Natural Gas Market
Report ID: SQMIG10D2045
Natural Gas Market Updates
Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to natural gas market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.
Natural Gas Market News
- In June 2023, Chevron Corporation (NYSE: CVX) disclosed its definitive agreement with Hess Corporation for the acquisition of all outstanding shares of Hess in an all-stock deal valued at USD 53 billion. This amounts to $171 per share based on Chevron’s closing price on October 20, 2023. Pursuant to the agreement, Hess shareholders are slated to obtain 1.0250 shares of Chevron for each Hess share. The overall enterprise value, encompassing debt, for this transaction stands at USD 60 billion.
- In October 2023, Exxon Mobil Corporation and Pioneer Natural Resources have officially disclosed a conclusive agreement, outlining ExxonMobil's acquisition of Pioneer in an all-stock deal valued at USD 59.5 billion, equivalent to USD 253 per share based on ExxonMobil's closing price on October 5, 2023. As per the agreement, Pioneer shareholders are set to receive 2.3234 shares of ExxonMobil for each Pioneer share during the closing. The comprehensive enterprise value of the transaction, encompassing net debt, is estimated to be around USD 64.5 billion.
- In October 2023, Ferrara Candy Company made another move in the mergers and acquisitions (M&A) landscape by acquiring Jelly Belly Candy Company, a fellow confectioner based in the United States. The deal, which remains undisclosed in terms of financial details, was jointly announced by both privately-owned companies.
Natural Gas Market Report Snapshots
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