Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion [Yahoo! Finance Canada]
Hess Corporation (HES)
Last hess corporation earnings: 1/29 07:30 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The deal relates to Chevron's 20% interest in the Athabasca Oil Sands Project and a 70% holding in the Duvernay shale, both in the province of Alberta, according to a statement from the company on Monday. The all-cash transaction has an effective date of Sept. 1 and is expected to close during the fourth quarter, subject to regulatory approvals. The asset sale comes as Chevron focuses its growth plans increasingly in other parts of the world, notably the Permian basin in the US and the Tengiz field in Kazakhstan, where a $48.5 billion expansion project is nearing completion. Chevron is also in the process of acquiring Hess Corp. for $53 billion, a deal that would give it a stake in a massive offshore oil field in the South American country of Guyana, one of the world's exploration hot-spots. Chevron shares climbed as much as 1.3% before the start of regular trading in New York. It's the latest big oil producer to divest a stake in Canadian oil-sands o
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HES
News
- Exxon Mobil pulls out of talks with Guyana over shallow water oil block, gov says [Yahoo! Finance]Yahoo! Finance
- Hess to Participate in Wolfe Research Oil & Gas Conference [Yahoo! Finance]Yahoo! Finance
- Hess to Participate in Wolfe Research Oil & Gas ConferenceBusiness Wire
- Hess Co. (NYSE: HES) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Calumet Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
HES
Earnings
- 10/30/24 - Beat
HES
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- 11/20/24 - Form 4
- HES's page on the SEC website