Hess Corporation (HES)
NYSE NYSE Primary Summary
Exxon's Next Move: Permian Expansion or Deepwater Dive After Hess Loss?
Key Points in This Article: Exxon Mobil's (XOM) Q2 earnings beat expectations despite a profit decline due to lower oil prices, highlighting its resilience through record production.
Hess and a U.K. nuclear plant show what $50 billion gets in the energy market
For nearly the same price, nuclear will generate far more power — and a lot more headaches.
Strength Seen in Hess (HES): Can Its 4.8% Jump Turn into More Strength?
Hess (HES) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Hess Corporation Profile
| - Industry | - Sector | John B. Hess CEO | NYSE Exchange | 42809H107 CUSIP |
| US Country | 1,797 Employees | - Last Dividend | 11 Jun 1979 Last Split | 6 Apr 1983 IPO Date |
Overview
Hess Corporation stands as a prominent exploration and production company, with a focus on discovering, developing, producing, purchasing, transporting, and selling crude oil, natural gas liquids (NGLs), and natural gas. With its operations segmented into Exploration and Production, and Midstream, Hess Corporation strategically manages its production primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. Additionally, its exploration efforts are notably active offshore in regions such as Guyana, the U.S. Gulf of Mexico, Suriname, and Canada. Headquartered in New York, New York, since its incorporation in 1920, Hess Corporation has continually evolved to meet the energy sector's demands through innovation and strategic planning, positioning itself as a key player in the global energy market.
Products and Services
- Crude Oil and Natural Gas Production
- Natural Gas Liquids (NGLs)
- Transportation and Logistics Services
- Midstream Operations
- Water Handling and Environmental Services
Hess Corporation specializes in the exploration and production of vital resources, including crude oil and natural gas. By employing advanced technologies and methodologies, the company ensures the efficient extraction and production of these energy commodities, catering to the global demand.
The company also plays a significant role in the production and sale of NGLs. These hydrocarbons are crucial for a variety of industrial processes and energy production methods, highlighting Hess Corporation’s contribution to the broader energy and chemicals market.
Hess Corporation offers comprehensive transportation and logistics services to facilitate the movement of crude oil, NGLs, and natural gas. This includes gathering, compressing, and processing natural gas; fractionating NGLs; and providing efficient transport solutions, such as rail car loading and transporting, ensuring that these commodities reach their respective markets securely and efficiently.
In addition to upstream activities, Hess Corporation is actively involved in midstream operations, encompassing the gathering, terminaling, loading, and transporting of crude oil and NGLs. The company’s midstream segment also includes activities such as propane storage and terminaling, demonstrating a versatile approach towards handling a broad spectrum of hydrocarbon products.
Hess Corporation extends its services to include water handling, particularly aimed at supporting operations in the Bakken Shale plays in the Williston Basin area of North Dakota. These services underline the company’s commitment to environmental stewardship and the sustainable management of natural resources.
Contact Information
