Chevron Corp

Chevron to buy Hess Corp for $53 bln in all-stock deal

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Chevron to buy Hess Corp for bln in all-stock deal

Chevron Corp said on Monday it will buy smaller rival Hess Corp in a $53-billion all-stock deal, as the oil major looks to increase its footprint in oil-rich Guyana. The deal puts two of the top oil giants, Chevron and Exxon Mobil, head-to-head in two of the world’s fastest growing oil basins – shale and … Read more

Buffett’s Berkshire posts $35.5 bn profit, buys back more stock

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Buffett’s Berkshire posts .5 bn profit, buys back more stock

Warren Buffett’s Berkshire Hathaway Inc posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc, while higher investment income and a rebound at car insurer Geico bolstered operating results. Berkshire also sped up repurchases of its own stock, buying back $4.4 billion, while paring its investments in other stocks … Read more