{"id":612148,"date":"2023-10-25T09:46:35","date_gmt":"2023-10-25T04:16:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=612148"},"modified":"2023-10-25T11:19:35","modified_gmt":"2023-10-25T05:49:35","slug":"chevron-to-buy-hess-for-53-bn-as-biggest-us-oil-firms-get-even-bigger","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/chevron-to-buy-hess-for-53-bn-as-biggest-us-oil-firms-get-even-bigger\/","title":{"rendered":"Chevron to buy Hess for $53 bn as biggest US oil firms get even bigger"},"content":{"rendered":"<p>Chevron Corp said on Monday it will buy smaller rival Hess Corp in a $53-billion all-stock deal, as the oil major looks to increase its footprint in oil-rich Guyana. <\/p>\n<p>The deal puts two of the top oil giants, Chevron and Exxon Mobil, head-to-head in two of the world&#8217;s fastest growing oil basins &#8211; shale and Guyana. <\/p>\n<p>Guyana has become a major oil producer in recent years after huge discoveries by Exxon Mobil, its partner Hess and China&#8217;s CNOOC, which together produce 400,000 bpd from two offshore vessels and have said they could develop up to 10 offshore projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chevron Corp said on Monday it will buy smaller rival Hess Corp in a $53-billion all-stock deal, as the oil major looks to increase its footprint in oil-rich Guyana. The deal puts two of the top oil giants, Chevron and Exxon Mobil, head-to-head in two of the world&#8217;s fastest growing oil basins &#8211; shale and Guyana. Guyana has become a major oil producer in recent years after huge discoveries by Exxon Mobil, its partner Hess and China&#8217;s CNOOC, which together produce 400,000 bpd from two offshore vessels and have said they could develop up to 10 offshore projects.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-612148","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=612148"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612148\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=612148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=612148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=612148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}