HomeMarket News The Venezuelan Standoff: Hess Corporation takes a hit as tensions...

The Venezuelan Standoff: Hess Corporation takes a hit as tensions rise in the Caribbean

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Marathon Petroleum To Purchase Hess Gas Stations

Joe Raedle/Getty Images News

Well, well, well! Look who’s making headlines today – none other than Hess Corp., who’s currently in the process of being swooped up by Chevron (NYSE:CVX). They’ve just taken a sudden 2.1% nosedive after the Venezuelan President Nicholas Maduro made a rather dramatic announcement. He declared that he’s deployed soldiers on the eastern Caribbean coast of Venezuela, all because their neighbor Guyana received a warship from the UK. What in the world is going on down there, folks?

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