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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ConocoPhillips

Chevron

Marathon Oil

Consolidation among the oil and energy sector continues as Chevron (CVX) will be acquiring Hess (HES) in a deal valued at $53 billion while ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) for $22.5 billion when including debt.

Big Oil Consolidation: Chevron Acquiring Hess - ConocoPhillips Acquiring Marathon Oil

Chevron shareholders on Wednesday voted to re-elect all 12 sitting directors to its board, in a sign of support for the oil major.

Chevron shareholders re-elect all directors, CEO confident on Hess deal

Hess Corp (NYSE:HES) shareholders have approved the proposed $53 billion merger with Chevron Corporation (NYSE:CVX, ETR:CHV), setting the stage for Chevron to acquire a valuable asset in Guyana. The deal move will give Chevron a foothold in the significant oil discoveries made by rival Exxon Mobil in the region.

Hess shareholders give the green light to $53bn Chevron deal

Investors' green light cleared one hurdle for the tie-up to happen but a challenge by Exxon makes the final outcome uncertain.

Hess Shareholders Give Approval to $53 Billion Merger With Chevron

NEW YORK--(BUSINESS WIRE)--Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron.

Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron

Hess Corp on Tuesday approved the company's $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote.

Hess shareholders approve merger with Chevron

Hess Corp shareholders will vote on Tuesday on Chevron's proposed $53 billion acquisition of the company, after many investors have called for a delay in hopes of obtaining a better offer for their shares.

Hess investors to vote on Chevron deal amid growing postponement calls

Exxon Mobil

The Chevron-Hess deal was originally slated to close in the first half of 2024, but that timeline has been delayed due to a dispute with Exxon Mobil. Exxon claims a right of first refusal over Hess' lucrative assets in Guyana under a joint operating agreement.

Hess shareholders to vote on Chevron deal as dispute with Exxon over Guyana assets creates uncertainty

Hess Corporation (NYSE:HES) has been at the center of a significant corporate event since October 23, 2023, when Chevron Corporation (NYSE:CVX) announced its plans to acquire Hess for $53 billion, valuing the former at $171 per share.

Hess Corp stock: A buy amid merger drama?

Chevron hopes to buy Hess for $53 billion. But the status of the deal looks shakier than ever,

Chevron-Hess Deal Vote Is Looking Like a ‘Coin Toss'

Bank of America

Merck

Griffin appears to have made a big bet in Q1 that Chevron's acquisition of Hess will sail through. His Citadel hedge fund bought over 22.4 million additional shares of Bank of America.

Billionaire Ken Griffin Is Buying These Dividend Stocks Hand Over Fist. Should You?

Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp.

Hess-Chevron merger vote appears ripe for narrow approval

Hess (HES) faces three lawsuits alleging inadequate disclosures in its proposed $53 billion sale to Chevron, potentially delaying the strategic merger aimed at Guyana's offshore oil fields.

Hess (HES) Faces Legal Hurdles Over Chevron Deal Disclosures

Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron.

Hess facing three lawsuits over disclosures in Chevron deal

NEW YORK--(BUSINESS WIRE)--Glass Lewis Recommends Hess Shareholders Vote For Proposed Merger with Chevron.

Glass Lewis Recommends Hess Shareholders Vote For Proposed Merger With Chevron

Hess shareholders should vote in favor of Chevron Corp's $53 billion offer at the company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.

Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer

NEW YORK--(BUSINESS WIRE)--Hess Announces Regular Quarterly Dividend On Common Stock.

Hess Announces Regular Quarterly Dividend On Common Stock

Diamondback Energy

Occidental Petroleum

ExxonMobil (NYSE: XOM ) recently completed its $60 billion acquisition of Pioneer Natural Resources. The deal expands the oil and gas giant's presence in the oil-rich Permian basin.

Merger Mayhem: FTC's Oil Sector Crackdown Puts These 3 Pending Deals at Risk

Proxy advisory firm ISS recommended on Monday that Hess shareholders abstain from voting for Chevron's proposed $53 billion acquisition of Hess.

ISS recommends Hess shareholders abstain from voting for merger with Chevron

Chevron Corporation (NYSE:CVX, ETR:CHV)'s US$53 billion takeover of Hess Corp (NYSE:HES) should be stopped over fears gas prices could be hiked, senator Chuck Shumer has urged. Schumer, who serves as senate majority leader, took to social media X to dispute the merger, which would see Chevron gain a larger footprint in the US and a stake in the Guyana discoveries held by rival Exxon Mobil.

Chevron, Hess deal should be stopped, senate majority leader urges

Agnico Eagle Mines

Amazon

Abercrombie & Fitch

Alphabet

As the stock market continues to scale upward, it's prudent to invest in growth stocks such as Agnico Eagle Mines (AEM), Abercrombie & Fitch (ANF), Amazon (AMZN), Alphabet (GOOGL) and Hess (HES).

Why "Sell in May?" Instead, Buy These 5 Growth Stocks Now

U.S Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp's proposed $53 billion acquisition of Hess Corp.

Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger

NEW YORK , May 10, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Hess Corp. (NYSE: HES), relating to its proposed sale to Chevron Corp. Under the terms of the agreement, HES shareholders will receive 1.0250 shares of Chevron per share they own.

URGENT: The M&A Class Action Firm Encourages Shareholders of Hess Corp. to Take Action Before the Merger Vote on May 28, 2024 - HES

Ally Financial

Citigroup

If any investor has stood the test of time, it is Warren Buffett, and with good reason. For years, the “Oracle of Omaha” has had a rock-star-like presence in the investing world, and his annual Berkshire Hathaway shareholders meeting last weekend drew thousands of loyal fans who are investors.

Berkshire Hathaway Profits Dropped 64%, but 5 Warren Buffett Dividend Stocks Ruled Q1

Zacks.com users have recently been watching Hess (HES) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

News for Hess Stock (HES)