HES

Hess

HES

Market cap $46.1B

Overview Fund Activity

Delisted

HES was delisted on the 17th of July, 2025.

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About: Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2024, the company reported net proved reserves of 1.44 billion barrels of oil equivalent. Net production averaged 481 thousand barrels of oil equivalent per day in 2024, at a ratio of 79% oil and natural gas liquids and 21% natural gas.

Employees: 1,797

Energy Oil & Gas Exploration & Production

Financial journalist opinion

Chevron: The Hess Payoff Begins, Reinforcing The Long-Term Case

Chevron's acquisition of Hess strengthens its long-term investment case, adding significant cash flow and growth opportunities, especially from Guyana and the Permian Basin. The all-stock Hess deal, while dilutive, is expected to be accretive with $1 billion in synergies and immediate cash flow benefits. Chevron maintains robust financial health with strong free cash flow, a sustainable dividend, aggressive buybacks, and a low net debt ratio.

Chevron: The Hess Payoff Begins, Reinforcing The Long-Term Case

CNBC Television

Chevron profit hit by low crude oil prices and loss from Hess acquisition

CNBC's Becky Quick reports on the company's quarterly earnings results.

Chevron profit hit by low crude oil prices and loss from Hess acquisition

Chevron profit hit by low crude oil prices and loss from Hess acquisition

Chevron second-quarter earnings took a substantial hit due to low oil prices and a loss on its acquisition of Hess Corporation. The oil major's net income declined 43% to $2.49 billion, or $1.45 per share, from $4.43 billion, or $2.43 per share, in the same period last year.

Chevron profit hit by low crude oil prices and loss from Hess acquisition

Chevron tells Hess staff to focus on safety as they await job updates

Chevron leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer's acquisition, according to two Hess employees who spoke with Reuters.

Chevron tells Hess staff to focus on safety as they await job updates

Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals

Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday.

Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals

US oil producer Continental Resources drops fraud lawsuit against rival Hess

U.S. shale producer Continental Resources has dropped a lawsuit it filed against rival Hess Corp in May, which alleged it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries.

US oil producer Continental Resources drops fraud lawsuit against rival Hess

Hess and a U.K. nuclear plant show what $50 billion gets in the energy market

For nearly the same price, nuclear will generate far more power — and a lot more headaches.

Hess and a U.K. nuclear plant show what $50 billion gets in the energy market

Chevron Plus Hess Is A Good Investment

Chevron's acquisition of Hess secures a 30% stake in Guyana's Stabroek Block, unlocking significant low-cost, high-growth oil production potential. Hess adds robust Bakken shale assets and immediate profit growth, supporting Chevron's valuation and long-term cash flow generation. Chevron's ramp-up in TCO, Gulf of Mexico, and refining capacity positions it for production growth and enhanced shareholder returns.

Chevron Plus Hess Is A Good Investment

Chevron's Victory in the Oil-Patch Brawl Was a Much-Needed Win

The acquisition of Hess—and its stake in a generational oil find—helps clear up lingering doubts about Chevron's growth prospects.

Chevron's Victory in the Oil-Patch Brawl Was a Much-Needed Win

Block Set to Join S&P 500

NEW YORK , July 18, 2025 /PRNewswire/ -- Block Inc. (NYSE: XYZ) will replace Hess Corp. (NYSE: HES) in the S&P 500 effective prior to the opening of trading on Wednesday, July 23. S&P 500 and S&P 100 constituent Chevron Corp. (NYSE: CVX) has acquired Hess Corp in a deal that closed today, July 18.

Block Set to Join S&P 500

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