Chevron's $53 Billion Hess Acquisition: Is the Stock a Buy?

By Jason Hall and Tyler Crowe – Oct 26, 2023 at 6:02AM

NYSE: CVX

Chevron

Market Cap

$308B

Today's Change

(0.37%) $0.61

Current Price

$165.89

Price as of April 26, 2024, 4:00 p.m. ET

Using its most valuable capital is savvy but tells investors something really important.

In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down Chevron's (CVX 0.37%) deal to buy Hess Corp (HES 0.67%), what makes it look like a smart move, and whether they think Chevron stock is a buy now. They also compare it to ExxonMobil's (XOM -2.78%) recent -- and very similar -- deal to acquire Pioneer Natural Resources (PXD -2.28%).

*Stock prices used were from the morning of Oct. 24, 2023. The video was published on Oct. 25, 2023.

Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has positions in ExxonMobil. The Motley Fool recommends Chevron and Pioneer Natural Resources. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.