Hess Corporation Seeks Up to $350,000 in Attorney Fees Post-Chevron Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2025
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Source: Globenewswire
- Fee Application: Hess Corporation intends to file for up to $350,000 in attorney fees and expenses following its merger with Chevron, aiming to secure corporate benefits for shareholders as a result of the litigation, reflecting the company's proactive legal strategy.
- Merger Agreement Context: In October 2023, Hess entered into a merger agreement with Chevron, which acquired all outstanding shares of Hess, with the transaction completed in July 2025, marking a significant strategic restructuring for the company.
- Shareholder Litigation Progress: Plaintiff George Assad filed a lawsuit in May 2024, alleging that the Hess Board failed to disclose material information regarding the merger, although defendants firmly deny any wrongdoing, highlighting the complexities of corporate governance.
- Court Proceedings Arrangement: The court issued an order in November 2025 retaining jurisdiction over the fee application, with written submissions from parties due by March 13, 2026, indicating the ongoing nature of legal proceedings and the emphasis on shareholder rights.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
