Hess Corporation stock ends with Chevron merger

Hess Corporation stock ended as a standalone investment after Chevron completed its USD 53 billion acquisition of the energy company on July 18, 2025, according to The New York Times. As of September 24, 2026, Hess presents the Chevron-Hess merger as complete on its corporate website.

Chevron absorbs the Hess assets

The transaction valued Hess at USD 53 billion, a figure cited by Britannica in its company history. The deal shifted Hess from an independently traded exploration and production company into Chevron's broader upstream portfolio.

That change matters because the former Hess equity story now centers on how Chevron develops the acquired resources, rather than on a separate Hess earnings stream or standalone share price. The July 18, 2025 completion date is therefore the key dividing line between Hess as a listed company and Hess as an integrated asset base.

Guyana adds production capacity

Hess highlights the ONE GUYANA floating production, storage and offloading vessel at the Stabroek Block offshore Guyana. The vessel has an initial production capacity of 250,000 gross barrels of oil per day, according to the Hess Corporation website.

The capacity figure shows why Guyana was central to Chevron's rationale for the transaction. It also gives investors a concrete operating measure for tracking the former Hess assets inside Chevron, even though Hess itself no longer reports as a separate public issuer.

Former HES quote sets the reference

The former HES security stood at USD 148.97 on the NYSE on July 18, 2025, unchanged from its prior close of USD 148.97. Its market capitalization was USD 46,072,102,062, while the 52-week range ran from USD 123.79 to USD 161.69 on that historical quote date.

Against the USD 161.69 52-week high, the USD 148.97 price was 7.86 percent lower. The figures are historical markers for the former listing, while the current economic exposure from Hess is represented through Chevron's ownership of the acquired assets.