Chevron ($CVX (+1,11 %) )has announced it has acquired Hess Corporation ($HES (+1,31 %) ) to an "all stock" deal, valued at 53 billion US dollars to acquire. This move comes shortly after the Exxon-Pioneer transaction. With the acquisition of Hess acquires Chevron access to promising oil resources in Guyana and Shale deposits in the Bakken region. This is expected to growth and the free cash flow of the combined company significantly.