Hess Announces Second Quarter Earnings Release and Postpones Conference Call Due to Chevron Acquisition

Hess Corporation will release its Q2 earnings press release on July 30, but will not hold a conference call due to the definitive agreement for Chevron to acquire the company, subject to closing conditions. The company is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.

Hess Corporation (NYSE: HES), a leading global independent energy company, has announced that it will release its second quarter (Q2) earnings press release on Wednesday, July 30, 2025. Notably, the company will not hold a conference call to discuss the earnings, citing the definitive agreement for Chevron Corporation (NYSE: CVX) to acquire Hess, subject to closing conditions [1].

The absence of a conference call is likely due to the ongoing arbitration process over Chevron's acquisition of Hess. The International Chamber of Commerce (ICC) is currently reviewing the arbitration decision, which will determine whether Chevron can finalize the acquisition or if Exxon Mobil Corporation (NYSE: XOM) and China's state-owned firm CNOOC have the right to block the deal [2].

The acquisition is significant for Chevron, as it would give the company access to Hess' 30% stake in the Stabroek block, a massive offshore oilfield in Guyana. This asset is crucial for Chevron's strategy to bolster declining reserves and enhance long-term growth, given that Chevron's reserve replacement ratio (RRR) fell to -4 in 2024 [2].

Hess' earnings report will likely focus on its operations in Guyana, where the company has seen substantial growth in production and profits. The startup of the fourth FPSO (Floating Production, Storage, and Offloading unit) in the second half of the fiscal year is expected to increase production by approximately 50% [3]. This growth is likely to continue as the partnership plans to deliver one FPSO per year to increase production.

However, the stock price of Hess has mirrored Chevron's stock price action since the acquisition offer was made. This is due to Chevron's larger size and the fact that Guyana production increases are not as significant to Chevron as they are to Hess shareholders. Despite the positive earnings comparisons, Hess shareholders would likely have done better had an offer not been made [3].

In conclusion, Hess' Q2 earnings report will provide investors with insights into the company's performance, particularly in Guyana. However, the acquisition process with Chevron remains uncertain, and the arbitration decision will have significant implications for the deal's outcome.

References:

[1] Hess Corporation (NYSE: HES) schedules earnings release date, Business Wire, July 9, 2025. [https://www.businesswire.com/news/home/20250709808345/en/](https://www.businesswire.com/news/home/20250709808345/en/)

[2] Final decision reached on Chevron's disputed Hess acquisition, Nasdaq, July 6, 2025. [https://www.nasdaq.com/articles/final-decision-reached-chevrons-disputed-hess-acquisition](https://www.nasdaq.com/articles/final-decision-reached-chevrons-disputed-hess-acquisition)

[3] Hess Corporation: Climax ahead, Seeking Alpha, July 6, 2025. [https://seekingalpha.com/article/4799567-hess-corporation-climax-ahead](https://seekingalpha.com/article/4799567-hess-corporation-climax-ahead)