Chevron reaps billions from Guyana oil stake
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Chevron reported second quarter 2026 profits of US$12.1B. These gains were driven by legacy assets acquired from Hess. This acquisition included a 30% share in the Stabroek Block in Guyana. The move increased production by 20%. The oil company also reduced its debt by US$8.4B.
…Hess acquisition boosts production by 20% as oil giant cuts debt by US$8.4B (Kaieteur News) – Profits for American oil major, Chevron soared to US$12.1B in the second quarter of 2026, a strong performance that was achieved through “legacy assets” the company acquired from Hess- which held a 30% share in Guyana’s Stabroek Block. According to […] The post Chevron reaps billions from Guyana oil stake appeared first on Kaieteur News .