Hess Corporation stock ends after Chevron merger closes

Hess Corporation stock ended as an independent listing on July 18, 2025, when Chevron completed its acquisition of the energy producer. Britannica states that Hess Corporation ceased to exist as an independent company after the transaction.

Merger closes on July 18

The deal transformed Hess from a separately traded oil and gas company into an operating portfolio inside Chevron. Hess's own website confirms that the Chevron-Hess merger is complete, linking the corporate milestone to Chevron's global energy business.

The acquisition had been announced at a value of USD 53 billion, according to Britannica. The transaction centered on Hess's 30 percent interest in Guyana's Stabroek Block, a strategic offshore asset that helped define the deal's long-term rationale.

301.25 million Chevron shares

Chevron issued 301.25 million shares as closing consideration on July 18, 2025, while assuming USD 8.8 billion of debt, according to TickerScout. The same summary lists USD 26.5 billion of total liabilities assumed, showing that the transaction involved substantially more than the headline equity exchange.

The comparison between the USD 53 billion announced value and the USD 8.8 billion of assumed debt illustrates the deal's two-part structure: Chevron acquired Hess equity while also taking on legacy obligations. For holders of the former Hess security, the relevant corporate reference is now Chevron rather than a standalone Hess quote.

Former HES line becomes history

Hess had traded under the HES ticker on the New York Stock Exchange, but the merger changed the issuer behind the business. The former ticker now serves as a historical identifier for the company that contributed its Guyana, Bakken and other energy assets to Chevron.