"Chevron-Hess Merger Sparks Bull Market in Oil and Gas"
TL;DR
The recent tie-up between Chevron and Hess is seen by dealmakers as the beginning of an "arms race" in the oil industry, with more mergers and acquisitions expected as companies seek to gain leverage and competitive advantage in a challenging market.
- Dealmakers see Chevron-Hess tie-up as the start of oil 'arms race' Financial Times
- Chevron to acquire Hess in $53 billion deal Fox Business
- Hess CEO John Hess on Chevron deal: Strategic combination creates the premier oil and gas company CNBC Television
- Chevron Buys Hess for $53 Billion as Oil Mega-Deals Are Back Bloomberg
- Jim Cramer says there is a bull market in oil and gas thanks to recent big mergers CNBC
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Read on Financial Times