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

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

The markets may have just ended their super cycle for the past four years (2020-2024), sponsored by low-interest rate environments pushed by the FED to counteract the effects of the COVID-19 pandemic. After inflation ran wild and the FED hiked rates to levels not seen in decades, it could be time for the cycle to start again.

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.

Analysts Estimate Hess (HES) to Report a Decline in Earnings: What to Look Out for

Chevron

Johnson & Johnson

Realty Income Corp

This integrated giant is a safer way for investors looking to get positioned in the energy sector and pays a rich 4.10% dividend.

5 Dividend Aristocrats That Are Also Wall Street Top Stock Ideas For 2024

While having strong earnings potential is noteworthy, what holds paramount importance for ExxonMobil (XOM) and Chevron (CVX) is their proficiency in free cash flow conversions.

2 Energy Biggies With Solid Free Cashflow Conversion to Watch

Medical Properties Trust

W. P. Carey

I am adjusting my portfolio to reduce risk and am considering investing in W. P. Carey. WPC experienced a stock price rebound after a spinoff and dividend cut, and I believe the company will recover. I am cautious about Hess Midstream and Medical Properties Trust due to uncertainties and financial issues.

Why I Am Selling Medical Properties Trust And Hess Midstream To Buy W. P. Carey

PISCATAWAY, N.J.--(BUSINESS WIRE)--Mr. Hess will apply the depth and breadth of his experience within the MedTech industry to lead IEEE Pulse the flagship magazine for IEEE EMBS.

Biomedical Technology Veteran Mike Hess Joins IEEE Pulse as Editor-in-Chief

Guyana likely has the upper hand in the dispute with Venezuela, as it has support from Brazil, Great Britain, and the United States. Venezuela's government is unpopular and broke. This whole situation could be a last gasp attempt to avoid collapse and retain power. The Guyana partnership is proceeding as planned, with the latest FPSO beginning production, and there is potential for further exploration and development in the future.

The Hess Merger Is Likely Going Through, Why Buying The Stock Still Makes Sense

Chevron Corporation CVX shares closed slightly higher on Thursday despite a decline in crude oil prices.

How To Earn $500 A Month From Chevron Stock Ahead Of Hess Deal Closing - Chevron (NYSE:CVX)

Shell PLC

WASHINGTON — Oil companies offered $382 million for drilling rights in the Gulf of Mexico on Wednesday after courts rejected the Biden administration's plans to scale back the sale to protect an endangered whale species.

Oil companies offer $382 million for drilling rights in Gulf of Mexico in last offshore sale before 2025

De Nora Will Utilize H2U's Catalyst Discovery Engine™ to Identify Low-cost, Durable Catalysts for Water Electrolysis TULSA, OK and CHATSWORTH, CA / ACCESSWIRE / December 19, 2023 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company") is pleased to announce that its portfolio company, H2U Technologies , a next-generation electrolyzer developer, and De Nora , the world's largest supplier of high-performing catalyst-coated membranes, have entered an R&D agreement to identify and develop low-cost, high-performance electrocatalysts for hydrogen production through water electrolysis. These catalysts are expected to enable the market presence of affordable green hydrogen, thereby addressing a specific market need, facilitating the expansion of the hydrogen value chain and driving the energy transition.

JEV Portfolio Company H2U and De Nora Enter Research & Development Agreement to Discover High-Performance Materials for Green Hydrogen Production

Shares of the U.S. oil and gas producer fell nearly 5% to $134.50 last week even as the S&P 500 rose for the sixth straight week. The downturn is significant because it puts Hess more than 20% below Chevron's initial acquisition price of $171.00.

Don't hesitate to trade Hess well below Chevron's buyout price

APA Corporation

Crude oil prices have been in a downturn, down 27% from recent highs, but technical indicators suggest the bottom may be near. The US may soon replenish its strategic oil reserves, providing support for oil prices. Geopolitical threats and a potential shift in the Fed's monetary stance could also contribute to higher oil prices in the future.

3 Crude Oil Stocks To Buy Now

Cigna

ConocoPhillips

Cisco Systems

Humana

Paycom Software

Walgreens

Exxon Mobil

Energy was the sole S&P 500 sector to decline this month as the index marched toward its best month since July 2022.

These Stocks Were Left Behind In November's Historic Rally

Hess (HES) reported earnings 30 days ago. What's next for the stock?

Why Is Hess (HES) Down 5.7% Since Last Earnings Report?

NEW YORK--(BUSINESS WIRE)--Hess Announces First Production from Payara Development, Offshore Guyana.

Hess Announces First Production from Payara Development, Offshore Guyana

Chevron's deal to buy Hess will unlock $15 billion worth of tax benefits that had once been relegated to the accounting dustbin, as the combined company takes advantage of Hess's past losses to cut future payments, according to the company and tax experts.

Chevron takeover of Hess resurrects multi-billion dollar tax shield

Extra Space Storage

First Solar

Las Vegas Sands

Lamb Weston Hlds

Newmont Mining

NVIDIA

ONEOK

Qorvo

Xylem

It's not even 2024 yet, and investors want to know where the S&P 500's growth will come from.

10 Stocks' Growth Kicks Off Next Year With A Bang

Hess (HES) expects substantial growth in the free cash flow in the coming years, and intends to allocate it toward reducing the debt burden and returning capital to its shareholders.

Here's Why You Should Consider Buying Hess (HES) Stock Now

This is a massive economic impact, one so large that the Nicolas Maduro government in Venezuela recently renewed its longstanding claim to own rights along the western

Guyana Oil Development Back In Focus After Chevron, Hess Deal

Callon Petroleum

Diamondback Energy

Permian Resources Corp

Pioneer Natural Resources

SM Energy

Vital Energy Inc

Energy Select Sector SPDR Fund

This could be a good time for investors to pour money into stocks of companies involved in the production of oil and natural gas. And the best reason for that may have nothing to do with military conflict.

Five potential takeover targets in the oil industry, following deals by Exxon Mobil and Chevron

Schlumberger

Oil stocks are back in focus, with the ongoing Israel-Hamas war pushing oil prices higher on fears of a wider conflict in the Middle East that could disrupt supplies. Further, the recently announced mega deals in the sector have gained investors' attention.

Which Oil Stock Could Deliver the Most Attractive Returns?

Chevron's deal announced last week to buy Hess , one of the largest operators in the Bakken shale play in North Dakota, could raise oil output there marginally but analysts do not expect a return to its peak pre-pandemic boom days.

Chevron-Hess deal may lift Bakken oil output, but no return to boom days

News for Hess Stock (HES)