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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Chevron

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced the Federal Trade Commission (FTC) completed antitrust review of the company's merger with Hess Corporation (NYSE: HES), satisfying a key closing condition for the transaction. “This is an important step toward completing the merger, which will benefit our shareholders, the industry, and the country of Guyana, and add world class assets to our already advantaged portfolio,” said Chevron Chairman and CEO Mike Wir.

Chevron-Hess Merger Clears FTC Antitrust Review

The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board.

FTC allows Chevron-Hess deal, bars John Hess from board

Block

John Hess would be prevented from Chevron's board as part of deal for antitrust approval of a Hess-Chevron merger.

FTC Plans to Block Hess CEO from Chevron Board

U.S. energy major Chevron has agreed that Hess CEO John Hess will not join its board in an agreement with the U.S. Federal Trade Commission to proceed with the $53 billion takeover deal, Bloomberg News reported on Thursday, citing people familiar with the matter.

Chevron agrees Hess CEO will not join board in deal with US regulator, Bloomberg News reports

The U.S. Federal Trade Commission is expected to greenlight U.S. oil producer Chevron's purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil's challenge to the $53 billion deal as its final hurdle.

FTC set to greenlight chevron's $53 billion buy of oil rival Hess, sources say

Intuit

RCI Hospitality

Although dividend stock investing is one of the surest ways for investors to dramatically increase their returns over time, dividend growth stocks are even better.

3 Dividend Stocks That Just Hiked Their Payouts 14%

Hess Midstream remains a strong buy due to its robust contract structure, 7.2% distribution yield, and predictable cash flows. The Chevron-Hess deal, likely delayed until late 2025, could provide additional upside, but immediate gains have been pushed out. HESM's Q2 results show strong growth with $277 million adjusted EBITDA, $156 million free cash flow, and raised gas volumes guidance.

Hess Midstream: Still Attractive, Even With Potential M&A Delayed

APA Corporation

Schlumberger

Oil prices are under pressure, but potential production cuts and economic recovery could lead to a bullish outlook, with prices rising to $80-90 by early 2025. Schlumberger, APA Corp., and Hess are top oil stock picks, currently oversold and undervalued, offering significant upside potential and attractive dividends. Schlumberger's forward P/E ratio is below 10, APA trades at 5-6 times EPS estimates, and Hess is poised for over 100% EPS growth this year.

It's Likely Time To Buy Oil Stocks

HES expects its shareholders to receive roughly higher quarterly dividend after its merger with CVX gets completed.

Hess Rewards Stockholders With a 14.3% Quarterly Dividend Hike

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Hess presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.

Hess Becomes Oversold

NEW YORK--(BUSINESS WIRE)--Hess Announces Increased Regular Quarterly Dividend On Common Stock.

Hess Announces Increased Regular Quarterly Dividend On Common Stock

Hess (HES) has until July 2025 to seek a new partner and proceed with the exploration activities at Block 59.

Hess (HES) Seeks New Partner for Block 59 Offshore Suriname

CME Group

The "cash trap" is caused by investors flocking to high-yield, risk-free assets due to Fed rate hikes. This influx into money market funds could reverse if rates drop. When rates fall, investors may shift from money market funds to high-yield dividend stocks to maintain income. The need for quality picks will grow in this scenario. High-yield, high-quality dividend stocks with strong business models and solid balance sheets could benefit most, offering both income and stability as the market evolves.

Be Aware Of The Cash Trap - 2 Strong Buy High-Yield Gems To Be Prepared

Chevron has numerous projects coming online over the next few years. The oil giant can organically grow its free cash flow at a double-digit percentage annual rate.

Chevron Has a Lot of Growth Coming Down the Pipeline, Despite Delays for Its Needle-Moving Hess Acquisition

Exxon Mobil

An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, four people familiar with the matter said.

Exclusive: Hess Guyana's secret value becomes part of Exxon arbitration, sources say

Datadog

PG&E

Pfizer

Shopify

We have narrowed our search to five large-cap stocks that have lagged the market year to date. These are: DDOG, SHOP, PFE, HES, PCG.

Buy These 5 Year-to-Date Laggards With Solid Near-Term Upside

Hess (HES) could produce exceptional returns because of its solid growth attributes.

3 Reasons Why Growth Investors Shouldn't Overlook Hess (HES)

Chevron Options Still Offer Better Prospects Than Hess

Oil giant Chevron Corp missed estimates for second-quarter profit on Friday, hurt by weak refining margins.

Chevron reports Q2 miss as Hess takeover faces new delays

Shares in U.S. oil producer Hess suffered their largest daily percentage drop in 20 months on Thursday on fallout from the lengthy new delay to its proposed sale to Chevron.

Hess shares fall most in 20 months on lengthy new delay to Chevron sale

Arbitration hearing for a dispute over Hess Corporation's interest in Guyana delayed to May 2025. Earnings benefit from stronger commodity prices and increased production from the new FPSO. Delay in merger raises Hess Corporation's value as Guyana production and profits climb.

Hess Corporation: Manifesting The Time Value Of Money

Higher oil equivalent production volumes and increased commodity realized prices aid Hess' (HES) Q2 earnings.

Hess (HES) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Hess (HES) came out with quarterly earnings of $2.62 per share, beating the Zacks Consensus Estimate of $2.48 per share. This compares to earnings of $0.65 per share a year ago.

Hess (HES) Tops Q2 Earnings and Revenue Estimates

Hess Corp beat estimates for second-quarter profit on Wednesday, helped by higher oil production in Guyana.

Hess profit beats estimates on higher Guyana production

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today reported net income of $757 million, or $2.46 per share, in the second quarter of 2024, compared with net income of $119 million, or $0.39 per share, in the second quarter of 2023. On an adjusted basis, the Corporation reported net income of $809 million, or $2.62 per share in the second quarter of 2024, compared with $201 million or $0.65 per share, in the prior-year quarter. The increase in adjusted after-tax earnings compared with.

News for Hess Stock (HES)