The acquisition follows Exxon Mobil's acquisition of Pioneer Natural Resources just weeks ago.
Oil giant Chevron has announced it will buy fellow energy company Hess Corp. It follows Exxon Mobil's acquisition of Pioneer Natural Resources just weeks ago as the U.S.'s two top oil players vie for a bigger role in the emerging oil opportunities in Guyana. Guyana is a new major oil producer after huge discoveries off the coast of the South American nation in recent years.
, host of public radio's"Full Disclosure," joins host Deepa Fernandes for more on these big energy moves.
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Chevron to acquire Hess Corp. in $53 billion all-share dealBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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Chevron to acquire Hess Corp for $53 billion in stock in latest oil megadealChevron to acquire Hess Corp for $53 billion in stock in latest oil megadeal
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