Acquiring Company
Chevron
Acquired Company
Hess Corporation
HoustonNew YorkManufacturingEnergySustainabilityOil And GasNatural ResourcesSoftwareRenewable EnergyEnergyOil And GasDescription
Chevron has finalized the $53 billion acquisition of Hess Corporation, enhancing its portfolio with a significant stake in Guyana's Stabroek Block. This acquisition is expected to yield considerable cost synergies of $1 billion annually by 2025. The merger will also grant Chevron access to valuable onshore assets and diversify its production base. Shareholders can anticipate increased dividends and significant buybacks following the merger.
Quick answer
Chevron is acquiring Hess Corporation for $53 billion, announced July 23, 2025. Chevron is based in Houston, Texas, United States.
- How much did Chevron pay for Hess Corporation?
- The reported deal value is $53 billion.
- What does Chevron do?
- Chevron is one of the world’s leading integrated energy companies.
- Where are Chevron and Hess Corporation based?
- Chevron is based in Houston, Texas, United States. Hess Corporation is based in New York, New York, United States.
- Who are the decision-makers at Chevron?
- Fundz holds 4 contacts at Chevron. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Energy and Sustainability
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Chevron acquires Hess Corporation in landmark deal (July 30, 2025)
- Eaton acquires Resilient Power Systems Inc. (August 6, 2025)
- Schlumberger acquires ChampionX for $40.58 per share (July 16, 2025)
- Eaton to acquire Resilient Power Systems Inc. (July 16, 2025)
- Alfa Laval acquires Fives Energy Cryogenics unit (July 8, 2025)
- IGS Energy acquires Just Energy for market expansion (July 1, 2025)
Who to call at Chevron, and when
When Chevron changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Chevron raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Chevron, from your own LinkedIn network
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Frequently asked
Who acquired Hess Corporation?
Hess Corporation was acquired by Chevron, based in Houston. The deal was reported on July 23, 2025. 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 July 23, 2025. Chevron has finalized the $53 billion acquisition of Hess Corporation, enhancing its portfolio with a significant stake in Guyana's Stabroek Block. This acquisition is expected to yield considerable cost synergies of $1 billion annually by 2025. 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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