Chevron closes Hess acquisition
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The share price of Hess Corporation (NYSE:HES) surged by 6.91% between July 7 and July 11, 2025, putting it among the Energy Stocks that Gained the Most This Week. Hess Corporation (NYSE:HES) is a leader in deepwater development and production,
Chevron completed its $53 billion acquisition of Hess after all legal hurdles were cleared, including the company's vast oil fields off the coast of Guyana.
Hess Corporation awaits a key arbitration ruling as Guyana growth accelerates, despite limited disclosures and communication. See why HES stock is a strong buy.
Chevron completed its purchase of Hess after prevailing in a legal dispute with Exxon over one of the most promising oil projects in the world.
Shares of Hess Corp. HES shed 2.46% to $149.45 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.14% to 6,268.56 and the Dow Jones Industrial Average DJIA rising 0.20% to 44,459.65.
Hess Midstream offers stable returns via a fee-based model and Hess Corp partnership, but risks like concentration and debt loom. See more on HESM here.
Block shares surged in extended trading Friday, after S&P Dow Jones Indices said the digital payments provider will be replacing Hess in the benchmark S&P 500 Index next week.