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Hess Corporation - HES STOCK NEWS

Welcome to our dedicated news page for Hess Corporation (Ticker: HES), a resource for investors and traders seeking the latest updates and insights on Hess Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hess Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hess Corporation's position in the market.

Rhea-AI Summary
Hess announces final investment decision for Whiptail development on Stabroek Block, targeting 1.3 million barrels of oil per day by 2027.
Rhea-AI Impact
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-2.81%
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Rhea-AI Summary
Hess (HES) will release its first quarter earnings on April 25, following a definitive agreement with Chevron for acquisition. The company, a global independent energy player, will not conduct a conference call due to the impending acquisition.
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End-of-Day
-0.04%
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Rhea-AI Summary
Hess Corporation (HES) declares a quarterly dividend of 43.75 cents per share for shareholders, reinforcing its position as a global independent energy company. The dividend will be paid on March 28, 2024, to holders of record on March 18, 2024.
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0.92%
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dividends
Rhea-AI Summary
Hess Corporation (NYSE:HES) has been recognized for climate change stewardship in CDP’s Climate Change Scores for 2023, outperforming the sector, regional, and global averages. The company has earned Leadership status for 15 consecutive years, based on climate related governance, disclosure practices, and risk management.
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-0.58%
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Rhea-AI Summary
Hess Corporation (NYSE: HES) reported net income of $413 million, or $1.34 per share, in the fourth quarter of 2023, compared with $497 million, or $1.61 per share, in the fourth quarter of 2022. Adjusted net income was $501 million, or $1.63 per share, compared with $522 million, or $1.69 per share, in the prior-year quarter. The decrease in adjusted after-tax results compared with the prior-year quarter reflects lower realized gas and natural gas liquids (NGL) selling prices, partially offset by higher production volumes, in the fourth quarter of 2023.
Rhea-AI Impact
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End-of-Day
-2.08%
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Rhea-AI Summary
Hess Corporation (NYSE: HES) will release its fourth quarter earnings on January 31, with supplemental information available on its website. The company will not hold a conference call due to the pending acquisition by Chevron, subject to approvals and closing conditions. Hess is a global independent energy company focused on oil and gas exploration and production.
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Rhea-AI Sentiment
End-of-Day
0.63%
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Rhea-AI Summary
Hess Corporation (NYSE: HES) has earned a place on the prestigious Dow Jones Sustainability World Index (DJSI World) and the North America Index for the 14th consecutive year. It is the only North American oil and gas company listed on DJSI World and one of only four North American oil and gas companies included in DJSI North America. Additionally, the company achieved a Level 4 rating on the Transition Pathway Initiative (TPI) for the third consecutive year, demonstrating its commitment to managing climate-related risks and opportunities. Hess also secured a spot on Newsweek & Statista’s America’s Most Responsible Companies List for the fifth consecutive year and has been named a 5-year champion, reflecting its strong environmental, social, and governance impact.
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End-of-Day
4.66%
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Rhea-AI Summary
Hess Corporation (NYSE: HES) declares a regular quarterly dividend of 43.75 cents per share, payable on December 29, 2023. The company is a global independent energy company engaged in the exploration and production of crude oil and natural gas.
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Rhea-AI Sentiment
End-of-Day
-2.97%
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Rhea-AI Summary
Hess Corporation (NYSE: HES) announces the startup of production from the Payara development on the Stabroek Block offshore Guyana, adding 220,000 gross barrels of oil per day of production capacity. The production capacity on the block has increased to approximately 620,000 gross barrels of oil per day. The Prosperity floating production, storage, and offloading (FPSO) vessel is utilized for the Payara development, with expectations to reach its initial production of 220,000 gross barrels of oil per day over the first half of 2024 as new wells are brought online.
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0.76%
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Rhea-AI Summary
Hess Corporation reports net income of $504 million in Q3 2023, down from $515 million in Q3 2022. The company's net production increased to 395,000 boepd, up 13% from the previous year. Full-year guidance for net production is also raised to 390,000 boepd. Capital and exploratory expenditures are expected to be approximately $4.1 billion.
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Rhea-AI Sentiment
End-of-Day
-0.53%
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Hess Corporation

NYSE:HES

HES Rankings

HES Stock Data

47.20B
282.94M
9.48%
80.03%
1.88%
Petroleum Refineries
Manufacturing
Link
US
New York

About HES

Hess Corporation is an American global independent energy company involved in the exploration and production of crude oil and natural gas. he company is also involved in gathering, compressing, and processing natural gas.