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 Corporation Announces $50 Million Donation to Advance Salk Institute's Harnessing Plants Initiative

Hess Corporation Announces $50 Million Donation to Advance Salk Institute's Harnessing Plants Initiative

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Hess is the smallest partner of the partnership making the giant Guyana discovery. The Guyana project breaks even at some of the lowest costs in the world.

Hess Corporation: Profit Roars Ahead

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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced that Hess Corporation (NYSE: HES) has selected Halliburton Landmark's DecisionSpace® 365 Well Construction applications powered by iEnergy® Hybrid Cloud to plan, design, and construct safe, cost effective, and productive wells. DecisionSpace 365 applications empower an agile enterprise and bring planning, design, and operations together to create a digital twin of the well construction process.

Hess Selects Halliburton Well Construction Suite to Implement Digital Wells

Hess (HES) expects the operating cash flow to expand, seeing a compound annual growth rate of 25% through 2027.

Here's Why Hold Strategy is Apt for Hess (HES) Stock Right Now

Hess (HES) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Hess (HES) Stock Jumps 3.4%: Will It Continue to Soar?

Hess Corporation has a massive portfolio of upstream assets with rapidly growing production. Its breakeven is going down simultaneously. The company has hit free cash flow positive on its portfolio, meaning that Hess Corporation share repurchases now can generate long-term value.

Hess Corporation Might Be The Best Pure Upstream Investment

Hess (HES) expects operations cash flow to expand at a compound annual growth rate of around 25% through 2027. This raises the possibility of further dividend hikes.

Hess (HES) Rewards Investors With Quarterly Dividend Hike

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the 51st Annual Scotia Howard Weil Energy Conference on March 8, 2023 at 11:30 a.m. Eastern Time.

Hess to Participate in 51st Annual Scotia Howard Weil Energy Conference

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

Why Is Hess (HES) Down 15.4% Since Last Earnings Report?

The Gulf of Mexico And Bakken production should return to pre-covid levels. The Gulf of Mexico And Bakken production should then maintain production and be a source of cash flow.

Hess Corporation: Bring On That Cash Flow

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Hess Corporation (NYSE:HES ) Q4 2022 Earnings Conference Call January 25, 2023 10:00 AM ET Company Participants Jay Wilson - Vice President, Investor Relations John Hess - Chief Executive Officer Greg Hill - Chief Operating Officer John Rielly - Chief Financial Officer Conference Call Participants Arun Jayaram - JPMorgan Jeanine Wai - Barclays Doug Leggate - Bank of America Paul Cheng - Scotiabank Neil Mehta - Goldman Sachs Ryan Todd - Piper Sandler Noel Parks - Touhy Brothers Operator Good day, ladies and gentlemen and welcome to the Fourth Quarter 2022 Hess Corporation Conference Call. My name is Kevin and I will be your operator for today.

Hess Corporation (HES) Q4 2022 Earnings Call Transcript

Higher oil and natural gas prices, and production boost Hess' (HES) earnings in Q4.

Hess (HES) Beats on Q4 Earnings, Hikes Exploration Budget

NEW YORK--( BUSINESS WIRE )--   Hess Corporation (NYSE: HES) today reported net income of $624 million, or $2.03 per common share, in the fourth quarter of 2022 compared with net income of $265 million, or $0.85 per common share, in the fourth quarter of 2021. On an adjusted basis, the Corporation had net income of $548 million or $1.78 per common share in the fourth quarter of 2022. The improvement in adjusted after-tax earnings compared with the prior-year period was primarily due to increased sales volumes in Guyana in the fourth quarter of 2022.

Hess Reports Estimated Results for the Fourth Quarter of 2022

NEW YORK--( BUSINESS WIRE )--Hess Corporation (NYSE: HES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and the Bakken.

Hess Announces 2023 E&P Capital and Exploratory Budget

Higher production and commodity prices are expected to have aided Hess' (HES) earnings in Q4.

What's in the Offing for Hess Corp's (HES) Earnings in Q4?

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) Reports Next Week: Wall Street Expects Earnings Growth

While driving climate change initiatives and cutting carbon dioxide emissions, top oil stock Hess fuels a potential new breakout.   The post Oil Stock Fuels Growth While Driving Climate Change Initiatives appeared first on Investor's Business Daily.

Oil Stock Fuels Growth While Driving Climate Change Initiatives

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Hess Corporation remains expensive in a market where the company needs sustained high-double-digit oil prices to drive returns. The company's Guyana and other assets continue to grow substantially, which will enable increased cash flow.

Hess Corporation Is An Expensive Stock With Strong Potential

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The Fangtooth oil discovery in Guyana's waters is big enough to potentially require a platform for itself, which would be the seventh in the country, Hess Corp Chief Executive Office John Hess said in a conference on Thursday.

Fangtooth oil discovery may justify Guyana's 7th platform, Hess CEO

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

News for Hess Stock (HES)