Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

Private Oil Drillers Are Hitting Their Limits Smaller producers in the hottest U.S. oil patch are pulling back, after harvesting many of their best locations By ...

Chevron is buying Hess Corp. for $53 billion as the biggest U.S. oil companies use a recent windfall in profits to buy up smaller competitors.