Articles from Hess Corporation

Hess Corporation (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE:HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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 (NYSE: HES) 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.