Welcome to our dedicated page for Hess news (Ticker: HES), a resource for investors and traders seeking the latest updates and insights on Hess stock.
Hess Corporation (HES) is a leading global independent energy company focused on oil and gas exploration, production, and processing. This page aggregates official press releases, financial announcements, and market-related developments directly from Hess and trusted industry sources.
Investors and industry professionals can track critical updates including quarterly earnings reports, strategic partnerships, operational milestones, and regulatory filings. Our curated collection ensures timely access to decision-relevant information while maintaining strict editorial standards for accuracy and relevance.
Key content categories include production updates from core assets like the Bakken Shale and Guyana offshore developments, sustainability initiatives, executive leadership changes, and analysis of market trends impacting the energy sector. All materials are organized chronologically for efficient navigation.
Bookmark this page for continuous access to Hess Corporation's latest developments. For comprehensive tracking of HES stock performance and energy market dynamics, visit regularly to stay informed through primary source materials and expert-curated news.
Hess (NYSE: HES) has announced it will release its first quarter earnings and supplemental information on Wednesday, April 30, via its website www.hess.com. The company noted it will not conduct a conference call for this earnings release due to the pending acquisition by Chevron, which was announced on October 23, 2023.
Hess, a leading global independent energy company focused on crude oil and natural gas exploration and production, is currently subject to the closing conditions of the Chevron acquisition agreement. The announcement includes standard forward-looking statements disclaimers regarding potential risks and uncertainties that could affect actual results.
Hess (NYSE: HES) and the Government of Guyana announced a five-year extension of their national healthcare initiative in partnership with Mount Sinai Health System. The program, launched in 2022, aims to transform Guyana's public health system by 2030.
The initiative has already achieved significant milestones, including over 35,000 child health screenings and the upcoming graduation of nearly 900 nursing assistants in 2025. The next phase will focus on six key pillars: establishing a national cancer center, developing the National Women's and Children's Hospital, implementing community-centered care, quality improvement programs, creating an advanced digital health system, and building healthcare workforce capacity.
The collaboration has already established a state-of-the-art pathology lab and implemented new digital protection laws. The initiative will continue to be jointly funded by Hess and the Government of Guyana, with Mount Sinai providing healthcare expertise and implementation support.
Hess (NYSE: HES) has announced its regular quarterly dividend payment. The company's Board of Directors has declared a dividend of $0.50 per share on common stock, which will be paid on March 31, 2025. Shareholders who are recorded holders at the close of business on March 17, 2025 will be eligible for this dividend payment.
Hess operates as a leading global independent energy company, focusing on crude oil and natural gas exploration and production.
Hess (NYSE: HES) reported strong Q4 2024 results with net income of $542 million ($1.76 per share), up from $413 million ($1.34 per share) in Q4 2023. Oil and gas net production increased 18% to 495,000 barrels of oil equivalent per day (boepd), driven by significant growth in Guyana (+52%) and Bakken (+7%) operations.
The company's E&P capital expenditures were $1,677 million, including $635 million for FPSO vessel purchases. Year-end proved reserves reached 1.44 billion barrels of oil equivalent with a 138% organic reserve replacement rate. Average realized crude oil selling price was $72.10 per barrel, down from $76.63 in the prior-year quarter.
For Q1 2025, E&P net production is expected to range between 465,000-475,000 boepd, reflecting planned maintenance in Guyana and winter weather impact in Bakken. The company maintained strong liquidity with $1.2 billion in cash and a debt to capitalization ratio of 28.3%.
Hess (NYSE: HES) has achieved significant recognition for its sustainability and management excellence. The company has been included in the Dow Jones Sustainability Index (DJSI) North America for the 15th consecutive year and has made it to the DJSI World Index for the third time. Notably, Hess is the only North American oil and gas producer in DJSI World and one of only four oil and gas companies in DJSI North America.
Additionally, Hess has been recognized in the Wall Street Journal's Top 250 Best Managed Companies of 2024, securing an impressive 8th place ranking for social responsibility. The WSJ ranking evaluates companies across five key areas: customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength, using 35 data inputs from 16 third-party sources.
Hess (NYSE: HES) has announced it will release its fourth quarter earnings and post supplemental information on its website on Wednesday, January 29. The company will not conduct a conference call due to the pending acquisition by Chevron, which was announced on October 23, 2023. The acquisition remains subject to closing conditions.
Hess operates as a global independent energy company focused on crude oil and natural gas exploration and production.
Hess (NYSE: HES) has announced that CEO John Hess will participate in a Fireside Chat at the Goldman Sachs Energy, CleanTech and Utilities Conference. The event is scheduled for January 7, 2025, at 11:00 a.m. Eastern Time. The company will provide a live webcast of the discussion, with a replay available on the Hess website. Hess is a global independent energy company focused on crude oil and natural gas exploration and production.
Hess (NYSE: HES) has achieved significant recognition for its sustainability efforts, securing the highest 'Level 5' rating in the Transition Pathway Initiative's 2024 Management Quality assessment for the fifth consecutive year. Notably, Hess stands as the only U.S. oil and gas company to achieve this distinction.
The company has also been named to Newsweek's America's Most Responsible Companies 2025 list, ranking as the highest-placed oil and gas company. This recognition is based on an analysis of the top 2,000 public companies by revenue, considering ESG performance indicators.
TPI evaluates over 2,000 companies on their greenhouse gas emissions management and strategic approach to low carbon economy risks and opportunities, aligned with frameworks including CDP, Global Reporting Initiative, Climate Action 100+ Initiative, and Task Force on Climate-related Financial Disclosures recommendations.
Hess (NYSE: HES) has announced its regular quarterly dividend of 50 cents per share on Common Stock. The dividend will be payable on December 31, 2024, to shareholders of record as of the close of business on December 16, 2024. Hess is a global independent energy company focused on crude oil and natural gas exploration and production.
Hess (NYSE: HES) announced that CEO John Hess will participate in a Keynote Fireside Chat at the Wolfe Research Oil & Gas Conference on Wednesday, November 20 at 7:50 a.m. Eastern Time. The event will be accessible through a live audio webcast and replay on the company's website.
Hess operates as a global independent energy company focused on crude oil and natural gas exploration and production.
