Big Oil Consolidation: Chevron Acquiring Hess – ConocoPhillips Acquiring Marathon Oil
ZacksConsolidation among the oil and energy sector continues as Chevron (CVX) will be acquiring Hess (HES) in a deal valued at $53 billion while ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) for $22.5 billion when including debt.