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

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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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Hess (HES) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Hess (HES) Could Beat Earnings Estimates Again

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Hess management thinks the 18,000 ft interval contains an equal amount of reserves to that already on the books. Production from Guyana is likely to triple by 2027.

Hess Corporation: Guyana Production Triple Guidance

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Hess (HES) expects significant free cash flow growth in the coming years, which will get allocated toward reducing its debt load and returning capital to shareholders.

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NEW YORK--( BUSINESS WIRE )--Hess Corporation (NYSE:HES) has been recognized for climate change stewardship in CDP's Climate Change Scores for 2022. Hess has earned Leadership status for 14 consecutive years from CDP, an international nonprofit organization that runs a global environmental disclosure system. This year, Hess is one of only two U.S. oil and gas producers to achieve Leadership status, scoring well above both the oil & gas extraction and production sector average and the overall North American regional average.

Hess Achieves CDP Climate Change Leadership Status and Transition Pathway Initiative Level 4 Status

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NEW YORK--( BUSINESS WIRE )--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the Goldman Sachs Global Energy and Clean Technology Conference on January 5, 2023 at 10:20 a.m. Eastern Time.

Hess to Participate in Goldman Sachs Global Energy and Clean Technology Conference

Each FPSO adds significant production growth for Hess, typically in excess of industry growth rates. Hess Corporation is one of the fastest growing companies in the industry.

Hess Corporation: Don't Forget The Income

NEW YORK--( BUSINESS WIRE )--Hess Corporation (NYSE: HES) has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 13th consecutive year and for the first time has been included in the Dow Jones Sustainability World Index (DJSI World), which comprises global sustainability leaders identified by S&P Global through its Corporate Sustainability Assessment. Only the most sustainable companies are considered each year for DJSI membership. This year, Hess is the only North American oil and gas company listed on DJSI World and one of only three North American oil and gas companies included in DJSI North America.

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Hess Corp. HES shares are trading higher by 3.63% to $134.02 Monday afternoon. Shares of energy companies at large are trading higher amid an increase in the price of oil.

What's Going On With Hess Stock Today - Hess (NYSE:HES)

GEORGETOWN, Guyana--( BUSINESS WIRE )--Hess Corporation (NYSE: HES) and the Government of Guyana today announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from the Government of Guyana. This agreement will serve to support Guyana's efforts to protect the country's vast forests and provide capital to improve the lives of Guyana's citizens through investments made by the Government as part of Guyana's Low Carbon Development Strategy (LCDS) 2030. Guyana's President, Dr. Irfaan Ali was joined today by Vice President, Dr. Bharrat Jagdeo and John Hess, CEO of Hess Corporation for a signing ceremony to commemorate this historic agreement.

Hess Corporation and the Government of Guyana Announce REDD+ Carbon Credits Purchase Agreement

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News for Hess Stock (HES)