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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.

News
Hess Reports Estimated Results for the Third Quarter of 2023
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
earnings
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News
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.77%
Tags
earnings
-
News
Chevron Announces Agreement to Acquire Hess
Rhea-AI Summary
Chevron Corporation has announced an agreement to acquire all outstanding shares of Hess Corporation in an all-stock transaction valued at $53 billion. The acquisition is expected to strengthen Chevron's portfolio and diversify its assets, with the addition of Hess' Bakken assets and the Stabroek block in Guyana. The combined company is projected to experience production and free cash flow growth beyond Chevron's current five-year guidance. John Hess, CEO of Hess, is expected to join Chevron's Board of Directors. The transaction is subject to shareholder and regulatory approvals and is anticipated to close in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.69%
Tags
acquisition
News
Hess Schedules Earnings Release Conference Call
Rhea-AI Summary
Hess Corporation to hold conference call on October 25, 2023 to discuss third quarter earnings release
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
Tags
earnings
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News
Hess Announces Regular Quarterly Dividend On Common Stock
Rhea-AI Summary
Hess Corporation declares a quarterly dividend of 43.75 cents per share, positive for investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
dividends
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News
Hess to Participate in Barclays CEO Energy-Power Conference
Rhea-AI Summary
Hess Corporation CEO to present at Barclays CEO Energy-Power Conference on September 7, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
Tags
conferences
News
Hess Reports Estimated Results for the Second Quarter of 2023
Rhea-AI Summary
Hess Corporation (NYSE: HES) reported a net income of $119 million, or $0.39 per share, in Q2 2023, compared to $667 million, or $2.15 per share, in Q2 2022. The company sanctioned the development of Uaru, the fifth development on the Stabroek Block, offshore Guyana, with a production capacity of approximately 250,000 gross barrels of oil per day. They also extended the exploration license for the Stabroek Block by one year to October 2027 and announced an oil discovery at the Pickerel-1 exploration well in the Gulf of Mexico.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
earnings
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News
Hess Corporation Publishes 26th Annual Sustainability Report
Rhea-AI Summary
Hess Corporation (NYSE: HES) has published its 2022 Sustainability Report, outlining its commitment to achieve net zero greenhouse gas emissions by 2050, significant progress toward 2025 emissions reduction targets, and one of the world's largest private sector forest preservation agreements. The report also highlights investments in social programs, diversity, equity, and inclusion, and the company's recognition as an industry leader in ESG performance and disclosure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.24%
Tags
none
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News
Hess Schedules Earnings Release Conference Call
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
earnings
News
Hess to Participate in J.P. Morgan 2023 Energy, Power & Renewables Conference
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
conferences
Stock HES logo
Hess Corporation

NYSE:HES

HES Rankings

#253 Ranked by Market Cap
#1897 Ranked by Stock Gains
#1772 Ranked by Dividends

HES Stock Data

48.30B
282.94M
9.48%
80.03%
1.88%
Petroleum Refineries
Manufacturing
Link
United States of America
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.