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Chevron finalizes $53B deal for Hess, ending dispute with Exxon over Guyana oil field stake

Chevron completed its $53 billion acquisition of Hess on Friday, ending a legal battle with Exxon Mobil over offshore oil assets in Guyana. A ruling this week from an arbitration panel of the ...
The Motley Fool

ExxonMobil and Chevron Are Greenlighting a $6.8 Billion Project to Fuel More Growth in 2029

The oil companies expect to have seven projects producing in Guyana by the end of 2029. Here's a closer look at how the Hammerhead project will strengthen ExxonMobil's and Chevron's ability to grow ...
Transport Topics

Chevron to Merge Hess Exploration Team After $53B Deal

Chevron Corp. plans to merge Hess Corp.’s exploration team with its own to challenge “conventional thinking” and make new discoveries, CEO Mike Wirth said in an interview on Bloomberg TV’s Wall Street ...
Upstream

Guyana still a powerhouse for Hess ahead of planned merger with Chevron

US operator Hess may be preparing for a merger with supermajor Chevron, but that hasn’t stopped its ballooning production in Guyana and the Bakken shale at home. Fuelled by the prolific offshore ...
Transport Topics

Exxon, Chevron Surpass Estimates With Production Increases

Exxon Mobil Corp. and Chevron Corp. outperformed Wall Street expectations after new oilfield projects and acquisitions boosted crude output. Exxon’s adjusted third-quarter profit per-share was 7 cents ...
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Exxon and Chevron profits dip as oil prices slide

Exxon Mobil and Chevron, two of the world’s largest oil producers, reported weaker third-quarter results on Friday as lower crude prices and rising expenses dented profitability. Despite the downturn, ...
Crude Oil Prices

Chevron's Hess Acquisition Boosts Q3 Output Beyond Expectations

Chevron reported stronger-than-expected third-quarter results on Friday, supported by record oil and gas production following its roughly $53-billion acquisition of Hess Corporation. The U.S.
Crude Oil Prices

Chevron Flags $400 Million Hit From Hess Megadeal

Chevron is bracing for a quarterly dent of up to $400 million as the cost of absorbing Hess filters through its books. The company said Thursday it expects a third-quarter loss of $200 million to $400 ...
Reuters

Chevron says it expects upside to current estimated oil resource in Guyana

HOUSTON, Nov 12 (Reuters) - Chevron (CVX.N), opens new tab said on Wednesday it expects that a prolific oilfield in Guyana could hold more than the current estimate of 11 billion barrels of oil ...
Morningstar

Chevron, Exxon plan to keep boosting oil production, even as crude gets cheaper. What gives?

Chevron and Exxon are 'deep-pocketed names that are thinking 20 and 30 years out' Chevron plans to boost oil and gas production by up to 3% a year through 2030. Exxon's five-year plan calls for an ...
Rigzone

Exxon, Chevron Cut Divergent Paths as Oil Glut Looms

(Update) October 31, 2025, 5:49 PM GMT: Article updated. North America’s two dominant oil companies are carving divergent paths as the global crude market staggers toward what’s widely expected to be ...