Today Chevron announced an agreement to buy Hess Corporation. Hess has a total enterprise value, including debt, of $60 billion. This is an all-stock transaction. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share.
The combined company is expected to grow production and free cash flow faster and for longer than Chevron’s current five-year guidance. In addition, John Hess is expected to join Chevron’s Board of Directors. “This strategic combination brings together two strong companies to create a premier integrated energy company” he said.
Chevron’s CFO, Pierre Breber said “With greater confidence in projected long-term cash generation, Chevron intends to return more cash to shareholders with higher dividend per share growth and higher share repurchases.”
As decades long shareholders in CVX, Blackhawk Wealth Advisors joins you in applauding this pending merger. As always we are happy to help. Please call us if you have any questions or we may be of service.
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Blackhawk Wealth Advisors has offered strategic investment solutions and wealth planning advice to individuals and corporations for decades. The company’s founder, John Gardner, says “Our comprehensive and disciplined planning firm is soundly rooted in its mission to provide strategic investment solutions to our clients that are consistent with their objectives and risk tolerance to enable them to achieve their financial goals.”
Blackhawk Wealth Advisors has been working with Chevron employees for decades to maximize their retirement.
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Blackhawk Wealth Advisors is the parent corporation of Equity Research & Portfolio Evaluation and Blackhawk Asset Management. It’s Chief Investment Officer is John J. Gardner. John is a Certified Financial Planner (CFP®) and Certified Portfolio Manager (CPM®)
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At BAM, we take the research we obtain from ERPE and utilize it to manage our clients’ assets. Our founder, John Gardner, CFP®, CPM®, offers high net worth investors experienced investment portfolio management based on a disciplined methodology. John is one of the nation's approximately 400 Certified Portfolio Managers and has managed billions of dollars in equity portfolios over his professional career since 1984. He has created four effective, proprietary portfolios: Thematic Growth, Strategic Income, Diversified Value, and Global Opportunity, which have helped clients prosper.
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Equity Research & Portfolio Evaluation
Equity Research & Portfolio Evaluation (ERPE) utilizes its propietary approach in analyzing investments. Its proven success researching equities is based on a blend of fundamental and technical analysis. ERPE's time-tested Top 10 Tenets guide the investment process to achieve Portfolio Optimization: This is through minimizing risk without sacrificing return.
