Hess Shareholders Approve $53B Chevron Merger

1 min read
Source: Yahoo Finance
Hess Shareholders Approve $53B Chevron Merger
Photo: Yahoo Finance
TL;DR

Shareholders of Hess have approved its $53 billion sale to Chevron, pending regulatory approval and arbitration with ExxonMobil. ConocoPhillips is set to acquire Marathon Oil in a $17.1 billion all-stock deal, expanding its domestic footprint. Both deals signify major consolidations in the energy sector.

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