The merger agreement stipulates that Chevron will offer 1.025 of its shares for each Hess share. Had the deal closed on Monday, Hess investors would have received $162.69 per share, based on ...

Chevron has purchased a 4.99% stake in Hess Corp for $3.2 billion, ... Chevron Buys 5% in Hess, Signals Merger Going as Planned By Irina Slav - Mar 18, 2025, 5:18 AM CDT.

Chevron bought a nearly 5% stake in Hess ahead of its planned merger for two reasons, chief financial officer Eimear Bonner said Tuesday. The first, which Chevron disclosed Monday when it revealed ...

What investors need to keep in mind is that if the merger of the Hess Corporation with Chevron eventually happens, then the new owner is Chevron. Chevron may or may not play "hardball" with the ...

Chevron Corp. has acquired a 4.99 percent ownership in Hess Corp. via the open market, even as the companies work to complete their embattled merger. Chevron purchased 15.38 million shares of Hess ...

Chevron also spent $2.2 billion to buy nearly 5% of Hess ' (HES 0.78%) outstanding shares, driven by its confidence that it will close that needle-moving acquisition this year.