Hess Corporation (HES)
| Market Cap | 49.30B |
| Revenue (ttm) | 11.53B |
| Net Income (ttm) | 2.01B |
| Shares Out | 308.11M |
| EPS (ttm) | 6.53 |
| PE Ratio | 24.53 |
| Forward PE | 21.82 |
| Dividend | $1.75 (1.09%) |
| Ex-Dividend Date | Mar 15, 2024 |
| Volume | 469,696 |
| Open | 160.97 |
| Previous Close | 159.95 |
| Day's Range | 159.56 - 160.97 |
| 52-Week Range | 124.27 - 167.75 |
| Beta | 1.25 |
| Analysts | Buy |
| Price Target | 174.78 (+9.24%) |
| Earnings Date | Apr 25, 2024 |
About HES
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, c... [Read more]
Financial Performance
In 2023, HES's revenue was $10.65 billion, a decrease of -7.99% compared to the previous year's $11.57 billion. Earnings were $1.38 billion, a decrease of -34.06%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for HES stock is "Buy." The 12-month stock price forecast is $174.78, which is an increase of 9.24% from the latest price.
News
Hess contests claims of inadequate disclosures in Chevron deal
Oil producer Hess on Tuesday said it disputes claims in several shareholder letters and at least two lawsuits alleging inadequate disclosures over its proposed sale to Chevron.
Exxon sees Hess arbitration dragging into 2025, CEO says
U.S. energy major Exxon Mobil's arbitration case that could block Chevron's purchase of Hess will extend into 2025, Exxon CEO Darren Woods said in an interview on CNBC on Monday, ahead of a coming vot...
URGENT: The M&A Class Action Firm Encourages Shareholders of Hess Corp. to Take Action Before the Merger Vote on May 28, 2024 - HES
NEW YORK , April 29, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securi...
Hess sets May 28 shareholder vote on Chevron buyout
Hess Corp set May 28 for a special meeting of shareholders to vote on Chevron Corp 's $53 billion buyout offer, the company said in a securities filing on Friday.
Earnings for Big Oil backpaddle as natgas prices tumble
U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in natural gas prices compared with a year ago.
Chevron-target Hess reports Q1 profit beat on higher production
Hess Corp reported a first-quarter profit on Thursday that beat analysts' estimates, helped by higher production from the oil and gas company that is set to be acquired by U.S. energy major Chevron in...
Hess Reports Estimated Results for the First Quarter of 2024
NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) today reported net income of $972 million, or $3.16 per share, in the first quarter of 2024, compared with net income of $346 million, or $1....
Hess sets April 12 record date for shareholder vote on Chevron merger
Hess Corp on Wednesday said its board has set April 12 as the record date for the determination of the stockholders entitled to vote on the proposed merger with Chevron Corp.
Proposed Oil Mergers Will Improve Competition
Under Chairperson Lina Khan, the Federal Trade Commission (FTC) has consistently used speculative consumer harms to justify regulatory actions. Unfortunately, these actions often stop mergers that wou...
Hess says aiming to resolve Guyana arbitration claims by 2024 end
An Exxon Mobil arbitration case that could block the sale of one of its Guyana partners, Hess Corp, to Chevron could drag on until year-end, Hess said in a U.S. securities filing on Friday.
Hess Sanctions Whiptail Development Offshore Guyana
NEW YORK--(BUSINESS WIRE)--Hess Sanctions Whiptail Development Offshore Guyana.
Hess Schedules Earnings Release Date
NEW YORK--(BUSINESS WIRE)--Hess Schedules Earnings Release Date.
Hess board recommends shareholders vote in favor of Chevron merger -filing
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.
China's CNOOC files arbitration over Hess stake in Guyana oil block
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 Ch...
Exxon is not trying to acquire Hess in dispute with Chevron over Guyana oil assets, CEO says
When asked directly, Darren Woods said acquiring Hess is not one of Exxon's objectives in the dispute with Chevron.
CERAWEEK Exxon Mobil CEO says not trying to acquire Hess
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.
Insight: Chevron's CEO faces challenges of a lifetime with Hess bid
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 S...
Hess reviews timeline for Chevron deal closing after Exxon escalates Guyana dispute
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 says reviewing timeline for closing of Chevron deal
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.
A Series Of Uncommon Events Threatens Chevron Buyout Of Hess
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...
Chevron's $53 Billion Deal to Acquire Hess Under Renewed Pressure From Exxon
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.
Exxon could make a bid for Hess' oil assets in Guyana if Chevron deal terminates
Exxon filed for arbitration at the International Chamber of Commerce in Paris Wednesday to adjudicate the dispute with Chevron over Hess' Guyana assets.
Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Hess Announces Regular Quarterly Dividend On Common Stock.
Exxon Files for Arbitration Over Chevron's Deal for Hess
Dispute involving a stake in an oil project in Guyana intensifies, threatening to scuttle Chevron's $53 billion deal to buy Hess.
Exxon signals potential counter offer for Hess's Guyana assets
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 as...