Hess Schedules Earnings Release Date

Rhea-AI Summary

Hess (NYSE: HES) will release its second-quarter earnings on Wednesday, July 31. Concurrently, the company will post additional earnings information on its website. Hess will not host an earnings call due to a definitive agreement for acquisition by Chevron, announced on October 23, 2023. This acquisition is pending shareholder and regulatory approvals and other customary closing conditions. Hess is a prominent global independent energy company focusing on crude oil and natural gas exploration and production.

Positive

• None.

Negative

• Hess will not hold an earnings call for its Q2 results due to the pending acquisition by Chevron, limiting direct investor interaction.
• The acquisition by Chevron is still subject to shareholder and regulatory approvals, creating uncertainty.

NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) announced today that on Wednesday, July 31, it will issue its second quarter earnings press release and post supplemental earnings information on its website at www.hess.com.

The company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to shareholder and regulatory approvals and other customary closing conditions.

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 https://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, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. 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/20240702386074/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

When will Hess release its second-quarter earnings?

Hess is scheduled to release its second-quarter earnings on Wednesday, July 31.

Why won't Hess hold a conference call for its Q2 earnings?

Hess will not hold a conference call for its Q2 earnings due to a pending acquisition by Chevron, requiring shareholder and regulatory approvals.

What is the significance of Hess's acquisition by Chevron?

Hess's acquisition by Chevron is significant as it consolidates Hess's operations under Chevron, pending approvals and customary closing conditions.