Cart

0

Energy

“Chevron to Buy Hess for $53 Billion in Latest Oil Megadeal”

“Chevron Corp. agreed to buy Hess Corp. for $53 billion, a deal aimed at boosting production growth as the US oil industry bets on an enduring future for fossil fuels

The acquisition will give Chevron a significant foothold in Guyana, the South American country that is one of the world’s newest oil producers. It will enable faster production growth and more generous returns to investors, according to the statement…”

https://finance.yahoo.com/news/chevron-buy-hess-53-billion-091052804.html

One thing is for sure. EV’s [electronic vehicles] are not the future. That’s for sure — at least not in their current form.

Leave a Reply