Announcement • Jul 09
Hess Corporation to Report Q2, 2025 Results on Jul 30, 2025 Hess Corporation announced that they will report Q2, 2025 results on Jul 30, 2025 Announcement • May 15
Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on June 30, 2025 The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on June 30, 2025 to holders of record at the close of business on June 16, 2025. Announcement • Apr 30
Hess Corporation Provides Production Guidance for the Second Quarter of 2025 Hess Corporation provided production guidance for the second quarter of 2025. For the quarter, the company expects E&P net production to be in the range of 480,000 boepd to 490,000 boepd. Announcement • Apr 10
Hess Corporation to Report Q1, 2025 Results on Apr 30, 2025 Hess Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Apr 07
Hess Corporation, Annual General Meeting, May 14, 2025 Hess Corporation, Annual General Meeting, May 14, 2025. Announcement • Mar 06
Hess Announces Regular Quarterly Dividend on Common Stock, Payable on March 31, 2025 The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on March 31, 2025 to holders of record at the close of business on March 17, 2025. Announcement • Jan 29
Hess Corporation Provides Production Guidance for the First Quarter of 2025 Hess Corporation provided production guidance for the first quarter of 2025. For the quarter, the company expects net production guidance for Guyana for the first quarter of 2025 includes tax barrels of approximately 20,000 bopd. Announcement • Jan 07
Hess Corporation to Report Q4, 2024 Results on Jan 29, 2025 Hess Corporation announced that they will report Q4, 2024 results on Jan 29, 2025 Announcement • Dec 05
Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on December 31, 2024 The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on December 31, 2024 to holders of record at the close of business on December 16, 2024. Announcement • Nov 02
Hess Corporation Provides Consolidated Production Guidance for the Fourth Quarter of 2024 Hess Corporation provided production guidance for the fourth quarter of 2024. For the quarter, the company's E&P net production is expected to be in the range of 475,000 boepd to 485,000 boepd, primarily reflecting recovery from downtime in the third quarter of 2024 at Guyana and Southeast Asia partially offset by planned maintenance at the Tubular Bells production facility in the fourth quarter of 2024. Announcement • Oct 03
Hess Corporation to Report Q3, 2024 Results on Oct 30, 2024 Hess Corporation announced that they will report Q3, 2024 results on Oct 30, 2024 Announcement • Oct 01
Hess Corporation Announces HSR Clearance Of Chevron-Hess Merger Hess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. To facilitate completion of the merger, Hess and Chevron have agreed that Mr. Hess will not be appointed to the Chevron Board of Directors in order to address a concern raised by the FTC about Mr. Hess’ communications with a limited number of OPEC officials. However, Mr. Hess will serve as an advisor and representative for Chevron on government relations and social investments in Guyana as well as on support for the Salk Institute’s Harnessing Plants Initiative. The Hess Board of Directors believes that the competitive concern raised by the FTC about Mr. Hess’ communications is without merit, and fully supports Mr. Hess in his role as CEO of Hess Corporation. Mr. Hess’ public and private communications with OPEC officials were consistent with his communications with U.S. government officials, the International Energy Agency and global business leaders on what will be needed to ensure an affordable and orderly energy transition. Completion of the merger remains subject to the Merger Agreement's closing conditions, including the satisfactory resolution of ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement. Announcement • Sep 05
Hess Corporation Increases Regular Quarterly Dividend on Common Stock, Payable on September 30, 2024 The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on September 30, 2024 to holders of record at the close of business on September 16, 2024. The dividend represents an approximate 14% increase compared to the dividend for the second quarter of 2024, which equals a 25 cent increase per share on an annualized basis. Announcement • Jul 31
Hess Corporation Provides Production Guidance for the Third Quarter of 2024 Hess Corporation provided production guidance for the third quarter of 2024. For the quarter, the company expects E&P net production to be in the range of 460,000 boepd to 470,000 boepd, primarily reflecting planned downtime in Guyana and Southeast Asia. Announcement • Jul 04
Hess Corporation to Report Q2, 2024 Results on Jul 31, 2024 Hess Corporation announced that they will report Q2, 2024 results on Jul 31, 2024 Announcement • May 16
Hess Corporation Declares Regular Quarterly Dividend, Payable on June 28, 2024 The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on June 28, 2024 to holders of record at the close of business on June 14, 2024. Announcement • Apr 06
Hess Corporation, Annual General Meeting, May 15, 2024 Hess Corporation, Annual General Meeting, May 15, 2024, at 09:00 Central Standard Time. Agenda: To elect twelve directors; to conduct a non-binding advisory vote to approve the compensation of named executive officers; to act upon the ratification of the selection by the audit committee of Ernst & Young LLP as independent registered public accountants; and to consider other business issues. Announcement • Apr 05
Hess Corporation to Report Q1, 2024 Results on Apr 25, 2024 Hess Corporation announced that they will report Q1, 2024 results on Apr 25, 2024 Announcement • Mar 19
Exxon Mobil Chief Executive Officer Says Not Trying to Acquire Hess Exxon Mobil Corporation (NYSE:XOM) Chief Executive Officer Darren Woods on March 18, 2024 said his company is trying to secure preemption rights over Hess Corporation (NYSE:HES) Guyana assets in its dispute with Chevron Corporation (NYSE:CVX), not buy the company itself. In his first public remarks on the company's pursuit of an arbitration case that could block Chevron's $53 billion deal for Hess, Woods said Exxon would not have waited for Chevron to announce its Hess deal if it had wanted to buy Hess. "We're basically standing up for what we believe is a fundamental right," Woods told Reuters. Exxon is trying to "secure and confirm the rights in that contract gives the existing partners." Exxon wants to "evaluate that value and do what is in the best interest of Exxon Mobil shareholders, given the investments that we've made and all the work we've done to make that successful." Hess and Chevron have said they disagree with Exxon's interpretation of the joint operating agreement that governs the Exxon, Hess and CNOOC Limited (SEHK:883), consortium responsible for all of Guyana's oil production. Chevron's acquisition of Hess has been stalled by the U.S. Federal Trade Commission's request for additional information on the merger. That request pushed back any closing to at least the middle of this year. Announcement • Jan 12
Hess Corporation to Report Q4, 2023 Results on Jan 31, 2024 Hess Corporation announced that they will report Q4, 2023 results on Jan 31, 2024 Announcement • Dec 07
Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on December 29, 2023 The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on December 29, 2023 to holders of record at the close of business on December 18, 2023. Announcement • Oct 26
Hess Corporation Updates Production Guidance for the Full Year 2023 Hess Corporation updated production guidance for the full year 2023. Net production is now forecast to be approximately 390,000 boepd, which is at the upper end of the previous guidance range of 385,000 boepd to 390,000 boepd. Announcement • Oct 24
Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire Hess Corporation (NYSE:HES) for approximately $53 billion. Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire Hess Corporation (NYSE:HES) for approximately $53 billion on October 22, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion. In aggregate, upon closing of the transaction, Chevron will issue approximately 317 million shares of common stock. The transaction price represents a premium of 10.3% on a 20-day average based on closing stock prices on October 20, 2023. In addition, John Hess is expected to join Chevron’s Board of Directors. The transaction would be accretive to cash flow per share and extends growth into 2030s.
The acquisition is subject to Hess shareholder approval. It is also subject to regulatory approvals and other customary closing conditions. The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close by the end of the first half of 2024. Morgan Stanley & Co. LLC is acting as lead financial advisor to Chevron. Evercore also advised Chevron. Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to Chevron. Goldman Sachs & Co. LLC is acting as lead financial advisor to Hess. J.P. Morgan Securities LLC also advised Hess. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Hess. Announcement • Oct 06
Hess Corporation to Report Q3, 2023 Results on Oct 05, 2023 Hess Corporation announced that they will report Q3, 2023 results on Oct 05, 2023 Announcement • Sep 07
Hess Corporation Increases Regular Quarterly Dividend on Common Stock, Payable on September 29, 2023 The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on September 29, 2023 to holders of record at the close of business on September 18, 2023. Announcement • Jul 27
Hess Corporation Revises Production Guidance for the Full Year 2023 Hess Corporation revised production guidance for the full year 2023. for the year, the company expects Net production to be approximately 115,0002 bopd, compared to its previous guidance range of 105,000 bopd to 110,000 bopd. Announcement • May 18
Hess Corporation Declares Regular Quarterly Dividend, Payable on the Common Stock of the Corporation on June 30, 2023 The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on June 30, 2023 to holders of record at the close of business on June 15, 2023. Announcement • Jan 25
Hess Corporation Provides Production Guidance for the Year 2023 Hess Corporation provided production guidance for the year 2023. Net production is forecast to average between 355,000 and 365,000 barrels of oil equivalent per day in 2023. Bakken net production is forecast to average between 165,000 and 170,000 barrels of oil equivalent per day and Guyana net production is forecast to average approximately 100,000 barrels of oil per day in 2023. Announcement • Nov 06
Hess Corporation Elects Karyn Ovelmen to Serve as Director of the Company and Member of the Board’s Audit Committee On November 4, 2020, at the recommendation of the Corporate Governance and Nominating Committee, the Board of Directors (the “Board”) of Hess Corporation (the “Company”) elected Karyn Ovelmen to serve as a director of the Company and a member of the Board’s Audit Committee, effective immediately. Ms. Ovelmen has over 25 years of financial, accounting and operating experience across the energy, manufacturing, retail and distribution industries. Most recently, she served as Gas and Power Transformation Leader at the General Electric Company during 2019 and as Executive Vice President and Chief Financial Officer of Flowserve Corporation from 2015 to 2017. Announcement • Oct 06
BHP Group Plc signed a Membership Interest Purchase and Sale Agreement to acquire additional 28% stake in Shenzi Deepwater Oil Field in Gulf of Mexico from Hess Corporation (NYSE:HES) for approximately $510 million. BHP Group Plc signed a Membership Interest Purchase and Sale Agreement to acquire additional 28% stake in Shenzi Deepwater Oil Field in Gulf of Mexico from Hess Corporation (NYSE:HES) for approximately $510 million on October 6, 2020. Purchase price is subject to customary pre and post-closing adjustments. After completion BHP will hold 72% stake and Repsol will hold 28% stake in Shenzi. Transaction is subject to the satisfaction or waiver of customary and transaction-specific conditions. Transaction is expected to close by December 2020. 
