Hess Cancels Earnings Release Conference Call

Rhea-AI Summary

Hess Corporation will no longer hold its Q3 conference call due to its agreement to be acquired by Chevron. Hess will issue its earnings press release and post supplemental earnings information on its website.

Positive

• Hess Corporation has entered into a definitive agreement to be acquired by Chevron, which could positively impact the stock price if the acquisition is approved.

Negative

• Hess Corporation's decision to cancel its Q3 conference call may negatively affect investor confidence in the company.

NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) announced today that it will no longer hold its third quarter results conference call originally scheduled for Wednesday, October 25, 2023 at 10 a.m. Eastern Time due to the announcement earlier today that Hess has entered into a definitive agreement to be acquired by Chevron, subject to shareholder and regulatory approvals and other customary closing conditions.

On Wednesday, October 25, Hess will issue its third quarter earnings press release and post supplemental earnings information on its website at www.hess.com.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at www.hess.com/.

Forward-looking Statements

Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231023325428/en/

Investor contact:

Jay Wilson

(212) 536-8940

jrwilson@hess.com

Media contact:

Lorrie Hecker

(212) 536-8250

lhecker@hess.com

Source: Hess Corporation

FAQ

What is the reason for Hess Corporation canceling its Q3 conference call?

Hess Corporation has entered into a definitive agreement to be acquired by Chevron.

How will Hess Corporation release its third quarter earnings information?

Hess will issue its earnings press release and post supplemental earnings information on its website.

What is the impact of the acquisition agreement on Hess Corporation's stock price?

The acquisition agreement with Chevron could potentially have a positive impact on Hess Corporation's stock price if it is approved.