HESS CORP: directors' dealings · United States · SEC (Form 4)

About HESS CORP

Hess Corp. (NYSE: HES) was a U.S.-listed energy company headquartered in New York, United States, that became widely known among equity investors for its focused exploration-and-production profile and its exposure to high-quality long-life oil assets. The company was founded in 1920, and over time it evolved into an independent upstream producer with a portfolio built around oil and gas development rather than downstream scale. In 2025, Hess ceased to operate as an independent listed company after Chevron completed its acquisition of the business, following the resolution of the key Guyana-related arbitration issue. ([investors.hess.com](https://investors.hess.com/Annual-Reports)) Prior to the transaction, Hess described itself as a global E&P company engaged in the exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids and natural gas. Its core operating footprint included onshore U.S. production in the Bakken shale play in North Dakota, offshore Guyana, and additional upstream exposure in the Malaysia/Thailand Joint Development Area and Malaysia. Hess also had a midstream segment, through its approximate ownership interest in Hess Midstream LP, that delivered fee-based services such as gas gathering, compression and processing, NGL fractionation, crude oil and NGL gathering, terminaling, loading, transportation, propane storage and water handling, primarily in the Bakken. ([sec.gov](https://www.sec.gov/Archives/edgar/data/4447/000162828025008716/hes-20241231.htm?utm_source=openai)) From a competitive standpoint, Hess was differentiated by the quality of its growth assets, especially Guyana, which became one of the most closely watched offshore oil developments globally. The company also benefited from strong operating momentum in the Bakken, where it had been scaling production and infrastructure. Its 2024 disclosures highlighted several milestones: annual Bakken production above 200,000 boepd, sanctioning of a sixth Guyana development, improved operating cash flow, debt reduction and continued reserve replacement. These elements supported Hess’s reputation as a disciplined capital allocator with a growth-oriented reserve base. ([sec.gov](https://www.sec.gov/Archives/edgar/data/4447/000119312525073397/d763357ddef14a1.pdf?utm_source=openai)) For French-speaking investors in France, Belgium and Switzerland, Hess should be viewed historically as a premium upstream name on the NYSE in the United States, with a business model centered on resource growth, project execution and cash generation rather than broad integrated refining or retail operations. A legacy association with the Hess brand and retail fuel network existed in the past, but the recent investment case was overwhelmingly driven by upstream oil development and midstream fee-based infrastructure. The most important recent development is therefore corporate transformation: as of July 2025, the standalone Hess equity story ended with Chevron’s closing acquisition, making historical SEC filings and insider Form 4 activity primarily relevant for archival review rather than for a live public-equity valuation thesis. ([chevron.com](https://www.chevron.com/newsroom/2025/q3/chevron-completes-acquisition-of-hess-corporation?utm_source=openai))