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Hess Corp (HES)

HES on New York Consolidated

60.24USD
23 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Hess Reports Estimated Results For The First Quarter Of 2019
Thursday, 25 Apr 2019 07:30am EDT 

April 25 (Reuters) - Hess Corp ::HESS REPORTS ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2019.Q1 EARNINGS PER SHARE $0.09.NET PRODUCTION, EXCLUDING LIBYA, WAS 278,000 BOEPD IN Q1 OF 2019, UP FROM 233,000 BOEPD.QTRLY NET PRODUCTION FROM GULF OF MEXICO WAS 70,000 BOEPD, UP FROM 41,000 BOEPD IN PRIOR-YEAR QUARTER.QTRLY NET PRODUCTION FROM BAKKEN INCREASED 17 PERCENT TO 130,000 BOEPD FROM 111,000 BOEPD IN YEAR-AGO QUARTER.QTRLY TOTAL REVENUES AND NON-OPERATING INCOME $ 1,599 MILLION VERSUS $1,390 MILLION.Q1 EARNINGS PER SHARE VIEW $-0.25, REVENUE VIEW $1.50 BILLION -- REFINITIV IBES DATA.  Full Article

Hess Announces 2019 E&P Capital And Exploratory Budget Of $2.9 Billion
Monday, 10 Dec 2018 08:02am EST 

Dec 10 (Reuters) - Hess Corp ::HESS ANNOUNCES 2019 E&P CAPITAL AND EXPLORATORY BUDGET.HESS CORP - ANNOUNCED A 2019 E&P CAPITAL AND EXPLORATORY BUDGET OF $2.9 BILLION.HESS CORP - NET PRODUCTION IS FORECAST TO AVERAGE BETWEEN 270,000 AND 280,000 BARRELS OF OIL EQUIVALENT PER DAY IN 2019, EXCLUDING LIBYA.HESS CORP - BAKKEN NET PRODUCTION IS FORECAST TO AVERAGE BETWEEN 135,000 AND 145,000 BARRELS OF OIL EQUIVALENT PER DAY IN 2019.HESS CORP - IN 2019, IN BAKKEN, PLAN TO OPERATE A 6 RIG PROGRAM, UP FROM A 4.8 RIG AVERAGE IN 2018;.HESS CORP - IN GUYANA, 2019 WILL BE PEAK SPEND YEAR FOR LIZA PHASE 1 DEVELOPMENT.HESS CORP - IN 2019, IN BAKKEN, PLAN TO DRILL 170 WELLS, UP 42 PERCENT FROM 2018.HESS CORP - $1,890 MILLION FOR PRODUCTION & $570 MILLION FOR OFFSHORE DEVELOPMENTS IS ALLOCATED UNDER $2.9 BILLION CAPITAL AND EXPLORATORY BUDGET FOR 2019.  Full Article

Omega Advisors Inc Dissolves Share Stake In Box Inc, Paypal; Cuts in Alphabet and Dowdupont
Wednesday, 14 Nov 2018 10:34am EST 

Nov 14 (Reuters) - Omega Advisors Inc::OMEGA ADVISORS INC DISSOLVES SHARE STAKE IN BOX INC - SEC FILING.OMEGA ADVISORS INC DISSOLVES SHARE STAKE IN SYNCHRONY FINANCIAL.OMEGA ADVISORS INC DISSOLVES SHARE STAKE IN PAYPAL HOLDINGS INC.OMEGA ADVISORS INC DISSOLVES SHARE STAKE IN KKR & CO INC.OMEGA ADVISORS INC CUTS SHARE STAKE IN HESS CORP BY 57.4 PERCENT TO 447,164 SHARES.OMEGA ADVISORS INC CUTS SHARE STAKE IN ALPHABET INC BY 16.0 PERCENT TO 130,000 SHARES OF CLASS A CAPITAL STOCK.OMEGA ADVISORS INC CUTS SHARE STAKE IN FIRST DATA CORP BY 33.7 PERCENT TO 5.1 MILLION CLASS A SHARES.OMEGA ADVISORS INC CUTS SHARE STAKE IN DOWDUPONT INC BY 11.2 PERCENT TO 1.0 MILLION SHARES.OMEGA ADVISORS INC - CHANGE IN HOLDINGS ARE AS OF SEPTEMBER 30, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF JUNE 30, 2018.  Full Article

Hess Announces $1.0 Billion Share Repurchase Program
Thursday, 8 Mar 2018 07:33am EST 

March 8 (Reuters) - Hess Corp ::HESS ANNOUNCES $1.0 BILLION SHARE REPURCHASE PROGRAM.HESS ANNOUNCES $1.0 BILLION SHARE REPURCHASE PROGRAM.HESS CORP - BOARD AUTHORIZED PURCHASE OF $1.0 BILLION OF HESS COMMON STOCK BY END OF 2018.HESS CORP - NEWLY AUTHORIZED PROGRAM IS IN ADDITION TO $500 MILLION SHARE REPURCHASE PROGRAM HESS ANNOUNCED IN LATE 2017.HESS CORP - INTENDS TO FUND REPURCHASES FROM EXISTING CASH AND PROCEEDS FROM ANNOUNCED ASSET SALES.HESS - CO WILL PURCHASE $500 MILLION OF COMMON STOCK THROUGH ACCELERATED STOCK REPURCHASE PROGRAM.HESS - CO WILL ALSO PURCHASE $500 MILLION OF COMMON STOCK IN OPEN MARKET.  Full Article

Hess Corp Files For Potential Mixed Shelf Offering Size Not Disclosed - SEC Filing
Wednesday, 28 Feb 2018 07:00am EST 

Feb 28 (Reuters) - Hess Corp ::HESS CORP FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Omega Advisors Takes Share Stake In Wells Fargo, Citigroup
Wednesday, 14 Feb 2018 12:21pm EST 

Feb 14 (Reuters) - Omega Advisors::TAKES SHARE STAKE OF 609,700 SHARES IN WELLS FARGO - SEC FILING.TAKES SHARE STAKE OF 130,000 SHARES IN CITIGROUP - SEC FILING.TAKES SHARE STAKE OF 171,353 SHARES IN HUMANA - SEC FILING.TAKES SHARE STAKE OF 1.7 MILLION SPONSORED ADRS IN CEMEX - SEC FILING.DISSOLVES SHARE STAKE IN GODADDY - SEC FILING.UPS SHARE STAKE IN UNITED CONTINENTAL HOLDINGS TO 2.2 MILLION SHARES FROM 1.8 MILLION SHARES - SEC FILING.CUTS SHARE STAKE IN PAYPAL TO 499,600 SHARES FROM 892,900 SHARES - SEC FILING.MORE THAN DOUBLES SHARE STAKE IN NABORS INDUSTRIES TO 6.7 MILLION SHARES - SEC FILING.UPS SHARE STAKE IN OCWEN FINANCIAL BY 27.6 PERCENT TO 11.1 MILLION SHARES - SEC FILING.UPS SHARE STAKE IN HESS CORP BY 69.7 PERCENT TO 1.7 MILLION SHARES - SEC FILING.CHANGE IN HOLDINGS ARE AS OF DEC. 31, 2017 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPT. 30, 2017.  Full Article

Hess Corp Calls Outstanding Notes Due In 2019 For Redemption
Tuesday, 16 Jan 2018 04:15pm EST 

Jan 16 (Reuters) - Hess Corp ::HESS CORPORATION CALLS OUTSTANDING NOTES DUE IN 2019 FOR REDEMPTION.HESS CORP - ‍IT WILL REDEEM ALL OF ITS 8.125% NOTES DUE FEB. 15, 2019 , OF WHICH $349.6 MILLION PRINCIPAL AMOUNT IS OUTSTANDING AS OF JAN. 16, 2018​.HESS CORP - ‍HESS INTENDS TO USE CASH ON HAND TO FUND REDEMPTION OF NOTES​.HESS CORP - ‍NOTES WILL BE REDEEMED ON FEBRUARY 15, 2018​.  Full Article

Oil firm Aker BP completes takeover of Hess' Norway unit
Friday, 22 Dec 2017 09:15am EST 

Dec 22 (Reuters) - Aker Bp Asa ::ACQUISITION OF HESS NORGE COMPLETED.‍ALL CLOSING CONDITIONS HAVE BEEN FULFILLED, AND CLOSING OF TRANSACTION TOOK PLACE ON 22 DECEMBER 2017​.  Full Article

Elliott seeks to remove John Hess as CEO Of Hess Corp - CNBC, citing Dow Jones ‍​
Thursday, 14 Dec 2017 04:09pm EST 

Dec 14 (Reuters) - :ELLIOTT SEEKS TO REMOVE JOHN HESS AS CEO OF HESS CORP. OR GET HIM TO CONSIDER SALE; ALSO SEEKS DIVIDEND CUT, MORE BUYBACKS - CNBC, CITING DOW JONES ‍​.  Full Article

Hess Corp Says Co,Certain Units Amended & Restated Existing 5-Year Credit Agreement Dated As Of Jan 21, 2015
Friday, 8 Dec 2017 06:15am EST 

Dec 8 (Reuters) - Hess Corp ::HESS CORP - ON DEC 1 CO,CERTAIN UNITS AMENDED & RESTATED EXISTING 5-YEAR CREDIT AGREEMENT DATED AS OF JANUARY 21, 2015 - SEC FILING.HESS SAYS AGREEMENT PROVIDES FOR UP TO $4 BILLION UNTIL JAN 21, 2020, EXTENDS UPTO $3.7 BILLION OF COMMITMENTS FOR 1-YEAR PERIOD UNTIL JAN 21, 2021.  Full Article

Hess posts surprise profit on higher Bakken, Gulf of Mexico output

Hess Corp reported a surprise profit on Thursday, supported by higher production at the U.S. oil and gas producer's oilfields in the Bakken shale and Gulf of Mexico regions.