The deal will give Chevron increased production

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As a result of this transaction, ExxonMobil will be able to expand its portfolio, acquire new enterprises, and increase the volume of natural reserves. As for the companies themselves, ExxonMobil was officially founded in 1999, although it originates from John Rockefeller's conglomerate and can be considered its direct descendant. Over the years, Exxon has acquired a number of competitors, although the American energy giant has never made a deal on the scale of Pioneer.


Regarding Pioneer, it should be said that the company holds 2.5 billion barrels of reserves, which is its main asset and is the reason for its $60 billion valuation. 2. Chevron x Hess Corporation Volume: $53 billion The italy fax data second largest deal of the year is also related to the energy sector. American Chevron decided to acquire Hess Corporation for $53 billion in 2024, which was the largest transaction in the history of an energy company.


capacity and access to additional resources, as Hess owns billions of dollars in assets around the world. In addition, Hess owns 1.5 billion barrels of proven oil reserves and dozens of refineries, which together employ about 2,000 people. It should be noted that the successful completion of the deal was preceded by a lengthy investigation, during which the United States Competition Agency demanded that Hess founder John Hess not join the Chevron board of directors, which was a major reputational blow to the businessman.