Chevron completed the acquisition of Hess for $53bn.

Chevron, an American multinational energy corporation predominantly specializing in oil and gas, completed the acquisition of Hess, an American global independent energy company involved in the exploration and production of crude oil and natural gas, for $53bn. “This merger of two great American companies brings together the best in the industry. The combination enhances and extends our growth profile well into the next decade, which we believe will drive greater long-term value to shareholders. Additionally, I’m pleased with the FTC’s unanimous decision. John is a respected industry leader, and our Board would benefit from his experience, relationships and expertise,” Mike Wirth, Chevron Chairman and CEO.