Hess

HES

Market cap $46.1B

Chevron CEO Mike Wirth told employees on Wednesday that he believes the company will outperform publicly-stated financial targets given to investors following the acquisition of smaller oil producer Hess.

The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third quarter due to Hess-related impacts.

ORLANDO, Fla.--(BUSINESS WIRE)--Boundless Learning, a leading education solutions provider, announces a strategic partnership with the Higher Education Systems & Services Consortium.

Chevron Corporation remains attractive, supported by the recent Hess acquisition and access to Guyana's low-cost oil assets. Q2 2025 earnings declined 41% due to lower oil prices and volumes, but cost controls and a 4.4% dividend yield provide stability. I'm raising my CVX price target to $172.18, implying 10% upside, based on improved EBITDA and free cash flow estimates through 2027.

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.

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

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