Chevron closes Hess acquisition
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Block shares surged in extended trading Friday, after S&P Dow Jones Indices said the digital payments provider will be replacing Hess in the benchmark S&P 500 Index next week.
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation’s offshore oil assets in the South American nation of Guyana.
Hess Midstream offers stable returns via a fee-based model and Hess Corp partnership, but risks like concentration and debt loom. See more on HESM here.
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Barchart on MSNHess Corporation's Q2 2025 Earnings: What to ExpectHess Corporation is expected to announce its fiscal second-quarter earnings later this month, and analysts project a double-digit earnings drop.
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Cryptopolitan on MSNJack Dorsey's Block is joining the S&P 500, stock surges by 10%Block is getting bumped up to the S&P 500, and investors are not wasting time reacting. On Friday, shares of the company jumped more than 10% after hours, according to S&P Global, which announced that Block will replace Hess in the index starting before the opening bell on July 23.
Hess Corporation awaits a key arbitration ruling as Guyana growth accelerates, despite limited disclosures and communication. See why HES stock is a strong buy.