HES
HessHES
HES
Delisted
HES was delisted on the 17th of July, 2025.
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
Financial journalist opinion
Negative
Reuters
6 days ago
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.
Negative
Reuters
1 week ago
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.
Neutral
Reuters
1 week ago
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.
Neutral
Market Watch
1 week ago
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.
Positive
Seeking Alpha
1 week ago
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.
Positive
WSJ
1 week ago
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.
Neutral
PRNewsWire
1 week ago
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.
Positive
CNBC Television
1 week ago
Chevron CEO Mike Wirth: Hess acquisition is good for the industry
Chevron CEO Mike Wirth on Friday said the company's acquisition of Hess, which it completed this week after winning a legal dispute with Exxon Mobil, is good for the oil and gas sector and creates the "strongest upstream portfolio in the industry."
Positive
The Guardian
1 week ago
Chevron closes $55bn Hess takeover after winning Exxon legal battle
The blockbuster acquisition is one of the largest energy deals in the past decade
Positive
Yahoo Finance
1 week ago
Fed governor Waller pushes for rate cut, Chevron completes Hess acquisition
Here is what you may have missed on Morning Brief on Friday, July 18. Federal Reserve governor Christopher Waller says he would like to see the central bank cut rates at its July meeting, putting him in conflict with other FOMC members who want to wait on cuts.
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