Chevron said it bought 15,380,000 shares of Hess Corporation common stock at prevailing market prices in open market transactions between January 2025 and March. The number of shares represents about 4.99% of Hess common stock outstanding as of January 31, 2025.

8-KOther EventsFiled Mar 17, 2025Period of report Mar 17, 2025Summary published (UTC) Oct 16, 2026

Key points

AI summary

Chevron said it bought 15,380,000 shares of Hess Corporation common stock at prevailing market prices in open market transactions between January 2025 and March. The number of shares represents about 4.99% of Hess common stock outstanding as of January 31, 2025.
The company said the purchases were made on October 22, 2023 at prices that represent a discount to the price of Hess common stock implied in the exchange ratio under the Merger Agreement between Chevron and Hess.
Chevron said the purchases reflect its continuing confidence in the consummation of the pending Hess acquisition.
Hess said the purchases of Hess common stock are separate from Chevron common stock repurchases under its stock repurchase program for the first quarter ending March 31, 2025. Hmm

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Chevron Buys 15,380,000 Hess Common Shares in Open Market

Chevron said it bought 15,380,000 shares of Hess Corporation common stock at prevailing market prices in open market transactions between January 2025 and March. The number of shares represents about 4.99% of Hess common stock outstanding as of January 31, 2025.

Source · Based on the filing body and exhibits

Discount to Hess Share Price Implied by Merger Agreement Exchange Ratio

The company said the purchases were made on October 22, 2023 at prices that represent a discount to the price of Hess common stock implied in the exchange ratio under the Merger Agreement between Chevron and Hess.

Source · Based on the filing body and exhibits

Company Comments on Pending Hess Acquisition

Chevron said the purchases reflect its continuing confidence in the consummation of the pending Hess acquisition.

Source · Based on the filing body and exhibits

Hess Share Purchases Separate From Stock Buyback Program

Hess said the purchases of Hess common stock are separate from Chevron common stock repurchases under its stock repurchase program for the first quarter ending March 31, 2025. Hmm

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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