Latest Hess Corporation News & Updates

See the latest news and media coverage for Hess. We track all announcements, press releases, and industry mentions in real time, all in one place.

Hess Corporation (Hess)

Chevron subsidiary focused on oil and gas exploration and production

hess.com

Headquarters: New York, United States
Founded year: 1919
Company type: Public company
Number of employees: 4,300–5,000
Industry: Oil & Gas Exploration and Production

Last updated April 30

Latest news about Hess Corporation (Hess)

In short: Hess was acquired by Chevron for $53 billion after winning an arbitration battle with Exxon.

Company announcements

July 18, 2025 Hess

Hess announces completion of Chevron-Hess merger

The merger creates a stronger company with leading upstream cash margins and the largest acreage in the Gulf of America.

May 14, 2025 Hess

Hess announces regular quarterly dividend on common stock

The board declared a 50 cents per share dividend payable June 30, 2025 to shareholders of record on June 16, 2025.

April 23, 2025 Hess

Hess achieves first 4-mile lateral wells in North Dakota

The wells reduce breakeven costs, increase recovery, and lower environmental impact by accessing more acreage with fewer surface locations.

April 12, 2024 Hess

Hess sanctions Whiptail development offshore Guyana

The development targets 250,000 barrels per day starting in 2027 with a $12.7 billion investment and government approval.

Media coverage

April 30 Ad Hoc News

Hess Corporation Stock (US42809H1077): Chevron Closes $53 Billion Acquisition Deal

Hess shareholders received 1.025 shares of Chevron for each Hess share, reflecting no change from the original terms despite regulatory reviews. By the AD HOC...

December 25, 2025 FinancialContent

FinancialContent - The Clash for Guyana: Chevron Secures Hess Merger as Investors Pivot to Pure-Play Commodity ETFs

The landscape of the global energy market has been fundamentally reshaped this year as Chevron (NYSE: CVX) successfully completed its $53 billion acquisition of Hess...

November 21, 2025 MSN

Exxon-Pioneer, Chevron-Hess Mergers Receive Conditional FTC Approvals

Exxon Mobil Corporation's XOM acquisition of Pioneer Natural Resources was given the final approval by the U.S. regulatory body, the Federal Trade...

August 13, 2025 One America News

Chevron wins fight with ExxonMobil for Guyana oil

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

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