Hess Merges into Chevron as Shareholders Receive 1.0250 New Shares

Hess Corporation's stock is in its final phase of merging into Chevron. The merger terms dictate that shareholders will receive 1.0250 Chevron shares for each Hess share held as of September 9, 2026.

The exchange ratio governs the conversion of all outstanding Hess Corporation stock into Chevron equity, with fractional Chevron shares retained in investor accounts rather than paid out in cash.

This means that former Hess shareholders will now hold a new position size based on the number of Chevron shares they receive and the subsequent share-price performance of Chevron in the energy sector.