Chevron Earnings Slide, Hess Merger Arbitration Drags On

By Sabrina Valle and Mrinalika Roy Aug 2 (Reuters) – Chevron Corp (CVX.N) on Friday posted sharply weaker second-quarter earnings and the oil major’s CEO discounted the chance to close a $53 billion acquisition of Hess Corp (HES.N) before mid-2025, sending shares down 3%. Shares were off 9% since Wednesday following company statements saying a … Read more