Chevron to Buy Hess for $53 Billion in Stock. What It Means for Its Dividend.

By Adam Clark

Updated Oct 23, 2023, 9:45 am EDT / Original Oct 23, 2023, 5:24 am EDT

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Chevron said Monday it agreed to buy fellow oil company Hess in an all-stock deal valued at $53 billion. It’s another major deal in the energy sector, which Chevron said would help support higher shareholder returns.

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