Hints and tips:
...He added that “there is no possible scenario in which Exxon or Cnooc could acquire Hess’ interest in Guyana as a result of the Chevron-Hess transaction”....
...Exxon has begun an arbitration process against Chevron over the latter’s $53bn deal for Hess, arguing it has the right of first refusal over Hess’s stake in the oil-rich Stabroek Block off the coast of Guyana...
...of the world’s largest upstream players and establishing Amerada Hess Corporation....
...Hess and Cnooc did not respond to requests for comment....
...Acquiring the Hess portion of Stabroek would involve, among other things, paying off Hess’s capital gain taxes....
...Chevron is hoping it has struck an equally shrewd deal with the Hess family. On Monday Chevron said it would acquire Hess Corporation, the listed oil and gas driller, at an enterprise value of $60bn....
...is a change of control at Hess....
...Hess’s chief executive John Hess, who is expected to join Chevron’s board, said the merger would create a “premier integrated energy company”....
...But he insisted the Hess announcement had not been influenced by dealmaking elsewhere....
...In October two US oil and gas giants announced massive deals: Chevron bought Hess, and ExxonMobil acquired Pioneer Natural Resources....
...Over the past few months ExxonMobil agreed to acquire shale group Pioneer Natural Resources for $60bn, Chevron reached a deal to buy Hess for $53bn and chip design toolmaker Synopsys announced the takeover...
...Changing that impression may still require Hess-like effort — 24/7. helen.thomas@ft.com...
...Days later, Chevron struck a deal to purchase Hess at an EV of $60bn. Both of deals are all-share transactions. This allows Exxon and Chevron to eschew pricey debt. That will not be the case for Oxy....
...Shortly afterwards, Chevron unveiled a $53bn acquisition of US oil company Hess....
...Exxon is buying Pioneer Natural Resources, the biggest producer in the Permian, for $60bn, while Chevron is paying $53bn for Hess, giving it access to the Guyana discovery as well as assets in the Bakken...
...Chevron announced its own mega-deal this week: a $53bn takeover of Hess that accelerates the pace of M&A activity in the sector....
...Just two companies — Hess and Cnooc — replied to 35 letters sent out by Exxon seeking partners when Shell pulled out of the consortium in 2014, he said....
...And in acquiring Hess, Chevron will become one of the largest producers in the Bakken Formation (and gains a foothold in Guyana, where Exxon already has a leading presence)....
...This article has been updated following Chevron’s announcement of a planned acquisition of Hess Corporation...
...ExxonMobil announced a $60bn deal to buy leading shale driller Pioneer Natural Resources in mid-October, followed swiftly by Chevron unveiling a $53bn deal for Hess....
...This year, ExxonMobil announced a $60bn deal to buy shale driller Pioneer Natural Resources, a move that was followed swiftly by Chevron taking over Hess for $53bn....
...Questions have also been raised about Chevron’s planned $53bn acquisition of Hess — its biggest ever — bringing with it a stake in the biggest oil discovery in recent years off the coast of Guyana....
...Chevron’s $53bn takeover of renowned operator Hess and ExxonMobil’s $60bn acquisition of shale specialist Pioneer have made oil and gas a rare bright spot for Wall Street’s dealmakers....
...Then on Monday, rival Chevron agreed to buy US oil and gas producer Hess for $53bn — its largest deal in history....
...of Hess Corporation met with Opec secretary-general Haitham Al Ghais for a private dinner in a downtown Houston steakhouse....
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