Deal Insight
Chevron acquires Hess for US$60 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Three weeks ago, Chevron was the leader among the Majors in the Permian, was underweight deepwater, and faced rising concern over portfolio concentration risk. ExxonMobil had a highly diverse portfolio, stronger deepwater exposure, but ranked just fifth by Permian volumes and inventory. Two deals later, Chevron, ExxonMobil and the M&A landscape in oil and gas have a very different feel.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
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Upsides and risks
- Upsides
- Risks
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Strategic rationale
- Hess
- Chevron
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2The Majors' global oil and gas production
What's included
This report contains:
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