---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-25-000756"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T17:28:37.066491+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Chevron buys 15.38M Hess shares (4.99% stake) at discount to merger exchange ratio

## Summary
- Purchased 15.38M Hess shares Jan-Mar 2025, ~4.99% of outstanding Hess common stock as of Jan 31, 2025.
- Shares acquired in open market at prices below the implied exchange ratio from the Oct 22, 2023 Merger Agreement.
- Purchases signal Chevron's continued confidence that pending Hess acquisition will close.
- Added to Chevron's existing first-quarter 2025 stock repurchase program for its own shares.

## SEC filing metadata
- accession: 0000950142-25-000756
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000095014225000756/0000950142-25-000756-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000095014225000756/eh250599067_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-25-000756
- JSON: https://secwatch.observer/filing/0000950142-25-000756.json
- Plain text: https://secwatch.observer/filing/0000950142-25-000756.txt

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