Chevron and Hess CEOs on $53B Deal, 5% Yield Effect on Stocks, Apple’s Losing Streak 10/23/23
Squawk on the Street
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Chevron and Hess Strategic Combination: Benefits and Long-Term Commitment
The chapter discusses the strategic combination of Chevron and Hess, highlighting the benefits for both companies and their shareholders. It emphasizes the growth in resource, production, and cash flow that Hess brings to Chevron, while Chevron brings financial strength and a diversified portfolio. The speakers also discuss the long-term commitment to a lower carbon energy system in the oil industry.
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