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Chevron acquires Hess Corporation in merger deal

PUBLIC · CVXAug 22, 2026about 5 hours ago

Acquiring Company

Chevron

Acquired Company

Hess Corporation

HoustonNew YorkManufacturingEnergySustainabilityOil And GasNatural ResourcesSoftwareRenewable EnergyEnergyOil And Gas

Description

Hess Corporation has agreed to be acquired by Chevron in a cash-and-stock transaction that closed in early 2026. This merger integrates Hess into Chevron, creating a larger energy group. Hess Midstream LP remains a separately listed partnership focused on Bakken infrastructure, while investors are now assessing Hess's value through Chevron's performance.

Company Information

Company

Chevron

Location

Houston, Texas, United States

About

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Hess Corporation?

Hess Corporation was acquired by Chevron, based in Houston. The deal was reported on August 22, 2026. Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron is publicly traded (CVX) and operates in Manufacturing.

When did Chevron acquire Hess Corporation?

Chevron's acquisition of Hess Corporation was reported on August 22, 2026. Hess Corporation has agreed to be acquired by Chevron in a cash-and-stock transaction that closed in early 2026. This merger integrates Hess into Chevron, creating a larger energy group. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Hess Corporation do?

Hess Corporation is a leading global independent energy company involved in the exploration and production of crude oil and natural gas. It is privately held, operating in Energy, and is based in New York.

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