Chevron is moving forward with its massive $53 Billion acquisition of Hess Corporation. This comes after winning a high-stakes legal battle against ExxonMobil. The dispute centers on rights to one of the most significant oil discoveries in decades is located off the coast of Guyana.

Thai oil and gas giant PTT Exploration and Production (PTTEP) has acquired full ownership of Block A-18 in the Malaysia–Thailand Joint Development Area (MTJDA) in a $450 million transaction with Chevron units.

By the end of September, more than 550 Houston-based employees will be without a job following the Chevron merger. Here's how experts say this could impact the industry.

Houston-based Chevron Corp. plans to lay off approximately 575 employees from Hess Tower downtown now that it has closed its $53 billion acquisition of Hess Corp. © 2025 American City Business Journals.

Chevron is expected to lay off more than 500 employees in Houston this fall as part of its integration with Hess Corporation, the company confirmed Thursday.

The Houston-based energy giant Chevron will lay off 575 employees from the Downtown Hess Tower following its $53 billion acquisition of Hess Corp ., according to the company.

Chevron’s Hess deal boosts Guyana exposure and adds shale growth, while strong cash flow and returns support its outlook. Learn why CVX stock is a buy.

Chevron Corp. is on the cusp of reaching a production plateau in the largest US oil field, allowing it to reap billions of dollars of additional cash flow in the next few years.

Chevron Corporation (NYSE:CVX) is popular among dividend investors because of its solid cash position. In the first quarter of 2025, the company reported an operating cash flow of $5.2 billion, and its free cash flow came in at $1.3 billion. During the quarter, it returned $6.9 billion to shareholders, including $3 billion in dividends.

Hess Midstream (NYSE:HESM) +2.5% in Friday's trading as Wells Fargo upgraded units to Overweight from Equal Weight with a $47 price target, raised from $41, forecasting a 15%-17% annual total return proposition from dividends,