2024-04-14 06:33:34 ET
Summary
- Hess Corporation's share price is approaching its late-2023 highs and has a market capitalization of almost $50 billion.
- The proposed acquisition deal with Chevron is facing a roadblock due to Exxon Mobil's claim of right of first refusal for any sale of Hess Corporation's stake in Guyana.
- Despite the risk posed by Exxon Mobil, Hess Corporation remains a valuable investment with its strong assets and financial performance.
Hess Corporation ( HES ) has continued to see its share price approach its late-2023 highs and a market capitalization of almost $50 billion. The company's share price has been tied to Chevron's (CVX) since a proposed all-stock acquisition deal at just over 1 share of Chevron per share of Hess Corporation. That would push the acquisition price to more than $50 billion....
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For further details see:
Hess Corporation And An Acquisition That Might Not Close