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Chevron acquires rival Hess Corp for $53 billion
Chevron corporation has announced a $53 billion all-stock deal to acquire its smaller rival, Hess corporation. This all-stock transaction marks a pivotal moment, intensifying the rivalry between chevron and Exxon Mobil. The acquisition is designed to bolster Chevron's presence in key areas, namely US Shale and the oil-rich region of Guyana.
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