Chevron Corporation has completed its acquisition of Hess Corporation, aiming to enhance its portfolio and drive significant cash flow growth.

Information on the Target

Chevron Corporation (NYSE: CVX) has successfully completed its acquisition of Hess Corporation (NYSE: HES) as of July 18, 2025, following the fulfillment of all necessary closing conditions. This includes a favorable arbitration decision concerning Hess’ offshore assets in Guyana. The merged entity now boasts a highly distinguished portfolio with robust positions in key energy markets globally, characterized by high cash margin production.

Former Hess CEO, John Hess, highlighted the strategic value of this acquisition, noting the company’s substantial growth portfolio in regions like Guyana and the Bakken shale. These assets are pivotal, particularly the Guyana location, known for being the most significant oil discovery in the past decade. The combination of Chevron and Hess creates a premier player in the energy sector, well-positioned for future growth.

Industry Overview in the Target’s Specific Country

The energy sector is a crucial component of the United States economy, with oil and gas being primary sources of energy. The country is among the top producers of crude oil, thanks to advances in extraction technology and substantial shale formations. The indu