Welcome to our dedicated page for Hess Corporation news (Ticker: HES), a resource for investors and traders seeking the latest updates and insights on Hess Corporation stock.
Hess Corporation (HES) is an American global independent energy company focused on the exploration and production of crude oil and natural gas. Hess operates key assets in some of the world's most prolific hydrocarbon basins, including the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia.
In addition to exploration and production, Hess Corporation is involved in the gathering, compressing, and processing of natural gas. The company reported net proved reserves of 1.4 billion barrels of oil equivalent at the end of 2023, showcasing its strong resource base. For the same period, Hess achieved an average net production of 391 thousand barrels of oil equivalent per day, with a production mix of 74% oil and natural gas liquids and 26% natural gas.
Hess Corporation has made significant advancements in its projects, particularly in Guyana, where the company has announced multiple major oil discoveries. These discoveries have positioned Guyana as a key growth driver for Hess. Moreover, the company's operations in the Bakken Shale continue to deliver strong performance due to their efficient extraction techniques and infrastructure investments.
Financially, Hess Corporation maintains a robust balance sheet and has strategically formed partnerships to enhance its operational capabilities. The company remains committed to responsible energy production and sustainability practices, aiming to reduce its environmental footprint while meeting global energy needs.
With a focus on technological innovation and operational excellence, Hess Corporation is well-positioned to continue its growth trajectory and contribute significantly to the global energy market.
- Key Assets: Bakken Shale, Guyana, Gulf of Mexico, Southeast Asia
- 2023 Net Proved Reserves: 1.4 billion barrels of oil equivalent
- 2023 Average Net Production: 391 thousand barrels of oil equivalent per day
- Production Mix: 74% oil and natural gas liquids, 26% natural gas
The Board of Directors of Hess Corporation (NYSE: HES) has announced a quarterly dividend of 25 cents per share. This dividend is scheduled for payment on December 30, 2021, to shareholders on record by the end of business on December 15, 2021. Hess Corporation is a prominent global independent energy company engaged in oil and gas exploration and production.
Hess Corporation (NYSE: HES) announced that CEO John Hess will speak at the Bank of America Securities 2021 Global Energy Conference on November 17, 2021, at 9:00 a.m. ET. An audio webcast of the presentation will be available for live viewing and later replay on Hess's website. Hess Corporation is a prominent independent energy company focused on crude oil and natural gas exploration and production.
Hess Corporation reported a net income of $115 million ($0.37 per share) for Q3 2021, a significant recovery from a net loss of $243 million in Q3 2020. Adjusted net income was $86 million, compared to an adjusted loss of $216 million the previous year. The company increased its recoverable resource estimate on the Stabroek Block to approximately 10 billion barrels of oil equivalent, with new discoveries announced. However, production was lower due to curtailments and hurricane impacts. Cash flow from operations rose to $615 million, up from $136 million in 2020, reflecting better realized pricing.
Hess Corporation (NYSE: HES) will hold a conference call on October 27, 2021 at 10 a.m. Eastern Time to discuss its third quarter 2021 earnings release. U.S. participants can call 877-693-6685 while international callers should dial 443-295-9223, using pass code 5934198. A replay will be available from October 27 to November 10 via 855-859-2056 domestically and 404-537-3406 internationally. Hess is a significant player in oil and gas exploration and production.
Hess Corporation (NYSE: HES) announced an increase in the recoverable resource estimate for the Stabroek Block in Guyana to approximately 10 billion barrels of oil equivalent, up from over 9 billion. The latest discovery, made at the Cataback well, includes 243 feet of net pay in high-quality hydrocarbon-bearing sandstone. CEO John Hess emphasized the potential for future developments, marking Cataback as the 21st significant discovery in the block, which spans 6.6 million acres. Hess holds a 30% interest in the block, alongside ExxonMobil and CNOOC.
Hess Corporation (NYSE: HES) announced its 20th significant oil discovery on the Stabroek Block off the coast of Guyana at Pinktail, adding to its recoverable resource estimate of over 9 billion barrels of oil equivalent. The Pinktail well encountered 220 feet of net pay in high-quality oil-bearing sandstone. Additionally, the Turbot-2 well confirmed further oil pay, enhancing earlier findings. The Liza Unity FPSO is set to begin production in early 2022, with a capacity of approximately 220,000 gross barrels per day. Ongoing exploration strengthens Hess's position in the energy sector.
The Board of Directors of Hess Corporation (NYSE: HES) announced a regular quarterly dividend of 25 cents per share. This dividend will be paid to shareholders on September 30, 2021, for those on record by September 15, 2021. Hess is a prominent global independent energy company focused on crude oil and natural gas exploration and production.
Hess Corporation (NYSE: HES) announced that CEO John Hess will present at the Barclays CEO Energy-Power Conference in New York on September 9, 2021, at 8:00 a.m. Eastern Time. Interested parties can access a live audio webcast and a replay via Hess Corporation’s website. Hess Corporation is a global independent energy company focused on crude oil and natural gas exploration and production. Further details are available in the company's periodic reports filed with the Securities and Exchange Commission.
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