Hess Corporation (HES)

NYSE: HES · IEX Real-Time Price · USD
152.64
+2.09 (1.39%)
At close: Mar 28, 2024, 4:00 PM
152.48
-0.16 (-0.10%)
After-hours: Mar 28, 2024, 7:57 PM EDT
1.39%
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]

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 $168.73, which is an increase of 10.54% from the latest price.

Price Target
$168.73
(10.54% upside)
Analyst Consensus: Buy
Stock Forecasts

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.

Other symbols: CVX
13 hours ago - Reuters

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...

7 days ago - Reuters

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.

Other symbols: CVXXOM
10 days ago - CNBC

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.

Other symbols: XOM
10 days ago - Reuters

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...

Other symbols: CVX
20 days ago - Reuters

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.

Other symbols: CVXXOM
21 days ago - CNBC

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.

Other symbols: CVX
21 days ago - Reuters

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...

Other symbols: CVX
21 days ago - Forbes

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.

Other symbols: CVXXOM
21 days ago - Barrons

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.

Other symbols: CVXXOM
22 days ago - CNBC

Hess Announces Regular Quarterly Dividend On Common Stock

NEW YORK--(BUSINESS WIRE)--Hess Announces Regular Quarterly Dividend On Common Stock.

22 days ago - Business Wire

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.

Other symbols: CVXXOM
22 days ago - WSJ

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...

Other symbols: XOM
22 days ago - Reuters

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
4 weeks 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 weeks 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 weeks 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
4 weeks 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
4 weeks 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
4 weeks 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
4 weeks 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
4 weeks 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
4 weeks 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
4 weeks 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
4 weeks 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
4 weeks ago - Barrons