Hess Corporation is an integrated energy company engaged in the exploration, production, refining, and marketing of oil and natural gas
The company operates primarily in the United States and Guyana, focusing on developing its extensive portfolio of assets in both conventional and unconventional resources. Hess is involved in the production of crude oil and natural gas, along with the refining and delivery of petroleum products to consumers. Additionally, the company is committed to sustainable practices and advancing technology to enhance its operational efficiency and environmental stewardship.
Energy stocks dominated Q1 of 2025, while Tech and Consumer Discretionary suffered. Energy giants Chevron and Exxon had solid performances. Some Tech stocks shined.
Despite its volatility, HES is projected to grow revenue by 13.73% and earnings by 29.44% next year, making it a potential buy for risk-tolerant investors.
His Excellency Dr. Irfaan Ali, President of the Co-operative Republic of Guyana, today announced a five-year extension of the national healthcare initiative to transform Guyana’s public health system with world-class healthcare services accessible to every Guyanese citizen. This next phase of the initiative, launched in 2022 by the Government of Guyana in collaboration with the Mount Sinai Health System and Hess Corporation, will include establishment of a national cancer center, continued modernization of national health facilities including Georgetown Public Hospital Corporation, and the implementation of one of the world’s most advanced digital health systems.
Chevron said it purchased 15.38 million shares of Hess Corporation, representing approximately a 4.99% stake in the company. Based on Monday’s price of $150, Chevron’s latest stake acquisition is worth $2.3 billion.
The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on March 31, 2025 to holders of record at the close of business on March 17, 2025.
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Today's Research Daily features a real-time scorecard of the Q4 earnings season and new research reports on 16 major stocks, including Alphabet Inc., Blackstone Inc., and KLA Corporation, as well as a micro-cap stock Crawford United Corporation.
Hess reported strong financial performance in its latest earnings release, driven by production increases in key assets despite facing challenging market conditions.
Revenue rose 6% year-over-year (YoY) to $3.23 billion compared to a Wall Street estimate of $3.05 billion. Adjusted earnings per share (EPS) came in at $1.76 versus an analyst estimate of $1.5, according to FinChat.
