Chevron has completed a merger with Hess Corporation (HES) following an arbitration win over Exxon. This acquisition has resulted in integrated oil giant creating substantial value in the energy sector. This merger has also clinched Chevron access to a unique asset in the form of Hess's prolific Guyana oil field. As a result of this merger, Hess has been delisted from the NYSE but not before its Q2 2025 earnings raised analysts' expectations. Hess's stock has seen an upward trend, with many predicting continued growth. Its strong quarterly dividend commitment of $0.50 to shareholders is maintained post-merger. The FTC reversed its decisions barring John Hess from joining Chevron's board. Despite legal battles and insider selling by CEO John B. Hess, investors remain bullish on the long-term potential offered by the newly formed entity. However, Continental Resources has filed a lawsuit against Hess claiming it was defrauded out of $69 million. This development offers a potential note of caution to investors. Hess is also participating in an extensive healthcare initiative in Guyana transforming the nation's health system.
Hess Corporation HES News Analytics from Mon, 07 Oct 2024 07:00:00 GMT to Tue, 05 Aug 2025 07:00:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -4
