Key Developments: Hess Corp (HES)

HES on New York Consolidated

97.51USD
19 Sep 2014
Price Change (% chg)

$-0.22 (-0.23%)
Prev Close
$97.73
Open
$98.29
Day's High
$98.61
Day's Low
$97.31
Volume
3,067,559
Avg. Vol
2,136,644
52-wk High
$104.50
52-wk Low
$73.36

Search Stocks

Latest Key Developments (Source: Significant Developments)

Hess Corp announces regular quarterly dividend on common stock
Wednesday, 3 Sep 2014 04:47pm EDT 

Hess Corp;:Declares regular quarterly dividend of 25 cents per share.Payable on the Common Stock of Corporation on Sept. 30 to holders of record at close of business on Sept. 16.  Full Article

Hess Corp reaffirms FY 2014 production outlook
Wednesday, 30 Jul 2014 07:30am EDT 

Hess Corp:Expects pro forma production to average between 305,000 boepd and 315,000 boepd in FY 2014.  Full Article

Energy Investors Funds acquires Hess Corp's 50 pct equity stake in GE-Powered Newark Energy Center
Friday, 20 Jun 2014 08:00am EDT 

Hess Corp:Energy Investors Funds (EIF), an energy-focused private equity firm, says two EIF-managed funds have indirectly acquired an additional 50 percent ownership stake in the Newark Energy Center from Hess Corp.It is using a $590 million loan from Credit Agricole Corporate and Investment Bank, GE unit GE Energy Financial Services and Mitsubishi UFJ Financial Group (MUFG).With this acquisition, EIF-NEC now holds 100 pct of the equity interests in the Newark Energy Center.  Full Article

Hess Corp announces notes offering
Thursday, 19 Jun 2014 05:53pm EDT 

Hess Corp":Says it agrees to sell $300 mln of 3-year notes with 1.30 pct coupon maturing on June 15, 2017 and $300 mln of 10-year notes with 3.50 pct coupon maturing on July 15, 2024 in registered public offering.Offering led by J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBS Securities Inc., BNP Paribas Securities Corp. and Goldman, Sachs & Co.Hess expects to use net proceeds of notes offering primarily to refinance repayment of $250 mln 7.00 pct notes due 2014 and retire various lease obligations, as well as for working capital and other general corporate purposes.  Full Article

Hess Corp announces regular quarterly dividend on common stock
Wednesday, 4 Jun 2014 04:15pm EDT 

Hess Corp:Declares a regular quarterly dividend of 25 cents per share.Payable on the Common Stock of the Corporation on June 30 to holders of record at the close of business on June 16.  Full Article

Marathon Petroleum Corp's Speedway acquire Hess Retail Holdings LLC
Thursday, 22 May 2014 02:01am EDT 

Marathon Petroleum Corp:Speedway LLC, subsidiary signed definitive agreement with Hess Corporation to acquire Hess Retail Holdings LLC.This transaction incorporates all of Hess' retail locations, transport operations and shipper history on various pipelines, including about 40,000 barrels per day (bpd) on Colonial Pipeline.Says total consideration is $2.874 bln comprised of cash purchase price of $2.37 bln, an estimated $230 mln of working capital and $274 mln of capital leases.Acquisition is expected to be funded with combination of debt and available cash and is anticipated to close late in Q3 of 2014.  Full Article

Hess Corp reaffirms FY 2014 production guidance
Wednesday, 30 Apr 2014 07:30am EDT 

Hess Corp:Says that it still expects production, excluding Libya and asset sales, to average between 305,000 boepd and 315,000 boepd in FY 2014.  Full Article

PTT Exploration and Production announces acquisition of Hess Corporation’s interests in Thailand natural gas producing assets
Tuesday, 22 Apr 2014 09:00pm EDT 

PTT Exploration and Production PCL:Says PTTEP Offshore Investment Co Ltd and PTTEP International Ltd, the units of the company, have signed the Share Purchase Agreement on April 22.To acquire 100 pct of Hess Thailand Holdings II Ltd (HTH) and Exploration Thailand Co Ltd ( HETCL), both are units of Hess Corporation.As HTH holds 100 pct in Hess (Thailand) Ltd (HTL) which owns 15 pct in Block B12/27 of Contract 4 Project and 35 pct in Block EU-1 and Block E5 North of Sinphuhorm Project.HETCL owns 15 pct in Block G7/50 of Contract 4 Project.Total consideration as of about $1,000 mln in cash.Completion date of acquiring HTH is April 22 and HETCL will be within May.  Full Article

Hess Corp announces regular quarterly dividend on common stock
Wednesday, 5 Mar 2014 05:44pm EST 

Hess Corp:Declares a regular quarterly dividend of $0.25 per share payable on the Common Stock of the Corporation on March 31, 2014 to holders of record at the close of business on March 20, 2014.  Full Article

U.S. fines Hess Corp and other oil companies $93,000 for mislabeling crude oil-Reuters
Tuesday, 4 Feb 2014 05:47pm EST 

Hess Corp:The Department of Transportation said Hess Corp, Marathon Oil Corp and Whiting Oil and Gas Corp were cited for wrongly classifying cargo tanks that were delivering crude to rail facilities from the field-Reuters.Three companies operating in North Dakota's Bakken energy patch were on Tuesday were fined $93,000 for wrongly classifying crude oil being hauled from the field to tank car trains.  Full Article

UPDATE 2-Hess, PDVSA receive offer for Virgin Islands Hovensa refinery -sources

* PDVSA tries to sell most of its foreign refining assets (Adds reaction from PDVSA, Duff & Phelps)

Search Stocks