Hess

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Hess reports robust performance in 2022, eyes growth in Guyana

Hess is well-positioned for growth with strong operational and financial performance, supported by a focus on sustainability and shareholder value.
Challenges include managing cost pressures and operational targets, but opportunities in Guyana and Bakken offer avenues for future growth and value creation.
The company's strategic approach to exploration, hedging, and shareholder returns reflects a balanced strategy aimed at long-term success and value creation.

Hess reports robust Q1 performance, eyes growth in exploration

Hess showcased strong operational performance and strategic focus on high-return growth areas.
Analysts probed on cost trends, exploration risks, and the company's financial resilience.
The company's partnership with Hess Midstream and exploration plans offer growth opportunities.
Overall, Hess's Q1 2023 earnings call highlighted a mix of performance, challenges, and growth prospects.

Hess reports strong operational performance and growth opportunities ahead

Hess showcased strong operational performance with production successes in key regions and strategic focus on profitable growth.
Despite financial challenges in Q2 2023, the company aims for industry-leading cash flow growth through 2027 and shareholder value enhancement.
Opportunities lie in Guyana FPSO developments, Pickerel discovery profitability, and Gulf of Mexico subsalt exploration advancements.
Challenges include lower earnings, energy transition gaps, operational optimizations, and maintaining cash flow in Southeast Asia.

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NEW YORK--(BUSINESS WIRE)--Hess to Participate in Wolfe Research Oil & Gas Conference.

Hess to Participate in Wolfe Research Oil & Gas Conference

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Focus: Chevron CEO under pressure to halt share slide as Hess deal stalls

Hess reported unfavorable United States results and has for some time. Hess Midstream services the largest part of the United States business. Clearly, the profitability situation needs to be fixed.

Hess Midstream Operations Are Great And Overshadowed By The Acquisition

HES' Q3 earnings benefit from higher oil-equivalent production. The company also raised its full-year 2024 capital expenditure guidance.

Hess Q3 Earnings Beat Estimates, Revenues Rise Year Over Year

Hess (HES) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.64 per share a year ago.

Hess (HES) Tops Q3 Earnings and Revenue Estimates

Hess Corp beat estimates for third-quarter profit on Wednesday, helped by higher oil production in Guyana.

Hess posts quarterly profit beat as Guyana oil output stays strong

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today reported net income of $498 million, or $1.62 per share, in the third quarter of 2024, compared with net income of $504 million, or $1.64 per share, in the third quarter of 2023. On an adjusted basis, the Corporation reported net income of $660 million, or $2.14 per share, in the third quarter of 2024. The increase in adjusted after-tax earnings compared with the prior-year quarter primarily reflects higher production volumes, partia.

Hess Reports Estimated Results for the Third Quarter of 2024

TORONTO--(BUSINESS WIRE)-- #EnablingGrowth--PureFacts Financial Solutions (“PureFacts”), an award-winning provider of end-to-end revenue management solutions for the wealth and asset management industry, announces the appointment of Pete Hess as President. Hess' hiring follows the completion of a strategic investment from GrowthCurve Capital (“GrowthCurve”), a private equity firm focused on building businesses through data, analytics and machine learning, combined with a comprehensive approach to human capital.

PureFacts Names FinTech Veteran Pete Hess as President

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HES' Q3 earnings are likely to have been affected by a drop in crude prices and an increase in input costs.

Hess Corporation to Report Q3 Earnings: What to Expect?

Hess (HES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Hess (HES) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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With so many news items clamoring for investors' attention, investors may not have noticed that the U.S. Federal Trade Commission (FTC) approved the merger between Chevron Corporation CVX and Hess Corp. HES. The approval came with the single stipulation that former Hess chief executive officer (CEO) would not join Chevron's board of directors.

Chevron-Hess Merger Approved: Should You Buy Before Earnings?

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NEW YORK--(BUSINESS WIRE)--Hess Schedules Earnings Release Date.

Hess Schedules Earnings Release Date

Hess Corporation  HES and Chevron Corporation  CVX shares are trading higher on Tuesday.

Analyst Questions 'What Could Hess Be Worth?' As Chevron Advances In Acquisition Efforts

CVX's merger with Hess clears FTC review but John Hess steps into an advisory role after the FTC blocks his board appointment over OPEC-related concerns.

Chevron-Hess Merger Advances, FTC Blocks John Hess' Board Role

The Federal Trade Commission (FTC) on Monday cleared Chevron's (CVX) $53 billion acquisition of Hess (HES), but barred Hess CEO John Hess from joining Chevron's board, citing concerns about his previous communications with Organization of Petroleum Exporting Countries (OPEC) officials.

FTC Clears Chevron-Hess Merger, But Bans Hess CEO From Joining Board

The FTC on Monday alleged that John Hess encouraged senior officials at OPEC to draw down inventories, which would result in higher oil prices. Hess Corp. and Chevron have agreed that they will not appoint Hess to the board in order to facilitate the completion of the merger.

FTC clears Chevron-Hess deal, bans John Hess from board

NEW YORK--(BUSINESS WIRE)--Hess Announces HSR Clearance Of Chevron-Hess Merger.

Hess Announces HSR Clearance Of Chevron-Hess Merger

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the Federal Trade Commission (FTC) completed antitrust review of the company's merger with Hess Corporation (NYSE: HES), satisfying a key closing condition for the transaction. “This is an important step toward completing the merger, which will benefit our shareholders, the industry, and the country of Guyana, and add world class assets to our already advantaged portfolio,” said Chevron Chairman and CEO Mike Wir.

Chevron-Hess Merger Clears FTC Antitrust Review

The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board.

FTC allows Chevron-Hess deal, bars John Hess from board

Block

John Hess would be prevented from Chevron's board as part of deal for antitrust approval of a Hess-Chevron merger.

FTC Plans to Block Hess CEO from Chevron Board

U.S. energy major Chevron has agreed that Hess CEO John Hess will not join its board in an agreement with the U.S. Federal Trade Commission to proceed with the $53 billion takeover deal, Bloomberg News reported on Thursday, citing people familiar with the matter.

Chevron agrees Hess CEO will not join board in deal with US regulator, Bloomberg News reports

The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron's purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil's challenge to the $53 billion deal as its final hurdle.

News for Hess Stock (HES)