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) has successfully sold its 8.16% interest in the Waha Concession in Libya. The sale has been made in equal shares to TotalEnergies and ConocoPhillips. This divestment indicates Hess's strategic direction in optimizing its asset portfolio as a global independent energy company focused on crude oil and natural gas exploration and production.
Hess Corporation (NYSE: HES) announced that CEO John Hess will deliver a keynote presentation at the Bank of America Securities 2022 Global Energy Conference on November 17, 2022, at 7:45 a.m. ET. A live webcast and replay will be available on Hess's website.
Hess Corporation focuses on the exploration and production of crude oil and natural gas, providing updates on its financial performance and projections, subject to various risk factors.
Hess Corporation (NYSE: HES) reported a significant increase in third-quarter 2022 net income, reaching $515 million, or $1.67 per share, compared to $115 million, or $0.37 per share, in Q3 2021. Adjusted net income was $583 million, bolstered by rising oil prices and production levels. The Stabroek Block in Guyana saw two new discoveries, enhancing its resource estimate to approximately 11 billion barrels of oil equivalent. Cash returned to shareholders totaled $265 million, including $150 million in share repurchases. E&P capital expenditures rose to $701 million, reflecting intensified drilling activities.
Hess Corporation (NYSE: HES) announced new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block, raising their total discoveries in 2022 to nine. These wells contributed to an estimated recoverable resource of about 11 billion barrels of oil equivalent. The Yarrow-1 well encountered 75 feet of quality oil-bearing sandstone, while Sailfin-1 encountered 312 feet of similar resources. Current production from Liza Phase 1 and 2 exceeds 360,000 barrels daily, with further growth anticipated in 2027.
Hess Corporation (NYSE: HES) will hold a conference call on October 26, 2022, at 10 a.m. ET to discuss its third quarter 2022 earnings release. Participants must register in advance to receive a unique PIN and dial-in number. The call will also be available via webcast. Hess Corporation is a global independent energy company specializing in the exploration and production of crude oil and natural gas. More details can be found on their website.
The North Dakota Tribal College System (NDTCS) has launched a new apprenticeship program in collaboration with Hess Corporation (NYSE:HES) to enhance educational and employment opportunities for Native Americans in North Dakota. Over the next four years, Hess will invest $12 million, supplemented by $1 million each from Halliburton and Nabors Industries. The program follows an 'earn and learn' model, offering students skills training and potential pathways to higher degrees, starting in January 2023.
The Board of Directors of Hess Corporation (NYSE: HES) announced a quarterly dividend of 37.5 cents per share, payable on September 30, 2022. Shareholders must hold shares by September 19, 2022 to receive this dividend. Hess Corporation is a prominent independent energy company focused on crude oil and natural gas exploration and production. The dividend reflects the company's commitment to returning value to shareholders while maintaining operations in the energy sector.
Hess Corporation (NYSE: HES) will have its CEO, John Hess, present at the Barclays CEO Energy-Power Conference in New York on September 8, 2022, at 8:00 a.m. Eastern Time. A live audio webcast will be available, along with a replay on Hess's website. Hess Corporation specializes in the exploration and production of crude oil and natural gas.
Hess Corporation (NYSE: HES) reported a substantial turnaround in its second quarter 2022 results, posting a net income of $667 million or $2.15 per share, compared to a net loss of $73 million or $0.24 per share in the same quarter of 2021. This improvement was primarily driven by higher realized oil and gas prices. Key operational developments include two new discoveries in the Stabroek Block offshore Guyana, with total recoverable resources now estimated at 11 billion barrels of oil equivalent. The company also commenced stock buybacks, purchasing 1.8 million shares for $190 million.
Hess Corporation (NYSE: HES) announced two new oil discoveries at the Seabob-1 and Kiru-Kiru-1 well locations in the Stabroek Block, bringing the total discoveries for 2022 to seven. These wells contribute to the estimated 11 billion barrels of recoverable resources in the area. Seabob-1 encountered 131 feet of high-quality oil-bearing sandstone, while Kiru-Kiru-1 encountered 98 feet of hydrocarbons. The company continues to develop multiple projects with expected production capacities surpassing 1 million barrels per day by 2027.
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