Hess Corporation (NYSE – HES)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Hess Corporation (NYSE – HES)

BALA CYNWYD – October 23, 2023 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Hess Corporation (“Hess” or the “Company”) (NYSE – HES) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Chevron Corporation (“Chevron”) (NYSE – CVX”), in an all-stock transaction valued at approximately $53 billion. Under the terms of the agreement, Hess stockholders will receive 1.0250 shares of Chevron stock for each share of Hess stock held, equating to $171.00 per share based on Chevron’s closing price on October 20, 2023.

The investigation concerns whether the Hess Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether Chevron is paying fair value to shareholders of the Company.

If you own shares of Hess stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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