Post-acquisition, Hess operations are now integrated within Chevron, creating one of the industry's largest deepwater and onshore portfolios. The combined entity benefits from Hess's significant positions in the high-margin Guyana production and substantial Gulf of Mexico acreage. The integration represents a major consolidation in U.S. upstream energy production.
Cyborg Score Rationale
Hess Corporation is no longer independently operating as of the Chevron acquisition. Traditional scoring metrics do not apply to acquired subsidiaries.
Top Insights
(2024) Acquired by Chevron for $53 billion following favorable arbitration against ExxonMobil
(March 2026) Hess Midstream LP announced accretive $60 million repurchase from Chevron sponsor and public shareholders
(Q1 2026) Hess Midstream reported $157.7 million net income with $299.8 million adjusted EBITDA
Key operational focus areas include Guyana, Bakken Shale, and Gulf of Mexico production assets
Named Competitors
Upstream Operations — Major integrated oil and gas competitor
Upstream Operations — Global upstream and integrated energy major
Upstream Operations — Independent exploration and production company
Recent Developments
(May 2026) Hess Midstream LP reported Q1 2026 results with net income of $157.7 million and increased quarterly distribution
(March 2026) Hess Midstream announced $60 million accretive repurchase program from Chevron and public
(May 2026) Hess Midstream increased quarterly cash distribution to $0.7792 per Class A share
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