Hess Corporation analyst consensus holds steady, shares track the oil majors on NYSE

Hess Corporation starts midweek trade with a stable analyst consensus and a clear calendar ahead of the planned Chevron takeover close, while its shares on the NYSE continue to move broadly in line with other U.S. oil majors.

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-24, 11:16.

Hess Corporation (US42809H1077) enters Wednesday with a largely unchanged analyst view and a pending takeover by Chevron that keeps the NYSE-listed shares closely watched by energy investors. According to consensus data, most brokers continue to rate the stock positively despite the agreed cash-and-stock deal.MarketScreener consensus overview

What analysts say on Hess

MarketScreener data show that a clear majority of analysts maintains Buy or Outperform ratings on Hess, with the average 12-month price target still pointing above the last standalone trading levels before the Chevron offer was announced.MarketScreener consensus overview The stock also remains part of the S&P 500, keeping it in focus for passive funds and sector trackers alongside Exxon Mobil and Chevron itself.

Several U.S. investment banks, including Goldman Sachs and JPMorgan, continue to factor the transaction terms into their models, treating Hess effectively as a merger-arbitrage situation where upside and downside are tied to deal completion and the performance of Chevron shares.Reuters coverage of the Chevron-Hess deal This sets Hess apart from pure-play exploration and production peers, whose valuations move more directly with crude prices and drilling results.

Consensus and calendar this week

With the next regular quarterly update not yet imminent, the near-term focus in the analyst community remains on regulatory milestones and shareholder approvals for the Chevron transaction rather than on standalone earnings surprises.Hess investor events calendar The deal, valued at around 53 billion U.S. dollars when announced in October 2023, is structured as an all-stock merger that will ultimately replace Hess exposure with Chevron shares in investor portfolios.

Against this backdrop, consensus estimates for Hess’s production, cash flow and earnings remain an important benchmark for valuing the company’s assets inside the future combined group. For many analysts, the key drivers are the long-life Guyana oil project and cash-generative U.S. shale operations, which influence how attractive the agreed exchange ratio looks compared with Chevron’s own fundamentals.Financial Times analysis on Chevron-Hess

How Hess makes its money

Hess generates revenue primarily from exploration and production of oil and natural gas, with key assets in the offshore Guyana project operated by Exxon Mobil, the Bakken shale in North Dakota and additional international fields. The company sells crude oil, natural gas and liquids to refiners, utilities and other buyers under long-term contracts and spot arrangements.

Where the Hess shares trade today

The Hess Corporation shares (US42809H1077) most recently traded on the NYSE at around 150 U.S. dollars, in a range that reflects both the underlying energy price environment and the agreed Chevron share-exchange terms.

Key data on the Hess Corporation shares

• Company: Hess Corporation
• ISIN: US42809H1077
• WKN: 878305
• Ticker: HES
• Trading venue: NYSE
• Price (as of 2026-06-24, 15:45): 150.00 USD
• Market cap: 46.0 billion USD (as of 2026-06-24)
• Sector / industry: Energy – Oil & Gas Exploration & Production
• Index membership: S&P 500
• Next earnings date: 2026-07-24

This article is for informational purposes only and does not constitute investment advice, an offer or a solicitation to buy or sell any securities. All data are based on publicly available sources and may change without notice.