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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The mean of analysts' price targets for Hess (HES) points to a 31.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think Hess (HES) Could Surge 31%: Read This Before Placing a Bet

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Hess (HES) is a Top-Ranked Growth Stock: Should You Buy?

Hess Corporation (NYSE:HES ) Q2 2022 Results Conference Call July 27, 2022 10:00 AM ET Company Participants Jay Wilson - VP, IR John Hess - CEO Greg Hill - COO John Rielly - CFO Conference Call Participants Arun Jayaram - JPMorgan Doug Leggate - Bank of America Paul Cheng - Scotiabank Jeanine Wai - Barclays Ryan Todd - Piper Sandler Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Vin Lovaglio - Mizuho David Deckelbaum - Cowen Operator Good day, ladies and gentlemen, and welcome to the Second Quarter 2022 Hess Corporation Conference Call. My name is Liz, and I will be your operator for today.

Hess Corporation (HES) CEO John Hess on Q2 2022 Results - Earnings Call Transcript

Higher realizations of commodity prices aid Hess' (HES) earnings in Q2.

Hess (HES) Surpasses Earnings & Revenue Estimates in Q2

NEW YORK--(BUSINESS WIRE)--Hess Reports Estimated Results for the Second Quarter Of 2022

Hess Reports Estimated Results for the Second Quarter of 2022

NEW YORK--(BUSINESS WIRE)--Hess Corporation Publishes 25th Annual Sustainability Report

Hess Corporation Publishes 25th Annual Sustainability Report

Higher oil price has been favorable for the exploration and production activities of Hess (HES) in Q2.

Hess (HES) Set to Report Q2 Earnings: Is a Beat in Store?

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The average of price targets set by Wall Street analysts indicates a potential upside of 32% in Hess (HES). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Hess (HES) Could Surge 32%: Read This Before Placing a Bet

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.

Can Hess (HES) Keep the Earnings Surprise Streak Alive?

GEORGETOWN, Guyana--(BUSINESS WIRE)--Government of Guyana Announces National Healthcare Initiative in Collaboration with the Mount Sinai Health System and Hess Corporation

Government of Guyana Announces National Healthcare Initiative in Collaboration with the Mount Sinai Health System and Hess Corporation

Hess Corp. (NYSE: HES) shares are trading lower by 8.41% to $96.47 Tuesday afternoon. Shares of energy companies are trading lower amid a drop in oil prices as investors assess recession concerns.

Why Hess Shares Are Getting Hammered Today

Hess' revenues increased to $2,371 million in the first quarter of 2022 from $1,919 million in the same quarter a year ago. HES produced 297K net Boep/d in 1Q22 (including Libya). It was down 10.8% from the same quarter a year ago, with contributions from resources in the Bakken of 152K Boep/d.

Hess Corp.: Guyana To Deliver 1 Million Barrel Of Oil Per Day By 2027

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Shares of energy companies Hess Corporation (HES), Occidental Petroleum (OXY) and Marathon Oil (MRO) rallied on Tuesday as oil prices zoomed to a two-week high.

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Companies that may gain from record crude oil export from the Gulf Coast are BP, Hess (HES) and Shell (SHEL).

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NEW YORK--(BUSINESS WIRE)--Hess to Participate in J.P. Morgan 2022 Energy, Power & Renewables Conference

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From upstream activities to refining, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil & Gas US Integrated industry. COP, OXY, HES and MRO will make the most of the improving business scenario.

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Oil discoveries at a deeper layer offshore Guyana could add billions of barrels to the block's recoverable resources, benefiting firms like Hess (HES), ExxonMobil (XOM) and TechnipFMC (FTI).

Is Guyana the Hottest Oil Exploration Play at the Moment?

Hess Corporation's Guyana asset has continued to grow despite its enormous size. Yellowtail should be commissioned in 2025. The company's attributable production in 2025 is expected to be ~250k barrels / day with continued growth in other assets.

Hess Corporation: Slow And Steady Wins The Race

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NEW YORK--(BUSINESS WIRE)--Hess to Participate in Bernstein's 38th Annual Strategic Decisions Conference

Hess to Participate in Bernstein's 38th Annual Strategic Decisions Conference

Hess (HES) reported earnings 30 days ago. What's next for the stock?

Hess (HES) Up 14.8% Since Last Earnings Report: Can It Continue?

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News for Hess Stock (HES)