BLM announces oil and gas lease sale in North Dakota

production and free cash flow growth rates, extending beyond Chevron’s existing fiveyear guidance.

Chevron’s Chairman and CEO, Mike Wirth, emphasized the shared values and culture of both companies, focusing on safety, integrity, community involvement and financial excellence.

Pierre Breber, Chevron’s CFO, anticipates that this addition will significantly expand Chevron’s free cash flow growth, supporting higher dividend per share growth and increased share repurchases.

John Hess, CEO of Hess Corporation, expressed his pride in the company’s accomplishments. He emphasized their valuable growth portfolios, especially in Guyana, home to the largest oil discovery of the past decade, and the Bakken shale, where they hold a leading position in oil and gas production. With this merger, Hess expects to create a company that is stronger across all dimensions, better equipped to navigate the energy transition, and committed to delivering substantial shareholder value in the years to come.

This strategic move underscores Chevron’s commitment to advancing its portfolio and leadership in the energy sector, solidifying its position as a global leader in the industry.

Stay tuned for further updates on this transformative agreement between Chevron and Hess, including its impact on North Dakota’s energy landscape.