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AssetID: 53150366

Headline: Chevron to Acquire Hess for $53 Billion

Caption: On Oct. 23, Chevron announced that it will buy out its competitor in an all-stock deal, Fox News reports. The deal "upgrades and diversifies Chevron's already advantaged portfolio," according to the energy company.

Keywords: Chevron,acquire,Hess,$53 billion,billions,dollars,United States,America,oil,petrol,gas,fossil fuels all-stock deal,upgrades,diversifies,competitor,energy

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