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

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Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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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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Hess (HES) projects daily Guyana oil production volumes to reach more than 750,000 gross barrels.

Hess (HES) Appointed for Marketing 2 Guyana Crude Shipments

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Five of the top six stocks on the S&P 500 on Monday were oil producers - Marathon Oil (MRO), Occidental Petroleum (OXY), Apache (APA), Diamondback Energy (FANG) and Hess (HES).

Energy Names Take Off as Oil Returns to Pre-Pandemic Levels

Guyana projects are moving along and the region will be self-sufficient in terms of cash flow once the 3rd field - Payara - comes onstream in 2024. Hess can at least double the value of its Guyana assets without incurring any additional capex, which had not yet been reflected in its share price.

Hess Corp.: Guyana Offers Serious Upside, M&A Unlikely

Hess Midstream LP's (HESM) on Q4 2020 Results - Earnings Call Transcript

Hess Corporation (HES) CEO John Hess on Q4 2020 Results - Earnings Call Transcript

Higher production from Bakken play and lower operating expenses aid Hess's (HES) Q4 earnings.

Hess (HES) Q4 Earnings Beat Estimates, Proved Reserves Grow

Hess (HES) delivered earnings and revenue surprises of 13.43% and 13.29%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Hess (HES) Reports Q4 Loss, Tops Revenue Estimates

Shares of Hess (NYSE:HES) fell 0.2% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 3.33% over the past year to ($0.58), which beat the estimate of ($0.66).

Recap: Hess Q4 Earnings

NEW YORK--(BUSINESS WIRE)--HESS REPORTS ESTIMATED RESULTS FOR THE FOURTH QUARTER OF 2020

Hess Reports Estimated Results for the Fourth Quarter of 2020

Hess (NYSE:HES) unveils its next round of earnings this Wednesday, January 27. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Earnings Outlook for Hess

NEW YORK--(BUSINESS WIRE)--Hess Announces 2021 E&P Capital and Exploratory Budget

Hess Announces 2021 E&P Capital and Exploratory Budget

Lower oil price likely to have hurt Hess' (HES) Q4 earnings.

Hess (HES) Gears Up for Q4 Earnings: What's in the Cards?

Hess Midstream managed to defy the trend and kept steadily increasing their distributions throughout 2020 and now offer a high yield of around 8.50%. Whilst their outlook for 2021 is looking rosy, there are still a few caveats for investors to consider.

Hess Midstream: A Rosy Outlook, But There Are Still A Few Caveats

Despite lower capital spending, Hess (HES) expects production volumes to increase on operational efficiency.

Can Hess (HES) Soar Further After Gaining 15.5% in 6 Months?

NEW YORK--(BUSINESS WIRE)--Hess Achieves Leadership Status in CDP's Global Climate Change Report and Is Named to Newsweek's 2021 List of America's Most Responsible Companies

Hess Achieves Leadership Status in CDP's Global Climate Change Report

Hess Corporation stock has rallied by 44% this month supported by a surge in crude oil prices and hopes of an early macroeconomic rebound. Given the likelihood of an easing in OPEC+ mandated cuts later this week, Trefis believes that Hess stock remains a risky bet at present.

Hess Corporation Stock Is A Risky Bet

The third platform has been approved and will now be ordered. The second platform will be delivered in the second half of fiscal year 2021. First oil will be at the beginning of 2022.

Hess Corporation: Expanding Product During A Market Bottom

Hess Corporation is an exciting leveraged play on the next supermajor oil field, Guyana. The company also has incredibly exciting shale assets in the Bakken and modestly exciting midstream and international assets.

Hess Corporation Is An Exciting, Leveraged Play On The Next Supermajor Oil Field

Pfizer

Another wave of Covid-19 could result in a double-dip recession, hurting leveraged oil companies. Put these on your list of stocks to sell.

4 Stocks To Sell If Covid-19 Hurts Oil Demand Again

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eleventh consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in each industry are considered each year for index membe

Hess Named to Dow Jones Sustainability Index (DJSI) North America for Eleventh Consecutive Year

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Following the surprise rise in crude stockpiles, some of the biggest casualties of the S&P 500 were energy-related names like Phillips 66 (PSX), Marathon Petroleum (MPC), Hess (HES), Valero Energy (VLO) and Occidental Petroleum (OXY).

This is Why Energy Stocks Suffered a Sharp Selloff Yesterday

HESM raised its dividend again this quarter, and yields 10.97%, with 1.24X dividend coverage. Q3 '20 adjusted EBITDA rose 33%, revenue rose 23% vs. Q3 '19.

Hess Midstream LP: No K-1, 11% Yield, 5% Dividend Growth Through 2021, Guidance Up

NEW YORK--(BUSINESS WIRE)-- #exploration--CEO John Hess will speak at the Bank of America Securities 2020 Global Energy Conference on November 10, 2020 at 10:00 a.m. ET

Hess to Participate in Bank of America Securities 2020 Global Energy Conference

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP, the field's operator, for a total consideration of $505 million, subject to customary adjustments, with an effective date of July 1, 2020. “This transaction brings value forward in the current low price environment and further strengthens our cash and liquidity position,” CEO John Hess

Hess Completes Sale of Interests in Shenzi Field, Gulf of Mexico

Shares of Hess Corp. sank 3.7% in afternoon trading Tuesday, bucking the rallies in crude oil prices and the broader stock market, after Argus Research analyst Bill Selesky downgraded the oil production company, citing concerns over continued losses and rising debt levels. The stock was the biggest decliner in the SPDR Energy Select Sector ETF , which fell 1.1%.

News for Hess Stock (HES)