Chevron purchases Hess Corp. for $53 Billion\n\nODESSA, Texas (KMID/KPEJ) – Chevron is moving forward with its massive $53 Billion acquisition of Hess Corporation. This comes after winning a high-stakes legal battle against ExxonMobil. The dispute centers on rights to one of the most significant oil discoveries in decades is located off the coast of Guyana. This is a region that’s rapidly becoming a global energy hotspot. With this deal, Chevron secures a valuable stake in an offshore oil field estimated to hold more than 11 billion barrels of recoverable oil. The acquisition not only strengthens chevron’s global portfolio, but also positions it as a major player in one of the fastest-growing oil-producing regions in the world Copyright 2025 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Chevron purchases Hess Corp. for $53 Billion

Chevron has finalized a $53 billion acquisition of Hess Corporation after winning a legal battle with ExxonMobil over rights to a major oil discovery in Guyana. The deal secures Chevron's stake in a 11 billion barrel offshore oil field, strengthening its global energy portfolio.