Welcome to our dedicated page for Hess news (Ticker: HES), a resource for investors and traders seeking the latest updates and insights on Hess stock.
The HES news page on Stock Titan provides an organized view of historical and corporate news related to Hess Corporation, a company that described itself as a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. News items cover the period when Hess operated as an independent public company and the subsequent corporate transformation resulting from its acquisition by Chevron Corporation.
Recent news includes Chevron’s announcement that it completed its acquisition of Hess Corporation, following satisfaction of closing conditions and a favorable arbitration outcome regarding Hess’s offshore Guyana asset. This transaction created a combined company with a portfolio that includes Hess’s assets in Guyana, the U.S. Bakken, the Gulf of America and Southeast Asia. The news release explains that Hess shareholders receive Chevron shares under the merger terms and that Hess becomes a direct, wholly owned subsidiary of Chevron.
Other Hess news items include quarterly and annual earnings releases that detail net income, net production, capital and exploratory expenditures and regional operational highlights. These reports describe performance in areas such as the Bakken shale, offshore Guyana developments on the Stabroek Block, the Gulf of America and Southeast Asia. Additional releases cover regular quarterly dividend declarations on Hess common stock and scheduling notices for earnings releases, which reference the definitive agreement for Hess to be acquired by Chevron.
Hess-related news also highlights environmental, social and governance activities, including a joint announcement with the Government of Guyana and the Mount Sinai Health System about a national healthcare initiative in Guyana. This initiative, funded jointly by Hess and the Government of Guyana and led by Mount Sinai entities, aims to transform the country’s public health system and has been extended for an additional five years.
By reviewing the HES news feed, users can trace Hess Corporation’s financial results, operational milestones, dividends, ESG initiatives and the steps leading to and following its acquisition by Chevron.
Chevron (NYSE: CVX) has completed its acquisition of Hess Corporation, creating a premier integrated oil & gas company. The strategic merger combines Chevron's existing portfolio with Hess' world-class assets, including a 30% stake in Guyana's Stabroek Block with over 11 billion barrels of oil equivalent discovered recoverable resource, 463,000 net acres in the Bakken, and complementary assets in the Gulf of America.
The transaction terms include 1.0250 Chevron shares for each Hess share, with Chevron issuing approximately 301 million shares of common stock. The company expects to achieve $1 billion in annual run-rate cost synergies by the end of 2025 and projects capital expenditures between $19-22 billion. Former Hess CEO John Hess is set to join Chevron's Board of Directors following FTC clearance.
Hess Corporation (NYSE: HES) has announced it will release its second quarter earnings report and supplemental information on Wednesday, July 30, 2025. The company noted it will not conduct a conference call due to the pending acquisition by Chevron, which was announced on October 23, 2023.
Hess, a leading global independent energy company focused on crude oil and natural gas exploration and production, will make the earnings information available on their website at www.hess.com. The completion of the acquisition remains subject to closing conditions.
Hess Corporation (NYSE: HES) has announced its regular quarterly dividend payment. The company's Board of Directors has declared a dividend of $0.50 per share on its Common Stock. The dividend will be paid on June 30, 2025, to shareholders who are recorded as holders by the close of business on June 16, 2025.
Hess Corporation is a global independent energy company that focuses on crude oil and natural gas exploration and production.
Hess Corporation reported Q1 2025 net income of $430 million ($1.39 per share), down from $972 million ($3.16 per share) in Q1 2024. The adjusted net income was $559 million ($1.81 per share).
Key highlights:
- Oil and gas production remained stable at 476,000 barrels of oil equivalent per day
- Average realized crude oil price decreased to $71.22 per barrel from $80.06
- E&P capital expenditures increased to $1,085 million from $927 million
The Yellowtail development in Guyana is on track for Q3 2025 startup, with an initial production capacity of 250,000 barrels per day. The ONE GUYANA floating production vessel arrived offshore on April 15, 2025. The company maintains strong liquidity with $1.3 billion in cash and a debt-to-capitalization ratio of 27.8%.
Hess (NYSE: HES) has announced it will release its first quarter earnings and supplemental information on Wednesday, April 30, via its website www.hess.com. The company noted it will not conduct a conference call for this earnings release due to the pending acquisition by Chevron, which was announced on October 23, 2023.
Hess, a leading global independent energy company focused on crude oil and natural gas exploration and production, is currently subject to the closing conditions of the Chevron acquisition agreement. The announcement includes standard forward-looking statements disclaimers regarding potential risks and uncertainties that could affect actual results.
Hess (NYSE: HES) and the Government of Guyana announced a five-year extension of their national healthcare initiative in partnership with Mount Sinai Health System. The program, launched in 2022, aims to transform Guyana's public health system by 2030.
The initiative has already achieved significant milestones, including over 35,000 child health screenings and the upcoming graduation of nearly 900 nursing assistants in 2025. The next phase will focus on six key pillars: establishing a national cancer center, developing the National Women's and Children's Hospital, implementing community-centered care, quality improvement programs, creating an advanced digital health system, and building healthcare workforce capacity.
The collaboration has already established a state-of-the-art pathology lab and implemented new digital protection laws. The initiative will continue to be jointly funded by Hess and the Government of Guyana, with Mount Sinai providing healthcare expertise and implementation support.
Hess (NYSE: HES) has announced its regular quarterly dividend payment. The company's Board of Directors has declared a dividend of $0.50 per share on common stock, which will be paid on March 31, 2025. Shareholders who are recorded holders at the close of business on March 17, 2025 will be eligible for this dividend payment.
Hess operates as a leading global independent energy company, focusing on crude oil and natural gas exploration and production.
Hess (NYSE: HES) reported strong Q4 2024 results with net income of $542 million ($1.76 per share), up from $413 million ($1.34 per share) in Q4 2023. Oil and gas net production increased 18% to 495,000 barrels of oil equivalent per day (boepd), driven by significant growth in Guyana (+52%) and Bakken (+7%) operations.
The company's E&P capital expenditures were $1,677 million, including $635 million for FPSO vessel purchases. Year-end proved reserves reached 1.44 billion barrels of oil equivalent with a 138% organic reserve replacement rate. Average realized crude oil selling price was $72.10 per barrel, down from $76.63 in the prior-year quarter.
For Q1 2025, E&P net production is expected to range between 465,000-475,000 boepd, reflecting planned maintenance in Guyana and winter weather impact in Bakken. The company maintained strong liquidity with $1.2 billion in cash and a debt to capitalization ratio of 28.3%.
Hess (NYSE: HES) has achieved significant recognition for its sustainability and management excellence. The company has been included in the Dow Jones Sustainability Index (DJSI) North America for the 15th consecutive year and has made it to the DJSI World Index for the third time. Notably, Hess is the only North American oil and gas producer in DJSI World and one of only four oil and gas companies in DJSI North America.
Additionally, Hess has been recognized in the Wall Street Journal's Top 250 Best Managed Companies of 2024, securing an impressive 8th place ranking for social responsibility. The WSJ ranking evaluates companies across five key areas: customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength, using 35 data inputs from 16 third-party sources.
Hess (NYSE: HES) has announced it will release its fourth quarter earnings and post supplemental information on its website on Wednesday, January 29. The company will not conduct a conference call due to the pending acquisition by Chevron, which was announced on October 23, 2023. The acquisition remains subject to closing conditions.
Hess operates as a global independent energy company focused on crude oil and natural gas exploration and production.
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