The Hess Toy Truck Will Keep Rollin’ On. The Chevron Deal Won’t Brake It.

Deutschland Nachrichten Nachrichten

The Hess Toy Truck Will Keep Rollin’ On. The Chevron Deal Won’t Brake It.
Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

The company-branded toys have been holiday favorites since the 1960s.

Chevron and Hess are merging to create a $300 billion energy behemoth with operations on nearly every continent of Earth. But for many consumers, the most important part of the deal is literally child’s play. Hess still sells company-branded toy trucks, and they’re probably the only remaining oil and gas product that actually inspires sentimentality.

Hess founder Leon Hess dreamed up the idea of selling toy trucks in 1964, about 30 years after he started the company and four years after he had opened the first Hess gasoline station. It was a product with personal meaning for him. When he was 19 years old in 1933, he had bought a used 615-gallon oil delivery truck and traveled around delivering fuel to New Jerseyans, a decision that launched his multibillion-dollar business.

Nowadays trucks can be found for sale on eBay for hundreds of dollars, and some vintage editions have sold for thousands. Hess guards its toy truck plans like state secrets and takes more time to develop some of them than the parent company takes to explore a new oil field.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

MarketWatch /  🏆 3. in US

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Chevron clarifies future of Hess Toy Truck after $53B dealChevron clarifies future of Hess Toy Truck after $53B dealChevron's $53 billion acquisition of Hess Corp. will include one of America's best-selling toys, the company clarified.
Weiterlesen »

HELP NAME THIS TRUCK: City of Mobile unveils first electric garbage truckHELP NAME THIS TRUCK: City of Mobile unveils first electric garbage truckMobile has revealed the city's first electric garbage truck, and they're looking for submissions to name it:Our first fully electric garbage truck is here! The
Weiterlesen »

Chevron buys Hess for $53 billion in 2nd major oil merger this monthChevron buys Hess for $53 billion in 2nd major oil merger this monthChevron is buying Hess for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.
Weiterlesen »

Chevron CEO Lays Out Strategy for Hess DealChevron CEO Lays Out Strategy for Hess DealThe case for doubling free cash flow. Plus, an 8% dividend hike.
Weiterlesen »

Chevron's $53B Hess Buyout Hints at Investor Arbitrage PlayChevron's $53B Hess Buyout Hints at Investor Arbitrage PlayChevron's acquisition of Hess uncovers a potential arbitrage play, spotlighting further consolidation in the energy sector amid rising oil prices.
Weiterlesen »

Chevron to buy Hess for $53 billion, cementing long-term bet on fossil fuelsChevron to buy Hess for $53 billion, cementing long-term bet on fossil fuelsBreanne Deppisch is an energy and climate policy reporter at the Washington Examiner. A former national political reporter, she has closely covered campaigns, Congress, and the White House since 2016.
Weiterlesen »



Render Time: 2025-02-26 09:40:51