinces in the world, and signalling American oil companies have very different views of the energy transition compared to other independent majors.


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