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 Q1 2023

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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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Hess Corp on Thursday said in a securities filing that its board unanimously recommended shareholders vote in favor of the company's sale to Chevron Corp.

Hess board recommends shareholders vote in favor of Chevron merger -filing

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Chinese offshore oil and gas major CNOOC , said it had filed an arbitration claim to establish a right over Hess' stake in the giant Guyana oilfield Stabroek in the event of the U.S. firm's sale to Chevron.

China's CNOOC files arbitration over Hess stake in Guyana oil block

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When asked directly, Darren Woods said acquiring Hess is not one of Exxon's objectives in the dispute with Chevron.

Exxon is not trying to acquire Hess in dispute with Chevron over Guyana oil assets, CEO says

Exxon Mobil CEO Darren Woods on Monday said his company is trying to secure preemption rights over Hess Corp 's Guyana assets in its dispute with Chevron, not buy the company itself.

CERAWEEK Exxon Mobil CEO says not trying to acquire Hess

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Chevron's acquisition of Hess Corporation faces significant uncertainties as Exxon Mobil looks to exercise its pre-emption rights. Regarding the deal, Exxon Mobil has filed for arbitration with the International Chamber of Commerce, putting more pressure on Chevron and Hess. Chevron's earnings and production guidance show confidence in achieving higher production in 2024, and Wall Street estimates anticipate recovery and growth for the company.

Chevron: Exxon Barges In To Scupper The Hess Deal Closure

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Chevron CEO Michael Wirth is facing a head-to-head match with Exxon Mobil with his $53 billion bid for Hess and its stake in oil hotspot Guyana, and could wind up trapped in a dispute between two of South America's biggest energy rivals.

Insight: Chevron's CEO faces challenges of a lifetime with Hess bid

Exxon filed for arbitration to defend what the oil major views as its right to make a counter offer for Hess' Guyana assets under a joint operating agreement.

Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute

As the battle unfolds, Hess (HES) stands to pay a significant break-up fee of $1.7 billion to Chevron if the deal collapses.

Hess' (HES) Guyana Oil Assets Spark Major Energy Sector Dispute

U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron , after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.

Hess says reviewing timeline for closing of Chevron deal

ExxonMobil XOM took the step of filing for arbitration before the International Chamber of Commerce in Paris Wednesday to secure its claim to pre-emption rights in the prolific Stabroek field offshore Guyana, where it serves as operator. The move creates uncertainty over Chevron's CVX plans to acquire Houston-based Hess HES Corp. and its 30% interest in the development.

A Series Of Uncommon Events Threatens Chevron Buyout Of Hess

Exxon Senior Vice President Neil Chapman told a Morgan Stanley conference on Wednesday, that the company has filed arbitration with the International Chamber of Commerce.

Chevron's $53 Billion Deal to Acquire Hess Under Renewed Pressure From Exxon

Exxon filed for arbitration at the International Chamber of Commerce in Paris Wednesday to adjudicate the dispute with Chevron over Hess' Guyana assets.

Exxon could make a bid for Hess' oil assets in Guyana if Chevron deal terminates

Dispute involving a stake in an oil project in Guyana intensifies, threatening to scuttle Chevron's $53 billion deal to buy Hess.

Exxon Files for Arbitration Over Chevron's Deal for Hess

Exxon Mobil Corp on Wednesday said it filed a contract arbitration disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets.

Exxon signals potential counter offer for Hess's Guyana assets

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

Why Is Hess (HES) Up 3% Since Last Earnings Report?

Chevron announced its acquisition of Hess HES five months ago. Now, Chevron CVX announces that the deal may fall apart because the crown jewel of Hess' properties, its minority stake in an offshore Guyana play, may be subject to “right of first refusal” restrictions owned under the contract by ExxonMobil XOM and CNOOC, the China National Offshore Co. Did that slip through during due diligence?

ExxonMobil Protecting Its Contractual Rights In Dust-Up Over Hess

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