AOIFF - Chevron: The Fast Way To Hot Spots

2024-05-01 03:00:28 ET

Summary

• Chevron is considering an acquisition offer for Hess, which could benefit shareholders in the long run.
• The profitability of Hess is heavily reliant on the Guyana production boost, making it a valuable asset for CVX.
• Chevron is strategically acquiring acreage near the Venus discovery in South Africa to reduce offshore exploration risk.
• Most of Hess's reported profit is from the Guyana partnership with Exxon Mobil.
• The Company also has an ongoing cost reduction and rationalization program.

It is really interesting to watch money talk when the corporation is considered a major oil and gas company. Chevron ( CVX ) from time to time makes money talk plenty. Shareholders are likely benefitting from all that chatter for years to come....

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