News
HES
161.47
+0.01%
0.02
WRAPUP 1-Earnings for Big Oil backpaddle as natgas prices tumble
U.S. And European oil companies report weaker first quarter results due to sharp drop in gas prices. In the U.S., Exxon Mobil and Chevron miss Wall Street targets on lower gas earnings. French oil major TotalEnergies slightly beat expectations with better-than-expected oil production. Profits at oil and gas firms are still retreating from record levels in 2022.
Reuters · 1h ago
US Energy Stocks Fall Following Oil Giants' Subdued Earnings Reports
Shares of major U.S. Energy companies experienced sharp declines in the first hour of trading on Friday. Exxon Mobil Corp. And Chevron Corp. Reported disappointing first-quarter earnings. The Energy Select Sector SPDR Fund experienced its worst day since late January. Phillips 66 also reported earnings and revenue that fell below expectations.
Benzinga · 1h ago
Phillips 66 (PSX) Q1 Earnings Miss, Revenues Increase Y/Y
NASDAQ · 2h ago
CHEVRON CEO MIKE WIRTH ON THE HESS ACQUISITION SAYS EXPECT SHAREHOLDER VOTE TO BE HELD IN LATE MAY- CNBC INTERVIEW
Reuters · 4h ago
Exxon CEO Touts Effort To Take On Lawyers, Investors, And Chevron -- Market Talk
CEO Darren Woods says Exxon fought off a frivolous lawsuit challenging its purchase of Pioneer Natural Resources. He says the oil giant won't let outside third parties diminish "the value we have created" Exxon Mobil's 1Q earnings call comes on the heels of a disappointing quarter. Woods: Exxon will keep pursuing a lawsuit against sustainability investors.
Dow Jones · 4h ago
CVX Earnings: Chevron’s Q1 Revenues Beat Estimates
TipRanks · 4h ago
Chevron expects to receive HSR approval for Hess within a few weeks - CNBC
Energy M&A Chevron expects to receive HSR approval for Hess within a few weeks - CNBC. Chevron and Hess said they received a request for more information from the Federal Trade Commission on their planned $53 billion deal in December. The oil giant expects to get HSR clearance for its planned Hess (HES) deal.
Seeking Alpha · 6h ago
Galp Energia (GLPEY) Taps Into Vast Hydrocarbon Reserves
NASDAQ · 6h ago
Oceaneering (OII) Q1 Earnings and Revenues Miss Estimates
NASDAQ · 6h ago
Helmerich & Payne (HP) Q2 Earnings and Revenues Top Estimates
NASDAQ · 6h ago
Scotiabank Sticks to Its Hold Rating for Hess (HES)
TipRanks · 6h ago
UPDATE 2-Exxon misses on Q1 profit despite big gains in Guyana
Exxon Mobil Corp reports 28% year-on-year drop in first quarter profits to $8.22 billion. Earnings per share of $2.06 miss analysts' estimates. Company's Guyana oil and gas production gains offset lower gas prices. Exxon in process of closing $60 billion deal for top shale oil producer Pioneer Natural Resources.
Reuters · 6h ago
Exxon misses on Q1 profit despite big gains in Guyana
Exxon misses on Q1 profit despite big gains in Guyana. Weaker refining margins and lower gas prices offset volume gains. Exxon is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources. The company posted first-quarter earnings of $8.22 billion, missing analysts' estimates.
Reuters · 7h ago
UPDATE 1-Chevron's quarterly profit beats estimates
Chevron's quarterly profit beats estimates as higher production volumes offset weak gas prices. U.S. Production was up 35 percent from a year ago. The company is in the process of acquiring Hess Corp in a $53 billion deal. Global oil prices were largely range bound in the first three months of 2014.
Reuters · 7h ago
UPDATE 2-Chevron posts Q1 profit beat with oil production gains
Chevron posts first-quarter profit of $5.5 billion, beating estimates by 2%. U.S. Production up 35% from a year ago, company says. The company's shares fell 1.4% in pre-market trading. Chevron and Exxon Mobil are feeling the pinch of weak gas prices and fuel margins.
Reuters · 7h ago
CHEVRON: REMAIN CONFIDENT THAT PREEMPTION RIGHT DOES NOT APPLY TO HESS TRANSACTION AND BELIEVE THIS WILL BE AFFIRMED IN ARBITRATION
Reuters · 7h ago
Chevron reports Q1 profit beat
Chevron reports adjusted earnings of $2.93 per share for the first quarter. The company is in the process of acquiring Hess Corp in a $53 billion deal. Higher production volumes helped offset an impact from weak gas prices. Chevron beat estimates for first-quarter profit.
Reuters · 7h ago
Meet the Industry-Leading Stock Billionaires Warren Buffett, Ken Griffin, Ken Fisher, and Steven Cohen Can't Stop Buying
NASDAQ · 8h ago
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About HES
Hess Corporation is an exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations located in the United States (U.S.), Guyana, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. The Company operates through two segments: E&P and Midstream. The E&P operating segment explores for, develops, produces, purchases and sells crude oil, NGL and natural gas. The Midstream operating segment provides fee-based services, including gathering, compressing and processing natural gas and fractionating NGL; gathering, terminating, loading and transporting crude oil and NGL; storing and terminating propane, and water handling services primarily in the Bakken shale play of North Dakota. The Company conducts exploration activities primarily offshore Guyana, in the U.S. Gulf of Mexico, and offshore Suriname.