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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Chevron

Exxon Mobil

Exxon Mobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country.

Exxon's curveball move in Guyana alters Chevron-Hess deal prospects

Hess said on Tuesday that a pre-emption provision does not apply to its proposed $53-billion buyout by Chevron and it remains "fully committed" to the deal.

Hess says pre-emption provision doesn't apply to buyout deal with Chevron

Chevron stock is gaining ground this month. However, the U.S. supermajor has revealed its mega deal for Hess is in danger.

Is Chevron Stock A Buy Or A Sell After Revealing $53 Billion Hess Deal Is At Risk?

Chevron (CVX) shares fell 2% in intraday trading Tuesday after the energy giant warned its planned $53 billion purchase of Hess (HES) could be jeopardized by a challenge from ExxonMobil (XOM) and China National Offshore Oil Corporation (CNOOC).

Chevron Says Its $53B Purchase of Hess Could Be Jeopardized by Oil Field Agreement

Chevron warned investors that Exxon and Cnooc are claiming a right to purchase Hess's stake in Guyana's offshore oil assets under a joint operating agreement.

Hess shares drop as fight with Exxon Mobil over Guyana oil threatens Chevron takeover

A story published at the Wall Street Journal late Monday characterizes Chevron's CVX proposed $53 billion buyout of Houston-based Hess HES Corp. as being “in jeopardy” related to Hess's 30 percent ownership in the prolific Stabroek Block development offshore Guyana. The massive Stabroek oil and natural gas resource is under development by a consortium operated by ExxonMobil XOM in which Hess is a partner along with Chinese oil company CNOOC.

Is Chevron's $53 Billion Buyout Of Hess In Trouble?

If the deal falls through, it would be a setback to Chevron, which has recently underperformed rivals and was hoping to get a boost from Hess's 30% stake in the offshore project in South America.

Chevron Warns $53 Billion Hess Deal May Be at Risk After Exxon Challenge

Chevron Corp on Monday said it is in talks with Exxon Mobil Corp and China's CNOOC over whether the two have a right of first refusal to acquire Hess Corp.'s stake in the Stabroek oil block in Guyana.

Chevron, Exxon in dispute over Hess stake in Guyana oil block

The Texas oil company has said it could pre-emptively match the price Chevron offered Hess for its 30% stake in a booming oil prospect off of Guyana's coast.

Exxon Throws a Wrench in Chevron's $53 Billion Deal for Hess

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Chevron's agreement to acquire Hess has raised questions about the lack of a premium in the merger. Hess' stock price remained stagnant until cash flow began to arrive from the Guyana partnership. The market now recognizes the value of Hess' stock due to its growth story and increasing cash flow from new platforms in Guyana.

Hess: Why No Acquisition Premium Is Already A Premium

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NEW YORK--(BUSINESS WIRE)--Hess Achieves CDP Climate Change Leadership Status for 15th Consecutive Year.

Hess Achieves CDP Climate Change Leadership Status

Hess stock trades at a roughly 7% discount to the current value of Chevron's all-stock offer for the energy company.

Hess Offers Cheap Way to Buy Chevron Due to Venezuela Worries

Higher oil equivalent production volumes aid Hess' (HES) Q4 earnings.

Hess (HES) Q4 Earnings Surpass Estimates, Revenues Fall Y/Y

While the top- and bottom-line numbers for Hess (HES) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Hess (HES) Q4 Earnings

Hess (HES) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.78 per share a year ago.

Hess (HES) Tops Q4 Earnings and Revenue Estimates

Oil and gas firm Hess beat Wall Street estimates for fourth-quarter profit on Wednesday, buoyed by higher production in Bakken shale and Guyana.

Oil producer Hess beats fourth-quarter profit estimates

NEW YORK--(BUSINESS WIRE)--   Hess Corporation (NYSE: HES) today reported net income of $413 million, or $1.34 per share, in the fourth quarter of 2023, compared with net income of $497 million, or $1.61 per share, in the fourth quarter of 2022. On an adjusted basis, the Corporation reported net income of $501 million, or $1.63 per share in the fourth quarter of 2023, compared with $522 million, or $1.69 per share, in the prior-year quarter. The decrease in adjusted after-tax results compared w.

Hess Reports Estimated Results for the Fourth Quarter of 2023

Infrastructure investments offer defensive characteristics, stability, and exposure to long-term growth drivers, making them attractive to billionaires. Hess Midstream is a standout player in the Bakken shale plays, offering a fee-based model and essential midstream assets for stable income. HESM targets 5% annual distribution growth, has a current yield of 7.3%, and offers an attractive valuation with strong growth prospects.

Hess Midstream: A 7%-Yielding Billionaire-Like Income Play

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Hess stock to see 96% growth in EPS

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.

News for Hess Stock (HES)