Articles from Hess Corporation

Hess Corporation (NYSEHES) today reported net income of $542 million, or $1.76 per share, in the fourth quarter of 2024, compared with net income of $413 million, or $1.34 per share, in the fourth quarter of 2023. On an adjusted basis, the Corporation reported net income of $501 million, or $1.63 per share, in the fourth quarter of 2023. The increase in adjusted after-tax earnings compared with the prior-year quarter primarily reflects higher production volumes, partially offset by lower realized selling prices and higher exploration expenses in the fourth quarter of 2024.

Hess Corporation (NYSEHES) has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 15th consecutive year and for the third time has been included in the Dow Jones Sustainability World Index (DJSI World), which highlights global sustainability leaders identified by S&P Global through its Corporate Sustainability Assessment. Only the most sustainable companies are considered each year for DJSI membership. This year, Hess is the only North American oil and gas producer listed on DJSI World and one of only four oil and gas companies included in DJSI North America.

Hess Corporation (NYSEHES) announced today that on Wednesday, January 29 it will issue its fourth quarter earnings press release and post supplemental earnings information on its website at www.hess.com.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the Goldman Sachs Energy, CleanTech and Utilities Conference on January 7, 2025 at 11:00 a.m. Eastern Time.

Hess Corporation (NYSEHES) has achieved the highest rating – now called “Level 5” – for the fifth consecutive year in the Transition Pathway Initiative (TPI) 2024 Management Quality assessment. For 2024, Hess is the only U.S. oil and gas company to achieve a Level 5 rating. TPI rates more than 2,000 companies in their management of greenhouse gas emissions and the strategic risks and opportunities of a low carbon economy in line with other disclosure frameworks including CDP, the Global Reporting Initiative, the Climate Action 100+ Initiative, and the Task Force on Climate-related Financial Disclosures recommendations. Details of Hess’ scores are available here.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on December 31, 2024 to holders of record at the close of business on December 16, 2024.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will participate in a Keynote Fireside Chat at the Wolfe Research Oil & Gas Conference Wednesday, November 20 at 7:50 a.m. Eastern Time.

Hess Corporation (NYSEHES) today reported net income of $498 million, or $1.62 per share, in the third quarter of 2024, compared with net income of $504 million, or $1.64 per share, in the third quarter of 2023. On an adjusted basis, the Corporation reported net income of $660 million, or $2.14 per share, in the third quarter of 2024. The increase in adjusted after-tax earnings compared with the prior-year quarter primarily reflects higher production volumes, partially offset by lower realized selling prices in the third quarter of 2024.

Hess Corporation (NYSEHES) announced today that on Wednesday, October 30 it will issue its third quarter earnings press release and post supplemental earnings information on its website at www.hess.com.

Hess Corporation (NYSEHES) today announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on September 30, 2024 to holders of record at the close of business on September 16, 2024. The dividend represents an approximate 14% increase compared to the dividend for the second quarter of 2024, which equals a 25 cent increase per share on an annualized basis.

Hess Corporation (NYSEHES) today reported net income of $757 million, or $2.46 per share, in the second quarter of 2024, compared with net income of $119 million, or $0.39 per share, in the second quarter of 2023. On an adjusted basis, the Corporation reported net income of $809 million, or $2.62 per share in the second quarter of 2024, compared with $201 million or $0.65 per share, in the prior-year quarter. The increase in adjusted after-tax earnings compared with the prior-year quarter primarily reflects higher production volumes and realized selling prices in the second quarter of 2024.

Hess Corporation (NYSEHES) announced today that on Wednesday, July 31, it will issue its second quarter earnings press release and post supplemental earnings information on its website at www.hess.com.

Hess Corporation (NYSEHES) today announced that it has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special meeting of Hess stockholders held today, a majority of the outstanding shares of Hess common stock were voted in favor of the adoption of the merger agreement.

Hess Corporation (NYSEHES) today announced that independent proxy voting and corporate governance advisory firm Glass, Lewis & Co. (Glass Lewis) has recommended that Hess shareholders vote FOR the proposed merger with Chevron. In its report, Glass Lewis notes “the strategic and financial merits of the proposed merger are sound and reasonable” and that “Hess shareholders will have the opportunity to participate in the potential future upside of the combined company.”

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on June 28, 2024 to holders of record at the close of business on June 14, 2024.

   Hess Corporation (NYSEHES) today reported net income of $972 million, or $3.16 per share, in the first quarter of 2024, compared with net income of $346 million, or $1.13 per share, in the first quarter of 2023. The increase in after-tax earnings compared with the prior-year quarter primarily reflects higher production volumes in the first quarter of 2024.

Hess Corporation (NYSEHES) today announced it has made a final investment decision to proceed with Whiptail, the sixth development on the Stabroek Block, after receiving government and regulatory approvals. Whiptail is expected to add gross production capacity of approximately 250,000 barrels of oil per day by the end of 2027.

Hess Corporation (NYSEHES) announced today that on Thursday, April 25 it will issue its first quarter earnings press release and post supplemental earnings information on its website at www.hess.com.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on March 28, 2024 to holders of record at the close of business on March 18, 2024.

Hess Corporation (NYSEHES) has been recognized for climate change stewardship in CDP’s Climate Change Scores for 2023, significantly outperforming the oil & gas extraction and production sector average, the overall North American regional average and the global average.

   Hess Corporation (NYSEHES) today reported net income of $413 million, or $1.34 per share, in the fourth quarter of 2023, compared with net income of $497 million, or $1.61 per share, in the fourth quarter of 2022. On an adjusted basis, the Corporation reported net income of $501 million, or $1.63 per share in the fourth quarter of 2023, compared with $522 million, or $1.69 per share, in the prior-year quarter. The decrease in adjusted after-tax results compared with the prior-year quarter reflects lower realized gas and natural gas liquids (NGL) selling prices, partially offset by higher production volumes, in the fourth quarter of 2023.

Hess Corporation (NYSEHES) announced today that on Wednesday, January 31 it will issue its fourth quarter earnings press release and post supplemental earnings information on its website at www.hess.com.

Hess Corporation (NYSEHES) has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 14th consecutive year and for the second time has been included in the Dow Jones Sustainability World Index (DJSI World), which comprises global sustainability leaders identified by S&P Global through its Corporate Sustainability Assessment. Only the most sustainable companies are considered each year for DJSI membership. This year, Hess is the only North American oil and gas company listed on DJSI World and one of only four North American oil and gas companies included in DJSI North America.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on December 29, 2023 to holders of record at the close of business on December 18, 2023.

Hess Corporation (NYSEHES) today announced startup of production from the Payara development on the Stabroek Block offshore Guyana, utilizing the Prosperity floating production, storage and offloading (FPSO) vessel. The Prosperity is expected to reach its initial production of 220,000 gross barrels of oil per day over the first half of 2024 as new wells are brought online. Production capacity on the Stabroek Block is now approximately 620,000 gross barrels of oil per day.

   Hess Corporation (NYSEHES) today reported net income of $504 million, or $1.64 per share, in the third quarter of 2023, compared with net income of $515 million, or $1.67 per share, in the third quarter of 2022. On an adjusted basis, the Corporation reported net income of $583 million, or $1.89 per share, in the third quarter of 2022. The decrease in adjusted after-tax results compared with the prior-year quarter reflects lower realized selling prices, partially offset by the net impact of higher production volumes, in the third quarter of 2023.

Hess Corporation (NYSEHES) announced today that it will no longer hold its third quarter results conference call originally scheduled for Wednesday, October 25, 2023 at 10 a.m. Eastern Time due to the announcement earlier today that Hess has entered into a definitive agreement to be acquired by Chevron, subject to shareholder and regulatory approvals and other customary closing conditions.

Hess Corporation (NYSEHES) announced today that it will hold a conference call on Wednesday, October 25, 2023 at 10 a.m. Eastern Time to discuss its third quarter 2023 earnings release.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on September 29, 2023 to holders of record at the close of business on September 18, 2023.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 7, 2023 at 9:45 a.m. Eastern Time.

   Hess Corporation (NYSEHES) today reported net income of $119 million, or $0.39 per share, in the second quarter of 2023, compared with net income of $667 million, or $2.15 per share, in the second quarter of 2022. On an adjusted basis, the Corporation reported net income of $201 million or $0.65 per share in the second quarter of 2023. The decrease in adjusted after-tax results compared with the prior-year quarter reflects lower realized selling prices, partially offset by the net impact of higher production volumes in the second quarter of 2023.

Hess Corporation (NYSEHES) today announced publication of its annual sustainability report, which provides a comprehensive review of the company’s strategy and performance on environmental, social and governance (ESG) programs and initiatives. Hess Corporation’s 2022 Sustainability Report is available on the company’s website at www.hess.com/sustainability/sustainability-reports.

Hess Corporation (NYSEHES) announced today that it will hold a conference call on Wednesday, July 26, 2023 at 10 a.m. Eastern Time to discuss its second quarter 2023 earnings release.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan 2023 Energy, Power & Renewables Conference Thursday, June 22 at 8:00 a.m. Eastern Time.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on June 30, 2023 to holders of record at the close of business on June 15, 2023.

Hess Corporation (NYSEHES) today announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals. Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup in 2026.

  Hess Corporation (NYSEHES) today reported net income of $346 million, or $1.13 per share, in the first quarter of 2023, compared with net income of $417 million, or $1.34 per share, in the first quarter of 2022. On an adjusted basis, the Corporation reported net income of $404 million, or $1.30 per share in the first quarter of 2022. The decrease in after-tax results compared with the prior-year quarter reflects lower realized selling prices partially offset by the net impact of higher production volumes in the first quarter of 2023.

Hess Corporation (NYSEHES) announced today that it will hold a conference call on Wednesday, April 26, 2023 at 10 a.m. Eastern Time to discuss its first quarter 2023 earnings release.

Hess Corporation (NYSEHES) today announced that it will donate $50 million over the next five years to the Salk Institute’s Harnessing Plants Initiative (HPI), which aims to combat climate change by developing plants’ natural ability to capture and store potentially billions of tons of carbon per year from the atmosphere. These funds will support HPI’s work including faculty recruitment as well as laboratory and research operations and also provide vital infrastructure by establishing the new Hess Center for Plant Science.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the 51st Annual Scotia Howard Weil Energy Conference on March 8, 2023 at 11:30 a.m. Eastern Time.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on March 30, 2023 to holders of record at the close of business on March 13, 2023. The dividend represents an approximate 17% increase compared to the dividend for the fourth quarter of 2022, which equals a 25 cent increase per share on an annualized basis.

Hess Corporation (NYSEHES) has once again received a AAA rating in the latest MSCI environmental, social and governance (ESG) rating assessment. AAA, which is MSCI ESG’s highest rating, designates Hess as a leader in managing industry specific ESG risks relative to peers. Hess is one of only two U.S. oil and gas companies that currently hold a AAA rating from MSCI ESG.

   Hess Corporation (NYSEHES) today reported net income of $624 million, or $2.03 per common share, in the fourth quarter of 2022 compared with net income of $265 million, or $0.85 per common share, in the fourth quarter of 2021. On an adjusted basis, the Corporation had net income of $548 million or $1.78 per common share in the fourth quarter of 2022. The improvement in adjusted after-tax earnings compared with the prior-year period was primarily due to increased sales volumes in Guyana in the fourth quarter of 2022.

Hess Corporation (NYSEHES) today announced a 2023 Exploration & Production capital and exploratory budget of $3.7 billion, of which more than 80% will be allocated to Guyana and the Bakken.

Hess Corporation (NYSEHES) announced today that it will hold a conference call on Wednesday, January 25, 2023 at 10 a.m. Eastern Time to discuss its fourth quarter 2022 earnings release.

Hess Corporation (NYSEHES) has been recognized for climate change stewardship in CDP’s Climate Change Scores for 2022. Hess has earned Leadership status for 14 consecutive years from CDP, an international nonprofit organization that runs a global environmental disclosure system. This year, Hess is one of only two U.S. oil and gas producers to achieve Leadership status, scoring well above both the oil & gas extraction and production sector average and the overall North American regional average.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will participate 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.

Hess Corporation (NYSEHES) has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 13th consecutive year and for the first time has been included in the Dow Jones Sustainability World Index (DJSI World), which comprises global sustainability leaders identified by S&P Global through its Corporate Sustainability Assessment. Only the most sustainable companies are considered each year for DJSI membership. This year, Hess is the only North American oil and gas company listed on DJSI World and one of only three North American oil and gas companies included in DJSI North America.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 37.5 cents per share payable on the Common Stock of the Corporation on December 29, 2022 to holders of record at the close of business on December 19, 2022.

Hess Corporation (NYSEHES) and the Government of Guyana today announced an agreement for Hess to purchase high quality carbon credits for a minimum of $750 million between 2022 and 2032 directly from the Government of Guyana. This agreement will serve to support Guyana’s efforts to protect the country’s vast forests and provide capital to improve the lives of Guyana’s citizens through investments made by the Government as part of Guyana’s Low Carbon Development Strategy (LCDS) 2030. Guyana’s President, Dr. Irfaan Ali was joined today by Vice President, Dr. Bharrat Jagdeo and John Hess, CEO of Hess Corporation for a signing ceremony to commemorate this historic agreement.

Hess Corporation (NYSEHES) announced today that it has completed the sale of its 8.16% interest in the Waha Concession in Libya in equal shares to TotalEnergies and ConocoPhillips.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will provide a keynote presentation at the Bank of America Securities 2022 Global Energy Conference on November 17, 2022 at 7:45 a.m. Eastern Time.

   Hess Corporation (NYSEHES) today reported net income of $515 million, or $1.67 per common share, in the third quarter of 2022, compared with net income of $115 million, or $0.37 per common share, in the third quarter of 2021. On an adjusted basis, the Corporation had net income of $583 million or $1.89 per common share, compared with $86 million, or $0.28 per common share, in the third quarter of 2021. The improvement in adjusted after-tax earnings compared with the prior-year period was primarily due to higher realized selling prices and sales volumes in the third quarter of 2022.

Hess Corporation (NYSEHES) today announced two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the eighth and ninth this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of oil equivalent.

Hess Corporation (NYSEHES) announced today that it will hold a conference call on Wednesday, October 26, 2022 at 10 a.m. Eastern Time to discuss its third quarter 2022 earnings release.

The North Dakota Tribal College System (NDTCS) today announced a new apprenticeship program developed in partnership with Hess Corporation to improve educational and employment opportunities for Native Americans across North Dakota.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 37.5 cents per share payable on the Common Stock of the Corporation on September 30, 2022 to holders of record at the close of business on September 19, 2022.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 8, 2022 at 8:00 a.m. Eastern Time.

Hess Corporation (NYSEHES) today reported net income of $667 million, or $2.15 per common share, in the second quarter of 2022, compared with a net loss of $73 million, or $0.24 per common share, in the second quarter of 2021. On an adjusted basis, the Corporation had net income of $74 million, or $0.24 per common share, in the second quarter of 2021. The improvement in after-tax earnings compared with the prior-year quarter adjusted results was primarily due to higher realized selling prices in the second quarter of 2022.

Hess Corporation (NYSEHES) today announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the sixth and seventh this year, will add to the block’s previously announced gross discovered recoverable resource estimate of approximately 11 billion barrels of oil equivalent.

Hess Corporation (NYSEHES) today announced publication of its annual sustainability report, which provides a comprehensive review of the company’s strategy and performance on environmental, social and governance (ESG) programs and initiatives. Hess Corporation’s 2021 Sustainability Report is available on the company’s website at www.hess.com/sustainability/sustainability-reports.

Hess Corporation (NYSEHES) announced today that it will hold a conference call on Wednesday, July 27, 2022 at 10 a.m. Eastern Time to discuss its second quarter 2022 earnings release.

His Excellency Dr Irfaan Ali today announced a national healthcare initiative in collaboration with the Mount Sinai Health System, an internationally recognized healthcare provider, and Hess Corporation to improve the quality of and access to healthcare for the people of Guyana.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan 2022 Energy, Power & Renewables Conference Thursday, June 23 at 8:20 a.m. Eastern Time.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will participate in a fireside chat at Bernstein’s 38th Annual Strategic Decisions Conference on Thursday, June 2, 2022, at 10:00 a.m. Eastern Time.

The Board of Directors of Hess Corporation (NYSEHES) today declared a regular quarterly dividend of 37.5 cents per share payable on the Common Stock of the Corporation on June 30, 2022 to holders of record at the close of business on June 15, 2022.

Hess Corporation (NYSEHES) has once again been named to the 100 Best Corporate Citizens list, ranking No. 38 on the 2022 list for outstanding environmental, social and governance (ESG) transparency and performance. The annual list ranks the Russell 1000 Index of publicly held U.S. companies based on an independent assessment by ISS-ESG, the responsible investment research arm of Institutional Shareholder Services.

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will deliver a luncheon keynote presentation at the Bank of America Securities 2022 Energy Transition and ESG Conference to be held virtually on May 12, 2022 at 12:30 p.m. Eastern Time.

Hess Corporation (NYSEHES) today reported net income of $417 million, or $1.34 per share, in the first quarter of 2022, compared with net income of $252 million, or $0.82 per share, in the first quarter of 2021. On an adjusted basis, the Corporation reported net income of $404 million, or $1.30 per share, in the first quarter of 2022. The improvement in adjusted after-tax earnings compared with the prior-year period was primarily due to higher realized selling prices in the first quarter of 2022, partially offset by lower sales volumes.

Hess Corporation (NYSEHES) today 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 the previous estimate of more than 10 billion barrels of oil equivalent. The updated resource estimate includes three new discoveries on the block at Barreleye, Lukanani and Patwa in addition to the Fangtooth and Lau Lau discoveries announced earlier this year.

Hess Corporation (NYSEHES) announced today that it will hold a conference call on Wednesday, April 27, 2022 at 10 a.m. Eastern Time to discuss its first quarter 2022 earnings release.

Hess Corporation (NYSEHES) today announced it has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and regulatory approvals. Yellowtail, the fourth oil development and the largest on the Stabroek Block, is expected to produce approximately 250,000 gross barrels of oil per day starting in 2025.

Second paragraph of release dated March 19, 2022, should read: A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website. (instead of A presentation will be posted and a replay of the audio webcast will be accessible via Hess Corporation’s website).

Hess Corporation (NYSEHES) announced today that John Hess, Chief Executive Officer, will speak at the 50th Annual Scotia Howard Weil Energy Conference on March 22, 2022 at 3:30 p.m. Eastern Time.