Hess Trading Volume Surges 78.76% to $419 Million, Ranks 228th in Daily Turnover as Chevron Acquisition Looms

On May 27, 2025, Hess (HES) experienced a significant increase in trading volume, with a turnover of $419 million, marking a 78.76% rise from the previous day. This surge placed Hess at the 228th position in terms of trading volume for the day. The stock price of Hess rose by 0.93%, marking the second consecutive day of gains, with a total increase of 1.97% over the past two days.

Warren Buffett, the renowned investor, has expressed concerns about the current state of the stock market and the economy. His investment firm, Berkshire Hathaway, has been net sellers of stocks for ten consecutive quarters, resulting in a substantial increase in cash holdings to $347 billion. This trend indicates a cautious approach to the market, with Buffett focusing on value and dividend stocks.

One of the key developments impacting Hess is the acquisition agreement with Chevron. Chevron has announced plans to acquire all outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron stock for each Hess share held. The total enterprise value of the transaction, including debt, is $60 billion. The Federal Trade Commission approved the deal last October, and it is expected to close this summer.