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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Baker Hughes Co

Chevron

Pioneer Natural Resources

Exxon Mobil

Oil production cuts this year by the Organization of the Petroleum Exporting Countries and their allies have given the U.S. the price incentive it needed to lift domestic output to its highest level on record, and maybe even helped fuel the recent mergers among the big oil companies.

U.S. is set to play tug of war with OPEC+ for oil market share as Middle East hostilities warrant output boost

Higher oil equivalent production volumes aid Hess' (HES) earnings in Q3.

Hess (HES) Beats on Q3 Earnings, Raises '23 Production Outlook

Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency's predictions of declining oil demand are wrong.

Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns

The headline numbers for Hess (HES) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hess (HES) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Chevron's (NYSE:CVX) $53 billion takeover deal, announced Monday, somewhat stole the thunder from today's earnings release at Hess Corp (NYSE:HES), nevertheless, third-quarter financial results confirm that the takeover target is in rude health. On daily net production of 395,000 barrels oil equivalent per day, versus 351,000 barrels this time last year, Hess generated $504 million ($1.67 per share) of net income for the three-month period with revenue reported at $2.84 billion.

Chevron takeover-target Hess results comfortably beat expectations

Hess Midstream LP on Wednesday reported a rise in third quarter net income versus the year earlier period, with the announcement coming just days after Chevron agreed to buy Hess Corp.

Hess Midstream reports higher Q3 income, after Chevron buys Hess

Oil and gas producer Hess Corp on Wednesday beat Wall Street estimates for third-quarter profit on higher production, days after agreeing to be bought by larger U.S. rival Chevron Corp for $53 billion.

Chevron target Hess beats quarterly profit estimates on production boost

NEW YORK--(BUSINESS WIRE)--HESS REPORTS ESTIMATED RESULTS FOR THE THIRD QUARTER OF 2023.

Hess Reports Estimated Results for the Third Quarter of 2023

Hess Midstream (NYSE: HESM) stock price has been quite volatile this week as investors digest the news that Chevron will acquire Hess Corporation. The stock was trading at $30.32 on Tuesday, down from this month's high of $31.40.

Hess Midstream stock analysis after Chevron's Hess buyout

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Hess Corporation (NYSE: HES) to Chevron Corporation (NYSE: CVX). Under the terms of the proposed transaction, shareholders of Hess will receive 1.0250 shares of Chevron for each share of Hess that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or w.

HESS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Hess Corporation - HES

It's official: Chevron is looking to keep up with Exxon after announcing its deal to buy Hess for $53 billion.

Chevron Acquisition: Oil Giant Buys Hess For $53bn In All-Stock Deal

This month's big merger deals announced by Chevron and ExxonMobil seem to be just the beginning of a consolidation wave in the oil patch.

Chevron Buyout Of Hess Highlights Renewed Focus On Production Growth

Chevron is one of the largest integrated players in the global oil and gas industry, which experiences massive secular tailwinds due to a variety of different factors. The company has been extremely efficient in absorbing strong tailwinds of recent quarters and now can afford to make a promising megadeal in the Hess Corporation acquisition. My valuation suggests that the stock is substantially undervalued.

Chevron: Hess Deal Is A Smart Move

Shares of Chevron Corp. NYSE: CVX gapped down hard on October 23 after saying it would buy fellow S&P 500 component Hess Corp. NYSE: HES in an all-stock deal valued at $53 billion.

Chevron Bolsters Portfolio, Snapping Up Hess in $53 Billion Deal

Chevron is buying Hess in the latest megamerger in the oil patch. The deal will enhance and extend its production and free cash flow growth profiles.

Chevron Quickly Responds to ExxonMobil, Buys Hess in a $60 Billion Deal

NEW YORK--(BUSINESS WIRE)--Hess Cancels Earnings Release Conference Call.

Hess Cancels Earnings Release Conference Call

Chevron makes an offer for Hess, indicating strong interest in the profitable Guyana project. Chevron's entrance into the Guyana partnership suggests a higher value than previously seen. The recent acquisitions by CVX and other insiders indicate better times for the industry and a buyers' market.

Hess Corporation Buyout: Chevron Is Going For The Gold

MILWAUKEE , Oct. 23, 2023 /PRNewswire/ -- Ademi LLP is investigating Hess (NYSE: HES) for possible breaches of fiduciary duty and other violations of law in its transaction with Chevron. Click here to learn how to join the action https://www.ademilaw.com/case/hess-corporation or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether Hess Corporation has obtained a Fair Price in its transaction with Chevron

John Hess exits company founded by his father.

Chevron Deal Makes Billionaire Hess Family Even Richer

Hess Corp (NYSE: HES) opened in the green today after Chevron Corporation (NYSE: CVX) said it will buy the energy company for $53 billion. Chevron values Hess Corp at $171 a share The all-stock agreement announced this morning values each share of Hess Corp at $171 – about a 5.0% premium on their previous close.

Chevron to buy Hess Corp for $53 billion

One of today's trending stories involves oil giant Chevron (NYSE: CVX ). Specifically, the oil company is buying oil producer Hess (NYSE: HES ) for $53 billion.

HES Stock Alert: Chevron Just Bought Hess for $53 Billion

It is the latest move by an U.S. oil major to solidify its hold on the oil sector using booming profit to buy up competition.

Chevron Bets On South America With $53 Billion Answer To ExxonMobil

Chevron (CVX) agreed to buy Hess (HES) for $53 billion in an all-stock deal, in the latest blockbuster oil agreement amid broader industry consolidation.

Chevron Buys Hess for $53 Billion in an All-Stock Deal

Chief executive John Hess said the deal adds oil fields in Guyana, including more than 11 billion barrels of oil equivalent.

Chevron Buying Hess For $53 Billion In Latest Major Oil Deal

Textainer Group Holdings Limited

Mergers often happen over the weekend. Chevron and Hess announced plans to merge, following on the heels of ExxonMobil's acquisition of Pioneer Natural Resources.

News for Hess Stock (HES)