Hess Corp.

Hess Corp. today announced that the Federal Trade Commission antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. "We are very pleased that our merger with Chevron has cleared this significant regulatory hurdle," said CEO John Hess. "This transaction continues to be an outstanding deal for Hess and Chevron shareholders and will create a premier [...]

The Board of Directors of Hess Corp. today 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. [...]

Hess Corp. today reported net income of $757 million, or $2.46 per share, in the second quarter of 2024, compared with net income of $119 million, or $0.39 per share, in the second quarter of 2023. On an adjusted basis, the Corporation reported net income of $809 million, or $2.62 per share in the second quarter of 2024, compared with $201 million or $0.65 per share, in the prior-year quarter. The increase in adjusted [...]

Hess Corp. announced today that on Wednesday, July 31, it will issue its second quarter earnings press release and post supplemental earnings information on its website at www.hess.com. The company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to shareholder and regulatory approvals and other customary closing conditions. [...]

LiTHOS Group Ltd. is pleased to announce it has entered into a non-binding letter of intent with 1481450 B.C. Ltd. , dated June 5th, 2024, pursuant to which the Company would acquire all of the outstanding securities of 1481450 from the securityholders of 1481450 . 1481450 has entered into an Agreement, and, at the time of Closing , will hold all of the outstanding securities of Reservoir Imaging Solutions LLC , a private [...]

Hess Corp. today announced that it has received the necessary approval of its stockholders for closing the company's merger with Chevron Corp.. At the special meeting of Hess stockholders held today, a majority of the outstanding shares of Hess common stock were voted in favor of the adoption of the merger agreement. "We are very pleased that the majority of our stockholders recognize the compelling value of this [...]

Hess Corp. today announced that independent proxy voting and corporate governance advisory firm Glass, Lewis & Co. has recommended that Hess shareholders vote FOR the proposed merger with Chevron. In its report, Glass Lewis notes "the strategic and financial merits of the proposed merger are sound and reasonable" and that "Hess shareholders will have the opportunity to participate in the potential future upside of the [...]

The Board of Directors of Hess Corp. today 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. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corp. is available at [...]

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Hess Corp. today announced it has made a final investment decision to proceed with Whiptail, the sixth development on the Stabroek Block, after receiving government and regulatory approvals. Whiptail is expected to add gross production capacity of approximately 250,000 barrels of oil per day by the end of 2027. The $12.7 billion Whiptail development will target an estimated resource base of more than 850 million barrels [...]