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 Corporation (NYSE: HES) announced that CEO John Hess will speak at the 49th Annual Scotia Howard Weil Energy Conference on March 23, 2021, at 10:00 a.m. Eastern Time. The company plans to share a presentation along with an audio webcast available on their website.
Hess Corporation (NYSE: HES) has announced the sale of its subsidiary Hess Denmark ApS, which owns a 61.5% interest in the South Arne Field, to Ineos E&P AS for $150 million, effective January 1, 2021. CEO John Hess highlighted that this move will enhance their cash position and allow for a greater focus on investments in Guyana. The South Arne Field averaged 5,800 barrels of oil equivalent per day in Q4 2020. The sale is expected to conclude in Q3 2021, pending customary approvals.
The Board of Directors of Hess Corporation declared a quarterly dividend of 25 cents per share. This dividend will be paid on March 31, 2021, to shareholders recorded by the close of business on March 17, 2021. As a leading global independent energy company, Hess is engaged in the exploration and production of crude oil and natural gas. For further details, visit hess.com.
Hess Corporation (NYSE: HES) announced that CEO John Hess will present at the Credit Suisse 26th Annual Energy Summit on March 1, 2021, at 8:10 a.m. ET. Investors can access a live audio webcast and a replay on Hess's website. As a leader in the energy sector, Hess is engaged in oil and natural gas exploration and production. Forward-looking statements will be included in the presentation, highlighting the company's outlook on financial performance.
Hess Corporation (NYSE: HES) announced a $1 million donation to the Houston Harris County 2021 Winter Storm Relief Fund and $1 million to the Houston Food Bank to assist communities affected by the severe winter storm and COVID-19 pandemic. The company will also match employee donations through its gift program. CEO John Hess expressed compassion for families impacted by the storm, while COO Greg Hill highlighted support for local leaders in Houston. The relief fund aids families with housing and repair needs, while the food bank provides essentials through community partners.
In a recent CERAWeek Conversations video, John Hess, CEO of Hess Corporation (NYSE: HES), addressed crucial energy topics, emphasizing the need for both climate and energy literacy to combat climate change. He predicts a V-shaped recovery for oil demand by early next year as vaccination efforts continue, while supply recovers more slowly. Hess highlighted the significance of the oil and gas sector to the U.S. economy, noting it provides 12 million jobs. The company aims to enhance cash flow and grow its oil resources, particularly in Guyana, where significant discoveries have been made.
Hess Corporation (NYSE: HES) reported a net loss of $97 million ($0.32/share) in Q4 2020, an improvement from a $222 million loss in Q4 2019. Adjusted net loss was $176 million ($0.58/share), slightly better than the previous year's $180 million loss. The decline in realized crude oil prices was notable, averaging $39.45 per barrel compared to $55.05 in 2019. Cash operating costs per barrel decreased by 10% to $11.31. The company focused on cost reduction and high-return investments in Guyana and the Bakken, with net production at 309,000 boepd, down from 316,000 boepd year-over-year.
Hess Corporation (NYSE: HES) has announced a $1.9 billion capital and exploratory budget for 2021, focused primarily on Guyana and the Bakken, with over 80% allocated to these regions. The company forecasts a net production averaging 310,000 barrels of oil equivalent per day, excluding Libya, with the Bakken expected to contribute 170,000 barrels per day. Investments include $780 million for offshore Guyana developments and $450 million for exploration and appraisal activities, aiming to sustain production and enhance cash flow growth.
Hess Corporation (NYSE: HES) will hold a conference call on January 27, 2021, at 10 a.m. ET to discuss its fourth quarter 2020 earnings release. U.S. participants can call 877-693-6685, while international callers can reach 443-295-9223, using pass code 3282638. The call will also be available via webcast. A replay can be accessed from January 27 through February 11, 2021, using the same pass code. Hess is a leading independent energy company specializing in crude oil and natural gas exploration and production.
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