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.
Hess (NYSE: HES) will release its second-quarter earnings on Wednesday, July 31. Concurrently, the company will post additional earnings information on its website. Hess will not host an earnings call due to a definitive agreement for acquisition by Chevron, announced on October 23, 2023. This acquisition is pending shareholder and regulatory approvals and other customary closing conditions. Hess is a prominent global independent energy company focusing on crude oil and natural gas exploration and production.
Hess (NYSE: HES) announced that its stockholders have approved the proposed merger with Chevron During a special meeting, a majority of Hess's outstanding shares voted in favor of the merger. CEO John Hess highlighted that the merger will create a leading integrated energy company capable of delivering significant shareholder value. The final voting results will be documented in a Form 8-K filed with the U.S. SEC. The merger does not require approval from Chevron's stockholders but remains subject to other closing conditions, including regulatory approvals and arbitration outcomes related to the Stabroek Block joint operating agreement. Both companies aim to complete the merger promptly.
The Board of Directors of Hess (NYSE: HES) has declared a regular quarterly dividend of 43.75 cents per share. This dividend will be payable on June 28, 2024, to shareholders of record as of June 14, 2024. Hess is a global independent energy company focused on the exploration and production of crude oil and natural gas. For more information, visit the company's website or view the press release on Business Wire.
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