Chevron Completes $53 Billion Acquisition of Hess Corporation Assets

Hess Corporation's stock joined Chevron in a massive $53 billion deal on July 18, 2025. The transaction transformed Hess from an independent energy producer to a portfolio of assets within Chevron's global energy business.

Chevron completed the acquisition by issuing 301.25 million shares and assuming $8.8 billion in debt, which accounted for 16.6% of the deal's value.

The transaction centered on Hess's 30% interest in Guyana's Stabroek Block, one of the most significant assets transferred in the acquisition.