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 (HES) has reported a first quarter 2023 net income of $346 million, or $1.13 per share, down from $417 million, or $1.34 per share, in Q1 2022. Adjusted net income from the previous year was $404 million, or $1.30 per share. The decrease in net income is attributed to lower realized oil prices despite higher production volumes, which increased to 374,000 barrels of oil equivalent per day (boepd), up 36% year-over-year. A notable dividend increase of 17% has also been announced, bringing it to $0.4375 per share. Significant developments include the arrival of the Prosperity FPSO in Guyana and a new oil discovery at the Lancetfish-1 well. Full-year net production guidance has been raised to between 365,000 and 375,000 boepd due to strong operational performance.
Hess Corporation (NYSE: HES) will hold a conference call on April 26, 2023, at 10 a.m. Eastern Time to discuss its Q1 2023 earnings. Participants must register in advance to receive a unique PIN and dial-in number. The call will also be accessible via a webcast. As a leading independent energy company, Hess specializes in crude oil and natural gas production.
Hess Corporation (NYSE: HES) has announced a $50 million donation to the Salk Institute’s Harnessing Plants Initiative (HPI) over the next five years to combat climate change. This funding will enhance research capabilities, including faculty recruitment and establishing the Hess Center for Plant Science. Previous donations include $12.5 million in 2020 and $3 million in 2021. CEO John Hess emphasized the initiative's potential impact on global carbon capture and net-zero emissions. The Salk Institute's leadership praised Hess for their support, noting that it addresses urgent climate challenges and fosters groundbreaking plant science research.
Halliburton Company (NYSE: HAL) announced that Hess Corporation (NYSE: HES) selected its DecisionSpace® 365 Well Construction applications, powered by iEnergy® Hybrid Cloud, for more efficient well planning and construction. The applications create a digital twin of the well construction process, enabling real-time collaboration between operators and service providers. Hess aims to enhance operational performance sustainably while reducing costs. Halliburton's technology integrates artificial intelligence and machine learning for better oversight across the well construction lifecycle.
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