Henley, who opened with back-to-back 63s, set the tournament's 36-hole and 72- hole scoring records, while he and Langley's 54-hole total was also a new tournament record.
Henley's total of 256 was four strokes better than the previous event mark of 260, that John Huston set in 1998 and Brad Faxon matched in 2001.
Returning to Waialae this week, Henley will defend his title against a field that will include world No. 2 Adam Scott and world No. 7 Matt Kuchar. Jason Dufner joins Scott and Kuchar in a field that will have six of the top 25 players in the world rankings competing this week.
Also in the field will be Tianlang Guan, who made history as the youngest player in Masters history last year. The field also includes 24 of the 25 Web.com graduates from last season, all but two of whom earned their tour cards via the Web.com Tour Finals.
Golf Channel has coverage of all four rounds this week.
The PGA Tour heads to California for the Humana Challenge next week, the first of four events in the next five weeks in the Golden State. Brian Gay won a 3- way playoff last year as he birdied the second playoff hole to beat Charles Howell III and David Lingmerth.
VOLVO GOLF CHAMPIONS, Durban Country Club, Durban, South Africa - Louis Oosthuizen fired a 6-under 66 in the final round last year and came from behind to win for the sixth time on the European Tour.
Scott Jamieson led Oosthuizen by five strokes entering the final round, but managed a final-round 72 to end alone in second. Jamieson had a costly double bogey on the fifth hole.
Oosthuizen had back-to-back birdies at 10 and 11. He moved two clear with a birdie at the 14th. He closed with a pair of pars, and watched to see if Jamieson could catch him.
Jamieson needed to eagle on the closing hole to force a playoff, but his eagle chip from left of the green came up an inch short.
Despite the loss, it was Jamieson's third straight top-3 finish to start the season. However, he only had two more top-10 finishes all season.
The field this week will include former major champions Padraig Harrington, Oosthuizen and Charl Schwartzel. This is the fourth year of the event and all three past champions are playing this week. Along with Oosthuizen, 2012 winner Branden Grace and 2011 champ Paul Casey will tee it up at Durban Country Club.
Golf Channel will have coverage of all four rounds this week.
The European Tour kicks off its 3-week desert swing next week with the Abu Dhabi HSBC Golf Championship, where Jamie Donaldson rallied to beat Justin Rose and Thorbjorn Olesen by a single stroke last year. Rose had led by two strokes entering the final round.