---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-002670"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T17:55:37.594728+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Chevron to acquire Hess in all-stock merger; each Hess share gets 1.025 Chevron shares

## Summary
- Hess shareholders to receive 1.025 Chevron shares per share of Hess common stock.
- John B. Hess, owner of ~9.5% of Hess shares (29.2M shares), agrees to vote in favor via Voting and Support Agreement.
- Boards of both companies unanimously approved the merger; expected close by early 2024 subject to approvals.
- Transaction conditioned on Hess stockholder adoption, HSR waiting period expiration, and other customary conditions.
- Termination fee of $1.715B payable by Hess if it terminates for a superior proposal or changes recommendation.

## SEC filing metadata
- accession: 0000950142-23-002670
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000095014223002670/0000950142-23-002670-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000095014223002670/eh230413259_8k-agmt.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-002670
- JSON: https://secwatch.observer/filing/0000950142-23-002670.json
- Plain text: https://secwatch.observer/filing/0000950142-23-002670.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.