Chevron Absorbs Hess in $53 Billion Deal

Hess Corporation's stock is no longer listed on the market after Chevron completed its acquisition of the energy producer in July 2025. The deal, worth USD 53 billion, saw Chevron issue 301.25 million shares and assume USD 8.8 billion in debt.

The transaction centered around Hess' 30 percent interest in Guyana's Stabroek Block, a strategic asset that Chevron inherited from the acquisition.

For former Hess shareholders, their economic link now follows Chevron's larger energy portfolio rather than an independently traded HES share. This change affects market searches and portfolio records, as the historical Hess quote and continuing HESM listing refer to different instruments or periods.