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.
The HES news page on Stock Titan provides an organized view of historical and corporate news related to Hess Corporation, a company that described itself as a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. News items cover the period when Hess operated as an independent public company and the subsequent corporate transformation resulting from its acquisition by Chevron Corporation.
Recent news includes Chevron’s announcement that it completed its acquisition of Hess Corporation, following satisfaction of closing conditions and a favorable arbitration outcome regarding Hess’s offshore Guyana asset. This transaction created a combined company with a portfolio that includes Hess’s assets in Guyana, the U.S. Bakken, the Gulf of America and Southeast Asia. The news release explains that Hess shareholders receive Chevron shares under the merger terms and that Hess becomes a direct, wholly owned subsidiary of Chevron.
Other Hess news items include quarterly and annual earnings releases that detail net income, net production, capital and exploratory expenditures and regional operational highlights. These reports describe performance in areas such as the Bakken shale, offshore Guyana developments on the Stabroek Block, the Gulf of America and Southeast Asia. Additional releases cover regular quarterly dividend declarations on Hess common stock and scheduling notices for earnings releases, which reference the definitive agreement for Hess to be acquired by Chevron.
Hess-related news also highlights environmental, social and governance activities, including a joint announcement with the Government of Guyana and the Mount Sinai Health System about a national healthcare initiative in Guyana. This initiative, funded jointly by Hess and the Government of Guyana and led by Mount Sinai entities, aims to transform the country’s public health system and has been extended for an additional five years.
By reviewing the HES news feed, users can trace Hess Corporation’s financial results, operational milestones, dividends, ESG initiatives and the steps leading to and following its acquisition by Chevron.
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Hess Corporation (NYSE: HES) will host a conference call on July 27, 2022, at 10 a.m. Eastern Time to discuss its second quarter 2022 earnings. Participants must register in advance to receive a unique PIN and dial-in number, and the call will also be available via webcast. Hess Corporation focuses on crude oil and natural gas exploration and production. Interested parties can find more details on their official website.
His Excellency Dr. Irfaan Ali of Guyana announced a national healthcare initiative with Mount Sinai Health System and Hess Corporation (NYSE: HES) to enhance healthcare quality and accessibility in Guyana. This collaboration will focus on improving primary care and specialized services, especially in cardiology and oncology, at the Georgetown Public Hospital Corporation. The initiative is a multi-year project funded jointly by Hess Corporation and the Guyanese government, with a 40-member team from Mount Sinai set to begin work this summer.
Hess Corporation (NYSE: HES) announced that CEO John Hess will participate in a Fireside Chat at the J.P. Morgan 2022 Energy, Power & Renewables Conference on June 23 at 8:20 a.m. Eastern Time. A live audio webcast of the event will be available, with a replay accessible on Hess's website.
Hess is a leading independent energy company focused on crude oil and natural gas exploration.
Hess Corporation (NYSE: HES) announced that CEO John Hess will participate in a fireside chat at Bernstein’s 38th Annual Strategic Decisions Conference on June 2, 2022, at 10:00 a.m. ET. A live audio webcast and replay will be accessible via Hess Corporation’s website. As a leading global independent energy company, Hess is engaged in the exploration and production of crude oil and natural gas. For more details, visit Hess's website.
The Board of Directors of Hess Corporation (NYSE: HES) has declared a regular quarterly dividend of 37.5 cents per share, payable on June 30, 2022. This dividend is set for holders of record at the close of business on June 15, 2022. Hess Corporation operates as a leading global independent energy company, focusing on crude oil and natural gas exploration and production.
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Hess Corporation (NYSE: HES) announced new discoveries at Barreleye, Lukanani, and Patwa on the Stabroek Block, increasing gross recoverable oil estimates to approximately 11 billion barrels. The Yellowtail development, with a capacity of 250,000 bopd, has been sanctioned, with first oil expected in 2025. First-quarter net income rose to $417 million from $252 million year-over-year, largely due to higher oil prices. However, production volumes decreased. The dividend was increased by 50% to $0.375 per share, and $500 million of debt was prepaid.
Hess Corporation (NYSE: HES) has announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels of oil equivalent, up from over 10 billion. This update includes three new discoveries: Barreleye, Lukanani, and Patwa. The Barreleye-1 well encountered 230 feet of hydrocarbon-bearing sandstone, with 52 feet of high-quality oil. Hess anticipates significant future production opportunities, with plans for at least six FPSOs to be operational on the block by 2027.