Chevron Corporation sets ambitious $18.5-$19.5bn capex for 2024

Chevron Corporation sets ambitious $18.5-$19.5bn capex for 2024

Chevron Corporation (NYSE: CVX) has recently declared its anticipated organic capital expenditure range for 2024, spanning $15.5 to $16.5 billion for consolidated subsidiaries (capex) and an additional $3 billion for affiliate capital expenditure (affiliate capex). This comprehensive plan underscores Chevron’s commitment to expanding its energy operations across various sectors. Major Focus on Upstream Spending and […]

Chevron to acquire Hess Corporation in all-stock deal worth $53bn

Chevron to acquire Hess Corporation in all-stock deal worth $53bn

Chevron Corporation has inked a definitive agreement with Hess Corporation for an all-stock purchase valued at $53 billion, which translates to $171 per share. This evaluation is based on Chevron’s closing price on October 20, 2023. As per the transaction terms, every Hess shareholder will receive 1.0250 shares of Chevron for their Hess share, bringing […]

Chevron to acquire oil and gas firm PDC Energy for $7.6bn in all-stock deal

Chevron to acquire oil and gas firm PDC Energy for $7.6bn in all-stock deal

Chevron Corporation has signed an all-stock deal to acquire PDC Energy, a Nasdaq-listed oil and gas exploration and production company, for a consideration of $7.6 billion. The deal values PDC Energy at $72 per share, including debt of $1.3 billion. In accordance with the agreement, PDC Energy’s shareholders will receive 0.4638 shares of Chevron for […]