Hess Corporation (HES)

NYSE: HES · IEX Real-Time Price · USD
148.19
+2.44 (1.67%)
Mar 1, 2024, 4:00 PM EST - Market closed
1.67%
Market Cap 45.52B
Revenue (ttm) 10.65B
Net Income (ttm) 1.38B
Shares Out 307.15M
EPS (ttm) 4.49
PE Ratio 33.00
Forward PE 21.95
Dividend $1.75 (1.18%)
Ex-Dividend Date Dec 15, 2023
Volume 3,060,225
Open 147.00
Previous Close 145.75
Day's Range 146.22 - 149.10
52-Week Range 113.82 - 167.75
Beta 1.29
Analysts Buy
Price Target 167.64 (+13.13%)
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]

Industry Oil & Gas E&P
Sector Energy
Founded 1920
Employees 1,756
Stock Exchange NYSE
Ticker Symbol HES
Full Company Profile

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 Statements

Analyst Forecast

According to 12 analysts, the average rating for HES stock is "Buy." The 12-month stock price forecast is $167.64, which is an increase of 13.13% from the latest price.

Price Target
$167.64
(13.13% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

Other symbols: XOM
2 days ago - Forbes

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...

Other symbols: XOM
4 days ago - Reuters

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...

Other symbols: CVXXOM
4 days ago - Reuters

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.

Other symbols: CVX
5 days ago - Reuters

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.

Other symbols: CVXOXY
5 days ago - CNBC Television

Chevron-Hess deal in Jeopardy?

The Investment Committee debate whether the deal goes through with a possible challenge from Exxon.

Other symbols: CVX
5 days ago - CNBC Television

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...

Other symbols: CVX
5 days ago - Investopedia

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...

Other symbols: CVXXOM
5 days ago - Yahoo Finance

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.

Other symbols: CVXXOM
5 days ago - CNBC

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...

Other symbols: CVX
5 days ago - Forbes

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...

Other symbols: CVX
5 days ago - CNBC Television

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.

Other symbols: CVXXOM
5 days ago - Barrons

Chevron, Exxon in dispute over Hess stake in Guyana oil block

Chevron Corp on Monday said it is in talks with Exxon Mobil Corp and China's CNOOC over whether the two have a right of first refusal to acquire Hess Corp.'s stake in the Stabroek oil block in Guyana.

Other symbols: CVXXOM
6 days ago - Reuters

Exxon Throws a Wrench in Chevron's $53 Billion Deal for Hess

The Texas oil company has said it could pre-emptively match the price Chevron offered Hess for its 30% stake in a booming oil prospect off of Guyana's coast.

Other symbols: CVXXOM
6 days ago - WSJ

Hess Achieves CDP Climate Change Leadership Status

NEW YORK--(BUSINESS WIRE)--Hess Achieves CDP Climate Change Leadership Status for 15th Consecutive Year.

25 days ago - Business Wire

Hess Offers Cheap Way to Buy Chevron Due to Venezuela Worries

Hess stock trades at a roughly 7% discount to the current value of Chevron's all-stock offer for the energy company.

Other symbols: CVX
4 weeks ago - Barrons

Oil producer Hess beats fourth-quarter profit estimates

Oil and gas firm Hess beat Wall Street estimates for fourth-quarter profit on Wednesday, buoyed by higher production in Bakken shale and Guyana.

4 weeks ago - Reuters

Hess Reports Estimated Results for the Fourth Quarter of 2023

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...

4 weeks ago - Business Wire

Hess stock to see 96% growth in EPS

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....

4 weeks ago - MarketBeat

Hess Schedules Earnings Release Date

NEW YORK--(BUSINESS WIRE)--Hess Schedules Earnings Release Date.

7 weeks ago - Business Wire

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

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.

2 months ago - Business Wire

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

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

Other symbols: CVX
2 months ago - Benzinga

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

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 endan...

Other symbols: BPCVXSHEL
2 months ago - Market Watch

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

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 Vent...

2 months ago - Accesswire

Hess Recognized for Sustainability Performance

NEW YORK--(BUSINESS WIRE)--Hess Recognized for Sustainability Performance.

2 months ago - Business Wire