On the Record · Hess

Hess acquisitions, on the record

The businesses Hess bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Waha Concession in Libya Word for word“We completed the sale of our 8 % interest in the Waha Concession in Libya for net cash consideration of $ 150 million and recognized a pre-tax gain of $ 76 million ($ 76 million after income taxes).” 10-K for 2022	divestiture	—	net cash consideration of $ 150 million
real property related to our former downstream business Word for word“We also completed the sale of real property related to our former downstream business for cash consideration of $ 24 million and recognized a pre-tax gain of $ 22 million ($ 22 million after income taxes).” 10-K for 2022	divestiture	—	cash consideration of $ 24 million
Denmark interests Word for word“We completed the sale of our interests in Denmark for net cash consideration of approximately $ 130 million, after normal closing adjustments, and recognized a pre-tax gain of $ 29 million ($ 29 million after income taxes).” 10-K for 2022	divestiture	—	approximately $ 130 million
Little Knife and Murphy Creek nonstrategic acreage interests in the Bakken Word for word“In addition, we completed the sale of our Little Knife and Murphy Creek nonstrategic acreage interests in the Bakken for net cash consideration of $ 297 million, after normal closing adjustments.” 10-K for 2022	divestiture	—	$ 297 million
28 % working interest in the Shenzi Field in the deepwater Gulf of Mexico Word for word“We completed the sale of our 28 % working interest in the Shenzi Field in the deepwater Gulf of Mexico for proceeds of $ 482 million, after normal closing adjustments, and recognized a pre-tax gain of $ 79 million ($ 79 million after income taxes).” 10-K for 2022	divestiture	—	proceeds of $ 482 million
Interest in the Waha Concession in Libya Word for word“We completed the sale of our 8 % interest in the Waha Concession in Libya for net cash consideration of $ 150 million and recognized a pre-tax gain of $ 76 million ($ 76 million after income taxes).” 10-K for 2023	divestiture	—	net cash consideration of $ 150 million
Real property related to former downstream business Word for word“We also completed the sale of real property related to our former downstream business for cash consideration of $ 24 million and recognized a pre-tax gain of $ 22 million ($ 22 million after income taxes).” 10-K for 2023	divestiture	—	cash consideration of $ 24 million
Interests in Denmark Word for word“2021: We completed the sale of our interests in Denmark for net cash consideration of approximately $ 130 million, after normal closing adjustments, and recognized a pre-tax gain of $ 29 million ($ 29 million after income taxes).” 10-K for 2023	divestiture	2021	net cash consideration of approximately $ 130 million

Deal filings since 2016

2025-07-18 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2023-10-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-07-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-04-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-03-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-04-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-22 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2017-12-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Hess’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.