Chevron Struggles to Replace Oil, Gas Reserves Amid Hess Deal Limbo - Energy News, Top Headlines, Commentaries, Features & Events

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Chevron’s oil and gas reserves have fallen to their lowest point in at least a decade, underlining the importance of the purchase of the oil producer Hess, planned by the U.S. company, which has stalled due to a judicial battle with Exxon Mobil. Restocking is one of the key metrics for investors in energy companies, as it gives an idea of how much oil and gas companies could produce and for how long. If Chevron closes the acquisition of Hess, it…

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Chevron struggles to replace oil, gas reserves amid Hess deal limbo

Chevron's oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the importance of the U.S. major's planned acquisition of oil producer Hess that has stalled due to a court battle with ExxonMobil.

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Chevron Struggles to Replace Oil, Gas Reserves Amid Hess Deal Limbo - Energy News, Top Headlines, Commentaries, Features & Events

Summary • Chevron’s reserve replacement ratio declines to 45%, raising investor concerns • Hess acquisition would boost Chevron’s prospects with Guyana oilfield stake • Exxon and CNOOC challenged Chevron’s bid for Hess in court (Reuters) – Chevron’s oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the importance ...