Hess Corporation (HES)
| Market Cap | 45.88B |
| Revenue (ttm) | 11.53B |
| Net Income (ttm) | 2.01B |
| Shares Out | 308.11M |
| EPS (ttm) | 6.53 |
| PE Ratio | 22.81 |
| Forward PE | 14.78 |
| Dividend | $1.75 (1.18%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 2,894,966 |
| Open | 149.42 |
| Previous Close | 148.12 |
| Day's Range | 147.50 - 149.57 |
| 52-Week Range | 129.12 - 167.75 |
| Beta | 1.20 |
| Analysts | Buy |
| Price Target | 175.33 (+17.73%) |
| Earnings Date | Jul 24, 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 $175.33, which is an increase of 17.73% from the latest price.
News
Exxon-Hess arbitration panel nears formation, sources say
The final member has been chosen for a three-person arbitration panel meant to settle Exxon Mobil's claim against Chevron's $53 billion purchase of Hess Corp , two people familiar with the matter told...
Hess CEO to join Goldman Sachs board as independent director
John Hess, CEO of Hess Corp , has joined the board of Goldman Sachs as independent director, the Wall Street firm said on Monday.
Hess Crosses Above Key Moving Average Level
In trading on Monday, shares of Hess crossed above their 200 day moving average of $149.20, changing hands as high as $150.25 per share. Hess shares are currently trading up about 2.7% on the day.
Exxon-Hess arbitration panel incomplete, Hess sale to Chevron stalled
A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case was filed, stalling a decision on whether Exxon...
Acquisition Premiums Return To The Oil Patch
The shale industry is showing signs of maturity. Some acquisition trends appear to be burgeoning, such as acquisition premiums, more debt, and looser hedging requirements.
Hess shareholder vote on Chevron deal easily met majority required -filing
Hess shareholders cast 157.6 million 'yes' votes in favor of its sale to Chevron, a Securities and Exchange Commission filing on Friday showed, more than 3 million more than required to pass.
Chevron shareholders re-elect all directors, CEO confident on Hess deal
Chevron shareholders on Wednesday voted to re-elect all 12 sitting directors to its board, in a sign of support for the oil major.
Oil deals: Shareholders approve Hess sale, Conoco acquires Marathon
Hess (HES) shareholders have officially voted in favor of selling the company to Chevron (CVX) in a deal valued at $53 billion. However, the path to finalizing this transaction still presents several ...
Hess Shareholders Give Approval to $53 Billion Merger With Chevron
Investors' green light cleared one hurdle for the tie-up to happen but a challenge by Exxon makes the final outcome uncertain.
Hess shareholders approve $53B merger with Chevron, reports say
CNBC's Pippa Stevens joins 'Power Lunch' to discuss Hess shareholders approving merger with Chevron.
Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron
NEW YORK--(BUSINESS WIRE)--Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron.
Hess shareholders approve merger with Chevron
Hess Corp on Tuesday approved the company's $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote.
Hess investors to vote on Chevron deal amid growing postponement calls
Hess Corp shareholders will vote on Tuesday on Chevron's proposed $53 billion acquisition of the company, after many investors have called for a delay in hopes of obtaining a better offer for their sh...
Hess shareholders to vote on Chevron deal as dispute with Exxon over Guyana assets creates uncertainty
The Chevron-Hess deal was originally slated to close in the first half of 2024, but that timeline has been delayed due to a dispute with Exxon Mobil. Exxon claims a right of first refusal over Hess' l...
Hess Corp stock: A buy amid merger drama?
Hess Corporation (NYSE:HES) has been at the center of a significant corporate event since October 23, 2023, when Chevron Corporation (NYSE:CVX) announced its plans to acquire Hess for $53 billion, val...
Chevron-Hess Deal Vote Is Looking Like a ‘Coin Toss'
Chevron hopes to buy Hess for $53 billion. But the status of the deal looks shakier than ever,
Hess-Chevron merger vote appears ripe for narrow approval
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion...
Hess facing three lawsuits over disclosures in Chevron deal
Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron.
Glass Lewis Recommends Hess Shareholders Vote For Proposed Merger With Chevron
NEW YORK--(BUSINESS WIRE)--Glass Lewis Recommends Hess Shareholders Vote For Proposed Merger with Chevron.
Proxy adviser Glass Lewis urges Hess shareholders accept Chevron takeover offer
Hess shareholders should vote in favor of Chevron Corp's $53 billion offer at the company's May 28 special meeting, proxy adviser Glass Lewis said on Thursday.
Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Hess Announces Regular Quarterly Dividend On Common Stock.
ISS recommends Hess shareholders abstain from voting for merger with Chevron
Proxy advisory firm ISS recommended on Monday that Hess shareholders abstain from voting for Chevron's proposed $53 billion acquisition of Hess.
Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger
U.S Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to "pump the breaks" on Chevron Corp's proposed $53 billion acquisition of Hess Corp.
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 , May 10, 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 Securitie...
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.