diff --git a/doc/api/v8.md b/doc/api/v8.md
index ab46699158aba7..efa153d6fc7592 100644
--- a/doc/api/v8.md
+++ b/doc/api/v8.md
@@ -562,8 +562,267 @@ added: v8.0.0
 A subclass of [`Deserializer`][] corresponding to the format written by
 [`DefaultSerializer`][].
 
+## Promise hooks
+
+The `promiseHooks` interface can be used to track promise lifecycle events.
+To track _all_ async activity, see [`async_hooks`][] which internally uses this
+module to produce promise lifecycle events in addition to events for other
+async resources. For request context management, see [`AsyncLocalStorage`][].
+
+```mjs
+import { promiseHooks } from 'v8';
+
+// There are four lifecycle events produced by promises:
+
+// The `init` event represents the creation of a promise. This could be a
+// direct creation such as with `new Promise(...)` or a continuation such
+// as `then()` or `catch()`. It also happens whenever an async function is
+// called or does an `await`. If a continuation promise is created, the
+// `parent` will be the promise it is a continuation from.
+function init(promise, parent) {
+  console.log('a promise was created', { promise, parent });
+}
+
+// The `settled` event happens when a promise receives a resolution or
+// rejection value. This may happen synchronously such as when using
+// `Promise.resolve()` on non-promise input.
+function settled(promise) {
+  console.log('a promise resolved or rejected', { promise });
+}
+
+// The `before` event runs immediately before a `then()` or `catch()` handler
+// runs or an `await` resumes execution.
+function before(promise) {
+  console.log('a promise is about to call a then handler', { promise });
+}
+
+// The `after` event runs immediately after a `then()` handler runs or when
+// an `await` begins after resuming from another.
+function after(promise) {
+  console.log('a promise is done calling a then handler', { promise });
+}
+
+// Lifecycle hooks may be started and stopped individually
+const stopWatchingInits = promiseHooks.onInit(init);
+const stopWatchingSettleds = promiseHooks.onSettled(settled);
+const stopWatchingBefores = promiseHooks.onBefore(before);
+const stopWatchingAfters = promiseHooks.onAfter(after);
+
+// Or they may be started and stopped in groups
+const stopHookSet = promiseHooks.createHook({
+  init,
+  settled,
+  before,
+  after
+});
+
+// To stop a hook, call the function returned at its creation.
+stopWatchingInits();
+stopWatchingSettleds();
+stopWatchingBefores();
+stopWatchingAfters();
+stopHookSet();
+```
+
+### `promiseHooks.onInit(init)`
+<!-- YAML
+added: REPLACEME
+-->
+
+* `init` {Function} The [`init` callback][] to call when a promise is created.
+* Returns: {Function} Call to stop the hook.
+
+**The `init` hook must be a plain function. Providing an async function will
+throw as it would produce an infinite microtask loop.**
+
+```mjs
+import { promiseHooks } from 'v8';
+
+const stop = promiseHooks.onInit((promise, parent) => {});
+```
+
+```cjs
+const { promiseHooks } = require('v8');
+
+const stop = promiseHooks.onInit((promise, parent) => {});
+```
+
+### `promiseHooks.onSettled(settled)`
+<!-- YAML
+added: REPLACEME
+-->
+
+* `settled` {Function} The [`settled` callback][] to call when a promise
+  is resolved or rejected.
+* Returns: {Function} Call to stop the hook.
+
+**The `settled` hook must be a plain function. Providing an async function will
+throw as it would produce an infinite microtask loop.**
+
+```mjs
+import { promiseHooks } from 'v8';
+
+const stop = promiseHooks.onSettled((promise) => {});
+```
+
+```cjs
+const { promiseHooks } = require('v8');
+
+const stop = promiseHooks.onSettled((promise) => {});
+```
+
+### `promiseHooks.onBefore(before)`
+<!-- YAML
+added: REPLACEME
+-->
+
+* `before` {Function} The [`before` callback][] to call before a promise
+  continuation executes.
+* Returns: {Function} Call to stop the hook.
+
+**The `before` hook must be a plain function. Providing an async function will
+throw as it would produce an infinite microtask loop.**
+
+```mjs
+import { promiseHooks } from 'v8';
+
+const stop = promiseHooks.onBefore((promise) => {});
+```
+
+```cjs
+const { promiseHooks } = require('v8');
+
+const stop = promiseHooks.onBefore((promise) => {});
+```
+
+### `promiseHooks.onAfter(after)`
+<!-- YAML
+added: REPLACEME
+-->
+
+* `after` {Function} The [`after` callback][] to call after a promise
+  continuation executes.
+* Returns: {Function} Call to stop the hook.
+
+**The `after` hook must be a plain function. Providing an async function will
+throw as it would produce an infinite microtask loop.**
+
+```mjs
+import { promiseHooks } from 'v8';
+
+const stop = promiseHooks.onAfter((promise) => {});
+```
+
+```cjs
+const { promiseHooks } = require('v8');
+
+const stop = promiseHooks.onAfter((promise) => {});
+```
+
+### `promiseHooks.createHook(callbacks)`
+<!-- YAML
+added: REPLACEME
+-->
+
+* `callbacks` {Object} The [Hook Callbacks][] to register
+  * `init` {Function} The [`init` callback][].
+  * `before` {Function} The [`before` callback][].
+  * `after` {Function} The [`after` callback][].
+  * `settled` {Function} The [`settled` callback][].
+* Returns: {Function} Used for disabling hooks
+
+**The hook callbacks must be plain functions. Providing async functions will
+throw as it would produce an infinite microtask loop.**
+
+Registers functions to be called for different lifetime events of each promise.
+
+The callbacks `init()`/`before()`/`after()`/`settled()` are called for the
+respective events during a promise's lifetime.
+
+All callbacks are optional. For example, if only promise creation needs to
+be tracked, then only the `init` callback needs to be passed. The
+specifics of all functions that can be passed to `callbacks` is in the
+[Hook Callbacks][] section.
+
+```mjs
+import { promiseHooks } from 'v8';
+
+const stopAll = promiseHooks.createHook({
+  init(promise, parent) {}
+});
+```
+
+```cjs
+const { promiseHooks } = require('v8');
+
+const stopAll = promiseHooks.createHook({
+  init(promise, parent) {}
+});
+```
+
+### Hook callbacks
+
+Key events in the lifetime of a promise have been categorized into four areas:
+creation of a promise, before/after a continuation handler is called or around
+an await, and when the promise resolves or rejects.
+
+While these hooks are similar to those of [`async_hooks`][] they lack a
+`destroy` hook. Other types of async resources typically represent sockets or
+file descriptors which have a distinct "closed" state to express the `destroy`
+lifecycle event while promises remain usable for as long as code can still
+reach them. Garbage collection tracking is used to make promises fit into the
+`async_hooks` event model, however this tracking is very expensive and they may
+not necessarily ever even be garbage collected.
+
+Because promises are asynchronous resources whose lifecycle is tracked
+via the promise hooks mechanism, the `init()`, `before()`, `after()`, and
+`settled()` callbacks *must not* be async functions as they create more
+promises which would produce an infinite loop.
+
+While this API is used to feed promise events into [`async_hooks`][], the
+ordering between the two is considered undefined. Both APIs are multi-tenant
+and therefore could produce events in any order relative to each other.
+
+#### `init(promise, parent)`
+
+* `promise` {Promise} The promise being created.
+* `parent` {Promise} The promise continued from, if applicable.
+
+Called when a promise is constructed. This _does not_ mean that corresponding
+`before`/`after` events will occur, only that the possibility exists. This will
+happen if a promise is created without ever getting a continuation.
+
+#### `before(promise)`
+
+* `promise` {Promise}
+
+Called before a promise continuation executes. This can be in the form of
+`then()`, `catch()`, or `finally()` handlers or an `await` resuming.
+
+The `before` callback will be called 0 to N times. The `before` callback
+will typically be called 0 times if no continuation was ever made for the
+promise. The `before` callback may be called many times in the case where
+many continuations have been made from the same promise.
+
+#### `after(promise)`
+
+* `promise` {Promise}
+
+Called immediately after a promise continuation executes. This may be after a
+`then()`, `catch()`, or `finally()` handler or before an `await` after another
+`await`.
+
+#### `settled(promise)`
+
+* `promise` {Promise}
+
+Called when the promise receives a resolution or rejection value. This may
+occur synchronously in the case of `Promise.resolve()` or `Promise.reject()`.
+
 [HTML structured clone algorithm]: https://developer.mozilla.org/en-US/docs/Web/API/Web_Workers_API/Structured_clone_algorithm
+[Hook Callbacks]: #hook_callbacks
 [V8]: https://developers.google.com/v8/
+[`AsyncLocalStorage`]: async_context.md#class_asynclocalstorage
 [`Buffer`]: buffer.md
 [`DefaultDeserializer`]: #class-v8defaultdeserializer
 [`DefaultSerializer`]: #class-v8defaultserializer
@@ -573,15 +832,20 @@ A subclass of [`Deserializer`][] corresponding to the format written by
 [`GetHeapSpaceStatistics`]: https://v8docs.nodesource.com/node-13.2/d5/dda/classv8_1_1_isolate.html#ac673576f24fdc7a33378f8f57e1d13a4
 [`NODE_V8_COVERAGE`]: cli.md#node_v8_coveragedir
 [`Serializer`]: #class-v8serializer
+[`after` callback]: #after_promise
+[`async_hooks`]: async_hooks.md
+[`before` callback]: #before_promise
 [`buffer.constants.MAX_LENGTH`]: buffer.md#bufferconstantsmax_length
 [`deserializer._readHostObject()`]: #deserializer_readhostobject
 [`deserializer.transferArrayBuffer()`]: #deserializertransferarraybufferid-arraybuffer
+[`init` callback]: #init_promise_parent
 [`serialize()`]: #v8serializevalue
 [`serializer._getSharedArrayBufferId()`]: #serializer_getsharedarraybufferidsharedarraybuffer
 [`serializer._writeHostObject()`]: #serializer_writehostobjectobject
 [`serializer.releaseBuffer()`]: #serializerreleasebuffer
 [`serializer.transferArrayBuffer()`]: #serializertransferarraybufferid-arraybuffer
 [`serializer.writeRawBytes()`]: #serializerwriterawbytesbuffer
+[`settled` callback]: #settled_promise
 [`v8.stopCoverage()`]: #v8stopcoverage
 [`v8.takeCoverage()`]: #v8takecoverage
 [`vm.Script`]: vm.md#new-vmscriptcode-options
diff --git a/lib/internal/async_hooks.js b/lib/internal/async_hooks.js
index 9aacf4b3bab7c4..390453ca7b8aa9 100644
--- a/lib/internal/async_hooks.js
+++ b/lib/internal/async_hooks.js
@@ -8,6 +8,8 @@ const {
   Symbol,
 } = primordials;
 
+const promiseHooks = require('internal/promise_hooks');
+
 const async_wrap = internalBinding('async_wrap');
 const { setCallbackTrampoline } = async_wrap;
 /* async_hook_fields is a Uint32Array wrapping the uint32_t array of
@@ -51,8 +53,6 @@ const {
   executionAsyncResource: executionAsyncResource_,
   clearAsyncIdStack,
 } = async_wrap;
-// For performance reasons, only track Promises when a hook is enabled.
-const { setPromiseHooks } = async_wrap;
 // Properties in active_hooks are used to keep track of the set of hooks being
 // executed in case another hook is enabled/disabled. The new set of hooks is
 // then restored once the active set of hooks is finished executing.
@@ -374,6 +374,7 @@ function enableHooks() {
   async_hook_fields[kCheck] += 1;
 }
 
+let stopPromiseHook;
 function updatePromiseHookMode() {
   wantPromiseHook = true;
   let initHook;
@@ -383,12 +384,13 @@ function updatePromiseHookMode() {
   } else if (destroyHooksExist()) {
     initHook = destroyTracking;
   }
-  setPromiseHooks(
-    initHook,
-    promiseBeforeHook,
-    promiseAfterHook,
-    promiseResolveHooksExist() ? promiseResolveHook : undefined,
-  );
+  if (stopPromiseHook) stopPromiseHook();
+  stopPromiseHook = promiseHooks.createHook({
+    init: initHook,
+    before: promiseBeforeHook,
+    after: promiseAfterHook,
+    settled: promiseResolveHooksExist() ? promiseResolveHook : undefined
+  });
 }
 
 function disableHooks() {
@@ -402,8 +404,8 @@ function disableHooks() {
 }
 
 function disablePromiseHookIfNecessary() {
-  if (!wantPromiseHook) {
-    setPromiseHooks(undefined, undefined, undefined, undefined);
+  if (!wantPromiseHook && stopPromiseHook) {
+    stopPromiseHook();
   }
 }
 
diff --git a/lib/internal/promise_hooks.js b/lib/internal/promise_hooks.js
new file mode 100644
index 00000000000000..be70879cbcbb93
--- /dev/null
+++ b/lib/internal/promise_hooks.js
@@ -0,0 +1,125 @@
+'use strict';
+
+const {
+  ArrayPrototypeIndexOf,
+  ArrayPrototypeSlice,
+  ArrayPrototypeSplice,
+  ArrayPrototypePush,
+  FunctionPrototypeBind
+} = primordials;
+
+const { setPromiseHooks } = internalBinding('async_wrap');
+const { triggerUncaughtException } = internalBinding('errors');
+
+const { validatePlainFunction } = require('internal/validators');
+
+const hooks = {
+  init: [],
+  before: [],
+  after: [],
+  settled: []
+};
+
+function initAll(promise, parent) {
+  const hookSet = ArrayPrototypeSlice(hooks.init);
+  const exceptions = [];
+
+  for (let i = 0; i < hookSet.length; i++) {
+    const init = hookSet[i];
+    try {
+      init(promise, parent);
+    } catch (err) {
+      ArrayPrototypePush(exceptions, err);
+    }
+  }
+
+  // Triggering exceptions is deferred to allow other hooks to complete
+  for (let i = 0; i < exceptions.length; i++) {
+    const err = exceptions[i];
+    triggerUncaughtException(err, false);
+  }
+}
+
+function makeRunHook(list) {
+  return (promise) => {
+    const hookSet = ArrayPrototypeSlice(list);
+    const exceptions = [];
+
+    for (let i = 0; i < hookSet.length; i++) {
+      const hook = hookSet[i];
+      try {
+        hook(promise);
+      } catch (err) {
+        ArrayPrototypePush(exceptions, err);
+      }
+    }
+
+    // Triggering exceptions is deferred to allow other hooks to complete
+    for (let i = 0; i < exceptions.length; i++) {
+      const err = exceptions[i];
+      triggerUncaughtException(err, false);
+    }
+  };
+}
+
+const beforeAll = makeRunHook(hooks.before);
+const afterAll = makeRunHook(hooks.after);
+const settledAll = makeRunHook(hooks.settled);
+
+function maybeFastPath(list, runAll) {
+  return list.length > 1 ? runAll : list[0];
+}
+
+function update() {
+  const init = maybeFastPath(hooks.init, initAll);
+  const before = maybeFastPath(hooks.before, beforeAll);
+  const after = maybeFastPath(hooks.after, afterAll);
+  const settled = maybeFastPath(hooks.settled, settledAll);
+  setPromiseHooks(init, before, after, settled);
+}
+
+function stop(list, hook) {
+  const index = ArrayPrototypeIndexOf(list, hook);
+  if (index >= 0) {
+    ArrayPrototypeSplice(list, index, 1);
+    update();
+  }
+}
+
+function makeUseHook(name) {
+  const list = hooks[name];
+  return (hook) => {
+    validatePlainFunction(hook, `${name}Hook`);
+    ArrayPrototypePush(list, hook);
+    update();
+    return FunctionPrototypeBind(stop, null, list, hook);
+  };
+}
+
+const onInit = makeUseHook('init');
+const onBefore = makeUseHook('before');
+const onAfter = makeUseHook('after');
+const onSettled = makeUseHook('settled');
+
+function createHook({ init, before, after, settled } = {}) {
+  const hooks = [];
+
+  if (init) ArrayPrototypePush(hooks, onInit(init));
+  if (before) ArrayPrototypePush(hooks, onBefore(before));
+  if (after) ArrayPrototypePush(hooks, onAfter(after));
+  if (settled) ArrayPrototypePush(hooks, onSettled(settled));
+
+  return () => {
+    for (const stop of hooks) {
+      stop();
+    }
+  };
+}
+
+module.exports = {
+  createHook,
+  onInit,
+  onBefore,
+  onAfter,
+  onSettled
+};
diff --git a/lib/internal/validators.js b/lib/internal/validators.js
index 81329160f07323..9fed5b363db9cb 100644
--- a/lib/internal/validators.js
+++ b/lib/internal/validators.js
@@ -28,6 +28,7 @@ const {
 } = require('internal/errors');
 const { normalizeEncoding } = require('internal/util');
 const {
+  isAsyncFunction,
   isArrayBufferView
 } = require('internal/util/types');
 const { signals } = internalBinding('constants').os;
@@ -237,6 +238,11 @@ const validateFunction = hideStackFrames((value, name) => {
     throw new ERR_INVALID_ARG_TYPE(name, 'Function', value);
 });
 
+const validatePlainFunction = hideStackFrames((value, name) => {
+  if (typeof value !== 'function' || isAsyncFunction(value))
+    throw new ERR_INVALID_ARG_TYPE(name, 'Function', value);
+});
+
 const validateUndefined = hideStackFrames((value, name) => {
   if (value !== undefined)
     throw new ERR_INVALID_ARG_TYPE(name, 'undefined', value);
@@ -256,6 +262,7 @@ module.exports = {
   validateNumber,
   validateObject,
   validateOneOf,
+  validatePlainFunction,
   validatePort,
   validateSignalName,
   validateString,
diff --git a/lib/v8.js b/lib/v8.js
index a7ae0cabbb3cd9..381baaebb1f909 100644
--- a/lib/v8.js
+++ b/lib/v8.js
@@ -57,6 +57,7 @@ const {
   triggerHeapSnapshot
 } = internalBinding('heap_utils');
 const { HeapSnapshotStream } = require('internal/heap_utils');
+const promiseHooks = require('internal/promise_hooks');
 
 /**
  * Generates a snapshot of the current V8 heap
@@ -361,4 +362,5 @@ module.exports = {
   stopCoverage: profiler.stopCoverage,
   serialize,
   writeHeapSnapshot,
+  promiseHooks,
 };
diff --git a/test/parallel/test-bootstrap-modules.js b/test/parallel/test-bootstrap-modules.js
index b68a262103c7e8..64cc8a5f165a7c 100644
--- a/test/parallel/test-bootstrap-modules.js
+++ b/test/parallel/test-bootstrap-modules.js
@@ -96,6 +96,7 @@ const expectedModules = new Set([
   'NativeModule internal/process/signal',
   'NativeModule internal/process/task_queues',
   'NativeModule internal/process/warning',
+  'NativeModule internal/promise_hooks',
   'NativeModule internal/querystring',
   'NativeModule internal/source_map/source_map_cache',
   'NativeModule internal/stream_base_commons',
diff --git a/test/parallel/test-promise-hook-create-hook.js b/test/parallel/test-promise-hook-create-hook.js
new file mode 100644
index 00000000000000..543f67da486065
--- /dev/null
+++ b/test/parallel/test-promise-hook-create-hook.js
@@ -0,0 +1,82 @@
+'use strict';
+const common = require('../common');
+const assert = require('assert');
+const { promiseHooks } = require('v8');
+
+for (const hook of ['init', 'before', 'after', 'settled']) {
+  assert.throws(() => {
+    promiseHooks.createHook({
+      [hook]: async function() { }
+    });
+  }, new RegExp(`The "${hook}Hook" argument must be of type function`));
+
+  assert.throws(() => {
+    promiseHooks.createHook({
+      [hook]: async function*() { }
+    });
+  }, new RegExp(`The "${hook}Hook" argument must be of type function`));
+}
+
+let init;
+let initParent;
+let before;
+let after;
+let settled;
+
+const stop = promiseHooks.createHook({
+  init: common.mustCall((promise, parent) => {
+    init = promise;
+    initParent = parent;
+  }, 3),
+  before: common.mustCall((promise) => {
+    before = promise;
+  }, 2),
+  after: common.mustCall((promise) => {
+    after = promise;
+  }, 1),
+  settled: common.mustCall((promise) => {
+    settled = promise;
+  }, 2)
+});
+
+// Clears state on each check so only the delta needs to be checked.
+function assertState(expectedInit, expectedInitParent, expectedBefore,
+                     expectedAfter, expectedSettled) {
+  assert.strictEqual(init, expectedInit);
+  assert.strictEqual(initParent, expectedInitParent);
+  assert.strictEqual(before, expectedBefore);
+  assert.strictEqual(after, expectedAfter);
+  assert.strictEqual(settled, expectedSettled);
+  init = undefined;
+  initParent = undefined;
+  before = undefined;
+  after = undefined;
+  settled = undefined;
+}
+
+const parent = Promise.resolve(1);
+// After calling `Promise.resolve(...)`, the returned promise should have
+// produced an init event with no parent and a settled event.
+assertState(parent, undefined, undefined, undefined, parent);
+
+const child = parent.then(() => {
+  // When a callback to `promise.then(...)` is called, the promise it resolves
+  // to should have produced a before event to mark the start of this callback.
+  assertState(undefined, undefined, child, undefined, undefined);
+});
+// After calling `promise.then(...)`, the returned promise should have
+// produced an init event with a parent of the promise the `then(...)`
+// was called on.
+assertState(child, parent);
+
+const grandChild = child.then(() => {
+  // Since the check for the before event in the `then(...)` call producing the
+  // `child` promise, there should have been both a before event for this
+  // promise but also settled and after events for the `child` promise.
+  assertState(undefined, undefined, grandChild, child, child);
+  stop();
+});
+// After calling `promise.then(...)`, the returned promise should have
+// produced an init event with a parent of the promise the `then(...)`
+// was called on.
+assertState(grandChild, child);
diff --git a/test/parallel/test-promise-hook-exceptions.js b/test/parallel/test-promise-hook-exceptions.js
new file mode 100644
index 00000000000000..d1251502d840b9
--- /dev/null
+++ b/test/parallel/test-promise-hook-exceptions.js
@@ -0,0 +1,31 @@
+'use strict';
+const common = require('../common');
+const assert = require('assert');
+const { promiseHooks } = require('v8');
+
+const expected = [];
+
+function testHook(name) {
+  const hook = promiseHooks[name];
+  const error = new Error(`${name} error`);
+
+  const stop = hook(common.mustCall(() => {
+    stop();
+    throw error;
+  }));
+
+  expected.push(error);
+}
+
+process.on('uncaughtException', common.mustCall((received) => {
+  assert.strictEqual(received, expected.shift());
+}, 4));
+
+testHook('onInit');
+testHook('onSettled');
+testHook('onBefore');
+testHook('onAfter');
+
+const stop = promiseHooks.onInit(common.mustCall(() => {}, 2));
+
+Promise.resolve().then(stop);
diff --git a/test/parallel/test-promise-hook-on-after.js b/test/parallel/test-promise-hook-on-after.js
new file mode 100644
index 00000000000000..5785a8c40dc72a
--- /dev/null
+++ b/test/parallel/test-promise-hook-on-after.js
@@ -0,0 +1,29 @@
+'use strict';
+const common = require('../common');
+const assert = require('assert');
+const { promiseHooks } = require('v8');
+
+assert.throws(() => {
+  promiseHooks.onAfter(async function() { });
+}, /The "afterHook" argument must be of type function/);
+
+assert.throws(() => {
+  promiseHooks.onAfter(async function*() { });
+}, /The "afterHook" argument must be of type function/);
+
+let seen;
+
+const stop = promiseHooks.onAfter(common.mustCall((promise) => {
+  seen = promise;
+}, 1));
+
+const promise = Promise.resolve().then(() => {
+  assert.strictEqual(seen, undefined);
+});
+
+promise.then(() => {
+  assert.strictEqual(seen, promise);
+  stop();
+});
+
+assert.strictEqual(seen, undefined);
diff --git a/test/parallel/test-promise-hook-on-before.js b/test/parallel/test-promise-hook-on-before.js
new file mode 100644
index 00000000000000..b732bc2494411a
--- /dev/null
+++ b/test/parallel/test-promise-hook-on-before.js
@@ -0,0 +1,27 @@
+'use strict';
+const common = require('../common');
+const assert = require('assert');
+const { promiseHooks } = require('v8');
+
+assert.throws(() => {
+  promiseHooks.onBefore(async function() { });
+}, /The "beforeHook" argument must be of type function/);
+
+assert.throws(() => {
+  promiseHooks.onBefore(async function*() { });
+}, /The "beforeHook" argument must be of type function/);
+
+let seen;
+
+const stop = promiseHooks.onBefore(common.mustCall((promise) => {
+  seen = promise;
+}, 1));
+
+const promise = Promise.resolve().then(() => {
+  assert.strictEqual(seen, promise);
+  stop();
+});
+
+promise.then();
+
+assert.strictEqual(seen, undefined);
diff --git a/test/parallel/test-promise-hook-on-init.js b/test/parallel/test-promise-hook-on-init.js
new file mode 100644
index 00000000000000..de49f7f34dc72d
--- /dev/null
+++ b/test/parallel/test-promise-hook-on-init.js
@@ -0,0 +1,37 @@
+'use strict';
+const common = require('../common');
+const assert = require('assert');
+const { promiseHooks } = require('v8');
+
+assert.throws(() => {
+  promiseHooks.onInit(async function() { });
+}, /The "initHook" argument must be of type function/);
+
+assert.throws(() => {
+  promiseHooks.onInit(async function*() { });
+}, /The "initHook" argument must be of type function/);
+
+let seenPromise;
+let seenParent;
+
+const stop = promiseHooks.onInit(common.mustCall((promise, parent) => {
+  seenPromise = promise;
+  seenParent = parent;
+}, 2));
+
+const parent = Promise.resolve();
+assert.strictEqual(seenPromise, parent);
+assert.strictEqual(seenParent, undefined);
+
+const child = parent.then();
+assert.strictEqual(seenPromise, child);
+assert.strictEqual(seenParent, parent);
+
+seenPromise = undefined;
+seenParent = undefined;
+
+stop();
+
+Promise.resolve();
+assert.strictEqual(seenPromise, undefined);
+assert.strictEqual(seenParent, undefined);
diff --git a/test/parallel/test-promise-hook-on-resolve.js b/test/parallel/test-promise-hook-on-resolve.js
new file mode 100644
index 00000000000000..45bfb8ca409d26
--- /dev/null
+++ b/test/parallel/test-promise-hook-on-resolve.js
@@ -0,0 +1,59 @@
+'use strict';
+const common = require('../common');
+const assert = require('assert');
+const { promiseHooks } = require('v8');
+
+assert.throws(() => {
+  promiseHooks.onSettled(async function() { });
+}, /The "settledHook" argument must be of type function/);
+
+assert.throws(() => {
+  promiseHooks.onSettled(async function*() { });
+}, /The "settledHook" argument must be of type function/);
+
+let seen;
+
+const stop = promiseHooks.onSettled(common.mustCall((promise) => {
+  seen = promise;
+}, 4));
+
+// Constructor resolve triggers hook
+const promise = new Promise((resolve, reject) => {
+  assert.strictEqual(seen, undefined);
+  setImmediate(() => {
+    resolve();
+    assert.strictEqual(seen, promise);
+    seen = undefined;
+
+    constructorReject();
+  });
+});
+
+// Constructor reject triggers hook
+function constructorReject() {
+  const promise = new Promise((resolve, reject) => {
+    assert.strictEqual(seen, undefined);
+    setImmediate(() => {
+      reject();
+      assert.strictEqual(seen, promise);
+      seen = undefined;
+
+      simpleResolveReject();
+    });
+  });
+  promise.catch(() => {});
+}
+
+// Sync resolve/reject helpers trigger hook
+function simpleResolveReject() {
+  const resolved = Promise.resolve();
+  assert.strictEqual(seen, resolved);
+  seen = undefined;
+
+  const rejected = Promise.reject();
+  assert.strictEqual(seen, rejected);
+  seen = undefined;
+
+  stop();
+  rejected.catch(() => {});
+}