Hess Corp. (N:HES)

Business Focus: Oil & Gas Refining and Marketing

Nov 06, 2019 02:00 pm ET
Hess to Participate in Bank of America Merrill Lynch 2019 Global Energy Conference
Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will deliver a keynote presentation: Perspectives on Global Oil Outlook at the Bank of America Merrill Lynch 2019 Global Energy Conference in Miami Beach, FL on November 13, 2019 at 8:05 a.m. Eastern Time.
Oct 30, 2019 07:30 am ET
Hess Reports Estimated Results for the Third Quarter of 2019
Hess Corporation (NYSE: HES) today reported a net loss of $205 million, or $0.68 per common share, in the third quarter of 2019, compared with a net loss of $42 million, or $0.18 per common share, in the third quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $98 million, or $0.32 per common share, in the third quarter of 2019, compared with an adjusted net income of $29 million, or $0.06 per common share, in the prior-year quarter. The decrease in after-tax adjusted results primarily reflects lower realized selling prices, partially offset by reduced exploration ex
Oct 29, 2019 07:33 am ET
Hess Announces Gulf of Mexico Oil Discovery and Plans for Tie Back to Tubular Bells Production Facilities
Hess Corporation (NYSE:HES) today announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico.
Oct 08, 2019 10:06 am ET
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 30, 2019 at 10 a.m. Eastern Time to discuss its third quarter 2019 earnings release.
Oct 04, 2019 07:09 am ET
Hess Corporation to Receive Cash and Equity from Sale of Hess Infrastructure Partners LP to Hess Midstream Partners LP
Hess Corporation (NYSE: HES) will receive approximately $275 million in cash and approximately 115 million newly issued units in Hess Midstream Partners LP (NYSE: HESM) as part of a proposed transaction announced today by HESM.
Sep 17, 2019 12:47 pm ET
Hess Named to Dow Jones Sustainability Index (DJSI) North America for Tenth Consecutive Year
Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the tenth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in each industry are considered each year for index membership.
Sep 16, 2019 08:04 am ET
Hess Announces Another Oil Discovery Offshore Guyana at Tripletail
Hess Corporation (NYSE: HES) today announced a discovery at the Tripletail-1 well on the Stabroek Block offshore Guyana. Tripletail-1 encountered approximately 108 feet (33 meters) of a high quality oil bearing sandstone reservoir.
Sep 04, 2019 04:15 pm ET
Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2019 to holders of record at the close of business on September 16, 2019.
Aug 29, 2019 03:31 pm ET
Hess Announces Arrival of Liza Destiny Offshore Guyana
Hess Corporation (NYSE: HES) today announced that the Liza Destiny, Guyana’s first oil production vessel, has arrived at the Stabroek Block.
Aug 23, 2019 09:59 am ET
Hess to Participate in Barclays CEO Energy-Power Conference
Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 5, 2019 at 7:45 a.m. ET.
Jul 31, 2019 07:30 am ET
Hess Reports Estimated Results for the Second Quarter of 2019
Hess Corporation (NYSE: HES) today reported a net loss of $6 million, or $0.02 per common share, in the second quarter of 2019, compared with a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $28 million, or $0.09 per common share, in the second quarter of 2019, compared with an adjusted net loss of $56 million, or $0.23 per common share, in the prior-year quarter. The improved after-tax adjusted results reflect increased U.S. crude oil production and reduced exploration expenses, partially offset
Jul 08, 2019 10:03 am ET
Hess Corporation Shows Continued ESG Commitment and Progress in 2018 Sustainability Report
Hess Corporation (NYSE: HES) published its 2018 Sustainability Report today, providing a comprehensive review of the company’s strategy and performance on environmental, social and governance programs and initiatives. An electronic version is available at http://www.hess.com/sustainab
Jun 26, 2019 05:07 pm ET
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 31, 2019 at 10 a.m. Eastern Time to discuss its second quarter 2019 earnings release.
Jun 04, 2019 08:33 pm ET
Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 28, 2019 to holders of record at the close of business on June 17, 2019.
May 23, 2019 01:13 pm ET
Hess to Participate in Bernstein 35th Annual Strategic Decisions Conference
Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Bernstein 35th Annual Strategic Decisions Conference in New York on Wednesday, May 29 at 3:30 p.m. Eastern Time.
May 15, 2019 03:58 pm ET
Hess Ranked Top Oil and Gas Company on 2019 Best Corporate Citizens List
Hess Corporation (NYSE: HES) has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens of 2019. The annual list recognizes public companies across the United States for outstanding environmental, social and governance (ESG) transparency and performance.
May 03, 2019 02:04 pm ET
Hess Sanctions Liza Phase 2 Development Offshore Guyana
Hess Corporation (NYSE: HES) today announced it has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase of development of the Liza Field on the Stabroek Block, offshore Guyana.
Apr 26, 2019 05:00 pm ET
Hess Corporation Makes Application to Cease to Be a Reporting Issuer in Canada
Hess Corporation (NYSE: HES) ("Hess") announced today that it has applied to the Ontario Securities Commission (the "OSC") to cease to be a reporting issuer in Ontario (the "Order"). Hess has not been listed on a Canadian stock exchange for twenty years, and is not a reporting issuer in any other Canadian jurisdiction.
Apr 25, 2019 07:30 am ET
Hess Reports Estimated Results for the First Quarter of 2019
Hess Corporation (NYSE: HES) today reported net income of $32 million, or $0.09 per common share, in the first quarter of 2019, compared to a net loss of $106 million, or $0.38 per common share, in the first quarter of 2018. On an adjusted basis, the first quarter 2018 net loss was $72 million, or $0.27 per common share. First quarter 2019 results benefitted from higher U.S. crude oil production, partially offset by lower realized crude oil prices and higher depreciation, depletion and amortization expenses compared with the prior-year quarter.
Apr 18, 2019 04:13 pm ET
Hess Announces 13th Discovery Offshore Guyana
Hess Corporation (NYSE: HES) today announced a new discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated gross discovered recoverable resource of more than 5.5 billion barrels of oil equivalent on the Stabroek Block.
Apr 05, 2019 12:56 pm ET
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Thursday, April 25, 2019 at 10 a.m. Eastern Time to discuss its first quarter 2019 earnings release.
Apr 03, 2019 07:25 am ET
New Research: Key Drivers of Growth for Geron, Hess, Royal Gold, Lear, Menlo Therapeutics, and CorEnergy Infrastructure Trust — Factors of Influence, Major Initiatives and Sustained Production
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Geron Corporation (NASDAQ:GERN), Hess Corporation (NYSE:HES), Royal Gold,...
Mar 07, 2019 05:25 pm ET
Hess Infrastructure Partners LP Announces Closing of Acquisition of Hess Corporation’s Bakken Water Business
Hess Infrastructure Partners LP (“HIP” or the “Partnership”), a midstream energy joint venture between Hess Corporation (“Hess”) (NYSE: HES) and Global Infrastructure Partners (“GIP”) and the sponsor of Hess Midstream Partners LP, a publicly traded master limited partnership (“Hess Midstream”), today announced that it has closed the previously announced acquisition of Hess’ existing Bakken water services business for a total cash consideration of $225 million, subject to customary adjustments. The Partnership has provided Hess Midstream a right
Mar 06, 2019 04:30 pm ET
Hess Announces Regular Quarterly Dividend on Common Stock
The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 29, 2019 to holders of record at the close of business on March 18, 2019.
Feb 21, 2019 08:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index
DALLAS, Feb. 21, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® Energy Supply Chain Index (the "Index") as part of normal index operations. After the markets close on February 28, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on March 1, 2019:...
Feb 20, 2019 04:53 pm ET
Glancy Prongay & Murray LLP Continues Investigation on Behalf of Hess Corporation (HES) Investors
Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Hess Corporation (NYSE: HES) investors concerning the Company and its directors’ and officers’ possible violations of state laws. If you purchased Hess stock, have...
Feb 08, 2019 07:20 am ET
Detailed Research: Economic Perspectives on Hess, Vi, Marsh & McLennan Companies, Kratos Defense & Security Solutions, Knoll, and Viavi Solutions — What Drives Growth in Today's Competitive Landscape
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Hess Corporation (NYSE:HES), Viacom Inc. (NASDAQ:VIAB), Marsh & McLennan...
Feb 06, 2019 08:08 am ET
Hess Announces Two New Discoveries Offshore Guyana
Hess Corporation (NYSE:HES) today announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.
Feb 05, 2019 01:43 pm ET
Hess to Participate in Credit Suisse Energy Summit
Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse 24th Annual Energy Summit in Vail on Tuesday, February 12 at 7:30 a.m. Mountain Time.
Jan 30, 2019 06:54 pm ET
Hess Announces Conversion Rate for Mandatory Convertible Preferred Stock
Hess Corporation (NYSE:HES) today announced that the Company’s 8.00% Series A Mandatory Convertible Preferred Stock (the “Preferred Stock”) and related depositary shares, each representing a 1/20th interest in a share of Preferred Stock, will automatically convert into 21.8220 shares of the Company’s common stock per share of Preferred Stock (1.0911 shares of common stock per depositary share) on January 31, 2019. Cash will be paid in lieu of any fractional shares.
Jan 30, 2019 07:30 am ET
Hess Reports Estimated Results for the Fourth Quarter of 2018
Hess Corporation (NYSE: HES) today reported a net loss of $4 million, or $0.05 per common share, in the fourth quarter of 2018, compared to a net loss of $2,677 million, or $8.57 per common share, in the fourth quarter of 2017. On an adjusted basis, the Corporation reported a net loss of $77 million, or $0.31 per common share, in the fourth quarter of 2018, compared with an adjusted net loss of $304 million, or $1.01 per common share, in the prior-year quarter. Fourth quarter 2018 results benefitted from higher U.S. crude oil production, reduced
Jan 23, 2019 12:42 pm ET
Hess Achieves Leadership Status in CDP’s Global Climate Analysis
Hess Corporation (NYSE:HES) has been recognized for climate change stewardship, achieving leadership status in CDP’s 2018 Global Climate Analysis. Hess is the only U.S. energy company to achieve leadership status. This is the tenth year that Hess earned this recognition from CDP, an international nonprofit group seeking to drive sustainable economies.
Jan 07, 2019 07:35 am ET
Report: Developing Opportunities within General Mills, Philip Morris International, Sage Therapeutics, CNA Financial, Hess, and AutoNation — Future Expectations, Projections Moving into 2019
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of General Mills, Inc. (NYSE:GIS), Philip Morris International Inc....
Jan 07, 2019 02:05 am ET
Hess Provides Update on Drilling and Development Activities Offshore Guyana
Hess Corporation (NYSE: HES) said today that drilling has begun on the Haimara-1 exploration well offshore Guyana, the first of two planned exploration wells in January. The Stena Carron drillship is drilling the Haimara-1 well, located 19 miles (31 kilometers) east of the Pluma-1 discovery in the southeastern part of the Stabroek Block.
Jan 04, 2019 11:46 am ET
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 30, 2019 at 10 a.m. Eastern Time to discuss its fourth quarter 2018 earnings release.
Dec 26, 2018 04:30 pm ET
Hess Announces Conversion Date for Mandatory Convertible Preferred Stock
Hess Corporation (NYSE:HES) today announced that the Company’s 8.00% Series A Mandatory Convertible Preferred Stock (the “Preferred Stock”) and related depositary shares, each representing 1/20th interest in a share of Preferred Stock, are expected to automatically convert into shares of the Company’s common stock on January 31, 2019. The conversion rate for each share of Preferred Stock will be between 21.8220 and 25.6420 shares of the Company’s common stock (and, correspondingly, the conversion rate for each depositary share will be between 1.
Dec 21, 2018 08:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index
DALLAS, Dec. 21, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® Energy Supply Chain Index (the "Index") as part of normal index operations. After the markets close on December 31, 2018, the constituents of the Index will be rebalanced, and the following changes will become effective on January 2, 2019:...
Dec 12, 2018 01:00 pm ET
Hess Provides Update on Progress, Plans to Deliver Strong Cash Flow Growth and Increasing Returns Through 2025
Hess Corporation (NYSE:HES) will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day today in Houston. The company’s plans through 2025 are expected to deliver strong performance across the following areas:
Dec 12, 2018 07:50 am ET
New Research: Key Drivers of Growth for General Mills, Hess, Roku, Spectrum Brands, Texas Pacific Land Trust, and Workday — Factors of Influence, Major Initiatives and Sustained Production
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of General Mills, Inc. (NYSE:GIS), Hess Corporation (NYSE:HES), Roku, Inc....
Dec 11, 2018 08:30 am ET
Hess Infrastructure Partners LP Announces Proposed Acquisition of Hess Corporation’s Bakken Water Business
Hess Infrastructure Partners LP (“HIP” or the “Partnership”), a midstream energy joint venture between Hess Corporation (“Hess”) (NYSE: HES) and Global Infrastructure Partners (“GIP”) and the sponsor of Hess Midstream Partners LP, a publicly traded master limited partnership (“Hess Midstream”), today announced that it has entered into a Memorandum of Understanding (“MOU”) with Hess to acquire Hess’ existing Bakken water services business for $225 million in cash, subject to customary adjustments. The parties expect to execute definitive a
Dec 10, 2018 08:02 am ET
Hess Announces 2019 E&P Capital and Exploratory Budget
Hess Corporation (NYSE:HES) today announced a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana.
Dec 07, 2018 10:23 am ET
Hess to Host Investor Day
Hess Corporation (NYSE: HES) will hold an Investor Day on December 12, 2018 at 1:00 p.m. CT in Houston, TX. The meeting will feature presentations by CEO John Hess and other members of the Hess leadership team.
Dec 05, 2018 04:15 pm ET
Hess Announces Quarterly Cash Dividend on Preferred Stock
The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on February 1, 2019 to holders of record at the close of business on January 15, 2019. The depositary shares are listed on the New York Stock Exchange under the symbol HESPRA.
Dec 05, 2018 04:15 pm ET
Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2018 to holders of record at the close of business on December 17, 2018.
Dec 03, 2018 08:09 am ET
Hess Announces 10th Discovery and Increased Stabroek Block Resource Estimate Offshore Guyana
Hess Corporation (NYSE:HES) today announced a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block. As a result of this new discovery and further evaluation of previous discoveries, the estimate of discovered recoverable resources for the Stabroek Block has been increased to more than 5 billion barrels of oil equivalent, up from the previous estimate of more than 4 billion barrels of oil equivalent announced in July 2018.
Nov 09, 2018 02:09 pm ET
Drilling Completed on Aspy Well
Hess Corporation (NYSE:HES) today announced that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7,400 meters. The prospect did not encounter commercial quantities of hydrocarbons and Hess’ share of the well cost through September 30, 2018 will be expensed in the third quarter and reflected in the company’s Quarterly Report on Form 10-Q. BP Canada as operator and Hess each hold a 50 percent participating interest.
Nov 08, 2018 07:24 pm ET
UPDATE: Hess to Participate in Bank of America Merrill Lynch 2018 Global Energy Conference
Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch 2018 Global Energy Conference in Miami Beach, FL on November 15, 2018 at 8:15 a.m. Eastern Time. The presentation time has been updated.
Nov 07, 2018 08:55 am ET
Research Report Identifies Allete, Ares Capital, Pembina Pipeline, Veeco Instruments, Hess, and Newell Brands with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Allete, Inc. (NYSE:ALE), Ares Capital Corporation (NASDAQ:ARCC),...
Nov 05, 2018 05:02 pm ET
Hess to Participate in Bank of America Merrill Lynch 2018 Global Energy Conference
Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch 2018 Global Energy Conference in Miami Beach, FL on November 15, 2018 at 10:30 a.m. Eastern Time.
Oct 31, 2018 07:30 am ET
Hess Reports Estimated Results for the Third Quarter of 2018
Hess Corporation (NYSE:HES) today reported net income of $52 million, or $0.14 per common share, in the third quarter of 2018, compared to a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017. On an adjusted basis, the Corporation reported net income of $123 million, or $0.38 per common share, in the third quarter of 2018, compared with an adjusted net loss of $324 million, or $1.07 per common share, in the prior-year quarter. Higher realized crude oil selling prices combined with lower operating costs and deprecia
Oct 09, 2018 08:50 am ET
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 31, 2018 at 10 a.m. Eastern Time to discuss its third quarter 2018 earnings release.
Sep 26, 2018 03:30 pm ET
Hess to Host Investor Day
Hess Corporation (NYSE: HES) will hold an Investor Day on December 12, 2018 at 1:00 p.m. CT in Houston, TX. The meeting will feature presentations by CEO John Hess and other members of the Hess leadership team.
Sep 25, 2018 06:44 pm ET
Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Supply Chain Index [REVISED]
DALLAS, Sept. 25, 2018 /PRNewswire/ -- On September 21, 2018, Swank Capital, LLC, and Cushing® Asset Management, LP, announced the upcoming rebalancing of The Cushing® Energy Supply Chain Index (the "Index") as part of normal index operations. Subsequently, S&P Dow Jones Indices announced that Andeavor (NYSE: ANDV) would be removed from the S&P 500 Index on October 1, 2018. As a result, after the markets close on September 28, 2018, the constituents of the Index will be rebalanced, and the following changes will become effective on October 1, 2018. ...
Sep 21, 2018 09:02 am ET
Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Supply Chain Index
DALLAS, Sept. 21, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® Energy Supply Chain Index (the "Index") as part of normal index operations. After the markets close on September 28, 2018, the constituents of the Index will be rebalanced, and the following changes will become effective on October 1, 2018:...
Sep 14, 2018 09:00 am ET
Hess Named to Dow Jones Sustainability Index (DJSI) North America for Ninth Consecutive Year; Recipient of Industry Mover Distinction
Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the ninth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in each industry are considered each year for index membership.
Sep 05, 2018 04:31 pm ET
Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 28, 2018 to holders of record at the close of business on September 17, 2018.
Sep 05, 2018 04:30 pm ET
Hess Announces Quarterly Cash Dividend on Preferred Stock
The Board of Directors of Hess Corporation (NYSE: HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on November 1, 2018 to holders of record at the close of business on October 15, 2018. The depositary shares are listed on the New York Stock Exchange under the symbol HESPRA.
Aug 31, 2018 06:45 am ET
Hess Completes Sale of Utica Acreage
Hess Corporation (NYSE: HES) today announced that it has completed the previously announced sale of its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1.
Aug 30, 2018 09:04 am ET
Hess Announces Ninth Discovery Offshore Guyana
Hess Corporation (NYSE: HES) today announced a ninth oil discovery offshore Guyana at the Hammerhead-1 well, marking its fifth oil discovery on the Stabroek Block in the past year and proving a new play concept for potential development.
Aug 27, 2018 02:14 pm ET
Hess to Participate in Barclays CEO Energy-Power Conference
Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 6, 2018 at 7:45 a.m. ET.
Jul 25, 2018 07:30 am ET
Hess Reports Estimated Results for the Second Quarter of 2018
Hess Corporation (NYSE: HES) today reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017. On an adjusted basis, the Corporation reported an after-tax net loss of $56 million, or $0.23 per common share, in the second quarter of 2018. The improved after-tax adjusted results reflect higher realized crude oil selling prices, lower operating costs and depreciation, depletion and amortization expense, partially offs
Jul 23, 2018 08:07 am ET
Hess Announces Increased Resource Estimate for Stabroek Block, Offshore Guyana
Hess Corporation (NYSE: HES) today announced an increased estimate of gross discovered recoverable resources for the Stabroek Block, offshore Guyana to more than 4 billion barrels of oil equivalent, up from the previous estimate of 3.2 billion barrels of oil equivalent.
Jul 10, 2018 08:00 am ET
Hess Corporation Publishes 2017 Sustainability Report
Hess Corporation (NYSE:HES) published its 2017 Sustainability Report today, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives. An electronic version is available at
Jul 05, 2018 07:00 am ET
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 25, 2018 at 10 a.m. Eastern Time to discuss its second quarter 2018 earnings release.
Jun 29, 2018 07:00 am ET
Hess Announces Sale of Utica Acreage
Hess Corporation (NYSE:HES) today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1.
Jun 20, 2018 09:05 am ET
Hess Announces Eighth Oil Discovery Offshore Guyana
Hess Corporation (NYSE: HES) today announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Stabroek Block.
Jun 12, 2018 07:45 am ET
New Research: Key Drivers of Growth for CNA Financial, AutoNation, Hess, Infinity Pharmaceuticals, Regulus Therapeutics, and Weyerhaeuser — Factors of Influence, Major Initiatives and Sustained Produc
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of CNA Financial Corporation (NYSE:CNA), AutoNation, Inc. (NYSE:AN), Hess...
Jun 05, 2018 08:23 pm ET
Hess Announces Quarterly Cash Dividend on Preferred Stock
The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on August 1, 2018 to holders of record at the close of business on July 15, 2018. The depositary shares are listed on the New York Stock Exchange under the symbol HESPRA.
Jun 05, 2018 08:23 pm ET
Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 29, 2018 to holders of record at the close of business on June 18, 2018.
May 14, 2018 08:47 pm ET
Glancy Prongay & Murray LLP Continues Investigation on Behalf of Hess Corporation (HES) Investors
Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Hess Corporation (NYSE: HES) investors concerning the Company and its directors’ and officers’ possible violations of state laws.
May 09, 2018 05:34 pm ET
Hess to Participate in Citi Global Energy & Utilities Conference
Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Citi Global Energy & Utilities Conference in Boston on Tuesday, May 15 at 4:15 p.m. Eastern Time.
May 08, 2018 09:56 am ET
Hess Ranked Top Oil and Gas Company on 2018 Best Corporate Citizens List
Hess Corporation (NYSE: HES) has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2018. The annual list recognizes public companies across the United States that demonstrate strong performance in such areas as environment, climate change, employee relations, human rights, governance, finance, philanthropy and community support.
Apr 26, 2018 11:00 am ET
Hess Donates $300,000 to LA 1 Highway Initiative
The LA 1 Coalition, today received a $300,000 grant from Hess Corporation (NYSE: HES) to help build phase 2 of the Louisiana Highway One (LA 1) Improvement Project. The project supports the ongoing redevelopment of Louisiana Highway One, which is located in the state’s southern Lafourche Parish. The region is the gateway to energy production from the Gulf of Mexico, supporting 18 percent of the Unites States domestic oil production and 4 percent of its natural gas production.
Apr 26, 2018 08:04 am ET
Hess Acquires Interest in New Acreage Offshore Guyana
Hess Corporation (NYSE:HES) today announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15 percent participating interest in the Kaieteur Block, offshore Guyana. The Cooperative Republic of Guyana has provided Hess and ExxonMobil an instrument detailing the transfer of interest, which has been completed.
Apr 25, 2018 07:30 am ET
Hess Reports Estimated Results for the First Quarter of 2018
Hess Corporation (NYSE:HES) today reported a net loss of $106 million, or $0.38 per common share, in the first quarter of 2018, compared to a net loss of $324 million, or $1.07 per common share, in the first quarter of 2017. On an adjusted basis, the Corporation reported an after-tax net loss of $72 million, or $0.27 per common share, in the first quarter of 2018. The improved after-tax adjusted results reflect higher realized crude oil selling prices, lower operating costs and depreciation, depletion and amortization expense, partially offset b
Apr 09, 2018 03:55 pm ET
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 25, 2018 at 10 a.m. Eastern Daylight Time to discuss its first quarter 2018 earnings release.
Mar 08, 2018 09:20 am ET
Elliott Management Supports Changes at Hess
Elliott Management Corporation (“Elliott”), which manages funds that are collectively the fourth-largest shareholder in Hess Corporation (NYSE: HES) (“Hess” or the “Company”), released the following statement supporting several changes announced by the Company:
Mar 08, 2018 07:33 am ET
Hess Announces $1.0 Billion Share Repurchase Program
Hess Corporation (NYSE: HES) today announced that its Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late 2017.
Mar 07, 2018 06:53 pm ET
Hess Announces Quarterly Cash Dividend on Preferred Stock
The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on May 1, 2018 to holders of record at the close of business on April 15, 2018. The depositary shares are listed on the New York Stock Exchange under the symbol HESPRA.
Mar 07, 2018 06:49 pm ET
Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 29, 2018 to holders of record at the close of business on March 19, 2018.
Mar 06, 2018 01:09 pm ET
Glancy Prongay & Murray LLP Commences Investigation on Behalf of Hess Corporation (HES) Investors
Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Hess Corporation (NYSE: HES) investors concerning the Company and its directors’ and officers’ possible violations of state laws.
Feb 28, 2018 08:07 am ET
Hess Announces Seventh Oil Discovery Offshore Guyana
Hess Corporation (NYSE:HES) today announced a seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.
Feb 20, 2018 07:50 am ET
Report: Developing Opportunities within NewJersey Resources, Masimo, New Mountain Finance, Hess, Hologic, and UnitedHealth Group — Future Expectations, Projections Moving into 2018
NEW YORK, Feb. 20, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of NewJersey Resources Corporation (NYSE:NJR), Masimo Corporation...
Feb 06, 2018 10:00 am ET
Hess to Participate in Credit Suisse Energy Summit
Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse 23rd Annual Energy Summit in Vail on Wednesday, February 14 at 8:40 a.m. Mountain Time.
Feb 05, 2018 07:30 am ET
Hess Reports Estimated Results for the Fourth Quarter of 2017
Hess Corporation (NYSE:HES) today reported a net loss of $2,677 million, or $8.57 per common share, in the fourth quarter of 2017, compared with a net loss of $4,892 million, or $15.65 per common share, in the fourth quarter of 2016. Fourth quarter 2017 results reflect net after-tax charges totaling $2,373 million, including a non-cash accounting charge of $1,700 million to reduce the carrying value of Hess' interests in the Stampede and Tubular Bells Fields in the Gulf of Mexico, as a result of a lower long-term crude oil price outlook.  
Feb 05, 2018 07:00 am ET
Hess Corporation to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 5, 2018 / Hess Corporation (NYSE: HES) will be discussing their earnings results in their Q4 Earnings Call to be held on February 5, 2018 at 10:00 AM Eastern Time.
Jan 31, 2018 08:00 am ET
Hess Announces 2018 E&P Capital and Exploratory Budget
Hess Corporation (NYSE:HES) today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig count from four rigs to six rigs. These increases are offset by lower capital allocated to the Gulf of Mexico and Malaysia compared to 2017.
Jan 16, 2018 04:15 pm ET
Hess Corporation Calls Outstanding Notes Due in 2019 for Redemption
Hess Corporation (NYSE:HES) announced today that it will redeem all of its 8.125% Notes due February 15, 2019 (the “Notes”), of which $349,621,000 aggregate principal amount is outstanding as of January 16, 2018. The formal notice of redemption was sent today to holders of the Notes, by The Bank of New York Mellon, the trustee under the indenture governing the Notes.
Jan 11, 2018 04:00 pm ET
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Monday, February 5, 2018 at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2017 earnings release.
Jan 05, 2018 09:05 am ET
Hess Announces Sixth Oil Discovery Offshore Guyana, Further Increasing Resource Potential
Hess Corporation (NYSE:HES) today announced positive results from the Ranger-1 exploration well, which is the sixth significant oil discovery on the Stabroek Block, offshore Guyana, since 2015.
Dec 22, 2017 09:07 am ET
Hess Completes Sale of Interests in Norway
Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its subsidiary Hess Norge, which owns interests in the Valhall and Hod fields in Norway, to Aker BP ASA for total proceeds of $2 billion, effective January 1, 2017.
Dec 06, 2017 04:15 pm ET
Hess Announces Quarterly Cash Dividend on Preferred Stock
The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on February 1, 2018 to holders of record at the close of business on January 15, 2018. The depositary shares are listed on the New York Stock Exchange under the symbol HESPRA.
Dec 06, 2017 04:15 pm ET
Hess Announces Regular Quarterly Dividend on Common Stock
The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 29, 2017 to holders of record at the close of business on December 18, 2017.
Dec 04, 2017 07:30 am ET
Report: Developing Opportunities within Hess, Hologic, UnitedHealth Group, NewJersey Resources, Masimo, and New Mountain Finance — Future Expectations, Projections Moving into 2018
NEW YORK, Dec. 04, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Hess Corporation (NYSE:HES), Hologic, Inc....
Nov 28, 2017 02:00 pm ET
Hess Completes Sale of Interests in Equatorial Guinea
Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017.
Nov 16, 2017 08:49 am ET
Hess Presents at Bank of America Merrill Lynch 2017 Global Energy Conference
In a presentation at the Bank of America Merrill Lynch 2017 Global Energy Conference today, Hess Corporation (NYSE:HES) Chief Executive Officer John Hess reviewed the company’s progress in executing its strategy to deliver significant value to shareholders.
Nov 13, 2017 07:31 am ET
Hess Issues Statement on Impact from Incident at Shell Enchilada Platform in Gulf of Mexico
Hess Corporation (NYSE: HES) released a statement today about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico. Shell advised in a statement on Nov. 12 that a plan for repairing the damaged portions of the asset is be
Nov 07, 2017 11:10 am ET
Hess to Participate in Bank of America Merrill Lynch 2017 Global Energy Conference
Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch 2017 Global Energy Conference in Miami Beach, FL on November 16, 2017 at 8:15 a.m. Eastern Standard Time.
Nov 03, 2017 07:30 am ET
Recent Analysis Shows OncoSec Medical, Synchrony, DaVita, Capital One, TransEnterix, and Hess Market Influences – Renewed Outlook, Key Drivers of Growth
NEW YORK, Nov. 03, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of OncoSec Medical Incorporated (NASDAQ:ONCS), Synchrony Financial...
Nov 02, 2017 01:15 pm ET
Hess Achieves Leadership Status in CDP’s Global Climate Analysis
Hess Corporation (NYSE:HES) has been recognized for climate change stewardship, achieving leadership status in CDP’s 2017 Global Climate Analysis. Hess is the only U.S. energy company to achieve leadership status. This is the ninth consecutive year that Hess earned this recognition from CDP, an international nonprofit group seeking to drive sustainable economies.
Oct 25, 2017 07:30 am ET
Hess Reports Estimated Results for the Third Quarter of 2017
Hess Corporation (NYSE: HES) today reported a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017 compared with a net loss of $339 million, or $1.12 per common share, in the third quarter of 2016. On an adjusted basis, the Corporation reported a net loss of $324 million, or $1.07 per common share, in the third quarter of 2017 compared with an adjusted net loss of $340 million, or $1.12 per common share, in the prior- year quarter. The improved adjusted results reflect higher realized crude oil selling prices and low
Oct 24, 2017 01:14 am ET
Hess Sells Interests in Norway; Commences Process to Sell Interests in Denmark
Hess Corporation (NYSE: HES) today announced several additional steps in the continued execution of its strategic plan to further focus the company’s portfolio and allocate capital to higher return assets:
Oct 23, 2017 05:04 pm ET
Hess Announces Sale of Interests in Equatorial Guinea
Hess Corporation (NYSE:HES) announced today that it has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy (NYSE/LSE: KOS) and Trident Energy for a total consideration of $650 million, effective January 1, 2017.
Oct 10, 2017 04:35 pm ET
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 25, 2017 at 10 a.m. Eastern Daylight Time to discuss its third quarter 2017 earnings release.
Jan 13, 2017 09:31 am ET
Investors Trade Alert: Trading reports for Citigroup, Hess Corp., JP Morgan Chase, Procter & Gamble and Twitter
CHICAGO, Jan. 13, 2017 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for C, HES, JPM, PG, and TWTR....