HES - Earnings announcements

Hess Corporation (NYSE:HES) announced today that on Wednesday, July 30 it will issue its second quarter earnings press release and post supplemental earnings information on its website at www.hess.com. The company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to the agreement's closing conditions. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may constitute "forward-lo

Key Development: The fourth and largest oil development on the Stabroek Block to date, Yellowtail, is on track to start up in the third quarter of 2025 with an initial gross production capacity of approximately 250,000 barrels of oil per day (bopd) utilizing the ONE GUYANA floating production, storage and offloading vessel (FPSO), which arrived offshore Guyana on April 15th First Quarter Financial and Operational Highlights: Net income was $430 million, or $1.39 per share, compared with $972 million, or $3.16 per share, in the first quarter of 2024; adjusted net income1 in the first quarter of 2025 was $559 million, or $1.81 per share Oil and gas net production was 476,000 barrels

Hess Corporation (NYSE:HES) announced today that on Wednesday, April 30 it will issue its first quarter earnings press release and post supplemental earnings information on its website at www.hess.com. The company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to the agreement's closing conditions. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may constitute "forward-lookin

Fourth Quarter Financial and Operational Highlights: Net income was $542 million, or $1.76 per share, compared with $413 million, or $1.34 per share, in the fourth quarter of 2023; adjusted net income1 in the fourth quarter of 2023 was $501 million, or $1.63 per share Oil and gas net production was 495,000 barrels of oil equivalent per day (boepd), up 18% from 418,000 boepd in the fourth quarter of 2023 Bakken net production was 208,000 boepd, up 7% from 194,000 boepd in the fourth quarter of 2023 Guyana net production was 195,000 barrels of oil per day (bopd), up 52% from 128,000 bopd in the fourth quarter of 2023 E&P capital and exploratory expenditures were $1,677 million,

Hess Corporation (NYSE:HES) 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. The company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to the agreement's closing conditions. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may constitute "forward

Third Quarter Financial and Operational Highlights: In September, the Corporation announced a 14% increase in its quarterly dividend, to $0.50 per share ($2.00 per share annualized) Net income was $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 Adjusted net income1 was $660 million, or $2.14 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 E&P oil and gas net production was 461,000 barrels of oil equivalent per day (boepd), up 17% from 395,000 boepd in the third quarter of 2023 Bakken net produ

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. The company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to the agreement's closing conditions. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may constitute "forward-look

Second Quarter Financial and Operational Highlights: Net income was $757 million, or $2.46 per share, compared with net income of $119 million, or $0.39 per share, in the second quarter of 2023 Adjusted net income1 was $809 million, or $2.62 per share, compared with $201 million, or $0.65 per share, in the second quarter of 2023 Oil and gas net production was 494,000 barrels of oil equivalent per day (boepd), up 28% from 387,000 boepd in the second quarter of 2023 Bakken net production was 212,000 boepd, up 17% from 181,000 boepd in the second quarter of 2023; Guyana net production was 192,000 barrels of oil per day (bopd), up 75% from 110,000 bopd in the prior-year quarter E

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. The company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to shareholder and regulatory approvals and other customary closing conditions. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements

Key Development: Sanctioned development of Whiptail, the sixth development on the Stabroek Block, offshore Guyana; expected to add gross production capacity of approximately 250,000 barrels of oil per day (bopd) by the end of 2027 First Quarter Financial and Operational Highlights: Net income was $972 million, or $3.16 per share, compared with net income of $346 million, or $1.13 per share, in the first quarter of 2023 Oil and gas net production was 476,000 barrels of oil equivalent per day (boepd), up 27% from 374,000 boepd in the first quarter of 2023 Bakken net production was 190,000 boepd, up 17% from 163,000 boepd in the first quarter of 2023; Guyana net production was 1

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 company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to shareholder and regulatory approvals and other customary closing conditions. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in

Key Development: Commenced production from the Payara development at the Stabroek Block, offshore Guyana, in November; Payara reached its initial production capacity of approximately 220,000 gross barrels of oil per day (bopd) in January 2024 Fourth Quarter Financial and Operational Highlights: Net income was $413 million, or $1.34 per share, compared with $497 million, or $1.61 per share, in the fourth quarter of 2022 Adjusted net income1 was $501 million, or $1.63 per share, compared with $522 million, or $1.69 per share, in the fourth quarter of 2022 Oil and gas net production was 418,000 barrels of oil equivalent per day (boepd), up 11% from 376,000 boepd, proforma for as

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. The company will not hold a conference call due to the definitive agreement announced on October 23, 2023 for Hess to be acquired by Chevron, subject to shareholder and regulatory approvals and other customary closing conditions. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statement

Key Development: On October 23rd the Corporation entered into an agreement to merge with Chevron. The transaction is expected to close in the first half of 2024 Third Quarter Financial and Operational Highlights: Net income was $504 million, or $1.64 per share, compared with net income of $515 million, or $1.67 per share, in the third quarter of 2022; adjusted net income1 in the third quarter of 2022 was $583 million, or $1.89 per share Oil and gas net production was 395,000 barrels of oil equivalent per day (boepd), up 13% from 351,000 boepd, proforma for asset sold, in the third quarter of 2022 Bakken net production was 190,000 boepd, up 14% from 166,000 boepd in the third

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. On Wednesday, October 25, Hess will issue its third quarter earnings press release and post supplemental earnings information on its website at www.hess.com. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More in

World class assets and people strengthen long-term outlook Cash flow per share accretion supports higher distributions to shareholders Enhances and extends production and free cash flow growth outlook into 2030s John Hess, Hess CEO, expected to join Chevron Board of Directors Chevron Corporation (NYSE:CVX) announced today that it has entered into a definitive agreement with Hess Corporation (NYSE:HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion, or $171 per share based on Chevron's closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share

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. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only). Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may

Hess Corporation (NYSE:HES) 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. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only). Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may c

Hess Corporation (NYSE:HES) 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. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only). Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may c

Hess Corporation (NYSE:HES) 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. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only). Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may co

Hess Corporation (NYSE:HES) 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. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only). Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may con

Hess Corporation (NYSE:HES) 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. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast (audio only). Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/. Forward-looking Statements Certain statements in this release may const

Hess Corporation (NYSE:HES) 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. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 5695921 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 5695921. This conference call will also be accessible by webcast (audio only). A replay of the conference call will be available from April 27 through May 12, 2022 by dialing 855-859-2056 and entering the pass code 5695921. Outside the United States, parties should dial 404-537-3406 and ent

Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, January 26, 2022 at 10 a.m. Eastern Time to discuss its fourth quarter 2021 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 4683739 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 4683739. This conference call will also be accessible by webcast (audio only). A replay of the conference call will be available from January 26 through February 5, 2022 by dialing 855-859-2056 and entering the pass code 4683739. Outside the United States, parties should dial 404-537-340

Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 27, 2021 at 10 a.m. Eastern Time to discuss its third quarter 2021 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 5934198 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 5934198. This conference call will also be accessible by webcast (audio only). A replay of the conference call will be available from October 27 through November 10, 2021 by dialing 855-859-2056 and entering the pass code 5934198. Outside the United States, parties should dial 404-537-340