Hess Corporation today reported net income of $119 million, or $0.39 per share, in the second quarter of 2023, compared with net income of $667 million, or $2.15 per share, in the second quarter of 2022. On an adjusted basis, the Corporation reported net income of $201 million or $0.65 per share in the second quarter of 2023. The decrease in adjusted after-tax results compared with the prior-year quarter reflects lower [...]
Hess Corp. today announced publication of its annual sustainability report, which provides a comprehensive review of the company's strategy and performance on environmental, social and governance programs and initiatives. Hess Corp.'s 2022 Sustainability Report is available on the company's website at www.hess.com/sustainability/sustainability-reports. "In keeping with our company's purpose to be the world's most trusted [...]
Hess Corp. announced today that it will hold a conference call on Wednesday, July 26, 2023 at 10 a.m. Eastern Time to discuss its second quarter 2023 earnings release. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast . Hess Corp. is a leading global independent [...]
Hess Corp. announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan 2023 Energy, Power & Renewables Conference Thursday, June 22 at 8:00 a.m. Eastern Time. A live audio webcast and a replay of the discussion will be accessible via Hess Corp.'s website. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and [...]
The Board of Directors of Hess Corp. today 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. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corp. is available at [...]
Hess Corp. today announced it has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals. Uaru will have a production capacity of approximately 250,000 gross barrels of oil per day with production targeted to startup in 2026. The $12.7 billion Uaru development will target an estimated resource base of more than 800 million [...]
Hess Corp. today reported net income of $346 million, or $1.13 per share, in the first quarter of 2023, compared with net income of $417 million, or $1.34 per share, in the first quarter of 2022. On an adjusted basis, the Corporation reported net income of $404 million, or $1.30 per share in the first quarter of 2022. The decrease in after-tax results compared with the prior-year quarter reflects lower realized selling [...]
Hess Corp. announced today that it will hold a conference call on Wednesday, April 26, 2023 at 10 a.m. Eastern Time to discuss its first quarter 2023 earnings release. To phone into the conference call, participants should register in advance using this link to receive a unique PIN and dial-in number. This conference call and subsequent replay will also be accessible by webcast . Hess Corp. is a leading global independent [...]
Hess Corp. today announced that it will donate $50 million over the next five years to the Salk Institute's Harnessing Plants Initiative , which aims to combat climate change by developing plants' natural ability to capture and store potentially billions of tons of carbon per year from the atmosphere. These funds will support HPI's work including faculty recruitment as well as laboratory and research operations and also [...]
Hess Corp. announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the 51st Annual Scotia Howard Weil Energy Conference on March 8, 2023 at 11:30 a.m. Eastern Time. A live webcast and a replay of the presentation will be accessible via Hess Corp.'s website. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and natural [...]
The Board of Directors of Hess Corp. today declared a regular quarterly dividend of 43.75 cents per share payable on the Common Stock of the Corporation on March 30, 2023 to holders of record at the close of business on March 13, 2023. The dividend represents an approximate 17% increase compared to the dividend for the fourth quarter of 2022, which equals a 25 cent increase per share on an annualized basis. [...]
Hess Corp. has once again received a AAA rating in the latest MSCI environmental, social and governance rating assessment. AAA, which is MSCI ESG's highest rating, designates Hess as a leader in managing industry specific ESG risks relative to peers. Hess is one of only two U.S. oil and gas companies that currently hold a AAA rating from MSCI ESG. Hess received its first AAA rating in 2021, after earning AA ratings from [...]