Hess Corporation (HES)
| Market Cap | 46.36B |
| Revenue (ttm) | 12.66B |
| Net Income (ttm) | 2.77B |
| Shares Out | 307.10M |
| EPS (ttm) | 8.98 |
| PE Ratio | 16.76 |
| Forward PE | 17.89 |
| Dividend | $2.00 (1.33%) |
| Ex-Dividend Date | Dec 16, 2024 |
| Volume | 1,023,736 |
| Open | 149.61 |
| Previous Close | 149.27 |
| Day's Range | 149.11 - 151.25 |
| 52-Week Range | 123.79 - 163.98 |
| Beta | 1.18 |
| Analysts | Buy |
| Price Target | 171.20 (+13.41%) |
| Earnings Date | Jan 29, 2025 |
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 2024, Hess Corporation's revenue was $12.66 billion, an increase of 22.99% compared to the previous year's $10.30 billion. Earnings were $2.77 billion, an increase of 100.36%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for HES stock is "Buy." The 12-month stock price forecast is $171.2, which is an increase of 13.41% from the latest price.
News
Chevron struggles to replace oil, gas reserves amid Hess deal limbo
Chevron's oil and gas reserves have fallen to the lowest point in at least a decade, highlighting the importance of the U.S. major's planned acquisition of oil producer Hess that has stalled due to a ...
Hess Corporation: Advantage To Exxon Mobil
Hess Corporation's profits are driven by Guyana operations. Exxon Mobil's position strengthens as arbitration continues. The value of Hess keeps increasing with rising Guyana production and the slow a...
Hess Midstream: Hess Issues Domination Continues
Hess Corporation, operating in the Bakken, has been unprofitable for some time in the United States. The financial health of Hess Midstream is threatened by the ongoing issues faced by its parent comp...
Hess Midstream Continues To Deliver Excellent Results In Q4
Hess Midstream LP has shown strong performance, with shares up 21% over the past year and a near-7% dividend yield, reaching a 52-week-high. The company reported solid quarterly results, with revenue ...
Shale producer Hess beats profit estimates on higher output in US, Guyana
Oil and gas producer Hess Corp's fourth-quarter profit surpassed Wall Street expectations on Wednesday, buoyed by higher production volumes in the United States and Guyana.
Hess Reports Estimated Results for the Fourth Quarter of 2024
NEW YORK--(BUSINESS WIRE)--Hess Corporation Fourth Quarter 2024 Earnings Release.
US FTC finalizes consent order for $53 bln Chevron-Hess merger
The U.S. Federal Trade Commision (FTC) said on Friday it had approved a consent order to resolve antitrust issues concerning Chevron's $53 billion takeover of Hess.
Hess CEO offers upbeat oil demand forecast, says Guyana's potential barely scratched
Hess CEO John Hess on Tuesday said he sees the oil market as closer to being balanced than oversupplied this year, despite worries about demand from China and greater production from U.S. and non-OPEC...
Hess Named to Dow Jones Sustainability Index and Wall Street Journal's List of Top 250 Best Managed Companies
NEW YORK--(BUSINESS WIRE)--Hess Named to Dow Jones Sustainability Index and Wall Street Journal's List of Top 250 Best Managed Companies.
Hess Schedules Earnings Release Date
NEW YORK--(BUSINESS WIRE)--Hess Schedules Earnings Release Date.
My New Year's Resolution For 2025: Invest $10,000 In These 6 Stocks
I review here the stocks of six quality companies that I am convinced will bring me closer to my ambitious goal of being able to fund my living expenses through dividends. Dividend growth investing is...
Hess to Participate in Goldman Sachs Energy, CleanTech and Utilities Conference
NEW YORK--(BUSINESS WIRE)--Hess to Participate in Goldman Sachs Energy, CleanTech and Utilities Conference.
Exxon wants to extract its value from Hess Guyana assets, CEO says
Exxon Mobil want to "participate" in Hess Corp.'s sale of its Guyana oil production assets, and extract value from the work it has put into developing the country's offshore fields, two of its top exe...
Hess Recognized for Sustainability Performance
NEW YORK--(BUSINESS WIRE)--Hess Recognized for Sustainability Performance.
Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Hess Announces Regular Quarterly Dividend On Common Stock.
Hess to Participate in Wolfe Research Oil & Gas Conference
NEW YORK--(BUSINESS WIRE)--Hess to Participate in Wolfe Research Oil & Gas Conference.
Focus: Chevron CEO under pressure to halt share slide as Hess deal stalls
Five years ago, Chevron CEO Michael Wirth won Wall Street acclaim as the No. 2 U.S. oil company briefly achieved a market value larger than Exxon Mobil's after he refused to get into a bidding war wit...
Hess Midstream Operations Are Great And Overshadowed By The Acquisition
Hess reported unfavorable United States results and has for some time. Hess Midstream services the largest part of the United States business. Clearly, the profitability situation needs to be fixed.
Hess posts quarterly profit beat as Guyana oil output stays strong
Hess Corp beat estimates for third-quarter profit on Wednesday, helped by higher oil production in Guyana.
Hess Reports Estimated Results for the Third Quarter of 2024
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today reported net income of $498 million, or $1.62 per share, in the third quarter of 2024, compared with net income of $504 million, or $1.64 ...
PureFacts Names FinTech Veteran Pete Hess as President
TORONTO--(BUSINESS WIRE)-- #EnablingGrowth--PureFacts Financial Solutions (“PureFacts”), an award-winning provider of end-to-end revenue management solutions for the wealth and asset management indust...
October's 5 Dividend Growth Stocks With 5.10%+ Yields
Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividen...
Chevron-Hess Merger Approved: Should You Buy Before Earnings?
With so many news items clamoring for investors' attention, investors may not have noticed that the U.S. Federal Trade Commission (FTC) approved the merger between Chevron Corporation CVX and Hess Cor...
Energy Sector Rebound: 3 Stocks Poised for Strong Gains
The energy sector is experiencing a sharp rebound following a significant escalation in Middle Eastern tensions after Iran launched a missile attack on Israel on October 1. While the immediate physica...
Analyst Questions 'What Could Hess Be Worth?' As Chevron Advances In Acquisition Efforts
Hess Corporation HES and Chevron Corporation CVX shares are trading higher on Tuesday.