Chevron’s $53-B Hess buyout threatened by rival oil giants
NEW YORK CITY: Chevron disclosed on Monday that its proposed $53-billion acquisition of fellow American firm Hess could be at risk if the control of a key oil asset is successfully challenged by rival petroleum giants. Chevron acknowledged in a securities filing that there is a scenario where Hess “would remain an independent company,” while […]
Tomas Kauer - News Moderator 
NEW YORK CITY: Chevron disclosed on Monday that its proposed $53-billion acquisition of fellow American firm Hess could be at risk if the control of a key oil asset is successfully challenged by rival petroleum giants.
Chevron acknowledged in a securities filing that there is a scenario where Hess “would remain an independent company,” while adding it does not believe “there is any material likelihood” of such an outcome.
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