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Chevron acquires Hess Corporation in merger deal
PUBLIC · CVXAug 22, 2026•about 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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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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