Chevron said Monday it will buy Hess Corp. for $53 billion, marking the second major oil deal this month as major producers seize the initiative while oil prices surge.

FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal. MATTHEW DALY. Fri, December 8, 2023 at 9:07 PM UTC. 1 min read.

WASHINGTON — The Federal Trade Commission is investigating Chevron’s acquisition of Hess oil company, the second inquiry the independent agency has opened this week of a major… ...