Chevron Sells Iconic Toy Trucks to John Hess After Takeover

John Hess, a member of Chevron's board, plans to buy back his family's iconic toy truck business from Chevron after the oil giant's $53 billion takeover. Hess will also acquire the company's aircraft and hanger leasehold interest and trademarks associated with his family name. The deal will be finalized next year, with independent appraisers determining the prices of the toy, aircraft, and trademark businesses.