Houston American Energy Corp. shares fall 2.96% after-hours as Chevron completes $53B Hess acquisition.

Houston American Energy Corp. dropped 2.96% in after-hours trading. The decline may be attributed to the broader market sentiment in the energy sector, as Chevron's acquisition of Hess, a significant event in the industry, did not directly impact Houston American Energy Corp. Additionally, Schlumberger's lower earnings and revenue in the second quarter amid softer upstream spending may have contributed to the negative sentiment in the energy sector.