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.
The Board of Directors of Hess Corporation (NYSE: HES) has declared a quarterly dividend of 43.75 cents per share, payable on March 30, 2023, to shareholders on record by March 13, 2023. This marks a significant 17% increase from the fourth quarter of 2022, equating to an additional 25 cents per share on an annualized basis. Hess Corporation is a global independent energy company involved in the exploration and production of crude oil and natural gas, emphasizing its commitment to delivering shareholder value through consistent dividend growth.
Hess Corporation (HES) reported a robust fourth quarter for 2022, with net income soaring to $624 million or $2.03 per share, up from $265 million or $0.85 per share in 2021. This growth was primarily attributed to higher sales volumes in Guyana, notably from the Stabroek Block, which now holds estimated recoverable resources exceeding 11 billion barrels of oil equivalent. The Fangtooth SE-1 well, highlighting exploration success, encountered 200 feet of oil-bearing sandstone. The company also returned $405 million to shareholders in Q4 through dividends and share buybacks. Looking ahead, Hess forecasts 355,000 to 365,000 boepd production in 2023.
Hess Corporation (NYSE: HES) announced a $3.7 billion capital and exploratory budget for 2023, with over 80% allocated to developments in Guyana and the Bakken. The company aims to average 355,000 to 365,000 barrels of oil equivalent per day. Key allocations include $1.45 billion for production, $1.7 billion for Guyana developments, and $550 million for exploration efforts. The Bakken program includes a four rig setup to enhance cash flow and reduce costs. Production from Guyana is projected to reach 100,000 barrels per day.
Hess Corporation (NYSE: HES) will host a conference call on January 25, 2023, at 10 a.m. ET to discuss its fourth quarter 2022 earnings. Participants must register in advance to obtain a unique PIN and dial-in number. The call will also be available via an audio-only webcast. As a leading independent energy company, Hess focuses on crude oil and natural gas exploration and production. More details can be found on their official website.
Hess Corporation (NYSE: HES) announced that John Hess, CEO, will take part in a Fireside Chat at the Goldman Sachs Global Energy and Clean Technology Conference on January 5, 2023, at 10:20 a.m. Eastern Time. The event will feature discussions on future trends in the energy sector.
A live webcast and replay will be available on Hess's website.
The Board of Directors of Hess Corporation (NYSE: HES) has declared a quarterly dividend of 37.5 cents per share. This dividend will be payable on December 29, 2022, to shareholders on record as of the close of business on December 19, 2022. Hess Corporation, a global leader in energy, focuses on the exploration and production of crude oil and natural gas.
Hess Corporation (NYSE: HES) has entered a long-term partnership with the Government of Guyana to purchase REDD+ carbon credits worth at least $750 million from 2022 to 2032. This agreement aims to combat deforestation while supporting Guyana's Low Carbon Development Strategy (LCDS) 2030. Hess will acquire 37.5 million jurisdictional carbon credits verified under ART’s standards, contributing to the global effort in reducing emissions and achieving net-zero greenhouse gas emissions by 2050. The deal underscores both parties' commitment to sustainable development.
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