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An American family oil dynasty ends with the sale of Hess
An American family oil dynasty ends with the sale of Hess
One of the first things you notice when entering the Hesse The Downtown Houston Tower is the original forest green truck that Leon Hess traveled across New Jersey nearly a century ago delivering fuel.
Today, the Hess name is on the verge of disappearing from the ranks of the world’s largest oil companies. Chevron announced Monday that it would acquire the family business for $53 billion, concluding a 90-year saga written by the gruff founding father and his gregarious son, the current chief executive. John Hesse.
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