Hess Corporation (HES)
Market Cap | 46.88B |
Revenue (ttm) | 10.65B |
Net Income (ttm) | 1.38B |
Shares Out | 307.15M |
EPS (ttm) | 4.49 |
PE Ratio | 34.00 |
Forward PE | 22.72 |
Dividend | $1.75 (1.15%) |
Ex-Dividend Date | Mar 15, 2024 |
Volume | 2,042,554 |
Open | 151.69 |
Previous Close | 150.55 |
Day's Range | 150.91 - 152.88 |
52-Week Range | 124.27 - 167.75 |
Beta | 1.28 |
Analysts | Buy |
Price Target | 168.73 (+10.54%) |
Earnings Date | Apr 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 12 analysts, the average rating for HES stock is "Buy." The 12-month stock price forecast is $168.73, which is an increase of 10.54% from the latest price.
News
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...
ExxonMobil Protecting Its Contractual Rights In Dust-Up Over Hess
Chevron announced its acquisition of Hess HES five months ago. Now, Chevron CVX announces that the deal may fall apart because the crown jewel of Hess' properties, its minority stake in an offshore Gu...
Guyana not against Exxon acquiring Hess shares, vice president says
Guyana's vice president Bharrat Jagdeo on Wednesday said the country will accept whatever is the result from discussions between Exxon Mobil Corp , Chevron Corp and Hess Corp regarding participation i...
Exxon's curveball move in Guyana alters Chevron-Hess deal prospects
Exxon Mobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enl...
Hess says pre-emption provision doesn't apply to buyout deal with Chevron
Hess said on Tuesday that a pre-emption provision does not apply to its proposed $53-billion buyout by Chevron and it remains "fully committed" to the deal.
Occidental Petroleum CEO talks the CrownRock deal, Chevron and Hess and natural gas prices
Vicki Hollub, Occidental Petroleum CEO, joins 'Closing Bell' to discuss the company, the CrownRock deal and Chevron and Hess deal and consolidation.
Chevron-Hess deal in Jeopardy?
The Investment Committee debate whether the deal goes through with a possible challenge from Exxon.
Chevron Says Its $53B Purchase of Hess Could Be Jeopardized by Oil Field Agreement
Chevron (CVX) shares fell 2% in intraday trading Tuesday after the energy giant warned its planned $53 billion purchase of Hess (HES) could be jeopardized by a challenge from ExxonMobil (XOM) and Chin...
Chevron-Hess deal could face possible challenge from Exxon
Chevron (CVX) could be facing challenges from Exxon Mobil (XOM) and CNOOC Limited (0883.HK) in the oil producer's acquisition of Hess (HES). Exxon and CNOOC are considering demonstrating their preempt...
Hess shares drop as fight with Exxon Mobil over Guyana oil threatens Chevron takeover
Chevron warned investors that Exxon and Cnooc are claiming a right to purchase Hess's stake in Guyana's offshore oil assets under a joint operating agreement.
Is Chevron's $53 Billion Buyout Of Hess In Trouble?
A story published at the Wall Street Journal late Monday characterizes Chevron's CVX proposed $53 billion buyout of Houston-based Hess HES Corp. as being “in jeopardy” related to Hess's 30 percent own...
Chevron-Hess deal in jeopardy? Here's what to know
Neal Dingmann, Truist Securities energy research energy, joins 'Squawk Box' to discuss the state of Chevron's $53 billion deal to buy Hess, the possible challenge posed from Exxon, how likely the deal...
Chevron Warns $53 Billion Hess Deal May Be at Risk After Exxon Challenge
If the deal falls through, it would be a setback to Chevron, which has recently underperformed rivals and was hoping to get a boost from Hess's 30% stake in the offshore project in South America.