Hess Corporation stock reflects Chevron merger terms as delisting proceeds

Hess Corporation stock is being converted into Chevron shares at a fixed 1.0250-for-1 exchange ratio as of September 9, 2026. The Hess Corporation stock delisting and merger terms reshape the risk-reward profile for remaining investors.

Hess Corporation stock (ISIN US42809H1077) is in the final phase of its merger into Chevron, with shareholders set to receive 1.0250 Chevron shares for each Hess share held as of September 9, 2026, according to broker corporate action data.

Merger terms define Hess valuation

According to Robinhood in its corporate actions tracker updated on September 9, 2026, Hess Corporation has been delisted pending completion of its merger and stock conversion into Chevron shares, with shareholders receiving 1.0250 new Chevron shares (CVX) for every 1 Hess share previously held.

The same corporate actions overview from Robinhood states that the 1.0250-for-1 exchange ratio governs the conversion of all outstanding Hess Corporation stock into Chevron equity, with fractional Chevron shares retained in investor accounts rather than paid out in cash.

Implications for Hess shareholders

For Hess investors, the 1.0250 Chevron share allocation per Hess share effectively re-prices their position in line with Chevron’s share price on the New York Stock Exchange as of the merger closing date, concentrating their exposure in a larger integrated energy group rather than an independent exploration and production company.

Because Hess Corporation stock has been delisted pending the merger, the key market reference figure for former Hess shareholders is now the Chevron share price on the New York Stock Exchange in United States dollars, together with the 1.0250 exchange ratio that determines their new position size.

Stock status and investor perspective

As of September 9, 2026, Hess Corporation stock no longer trades as an independent listing on the New York Stock Exchange, and the practical value of former Hess holdings is determined by the number of Chevron shares received per the 1.0250 exchange ratio and Chevron’s subsequent share-price performance in the energy sector.

Key data on Hess Corporation stock

• Company: Hess Corporation Inc.
• ISIN: US42809H1077
• Ticker: HES
• Trading venue: NYSE (delisted pending merger into Chevron)
• Sector / Industry: Energy / Oil and Gas Exploration and Production
• Index membership: Former constituent of major United States energy benchmarks

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