Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Famed investor Warren Buffett recently got out from the sidelines and poured more than $1 billion into three stocks. It’s one of the last moves he will make before retiring from Berkshire Hathaway (NYSE:BRK, BRK.B)) at the end…
By Sheila Dang HOUSTON (Reuters) -Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer’s acquisition, according to two Hess employees who spoke with Reuters. Chevron, the second-largest U.S. oil producer, closed its $55 billion acquisition…
By Sheila Dang HOUSTON (Reuters) -Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years. On Friday, the U.S. oil producer closed its $55-billion acquisition of Hess – among the largest ever oil and gas deals…
By Sheila Dang HOUSTON (Reuters) -Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess, according to two sources and an industry analyst, including by preparing a severance program for some Hess workers. The preparations come as both companies await a decision in a legal challenge from larger rival…