ICYMI: Chevron closes Hess deal, what's next for 2025 upstream M&A? episode artwork

EPISODE · Jul 22, 2025 · 11 MIN

ICYMI: Chevron closes Hess deal, what's next for 2025 upstream M&A?

from Oil & Gas Journal ReEnterprised · host Endeavor Business Media

In this ICYMI episode of the Oil & Gas Journal ReEnterprised podcast, Mikaila Adams, Managing Editor - News, recaps the long-delayed-but-now-closed deal between Chevron Corp. and Hess Corp. and highlight details from a new report on global upstream merger and acquisition activity from Rystad Energy—including potential deals to look out for this year. References Arbitrator rules in favor of Chevron, Hess in Guyana dispute with ExxonMobil (OGJ Online, July 18, 2025) Global M&A activity slows amid rising valuations and fewer deals, Rystad Energy report Civitas cuts back on capex, launches $100 million savings push (OGJ Online, May 9, 2025) Canadian Natural Resources to acquire certain Alberta assets from Chevron for $6.5 billion (OGJ Online, Oct. 7, 2024)

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ICYMI: Chevron closes Hess deal, what's next for 2025 upstream M&A?

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