Chevron closes Hess acquisition
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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.
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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.
Shares of Hess Corp. advanced 4.82% to $150.23 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.07% to 6,225.52 and Dow Jones Industrial Average falling 0.
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.
Forty-odd years after leaving the employ of the refinery, the St. Lucian-born Edward was diagnosed with multiple myeloma, a cancer of the blood's plasma cells. According to the lawsuit, Mr. Edward was diagnosed in July 2023, and died at the end of September 2024.
Hess Corporation awaits a key arbitration ruling as Guyana growth accelerates, despite limited disclosures and communication. See why HES stock is a strong buy.
Hess Corp.'s planned $53 billion sale to Chevron Corp.—which could close imminently if an arbitration panel rejects a challenge by Exxon Mobil Corp.—was likely engineered to favor CEO John Hess, according to a lawsuit filed Thursday.