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Chevron Buys 5% of Hess Shares, Says Remains Confident in Merger
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Chevron Buys 5% of Hess Shares, Says Remains Confident in Merger
Mar 17, 2025 8:05 AM

10:32 AM EDT, 03/17/2025 (MT Newswires) -- Chevron ( CVX ) acquired 15.4 million shares of Hess (HESS) between January and March, representing about 4.99% of all outstanding shares as of Jan. 31, Chevron ( CVX ) said Monday in a regulatory filling.

The energy company said the purchases reflect its "continuing confidence in the consummation of the pending acquisition of Hess."

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