Hess Corporation has seen a significant period of news activity, most notably, the
acquisition by
Chevron was successfully completed. The $53 billion merger, which faced litigation from rival Exxon, was eventually approved after an arbitration ruling, granting Chevron victory. The merger is expected to create an integrated oil giant with enhanced prospects. The acquisition included Chevron buying about 5% of Hess stock, showing high confidence in the merger. Financial analysts predict limited downside and significant upside potential from this acquisition.
In other news,
Hess Corporation CEO,
John B. Hess, made noteworthy stock sales amounting to over $55.6 and $63.97 million. Furthermore,
FTC reversed prior orders preventing John Hess from joining Chevron's board proving further significant developments in Chevronβs acquisition of Hess.
Lastly, Hess corporation's
performance is due to be released soon and remains the center of Wall Street's bull-bear discourse, with analysts predicting positive EPS despite a revenue miss.
Hess Corporation HES News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Tue, 23 Sep 2025 07:00:00 GMT -
Rating 8
- Innovation -2
- Information 8
- Rumor -4
