View ValuationThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsHess 향후 성장Future 기준 점검 4/6Hess (는) 각각 연간 23.6% 및 8.7% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 24% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 23.2% 로 예상됩니다.핵심 정보23.6%이익 성장률24.05%EPS 성장률Oil and Gas 이익 성장11.3%매출 성장률8.7%향후 자기자본이익률23.19%애널리스트 커버리지Good마지막 업데이트17 Jul 2025최근 향후 성장 업데이트Major Estimate Revision • Jul 07Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$11.4b to US$11.2b. EPS estimate rose from US$4.34 to US$5.08. Net income forecast to shrink 19% next year vs 6.5% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$158. Share price rose 3.5% to US$143 over the past week.Major Estimate Revision • May 24Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$11.5b to US$11.4b. EPS estimate rose from US$3.82 to US$4.49. Net income forecast to shrink 17% next year vs 6.8% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$159. Share price fell 2.6% to US$131 over the past week.공시 • Apr 30Hess Corporation Provides Production Guidance for the Second Quarter of 2025Hess Corporation provided production guidance for the second quarter of 2025. For the quarter, the company expects E&P net production to be in the range of 480,000 boepd to 490,000 boepd.Major Estimate Revision • Apr 21Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$12.5b to US$12.2b. EPS estimate also fell from US$7.39 per share to US$6.42 per share. Net income forecast to shrink 27% next year vs 9.3% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$163. Share price was steady at US$126 over the past week.공시 • Jan 29Hess Corporation Provides Production Guidance for the First Quarter of 2025Hess Corporation provided production guidance for the first quarter of 2025. For the quarter, the company expects net production guidance for Guyana for the first quarter of 2025 includes tax barrels of approximately 20,000 bopd.공시 • Nov 02Hess Corporation Provides Consolidated Production Guidance for the Fourth Quarter of 2024Hess Corporation provided production guidance for the fourth quarter of 2024. For the quarter, the company's E&P net production is expected to be in the range of 475,000 boepd to 485,000 boepd, primarily reflecting recovery from downtime in the third quarter of 2024 at Guyana and Southeast Asia partially offset by planned maintenance at the Tubular Bells production facility in the fourth quarter of 2024.모든 업데이트 보기Recent updates공시 • Jul 18+ 1 more updateChevron Corporation (NYSE:CVX) Completed the acquisition of Hess Corporation (NYSE:HES) from The Vanguard Group, Inc., FMR LLC, BlackRock, Inc., State Street Corporation and others.Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire Hess Corporation (NYSE:HES) from The Vanguard Group, Inc., FMR LLC, BlackRock, Inc., State Street Corporation and others for $52.7 billion on October 22, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion. In aggregate, upon closing of the transaction, Chevron will issue approximately 317 million shares of common stock. The transaction price represents a premium of 10.3% on a 20-day average based on closing stock prices on October 20, 2023. In addition, John Hess is expected to join Chevron’s Board of Directors. The transaction would be accretive to cash flow per share and extends growth into 2030s. In case of termination, Hess will pay Chevron a termination fee of approximately $1.715 billion under certain circumstances provided in the merger agreement. The acquisition is subject to Hess shareholder approval. It is also subject to regulatory approvals, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the effectiveness of the Registration Statement on Form S-4 to be filed by Chevron pursuant to which the shares of Chevron common stock to be issued in connection with the Merger will be registered with the U.S. Securities and Exchange Commission and the authorization for listing on the New York Stock Exchange of the shares of Chevron common stock to be issued in connection with the Merger and other customary closing conditions. The transaction has been unanimously approved by the Boards of Directors of both companies. As on December 7, 2023, HSR Act waiting period is further extended by 30 days after FTC's second review request. As on May 13, 2024, US Senate majority leader Chuck Schumer has demanded that the Federal Trade Commission (FTC) should block the merger. Hess shareholders approved the transaction at special meeting held on May 28, 2024. On September 30, 2024, Hess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. The Federal Trade Commission has ordered that Hess CEO John Hess is barred from joining the Chevron board. The transaction is expected to close by the end of the first half of 2024. As per updated filing, transaction is expected to close in middle of 2024. As of March 17, 2025, Between January and March 2025, Chevron Corporation purchased 15,380,000 shares of Hess Corporation common stock at prevailing market prices in open market transactions. The number of shares purchased represents approximately 4.99% of the shares of Hess common stock outstanding as of January 31, 2025. These purchases, which were made at prices that represent a discount to the price of shares of Hess common stock implied in the exchange ratio set forth in the Merger Agreement entered into between Chevron and Hess on October 22, 2023. These purchases of shares of Hess common stock are in addition to repurchases of Chevron common stock being made for the first quarter ending March 31, 2025. As of July 17, 2025, decision to rescind the orders related to the Chevron/Hess matters has been agreed by Mark R. Meador. Morgan Stanley & Co. LLC is acting as lead financial advisor to Chevron. Evercore also advised Chevron. Kyle Seifried,Stan Richards, Scott Barshay, John Kennedy, Christodoulos Kaoutzanis, Caith Kushner and Manuel Frey, Lawrence Witdorchic, Brian Krause, Claudine Meredith-Goujon, and Peter Fisch of Paul, Weiss, Rifkind, Wharton & Garrison LLP are acting as legal advisors to Chevron. Goldman Sachs & Co. LLC is acting as lead financial advisor and fairness opinion provider to Hess. J.P. Morgan Securities LLC also advised Hess. Martin Lipton, Karessa L. Cain, Zachary S. Podolsky, Nelson O. Fitts, Jeannemarie O'Brien, Emily D. Johnson and T. Eiko Stange of Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Hess. Stuart Rogers of Alston & Bird LLP represented Morgan Stanley & Co. LLC as financial advisor. David A. Higbee, Ben Gris and Jonathan Cheng of Shearman & Sterling LLP is acting as legal advisor to Chevron in the transaction. Morgan Stanley and Paul, Weiss, Rifkind, Wharton & Garrison also provided due diligence services. Computershare, Inc. acted as transfer agent for Hess and Computershare Shareowner Services LLC acted as transfer agent for Chevron. Hess has retained MacKenzie Partners, Inc. to assist in the solicitation of proxies for an estimated fee of approximately $40,000. Hess has agreed to pay Goldman Sachs a transaction fee of $80 million, $4 million of which became payable upon the announcement of the merger, and the remainder of which is contingent upon consummation of the merger. Chevron Corporation (NYSE:CVX) Completed the acquisition of Hess Corporation (NYSE:HES) from The Vanguard Group, Inc., FMR LLC, BlackRock, Inc., State Street Corporation and others on July 18, 2025. Hess continuing as the surviving corporation and a direct, wholly owned subsidiary of Chevron. Hess common stock was suspended from trading on the New York Stock Exchange (the “NYSE”) prior to the open of trading on July 18 , 2025.공시 • Jul 09Hess Corporation to Report Q2, 2025 Results on Jul 30, 2025Hess Corporation announced that they will report Q2, 2025 results on Jul 30, 2025Major Estimate Revision • Jul 07Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$11.4b to US$11.2b. EPS estimate rose from US$4.34 to US$5.08. Net income forecast to shrink 19% next year vs 6.5% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$158. Share price rose 3.5% to US$143 over the past week.Seeking Alpha • Jul 07Hess Corporation: Climax AheadSummary The arbitration decision on Exxon Mobil's right of first refusal is imminent. Retail shareholders are disadvantaged by Hess's limited information disclosure during the prolonged acquisition timeline. Guyana production growth, driven by new FPSOs, is rapidly increasing Hess's value and future earnings potential. Hess management's lack of communication post-merger agreement leaves investors in the dark about key project updates. It would appear that all outcomes are good for investors, even if some outcomes are better than others. Read the full article on Seeking Alpha공시 • Jun 30+ 3 more updatesHess Corporation(NYSE:HES) dropped from Russell 3000 Growth IndexHess Corporation(NYSE:HES) dropped from Russell 3000 Growth IndexUpcoming Dividend • Jun 09Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.1%).Recent Insider Transactions • Jun 08CEO & Director recently sold US$64m worth of stockOn the 6th of June, John Hess sold around 475k shares on-market at roughly US$135 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by US$235m.Major Estimate Revision • May 24Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$11.5b to US$11.4b. EPS estimate rose from US$3.82 to US$4.49. Net income forecast to shrink 17% next year vs 6.8% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$159. Share price fell 2.6% to US$131 over the past week.Declared Dividend • May 18First quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 16th June 2025 Payment date: 30th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 15Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on June 30, 2025The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on June 30, 2025 to holders of record at the close of business on June 16, 2025.Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$1.39 (down from US$3.17 in 1Q 2024). Revenue: US$2.86b (down 12% from 1Q 2024). Net income: US$430.0m (down 56% from 1Q 2024). Profit margin: 15% (down from 30% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.공시 • Apr 30Hess Corporation Provides Production Guidance for the Second Quarter of 2025Hess Corporation provided production guidance for the second quarter of 2025. For the quarter, the company expects E&P net production to be in the range of 480,000 boepd to 490,000 boepd.Major Estimate Revision • Apr 21Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$12.5b to US$12.2b. EPS estimate also fell from US$7.39 per share to US$6.42 per share. Net income forecast to shrink 27% next year vs 9.3% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$163. Share price was steady at US$126 over the past week.공시 • Apr 10Hess Corporation to Report Q1, 2025 Results on Apr 30, 2025Hess Corporation announced that they will report Q1, 2025 results on Apr 30, 2025공시 • Apr 07Hess Corporation, Annual General Meeting, May 14, 2025Hess Corporation, Annual General Meeting, May 14, 2025.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$134, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total returns to shareholders of 23% over the past three years.Recent Insider Transactions • Mar 31CEO & Director recently sold US$56m worth of stockOn the 28th of March, John Hess sold around 350k shares on-market at roughly US$159 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by US$171m.Recent Insider Transactions Derivative • Mar 21Key Executive notifies of intention to sell stockGregory Hill intends to sell 58k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of March. If the sale is conducted around the recent share price of US$156, it would amount to US$9.0m. Since March 2024, Gregory's direct individual holding has increased from 125.67k shares to 142.59k. Company insiders have collectively sold US$148m more than they bought, via options and on-market transactions in the last 12 months.Declared Dividend • Mar 09Fourth quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 17th March 2025 Payment date: 31st March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Mar 06Hess Announces Regular Quarterly Dividend on Common Stock, Payable on March 31, 2025The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on March 31, 2025 to holders of record at the close of business on March 17, 2025.Reported Earnings • Mar 03Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$9.03 (up from US$4.52 in FY 2023). Revenue: US$12.7b (up 23% from FY 2023). Net income: US$2.77b (up 100% from FY 2023). Profit margin: 22% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.Board Change • Mar 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. Independent Director Lisa Glatch was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions Derivative • Feb 09CEO & Director exercised options and sold US$7.1m worth of stockOn the 5th of February, John Hess exercised options to acquire 50k shares at no cost and sold these for an average price of US$143 per share. This trade did not impact their existing holding. For the year to December 2018, John's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, John's direct individual holding has decreased from 21.65m shares to 15.56m. Company insiders have collectively sold US$184m more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Jan 30Hess Corporation: Advantage To Exxon MobilSummary Hess Corporation's profits are driven by Guyana operations. Exxon Mobil's position strengthens as arbitration continues. The value of Hess keeps increasing with rising Guyana production and the slow arbitration process. Hess's North American operations are unprofitable. The fast-growing production from Guyana is crucial, with another FPSO expected to boost production when it begins production towards the end of the fiscal year. It is time for Hess to resume conference calls and update company presentations to keep shareholders informed. Read the full article on Seeking AlphaReported Earnings • Jan 29Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$9.02 (up from US$4.52 in FY 2023). Revenue: US$13.0b (up 26% from FY 2023). Net income: US$2.77b (up 100% from FY 2023). Profit margin: 21% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공시 • Jan 29Hess Corporation Provides Production Guidance for the First Quarter of 2025Hess Corporation provided production guidance for the first quarter of 2025. For the quarter, the company expects net production guidance for Guyana for the first quarter of 2025 includes tax barrels of approximately 20,000 bopd.공시 • Jan 07Hess Corporation to Report Q4, 2024 Results on Jan 29, 2025Hess Corporation announced that they will report Q4, 2024 results on Jan 29, 2025Declared Dividend • Dec 08Third quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 16th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (21% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Dec 05Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on December 31, 2024The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on December 31, 2024 to holders of record at the close of business on December 16, 2024.Recent Insider Transactions • Nov 25CEO & Director recently sold US$51m worth of stockOn the 22nd of November, John Hess sold around 343k shares on-market at roughly US$148 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$65m. John has been a net seller over the last 12 months, reducing personal holdings by US$135m.Seeking Alpha • Nov 21Hess Corporation: All Avenues Lead To GuyanaSummary Net income advances strongly with each new FPSO that begins production. The dividend was increased to $.50 per share. The Chevron merger is pending arbitration, with risks tied to commodity prices and Exxon Mobil's arbitration outcome. All of Hess' profit is in international, where the Guyana production is. The next FPSO will set sail for Guyana in the first quarter of 2025. Read the full article on Seeking AlphaRecent Insider Transactions • Nov 08Key Executive recently sold US$8.7m worth of stockOn the 5th of November, Gregory Hill sold around 63k shares on-market at roughly US$139 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gregory has been a net seller over the last 12 months, reducing personal holdings by US$12m.Recent Insider Transactions Derivative • Nov 07Key Executive notifies of intention to sell stockGregory Hill intends to sell 63k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of November. If the sale is conducted around the recent share price of US$139, it would amount to US$8.7m. Since March 2024, Gregory has owned 125.67k shares directly. Company insiders have collectively sold US$42m more than they bought, via options and on-market transactions in the last 12 months.공시 • Nov 02Hess Corporation Provides Consolidated Production Guidance for the Fourth Quarter of 2024Hess Corporation provided production guidance for the fourth quarter of 2024. For the quarter, the company's E&P net production is expected to be in the range of 475,000 boepd to 485,000 boepd, primarily reflecting recovery from downtime in the third quarter of 2024 at Guyana and Southeast Asia partially offset by planned maintenance at the Tubular Bells production facility in the fourth quarter of 2024.Reported Earnings • Nov 01Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$1.62 (down from US$1.65 in 3Q 2023). Revenue: US$3.13b (up 14% from 3Q 2023). Net income: US$498.0m (down 1.2% from 3Q 2023). Profit margin: 16% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 9.7%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Seeking Alpha • Oct 07Hess Corporation: Time Value Clock Is Ticking While Management Remains SilentSummary Hess Corporation's merger with Chevron faces delays due to Exxon Mobil's first refusal rights. Another FPSO coming online in Guyana by 2025 could significantly boost cash flow, enhancing the time value of money for Hess. Exxon Mobil's arbitration case may extend until the second half of 2025. The Uaru project gains importance as the new FPSO's production capability accelerates cash flow realization. Every FPSO that produces is a material addition to the company's cash flow. That cash flow figures into the acquisition value of the company. Read the full article on Seeking Alpha공시 • Oct 03Hess Corporation to Report Q3, 2024 Results on Oct 30, 2024Hess Corporation announced that they will report Q3, 2024 results on Oct 30, 2024공시 • Oct 01Hess Corporation Announces HSR Clearance Of Chevron-Hess MergerHess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. To facilitate completion of the merger, Hess and Chevron have agreed that Mr. Hess will not be appointed to the Chevron Board of Directors in order to address a concern raised by the FTC about Mr. Hess’ communications with a limited number of OPEC officials. However, Mr. Hess will serve as an advisor and representative for Chevron on government relations and social investments in Guyana as well as on support for the Salk Institute’s Harnessing Plants Initiative. The Hess Board of Directors believes that the competitive concern raised by the FTC about Mr. Hess’ communications is without merit, and fully supports Mr. Hess in his role as CEO of Hess Corporation. Mr. Hess’ public and private communications with OPEC officials were consistent with his communications with U.S. government officials, the International Energy Agency and global business leaders on what will be needed to ensure an affordable and orderly energy transition. Completion of the merger remains subject to the Merger Agreement's closing conditions, including the satisfactory resolution of ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement.Declared Dividend • Sep 08Second quarter dividend increased to US$0.50Dividend of US$0.50 is 14% higher than last year. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Sep 05Hess Corporation Increases Regular Quarterly Dividend on Common Stock, Payable on September 30, 2024The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on September 30, 2024 to holders of record at the close of business on September 16, 2024. The dividend represents an approximate 14% increase compared to the dividend for the second quarter of 2024, which equals a 25 cent increase per share on an annualized basis.Seeking Alpha • Aug 01Hess Corporation: Manifesting The Time Value Of MoneySummary Arbitration hearing for a dispute over Hess Corporation's interest in Guyana delayed to May 2025. Earnings benefit from stronger commodity prices and increased production from the new FPSO. Delay in merger raises Hess Corporation's value as Guyana production and profits climb. The approval of the merger has tied the Hess stock performance to the Chevron stock price performance, despite Hess business growth being faster. The United States business needs to be improved to run at a profit. Read the full article on Seeking AlphaReported Earnings • Aug 01Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: US$2.47 (up from US$0.39 in 2Q 2023). Revenue: US$3.26b (up 45% from 2Q 2023). Net income: US$757.0m (up US$638.0m from 2Q 2023). Profit margin: 23% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.공시 • Jul 31Hess Corporation Provides Production Guidance for the Third Quarter of 2024Hess Corporation provided production guidance for the third quarter of 2024. For the quarter, the company expects E&P net production to be in the range of 460,000 boepd to 470,000 boepd, primarily reflecting planned downtime in Guyana and Southeast Asia.공시 • Jul 04Hess Corporation to Report Q2, 2024 Results on Jul 31, 2024Hess Corporation announced that they will report Q2, 2024 results on Jul 31, 2024Seeking Alpha • Jun 24Hess Chevron Merger - Detailed Insight Into The ICC Arbitration Process And Its ImpactSummary The ICC Arbitration process is a very complex and uncertain process. If Exxon wins the ICC arbitration, the Hess and Chevron merger deal could be terminated. Hess stock is currently selling at a 9.6% discount to the value of Chevron shares received under the merger. Read the full article on Seeking AlphaUpcoming Dividend • Jun 07Upcoming dividend of US$0.44 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.1%).Seeking Alpha • May 25Hess Corporation: An Attractive Risk/Reward Prospect On Merger Drama (Rating Upgrade)Summary Chevron's acquisition of Hess Corporation is facing uncertainty as shareholders plan to abstain from voting on the deal. Regulatory approval and an ongoing arbitration with Exxon Mobil are potential obstacles to the completion of the transaction. Shareholders are divided on the merger, with one advisory firm recommending in favor and another recommending abstention. In all, the company seems to be a favorable risk/reward opportunity at this point in time. Read the full article on Seeking AlphaDeclared Dividend • May 19First quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • May 16Hess Corporation Declares Regular Quarterly Dividend, Payable on June 28, 2024The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on June 28, 2024 to holders of record at the close of business on June 14, 2024.Seeking Alpha • May 16Hess Corporation: What Has ChangedSummary The proposed acquisition of Hess Corporation by Chevron will take longer than expected, potentially impacting the deal. Hess is a rapidly growing company, with production up 27% in the first quarter, making it an attractive investment. The value of Hess is located primarily in the Guyana Partnership. There is an expected FPSO every single year for the foreseeable future. Cash flow took a giant leap in the current quarter and is expected to take another giant leap every time a new FPSO begins production. Read the full article on Seeking AlphaMajor Estimate Revision • May 02Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$13.0b to US$13.4b. EPS estimate increased from US$8.22 to US$9.44 per share. Net income forecast to grow 49% next year vs 4.3% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$174. Share price was steady at US$159 over the past week.Reported Earnings • Apr 25First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$3.18 (up from US$1.13 in 1Q 2023). Revenue: US$3.34b (up 41% from 1Q 2023). Net income: US$972.0m (up 181% from 1Q 2023). Profit margin: 29% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 90%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Seeking Alpha • Apr 14Hess Corporation And An Acquisition That Might Not CloseSummary Hess Corporation's share price is approaching its late-2023 highs and has a market capitalization of almost $50 billion. The proposed acquisition deal with Chevron is facing a roadblock due to Exxon Mobil's claim of right of first refusal for any sale of Hess Corporation's stake in Guyana. Despite the risk posed by Exxon Mobil, Hess Corporation remains a valuable investment with its strong assets and financial performance. Read the full article on Seeking Alpha공시 • Apr 06Hess Corporation, Annual General Meeting, May 15, 2024Hess Corporation, Annual General Meeting, May 15, 2024, at 09:00 Central Standard Time. Agenda: To elect twelve directors; to conduct a non-binding advisory vote to approve the compensation of named executive officers; to act upon the ratification of the selection by the audit committee of Ernst & Young LLP as independent registered public accountants; and to consider other business issues.공시 • Apr 05Hess Corporation to Report Q1, 2024 Results on Apr 25, 2024Hess Corporation announced that they will report Q1, 2024 results on Apr 25, 2024Recent Insider Transactions • Mar 22Insider recently sold US$1.1m worth of stockOn the 20th of March, Geurt Schoonman sold around 7k shares on-market at roughly US$151 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$20m. Insiders have been net sellers, collectively disposing of US$34m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Mar 21Insider notifies of intention to sell stockAndrew Slentz intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of March. If the sale is conducted around the recent share price of US$150, it would amount to US$3.0m. Since September 2023, Andrew's direct individual holding has increased from 34.27k shares to 50.22k. Company insiders have collectively sold US$50m more than they bought, via options and on-market transactions in the last 12 months.공시 • Mar 19Exxon Mobil Chief Executive Officer Says Not Trying to Acquire HessExxon Mobil Corporation (NYSE:XOM) Chief Executive Officer Darren Woods on March 18, 2024 said his company is trying to secure preemption rights over Hess Corporation (NYSE:HES) Guyana assets in its dispute with Chevron Corporation (NYSE:CVX), not buy the company itself. In his first public remarks on the company's pursuit of an arbitration case that could block Chevron's $53 billion deal for Hess, Woods said Exxon would not have waited for Chevron to announce its Hess deal if it had wanted to buy Hess. "We're basically standing up for what we believe is a fundamental right," Woods told Reuters. Exxon is trying to "secure and confirm the rights in that contract gives the existing partners." Exxon wants to "evaluate that value and do what is in the best interest of Exxon Mobil shareholders, given the investments that we've made and all the work we've done to make that successful." Hess and Chevron have said they disagree with Exxon's interpretation of the joint operating agreement that governs the Exxon, Hess and CNOOC Limited (SEHK:883), consortium responsible for all of Guyana's oil production. Chevron's acquisition of Hess has been stalled by the U.S. Federal Trade Commission's request for additional information on the merger. That request pushed back any closing to at least the middle of this year.Declared Dividend • Mar 10Fourth quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 15th March 2024 Payment date: 28th March 2024 Dividend yield will be 1.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Recent Insider Transactions • Mar 03CEO & Director recently sold US$20m worth of stockOn the 29th of February, John Hess sold around 136k shares on-market at roughly US$146 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.Major Estimate Revision • Feb 14Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$13.8b to US$12.6b. EPS estimate also fell from US$8.12 per share to US$7.20 per share. Net income forecast to grow 66% next year vs 2.0% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$165. Share price was steady at US$143 over the past week.Seeking Alpha • Feb 13Hess: Why No Acquisition Premium Is Already A PremiumSummary Chevron's agreement to acquire Hess has raised questions about the lack of a premium in the merger. Hess' stock price remained stagnant until cash flow began to arrive from the Guyana partnership. The market now recognizes the value of Hess' stock due to its growth story and increasing cash flow from new platforms in Guyana. The market emphasis on the arrival of cash flow marks a change in reaction to major discoveries. Brazil remains a big fan of Guyana and has troops at the border with Venezuela. That should keep the "saber rattling" to just "saber rattling". Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Feb 11Key Executive exercised options and sold US$1.2m worth of stockOn the 7th of February, Gregory Hill exercised options to acquire 8k shares at no cost and sold these for an average price of US$145 per share. This trade did not impact their existing holding. Since March 2023, Gregory's direct individual holding has decreased from 116.35k shares to 82.93k. Company insiders have collectively sold US$25m more than they bought, via options and on-market transactions in the last 12 months.New Risk • Feb 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (72% net debt to equity). Profit margins are more than 30% lower than last year (13% net profit margin).Major Estimate Revision • Feb 01Consensus revenue estimates increase by 12%, EPS downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$12.3b to US$13.8b. EPS estimate fell from US$8.34 to US$7.11. Net income forecast to grow 50% next year vs 0.6% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$166. Share price was steady at US$141 over the past week.Buy Or Sell Opportunity • Feb 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to US$141. The fair value is estimated to be US$178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.공시 • Jan 12Hess Corporation to Report Q4, 2023 Results on Jan 31, 2024Hess Corporation announced that they will report Q4, 2023 results on Jan 31, 2024Seeking Alpha • Dec 29The Hess Merger Is Likely Going Through, Why Buying The Stock Still Makes SenseSummary Guyana likely has the upper hand in the dispute with Venezuela, as it has support from Brazil, Great Britain, and the United States. Venezuela's government is unpopular and broke. This whole situation could be a last gasp attempt to avoid collapse and retain power. The Guyana partnership is proceeding as planned, with the latest FPSO beginning production, and there is potential for further exploration and development in the future. Hess has other assets that could prove to be as valuable or more valuable than the Guyana partnership is currently. As a result, Hess stock is likely a cheap way to invest in Chevron Corporation. Read the full article on Seeking AlphaSeeking Alpha • Dec 08Hess-Chevron: How We Are Playing The Deal With Venezuela Laying Claim To Stabroek BlockSummary The merger between Hess Corporation and Chevron Corporation is being questioned due to geopolitical risk in Guyana. Venezuela is claiming that the Stabroek block in Guyana is in disputed territory, which could threaten Exxon and Chevron's operations in the region. We examine the deal spread and tell you the best way to play it. Read the full article on Seeking Alpha공시 • Dec 07Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on December 29, 2023The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on December 29, 2023 to holders of record at the close of business on December 18, 2023.Reported Earnings • Oct 26Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$1.64 (down from US$1.67 in 3Q 2022). Revenue: US$2.74b (down 10% from 3Q 2022). Net income: US$504.0m (down 2.1% from 3Q 2022). Profit margin: 18% (up from 17% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth.공시 • Oct 26Hess Corporation Updates Production Guidance for the Full Year 2023Hess Corporation updated production guidance for the full year 2023. Net production is now forecast to be approximately 390,000 boepd, which is at the upper end of the previous guidance range of 385,000 boepd to 390,000 boepd.공시 • Oct 24Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire Hess Corporation (NYSE:HES) for approximately $53 billion.Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire Hess Corporation (NYSE:HES) for approximately $53 billion on October 22, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion. In aggregate, upon closing of the transaction, Chevron will issue approximately 317 million shares of common stock. The transaction price represents a premium of 10.3% on a 20-day average based on closing stock prices on October 20, 2023. In addition, John Hess is expected to join Chevron’s Board of Directors. The transaction would be accretive to cash flow per share and extends growth into 2030s. The acquisition is subject to Hess shareholder approval. It is also subject to regulatory approvals and other customary closing conditions. The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close by the end of the first half of 2024. Morgan Stanley & Co. LLC is acting as lead financial advisor to Chevron. Evercore also advised Chevron. Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to Chevron. Goldman Sachs & Co. LLC is acting as lead financial advisor to Hess. J.P. Morgan Securities LLC also advised Hess. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Hess.Seeking Alpha • Oct 23CEO John Hess Sells 90-Year Old Hess Corporation To ChevronSummary Chevron agreed to acquire Hess Corp. in an all-stock transaction worth $53 billion. Including debt, the total enterprise value was $60 billion. The deal includes Hess' valuable assets in Guyana, which will deliver high-quality, low-cost production growth and significant upside to recoverable oil estimates. Hess also has a large leasehold in the Bakken and excellent assets in the Gulf of Mexico and the North Malay Bay in Asia. Some think Chevron overpaid. Some think Hess sold out too cheap. Today, I'll dig into the Hess portfolio and offer my opinion for your consideration. Read the full article on Seeking Alpha공시 • Oct 06Hess Corporation to Report Q3, 2023 Results on Oct 05, 2023Hess Corporation announced that they will report Q3, 2023 results on Oct 05, 2023Seeking Alpha • Sep 25Hess Corporation: Time To Buy The DipSummary Hess Corporation's recent decline in value presents a strong investment opportunity. The company expects significant production growth through 2027, supported by projects in Guyana and shale. Hess Corporation has minimal debt obligations and strong assets, making it poised for strong shareholder returns. Read the full article on Seeking Alpha공시 • Sep 07Hess Corporation Increases Regular Quarterly Dividend on Common Stock, Payable on September 29, 2023The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on September 29, 2023 to holders of record at the close of business on September 18, 2023.Recent Insider Transactions Derivative • Sep 03Senior VP & Chief Exploration Officer notifies of intention to sell stockBarbara Lowery-Yilmaz intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of September. If the sale is conducted around the recent share price of US$155, it would amount to US$3.8m. Since March 2023, Barbara has owned 113.67k shares directly. Company insiders have collectively sold US$54m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Aug 02Key Executive recently sold US$5.1m worth of stockOn the 31st of July, Gregory Hill sold around 33k shares on-market at roughly US$151 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gregory has been a net seller over the last 12 months, reducing personal holdings by US$10.0m.Seeking Alpha • Aug 01Hess Corporation: Accelerated Cash Flow GrowthSummary Hess' latest Guyana platform should have first oil either late in the third quarter or early in the fourth quarter. The Hess interest in this platform should be roughly 60K BOD which is nearly 20% of current production. The acceleration could imply that the partnership sees higher oil prices coming potentially sooner rather than later. Management is guiding to 25% compounded cash flow growth. This implies a tripling of cash flow every 5 years (approximately). Read the full article on Seeking Alpha공시 • Jul 27Hess Corporation Revises Production Guidance for the Full Year 2023Hess Corporation revised production guidance for the full year 2023. for the year, the company expects Net production to be approximately 115,0002 bopd, compared to its previous guidance range of 105,000 bopd to 110,000 bopd.Reported Earnings • Jul 26Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$0.39 (down from US$2.15 in 2Q 2022). Revenue: US$2.32b (down 20% from 2Q 2022). Net income: US$119.0m (down 82% from 2Q 2022). Profit margin: 5.1% (down from 23% in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.4% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jul 24Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$9.75b to US$9.55b. EPS estimate also fell from US$4.71 per share to US$4.14 per share. Net income forecast to shrink 20% next year vs 26% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$157. Share price rose 8.3% to US$146 over the past week.Major Estimate Revision • Jul 18Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$4.90 to US$4.31 per share. Revenue forecast steady at US$9.75b. Net income forecast to shrink 18% next year vs 26% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$158. Share price was steady at US$137 over the past week.Buying Opportunity • Jul 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.6%. The fair value is estimated to be US$170, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.Upcoming Dividend • Jun 07Upcoming dividend of US$0.44 per share at 1.3% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (5.0%).Buying Opportunity • Jun 01Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.7%. The fair value is estimated to be US$158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings is also forecast to grow by 19% per annum over the same time period.공시 • May 18Hess Corporation Declares Regular Quarterly Dividend, Payable on the Common Stock of the Corporation on June 30, 2023The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on June 30, 2023 to holders of record at the close of business on June 15, 2023.공시 • Jan 25Hess Corporation Provides Production Guidance for the Year 2023Hess Corporation provided production guidance for the year 2023. Net production is forecast to average between 355,000 and 365,000 barrels of oil equivalent per day in 2023. Bakken net production is forecast to average between 165,000 and 170,000 barrels of oil equivalent per day and Guyana net production is forecast to average approximately 100,000 barrels of oil per day in 2023.이익 및 매출 성장 예측NYSE:HES - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202715,4304,0203,7918,252512/31/202613,2222,5201,3035,975612/31/202511,4661,6565845,23763/31/202512,2702,2271,1156,116N/A12/31/202412,6622,7696545,600N/A9/30/202412,4712,6409985,632N/A6/30/202412,0802,6465505,108N/A3/31/202411,1852,008-394,189N/A12/31/202310,2951,382-1663,942N/A9/30/202310,2241,4663933,850N/A6/30/202310,5351,4771,0294,203N/A3/31/202311,1802,0251,7224,738N/A12/31/202211,0692,0961,2193,944N/A9/30/202210,4551,8641,1503,591N/A6/30/20229,1221,4646512,867N/A3/31/20227,6927242352,143N/A12/31/20217,3015591,1432,890N/A9/30/20216,3251978652,477N/A6/30/20215,733-1614581,998N/A3/31/20215,092-408-2851,479N/A12/31/20204,543-3,093-8641,333N/A9/30/20204,885-3,218-1,5151,133N/A6/30/20205,293-3,187-1,4911,440N/A3/31/20206,090-2,873-1,1271,849N/A12/31/20196,311-412-1,1871,642N/A9/30/20196,287-206-4312,237N/A6/30/20196,500-47-2822,217N/A3/31/20196,378-183-4011,967N/A12/31/20186,152-328N/A1,939N/A9/30/20186,177-3,001N/A1,401N/A6/30/20185,752-3,583N/A1,066N/A3/31/20185,427-3,901N/A806N/A12/31/20175,347-4,120N/A945N/A9/30/20175,076-6,334N/A928N/A6/30/20174,905-6,050N/A1,172N/A3/31/20174,934-5,994N/A1,204N/A12/31/20164,661-6,173N/A795N/A9/30/20164,738-3,083N/A1,092N/A6/30/20165,230-2,998N/A1,042N/A3/31/20165,942-3,147N/A1,485N/A12/31/20156,490-3,008N/A1,981N/A9/30/20157,543-1,201N/A2,432N/A6/30/20158,510-598N/A3,472N/A3/31/20159,353930N/A3,735N/A12/31/201410,4621,635N/A4,457N/A9/30/201410,5582,569N/A4,933N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: HES 의 연간 예상 수익 증가율(23.6%)이 saving rate(2.9%)보다 높습니다.수익 vs 시장: HES 의 연간 수익(23.6%)이 US 시장(16.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: HES 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: HES 의 수익(연간 8.7%)이 US 시장(연간 11.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: HES 의 수익(연간 8.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: HES의 자본 수익률은 3년 후 23.2%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YEnergy 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/07/17 14:26종가2025/07/17 00:00수익2025/03/31연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Hess Corporation는 30명의 분석가가 다루고 있습니다. 이 중 13명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관William SeleskyArgus Research CompanyYim ChengBarclaysMark GilmanBenchmark Company27명의 분석가 더 보기
Major Estimate Revision • Jul 07Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$11.4b to US$11.2b. EPS estimate rose from US$4.34 to US$5.08. Net income forecast to shrink 19% next year vs 6.5% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$158. Share price rose 3.5% to US$143 over the past week.
Major Estimate Revision • May 24Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$11.5b to US$11.4b. EPS estimate rose from US$3.82 to US$4.49. Net income forecast to shrink 17% next year vs 6.8% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$159. Share price fell 2.6% to US$131 over the past week.
공시 • Apr 30Hess Corporation Provides Production Guidance for the Second Quarter of 2025Hess Corporation provided production guidance for the second quarter of 2025. For the quarter, the company expects E&P net production to be in the range of 480,000 boepd to 490,000 boepd.
Major Estimate Revision • Apr 21Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$12.5b to US$12.2b. EPS estimate also fell from US$7.39 per share to US$6.42 per share. Net income forecast to shrink 27% next year vs 9.3% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$163. Share price was steady at US$126 over the past week.
공시 • Jan 29Hess Corporation Provides Production Guidance for the First Quarter of 2025Hess Corporation provided production guidance for the first quarter of 2025. For the quarter, the company expects net production guidance for Guyana for the first quarter of 2025 includes tax barrels of approximately 20,000 bopd.
공시 • Nov 02Hess Corporation Provides Consolidated Production Guidance for the Fourth Quarter of 2024Hess Corporation provided production guidance for the fourth quarter of 2024. For the quarter, the company's E&P net production is expected to be in the range of 475,000 boepd to 485,000 boepd, primarily reflecting recovery from downtime in the third quarter of 2024 at Guyana and Southeast Asia partially offset by planned maintenance at the Tubular Bells production facility in the fourth quarter of 2024.
공시 • Jul 18+ 1 more updateChevron Corporation (NYSE:CVX) Completed the acquisition of Hess Corporation (NYSE:HES) from The Vanguard Group, Inc., FMR LLC, BlackRock, Inc., State Street Corporation and others.Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire Hess Corporation (NYSE:HES) from The Vanguard Group, Inc., FMR LLC, BlackRock, Inc., State Street Corporation and others for $52.7 billion on October 22, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion. In aggregate, upon closing of the transaction, Chevron will issue approximately 317 million shares of common stock. The transaction price represents a premium of 10.3% on a 20-day average based on closing stock prices on October 20, 2023. In addition, John Hess is expected to join Chevron’s Board of Directors. The transaction would be accretive to cash flow per share and extends growth into 2030s. In case of termination, Hess will pay Chevron a termination fee of approximately $1.715 billion under certain circumstances provided in the merger agreement. The acquisition is subject to Hess shareholder approval. It is also subject to regulatory approvals, the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the effectiveness of the Registration Statement on Form S-4 to be filed by Chevron pursuant to which the shares of Chevron common stock to be issued in connection with the Merger will be registered with the U.S. Securities and Exchange Commission and the authorization for listing on the New York Stock Exchange of the shares of Chevron common stock to be issued in connection with the Merger and other customary closing conditions. The transaction has been unanimously approved by the Boards of Directors of both companies. As on December 7, 2023, HSR Act waiting period is further extended by 30 days after FTC's second review request. As on May 13, 2024, US Senate majority leader Chuck Schumer has demanded that the Federal Trade Commission (FTC) should block the merger. Hess shareholders approved the transaction at special meeting held on May 28, 2024. On September 30, 2024, Hess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. The Federal Trade Commission has ordered that Hess CEO John Hess is barred from joining the Chevron board. The transaction is expected to close by the end of the first half of 2024. As per updated filing, transaction is expected to close in middle of 2024. As of March 17, 2025, Between January and March 2025, Chevron Corporation purchased 15,380,000 shares of Hess Corporation common stock at prevailing market prices in open market transactions. The number of shares purchased represents approximately 4.99% of the shares of Hess common stock outstanding as of January 31, 2025. These purchases, which were made at prices that represent a discount to the price of shares of Hess common stock implied in the exchange ratio set forth in the Merger Agreement entered into between Chevron and Hess on October 22, 2023. These purchases of shares of Hess common stock are in addition to repurchases of Chevron common stock being made for the first quarter ending March 31, 2025. As of July 17, 2025, decision to rescind the orders related to the Chevron/Hess matters has been agreed by Mark R. Meador. Morgan Stanley & Co. LLC is acting as lead financial advisor to Chevron. Evercore also advised Chevron. Kyle Seifried,Stan Richards, Scott Barshay, John Kennedy, Christodoulos Kaoutzanis, Caith Kushner and Manuel Frey, Lawrence Witdorchic, Brian Krause, Claudine Meredith-Goujon, and Peter Fisch of Paul, Weiss, Rifkind, Wharton & Garrison LLP are acting as legal advisors to Chevron. Goldman Sachs & Co. LLC is acting as lead financial advisor and fairness opinion provider to Hess. J.P. Morgan Securities LLC also advised Hess. Martin Lipton, Karessa L. Cain, Zachary S. Podolsky, Nelson O. Fitts, Jeannemarie O'Brien, Emily D. Johnson and T. Eiko Stange of Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Hess. Stuart Rogers of Alston & Bird LLP represented Morgan Stanley & Co. LLC as financial advisor. David A. Higbee, Ben Gris and Jonathan Cheng of Shearman & Sterling LLP is acting as legal advisor to Chevron in the transaction. Morgan Stanley and Paul, Weiss, Rifkind, Wharton & Garrison also provided due diligence services. Computershare, Inc. acted as transfer agent for Hess and Computershare Shareowner Services LLC acted as transfer agent for Chevron. Hess has retained MacKenzie Partners, Inc. to assist in the solicitation of proxies for an estimated fee of approximately $40,000. Hess has agreed to pay Goldman Sachs a transaction fee of $80 million, $4 million of which became payable upon the announcement of the merger, and the remainder of which is contingent upon consummation of the merger. Chevron Corporation (NYSE:CVX) Completed the acquisition of Hess Corporation (NYSE:HES) from The Vanguard Group, Inc., FMR LLC, BlackRock, Inc., State Street Corporation and others on July 18, 2025. Hess continuing as the surviving corporation and a direct, wholly owned subsidiary of Chevron. Hess common stock was suspended from trading on the New York Stock Exchange (the “NYSE”) prior to the open of trading on July 18 , 2025.
공시 • Jul 09Hess Corporation to Report Q2, 2025 Results on Jul 30, 2025Hess Corporation announced that they will report Q2, 2025 results on Jul 30, 2025
Major Estimate Revision • Jul 07Consensus EPS estimates increase by 17%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$11.4b to US$11.2b. EPS estimate rose from US$4.34 to US$5.08. Net income forecast to shrink 19% next year vs 6.5% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$158. Share price rose 3.5% to US$143 over the past week.
Seeking Alpha • Jul 07Hess Corporation: Climax AheadSummary The arbitration decision on Exxon Mobil's right of first refusal is imminent. Retail shareholders are disadvantaged by Hess's limited information disclosure during the prolonged acquisition timeline. Guyana production growth, driven by new FPSOs, is rapidly increasing Hess's value and future earnings potential. Hess management's lack of communication post-merger agreement leaves investors in the dark about key project updates. It would appear that all outcomes are good for investors, even if some outcomes are better than others. Read the full article on Seeking Alpha
공시 • Jun 30+ 3 more updatesHess Corporation(NYSE:HES) dropped from Russell 3000 Growth IndexHess Corporation(NYSE:HES) dropped from Russell 3000 Growth Index
Upcoming Dividend • Jun 09Upcoming dividend of US$0.50 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (4.1%).
Recent Insider Transactions • Jun 08CEO & Director recently sold US$64m worth of stockOn the 6th of June, John Hess sold around 475k shares on-market at roughly US$135 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by US$235m.
Major Estimate Revision • May 24Consensus EPS estimates increase by 18%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$11.5b to US$11.4b. EPS estimate rose from US$3.82 to US$4.49. Net income forecast to shrink 17% next year vs 6.8% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$159. Share price fell 2.6% to US$131 over the past week.
Declared Dividend • May 18First quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 16th June 2025 Payment date: 30th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 15Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on June 30, 2025The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on June 30, 2025 to holders of record at the close of business on June 16, 2025.
Reported Earnings • May 01First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: US$1.39 (down from US$3.17 in 1Q 2024). Revenue: US$2.86b (down 12% from 1Q 2024). Net income: US$430.0m (down 56% from 1Q 2024). Profit margin: 15% (down from 30% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
공시 • Apr 30Hess Corporation Provides Production Guidance for the Second Quarter of 2025Hess Corporation provided production guidance for the second quarter of 2025. For the quarter, the company expects E&P net production to be in the range of 480,000 boepd to 490,000 boepd.
Major Estimate Revision • Apr 21Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$12.5b to US$12.2b. EPS estimate also fell from US$7.39 per share to US$6.42 per share. Net income forecast to shrink 27% next year vs 9.3% growth forecast for Oil and Gas industry in the US . Consensus price target broadly unchanged at US$163. Share price was steady at US$126 over the past week.
공시 • Apr 10Hess Corporation to Report Q1, 2025 Results on Apr 30, 2025Hess Corporation announced that they will report Q1, 2025 results on Apr 30, 2025
공시 • Apr 07Hess Corporation, Annual General Meeting, May 14, 2025Hess Corporation, Annual General Meeting, May 14, 2025.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$134, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 9x in the Oil and Gas industry in the US. Total returns to shareholders of 23% over the past three years.
Recent Insider Transactions • Mar 31CEO & Director recently sold US$56m worth of stockOn the 28th of March, John Hess sold around 350k shares on-market at roughly US$159 per share. This transaction amounted to 2.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by US$171m.
Recent Insider Transactions Derivative • Mar 21Key Executive notifies of intention to sell stockGregory Hill intends to sell 58k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of March. If the sale is conducted around the recent share price of US$156, it would amount to US$9.0m. Since March 2024, Gregory's direct individual holding has increased from 125.67k shares to 142.59k. Company insiders have collectively sold US$148m more than they bought, via options and on-market transactions in the last 12 months.
Declared Dividend • Mar 09Fourth quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 17th March 2025 Payment date: 31st March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but not adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Mar 06Hess Announces Regular Quarterly Dividend on Common Stock, Payable on March 31, 2025The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on March 31, 2025 to holders of record at the close of business on March 17, 2025.
Reported Earnings • Mar 03Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$9.03 (up from US$4.52 in FY 2023). Revenue: US$12.7b (up 23% from FY 2023). Net income: US$2.77b (up 100% from FY 2023). Profit margin: 22% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
Board Change • Mar 02Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 9 highly experienced directors. Independent Director Lisa Glatch was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions Derivative • Feb 09CEO & Director exercised options and sold US$7.1m worth of stockOn the 5th of February, John Hess exercised options to acquire 50k shares at no cost and sold these for an average price of US$143 per share. This trade did not impact their existing holding. For the year to December 2018, John's total compensation was 9% salary and 91% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, John's direct individual holding has decreased from 21.65m shares to 15.56m. Company insiders have collectively sold US$184m more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Jan 30Hess Corporation: Advantage To Exxon MobilSummary Hess Corporation's profits are driven by Guyana operations. Exxon Mobil's position strengthens as arbitration continues. The value of Hess keeps increasing with rising Guyana production and the slow arbitration process. Hess's North American operations are unprofitable. The fast-growing production from Guyana is crucial, with another FPSO expected to boost production when it begins production towards the end of the fiscal year. It is time for Hess to resume conference calls and update company presentations to keep shareholders informed. Read the full article on Seeking Alpha
Reported Earnings • Jan 29Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$9.02 (up from US$4.52 in FY 2023). Revenue: US$13.0b (up 26% from FY 2023). Net income: US$2.77b (up 100% from FY 2023). Profit margin: 21% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공시 • Jan 29Hess Corporation Provides Production Guidance for the First Quarter of 2025Hess Corporation provided production guidance for the first quarter of 2025. For the quarter, the company expects net production guidance for Guyana for the first quarter of 2025 includes tax barrels of approximately 20,000 bopd.
공시 • Jan 07Hess Corporation to Report Q4, 2024 Results on Jan 29, 2025Hess Corporation announced that they will report Q4, 2024 results on Jan 29, 2025
Declared Dividend • Dec 08Third quarter dividend of US$0.50 announcedShareholders will receive a dividend of US$0.50. Ex-date: 16th December 2024 Payment date: 31st December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by both earnings (21% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 57% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Dec 05Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on December 31, 2024The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on December 31, 2024 to holders of record at the close of business on December 16, 2024.
Recent Insider Transactions • Nov 25CEO & Director recently sold US$51m worth of stockOn the 22nd of November, John Hess sold around 343k shares on-market at roughly US$148 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$65m. John has been a net seller over the last 12 months, reducing personal holdings by US$135m.
Seeking Alpha • Nov 21Hess Corporation: All Avenues Lead To GuyanaSummary Net income advances strongly with each new FPSO that begins production. The dividend was increased to $.50 per share. The Chevron merger is pending arbitration, with risks tied to commodity prices and Exxon Mobil's arbitration outcome. All of Hess' profit is in international, where the Guyana production is. The next FPSO will set sail for Guyana in the first quarter of 2025. Read the full article on Seeking Alpha
Recent Insider Transactions • Nov 08Key Executive recently sold US$8.7m worth of stockOn the 5th of November, Gregory Hill sold around 63k shares on-market at roughly US$139 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gregory has been a net seller over the last 12 months, reducing personal holdings by US$12m.
Recent Insider Transactions Derivative • Nov 07Key Executive notifies of intention to sell stockGregory Hill intends to sell 63k shares in the next 90 days after lodging an Intent To Sell Form on the 5th of November. If the sale is conducted around the recent share price of US$139, it would amount to US$8.7m. Since March 2024, Gregory has owned 125.67k shares directly. Company insiders have collectively sold US$42m more than they bought, via options and on-market transactions in the last 12 months.
공시 • Nov 02Hess Corporation Provides Consolidated Production Guidance for the Fourth Quarter of 2024Hess Corporation provided production guidance for the fourth quarter of 2024. For the quarter, the company's E&P net production is expected to be in the range of 475,000 boepd to 485,000 boepd, primarily reflecting recovery from downtime in the third quarter of 2024 at Guyana and Southeast Asia partially offset by planned maintenance at the Tubular Bells production facility in the fourth quarter of 2024.
Reported Earnings • Nov 01Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2024 results: EPS: US$1.62 (down from US$1.65 in 3Q 2023). Revenue: US$3.13b (up 14% from 3Q 2023). Net income: US$498.0m (down 1.2% from 3Q 2023). Profit margin: 16% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) missed analyst estimates by 9.7%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Seeking Alpha • Oct 07Hess Corporation: Time Value Clock Is Ticking While Management Remains SilentSummary Hess Corporation's merger with Chevron faces delays due to Exxon Mobil's first refusal rights. Another FPSO coming online in Guyana by 2025 could significantly boost cash flow, enhancing the time value of money for Hess. Exxon Mobil's arbitration case may extend until the second half of 2025. The Uaru project gains importance as the new FPSO's production capability accelerates cash flow realization. Every FPSO that produces is a material addition to the company's cash flow. That cash flow figures into the acquisition value of the company. Read the full article on Seeking Alpha
공시 • Oct 03Hess Corporation to Report Q3, 2024 Results on Oct 30, 2024Hess Corporation announced that they will report Q3, 2024 results on Oct 30, 2024
공시 • Oct 01Hess Corporation Announces HSR Clearance Of Chevron-Hess MergerHess Corporation announced that the Federal Trade Commission (FTC) antitrust review of the Chevron-Hess merger has been completed, satisfying one of the closing conditions for the transaction. To facilitate completion of the merger, Hess and Chevron have agreed that Mr. Hess will not be appointed to the Chevron Board of Directors in order to address a concern raised by the FTC about Mr. Hess’ communications with a limited number of OPEC officials. However, Mr. Hess will serve as an advisor and representative for Chevron on government relations and social investments in Guyana as well as on support for the Salk Institute’s Harnessing Plants Initiative. The Hess Board of Directors believes that the competitive concern raised by the FTC about Mr. Hess’ communications is without merit, and fully supports Mr. Hess in his role as CEO of Hess Corporation. Mr. Hess’ public and private communications with OPEC officials were consistent with his communications with U.S. government officials, the International Energy Agency and global business leaders on what will be needed to ensure an affordable and orderly energy transition. Completion of the merger remains subject to the Merger Agreement's closing conditions, including the satisfactory resolution of ongoing arbitration proceedings regarding preemptive rights in the Stabroek Block joint operating agreement.
Declared Dividend • Sep 08Second quarter dividend increased to US$0.50Dividend of US$0.50 is 14% higher than last year. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Sep 05Hess Corporation Increases Regular Quarterly Dividend on Common Stock, Payable on September 30, 2024The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50 cents per share payable on the Common Stock of the Corporation on September 30, 2024 to holders of record at the close of business on September 16, 2024. The dividend represents an approximate 14% increase compared to the dividend for the second quarter of 2024, which equals a 25 cent increase per share on an annualized basis.
Seeking Alpha • Aug 01Hess Corporation: Manifesting The Time Value Of MoneySummary Arbitration hearing for a dispute over Hess Corporation's interest in Guyana delayed to May 2025. Earnings benefit from stronger commodity prices and increased production from the new FPSO. Delay in merger raises Hess Corporation's value as Guyana production and profits climb. The approval of the merger has tied the Hess stock performance to the Chevron stock price performance, despite Hess business growth being faster. The United States business needs to be improved to run at a profit. Read the full article on Seeking Alpha
Reported Earnings • Aug 01Second quarter 2024 earnings: Revenues and EPS in line with analyst expectationsSecond quarter 2024 results: EPS: US$2.47 (up from US$0.39 in 2Q 2023). Revenue: US$3.26b (up 45% from 2Q 2023). Net income: US$757.0m (up US$638.0m from 2Q 2023). Profit margin: 23% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
공시 • Jul 31Hess Corporation Provides Production Guidance for the Third Quarter of 2024Hess Corporation provided production guidance for the third quarter of 2024. For the quarter, the company expects E&P net production to be in the range of 460,000 boepd to 470,000 boepd, primarily reflecting planned downtime in Guyana and Southeast Asia.
공시 • Jul 04Hess Corporation to Report Q2, 2024 Results on Jul 31, 2024Hess Corporation announced that they will report Q2, 2024 results on Jul 31, 2024
Seeking Alpha • Jun 24Hess Chevron Merger - Detailed Insight Into The ICC Arbitration Process And Its ImpactSummary The ICC Arbitration process is a very complex and uncertain process. If Exxon wins the ICC arbitration, the Hess and Chevron merger deal could be terminated. Hess stock is currently selling at a 9.6% discount to the value of Chevron shares received under the merger. Read the full article on Seeking Alpha
Upcoming Dividend • Jun 07Upcoming dividend of US$0.44 per shareEligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (4.1%).
Seeking Alpha • May 25Hess Corporation: An Attractive Risk/Reward Prospect On Merger Drama (Rating Upgrade)Summary Chevron's acquisition of Hess Corporation is facing uncertainty as shareholders plan to abstain from voting on the deal. Regulatory approval and an ongoing arbitration with Exxon Mobil are potential obstacles to the completion of the transaction. Shareholders are divided on the merger, with one advisory firm recommending in favor and another recommending abstention. In all, the company seems to be a favorable risk/reward opportunity at this point in time. Read the full article on Seeking Alpha
Declared Dividend • May 19First quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • May 16Hess Corporation Declares Regular Quarterly Dividend, Payable on June 28, 2024The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on June 28, 2024 to holders of record at the close of business on June 14, 2024.
Seeking Alpha • May 16Hess Corporation: What Has ChangedSummary The proposed acquisition of Hess Corporation by Chevron will take longer than expected, potentially impacting the deal. Hess is a rapidly growing company, with production up 27% in the first quarter, making it an attractive investment. The value of Hess is located primarily in the Guyana Partnership. There is an expected FPSO every single year for the foreseeable future. Cash flow took a giant leap in the current quarter and is expected to take another giant leap every time a new FPSO begins production. Read the full article on Seeking Alpha
Major Estimate Revision • May 02Consensus EPS estimates increase by 15%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$13.0b to US$13.4b. EPS estimate increased from US$8.22 to US$9.44 per share. Net income forecast to grow 49% next year vs 4.3% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$174. Share price was steady at US$159 over the past week.
Reported Earnings • Apr 25First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$3.18 (up from US$1.13 in 1Q 2023). Revenue: US$3.34b (up 41% from 1Q 2023). Net income: US$972.0m (up 181% from 1Q 2023). Profit margin: 29% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 90%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Seeking Alpha • Apr 14Hess Corporation And An Acquisition That Might Not CloseSummary Hess Corporation's share price is approaching its late-2023 highs and has a market capitalization of almost $50 billion. The proposed acquisition deal with Chevron is facing a roadblock due to Exxon Mobil's claim of right of first refusal for any sale of Hess Corporation's stake in Guyana. Despite the risk posed by Exxon Mobil, Hess Corporation remains a valuable investment with its strong assets and financial performance. Read the full article on Seeking Alpha
공시 • Apr 06Hess Corporation, Annual General Meeting, May 15, 2024Hess Corporation, Annual General Meeting, May 15, 2024, at 09:00 Central Standard Time. Agenda: To elect twelve directors; to conduct a non-binding advisory vote to approve the compensation of named executive officers; to act upon the ratification of the selection by the audit committee of Ernst & Young LLP as independent registered public accountants; and to consider other business issues.
공시 • Apr 05Hess Corporation to Report Q1, 2024 Results on Apr 25, 2024Hess Corporation announced that they will report Q1, 2024 results on Apr 25, 2024
Recent Insider Transactions • Mar 22Insider recently sold US$1.1m worth of stockOn the 20th of March, Geurt Schoonman sold around 7k shares on-market at roughly US$151 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$20m. Insiders have been net sellers, collectively disposing of US$34m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Mar 21Insider notifies of intention to sell stockAndrew Slentz intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of March. If the sale is conducted around the recent share price of US$150, it would amount to US$3.0m. Since September 2023, Andrew's direct individual holding has increased from 34.27k shares to 50.22k. Company insiders have collectively sold US$50m more than they bought, via options and on-market transactions in the last 12 months.
공시 • Mar 19Exxon Mobil Chief Executive Officer Says Not Trying to Acquire HessExxon Mobil Corporation (NYSE:XOM) Chief Executive Officer Darren Woods on March 18, 2024 said his company is trying to secure preemption rights over Hess Corporation (NYSE:HES) Guyana assets in its dispute with Chevron Corporation (NYSE:CVX), not buy the company itself. In his first public remarks on the company's pursuit of an arbitration case that could block Chevron's $53 billion deal for Hess, Woods said Exxon would not have waited for Chevron to announce its Hess deal if it had wanted to buy Hess. "We're basically standing up for what we believe is a fundamental right," Woods told Reuters. Exxon is trying to "secure and confirm the rights in that contract gives the existing partners." Exxon wants to "evaluate that value and do what is in the best interest of Exxon Mobil shareholders, given the investments that we've made and all the work we've done to make that successful." Hess and Chevron have said they disagree with Exxon's interpretation of the joint operating agreement that governs the Exxon, Hess and CNOOC Limited (SEHK:883), consortium responsible for all of Guyana's oil production. Chevron's acquisition of Hess has been stalled by the U.S. Federal Trade Commission's request for additional information on the merger. That request pushed back any closing to at least the middle of this year.
Declared Dividend • Mar 10Fourth quarter dividend of US$0.44 announcedDividend of US$0.44 is the same as last year. Ex-date: 15th March 2024 Payment date: 28th March 2024 Dividend yield will be 1.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Recent Insider Transactions • Mar 03CEO & Director recently sold US$20m worth of stockOn the 29th of February, John Hess sold around 136k shares on-market at roughly US$146 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was John's only on-market trade for the last 12 months.
Major Estimate Revision • Feb 14Consensus EPS estimates fall by 11%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$13.8b to US$12.6b. EPS estimate also fell from US$8.12 per share to US$7.20 per share. Net income forecast to grow 66% next year vs 2.0% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$165. Share price was steady at US$143 over the past week.
Seeking Alpha • Feb 13Hess: Why No Acquisition Premium Is Already A PremiumSummary Chevron's agreement to acquire Hess has raised questions about the lack of a premium in the merger. Hess' stock price remained stagnant until cash flow began to arrive from the Guyana partnership. The market now recognizes the value of Hess' stock due to its growth story and increasing cash flow from new platforms in Guyana. The market emphasis on the arrival of cash flow marks a change in reaction to major discoveries. Brazil remains a big fan of Guyana and has troops at the border with Venezuela. That should keep the "saber rattling" to just "saber rattling". Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Feb 11Key Executive exercised options and sold US$1.2m worth of stockOn the 7th of February, Gregory Hill exercised options to acquire 8k shares at no cost and sold these for an average price of US$145 per share. This trade did not impact their existing holding. Since March 2023, Gregory's direct individual holding has decreased from 116.35k shares to 82.93k. Company insiders have collectively sold US$25m more than they bought, via options and on-market transactions in the last 12 months.
New Risk • Feb 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks High level of debt (72% net debt to equity). Profit margins are more than 30% lower than last year (13% net profit margin).
Major Estimate Revision • Feb 01Consensus revenue estimates increase by 12%, EPS downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$12.3b to US$13.8b. EPS estimate fell from US$8.34 to US$7.11. Net income forecast to grow 50% next year vs 0.6% growth forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$166. Share price was steady at US$141 over the past week.
Buy Or Sell Opportunity • Feb 01Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.9% to US$141. The fair value is estimated to be US$178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.3% per annum. Earnings are also forecast to grow by 19% per annum over the same time period.
공시 • Jan 12Hess Corporation to Report Q4, 2023 Results on Jan 31, 2024Hess Corporation announced that they will report Q4, 2023 results on Jan 31, 2024
Seeking Alpha • Dec 29The Hess Merger Is Likely Going Through, Why Buying The Stock Still Makes SenseSummary Guyana likely has the upper hand in the dispute with Venezuela, as it has support from Brazil, Great Britain, and the United States. Venezuela's government is unpopular and broke. This whole situation could be a last gasp attempt to avoid collapse and retain power. The Guyana partnership is proceeding as planned, with the latest FPSO beginning production, and there is potential for further exploration and development in the future. Hess has other assets that could prove to be as valuable or more valuable than the Guyana partnership is currently. As a result, Hess stock is likely a cheap way to invest in Chevron Corporation. Read the full article on Seeking Alpha
Seeking Alpha • Dec 08Hess-Chevron: How We Are Playing The Deal With Venezuela Laying Claim To Stabroek BlockSummary The merger between Hess Corporation and Chevron Corporation is being questioned due to geopolitical risk in Guyana. Venezuela is claiming that the Stabroek block in Guyana is in disputed territory, which could threaten Exxon and Chevron's operations in the region. We examine the deal spread and tell you the best way to play it. Read the full article on Seeking Alpha
공시 • Dec 07Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on December 29, 2023The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on December 29, 2023 to holders of record at the close of business on December 18, 2023.
Reported Earnings • Oct 26Third quarter 2023 earnings: EPS and revenues exceed analyst expectationsThird quarter 2023 results: EPS: US$1.64 (down from US$1.67 in 3Q 2022). Revenue: US$2.74b (down 10% from 3Q 2022). Net income: US$504.0m (down 2.1% from 3Q 2022). Profit margin: 18% (up from 17% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth.
공시 • Oct 26Hess Corporation Updates Production Guidance for the Full Year 2023Hess Corporation updated production guidance for the full year 2023. Net production is now forecast to be approximately 390,000 boepd, which is at the upper end of the previous guidance range of 385,000 boepd to 390,000 boepd.
공시 • Oct 24Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire Hess Corporation (NYSE:HES) for approximately $53 billion.Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire Hess Corporation (NYSE:HES) for approximately $53 billion on October 22, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is $60 billion. In aggregate, upon closing of the transaction, Chevron will issue approximately 317 million shares of common stock. The transaction price represents a premium of 10.3% on a 20-day average based on closing stock prices on October 20, 2023. In addition, John Hess is expected to join Chevron’s Board of Directors. The transaction would be accretive to cash flow per share and extends growth into 2030s. The acquisition is subject to Hess shareholder approval. It is also subject to regulatory approvals and other customary closing conditions. The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close by the end of the first half of 2024. Morgan Stanley & Co. LLC is acting as lead financial advisor to Chevron. Evercore also advised Chevron. Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to Chevron. Goldman Sachs & Co. LLC is acting as lead financial advisor to Hess. J.P. Morgan Securities LLC also advised Hess. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Hess.
Seeking Alpha • Oct 23CEO John Hess Sells 90-Year Old Hess Corporation To ChevronSummary Chevron agreed to acquire Hess Corp. in an all-stock transaction worth $53 billion. Including debt, the total enterprise value was $60 billion. The deal includes Hess' valuable assets in Guyana, which will deliver high-quality, low-cost production growth and significant upside to recoverable oil estimates. Hess also has a large leasehold in the Bakken and excellent assets in the Gulf of Mexico and the North Malay Bay in Asia. Some think Chevron overpaid. Some think Hess sold out too cheap. Today, I'll dig into the Hess portfolio and offer my opinion for your consideration. Read the full article on Seeking Alpha
공시 • Oct 06Hess Corporation to Report Q3, 2023 Results on Oct 05, 2023Hess Corporation announced that they will report Q3, 2023 results on Oct 05, 2023
Seeking Alpha • Sep 25Hess Corporation: Time To Buy The DipSummary Hess Corporation's recent decline in value presents a strong investment opportunity. The company expects significant production growth through 2027, supported by projects in Guyana and shale. Hess Corporation has minimal debt obligations and strong assets, making it poised for strong shareholder returns. Read the full article on Seeking Alpha
공시 • Sep 07Hess Corporation Increases Regular Quarterly Dividend on Common Stock, Payable on September 29, 2023The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on September 29, 2023 to holders of record at the close of business on September 18, 2023.
Recent Insider Transactions Derivative • Sep 03Senior VP & Chief Exploration Officer notifies of intention to sell stockBarbara Lowery-Yilmaz intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of September. If the sale is conducted around the recent share price of US$155, it would amount to US$3.8m. Since March 2023, Barbara has owned 113.67k shares directly. Company insiders have collectively sold US$54m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Aug 02Key Executive recently sold US$5.1m worth of stockOn the 31st of July, Gregory Hill sold around 33k shares on-market at roughly US$151 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Gregory has been a net seller over the last 12 months, reducing personal holdings by US$10.0m.
Seeking Alpha • Aug 01Hess Corporation: Accelerated Cash Flow GrowthSummary Hess' latest Guyana platform should have first oil either late in the third quarter or early in the fourth quarter. The Hess interest in this platform should be roughly 60K BOD which is nearly 20% of current production. The acceleration could imply that the partnership sees higher oil prices coming potentially sooner rather than later. Management is guiding to 25% compounded cash flow growth. This implies a tripling of cash flow every 5 years (approximately). Read the full article on Seeking Alpha
공시 • Jul 27Hess Corporation Revises Production Guidance for the Full Year 2023Hess Corporation revised production guidance for the full year 2023. for the year, the company expects Net production to be approximately 115,0002 bopd, compared to its previous guidance range of 105,000 bopd to 110,000 bopd.
Reported Earnings • Jul 26Second quarter 2023 earnings: EPS misses analyst expectationsSecond quarter 2023 results: EPS: US$0.39 (down from US$2.15 in 2Q 2022). Revenue: US$2.32b (down 20% from 2Q 2022). Net income: US$119.0m (down 82% from 2Q 2022). Profit margin: 5.1% (down from 23% in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.4% decline forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jul 24Consensus EPS estimates fall by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$9.75b to US$9.55b. EPS estimate also fell from US$4.71 per share to US$4.14 per share. Net income forecast to shrink 20% next year vs 26% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$157. Share price rose 8.3% to US$146 over the past week.
Major Estimate Revision • Jul 18Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$4.90 to US$4.31 per share. Revenue forecast steady at US$9.75b. Net income forecast to shrink 18% next year vs 26% decline forecast for Oil and Gas industry in the US. Consensus price target broadly unchanged at US$158. Share price was steady at US$137 over the past week.
Buying Opportunity • Jul 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.6%. The fair value is estimated to be US$170, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 17% per annum over the same time period.
Upcoming Dividend • Jun 07Upcoming dividend of US$0.44 per share at 1.3% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (5.1%). Lower than average of industry peers (5.0%).
Buying Opportunity • Jun 01Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 9.7%. The fair value is estimated to be US$158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings is also forecast to grow by 19% per annum over the same time period.
공시 • May 18Hess Corporation Declares Regular Quarterly Dividend, Payable on the Common Stock of the Corporation on June 30, 2023The Board of Directors of Hess Corporation declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on June 30, 2023 to holders of record at the close of business on June 15, 2023.
공시 • Jan 25Hess Corporation Provides Production Guidance for the Year 2023Hess Corporation provided production guidance for the year 2023. Net production is forecast to average between 355,000 and 365,000 barrels of oil equivalent per day in 2023. Bakken net production is forecast to average between 165,000 and 170,000 barrels of oil equivalent per day and Guyana net production is forecast to average approximately 100,000 barrels of oil per day in 2023.