Hess Corporation's Compensation and Management Development Committee has approved the 2025 annual incentive targets and long-term incentive awards for its executives and employees. The annual incentive plan aligns pay with performance based on enterprise-level metrics and individual goals, covering areas such as environment, health and safety, controllable production, capital spending, and operating cash costs. The payout can range from 0% to 200% of the target, with a performance modifier of up to ±25% based on strategic execution, capital allocation, social responsibility, leadership, and sustainability.

Under the long-term incentive program, due to Hess's pending merger with Chevron, executives received restricted stock awards that vest over three years. These awards may be subject to accelerated vesting under specific termination conditions. The incentive plans are part of Hess's commitment to driving long-term shareholder value and operational excellence.