SAN RAMON (dpa-AFX) - Hess Corp. (HES) said that it has received approval
from its stockholders for the proposed merger with Chevron Corporation.

Completion of the merger remains subject to other closing conditions, including
expiration or termination of any applicable waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the
satisfactory resolution of ongoing arbitration proceedings regarding preemptive
rights in the Stabroek Block joint operating agreement.

In October 2023, Chevron agreed to acquire all of the outstanding shares of Hess
in an all-stock deal valued at $53 billion, or $171 per share. Hess shareholders
would receive 1.0250 shares of Chevron for each Hess share. The total enterprise
value, including debt, of the deal is $60 billion.



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