Deal Insight
Chevron acquires Hess for US$60 billion
This report is currently unavailable
*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
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Hess
- Chevron
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- The Majors' global oil and gas production
What's included
This report contains:
Other reports you may be interested in
Insight
Chevron completes Hess acquisition and closes gap to ExxonMobil
On 18 July 2025, it was announced that the International Chamber of Commerce (ICC) ruled in favour of Chevron and Hess in the dispute.
$1,350
Asset Report
Jalalabad
Jalalabad was the first privately-operated onshore gas field to be brought onstream in Bangladesh, and is located in the north-eastern ...
$3,720
Insight
Q2 2025 pre-FID project tracker: major upstream projects progress despite geopolitical headwinds
Our Q2 2025 outlook for global pre-FID upstream projects.
$6,750
