Chevron (NYSE: CVX) shares climbed 3.72% in pre-market trading on Friday, July 18, 2025, reaching $157.01, from the previous closing price of $151.38.
The sharp rise follows Chevron Corporation’s completion of its acquisition of Hess Corporation, having met all closing conditions and secured a favorable arbitration ruling on Hess’ offshore Guyana asset. As part of the merger agreement, Hess shareholders will receive 1.0250 Chevron shares for each Hess share, with Chevron issuing approximately 301 million common shares from its treasury.
