Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. As of December 31, 2021, it had total proved reserves of 1,309 million barrels of oil equivalent. The company was incorporated in 1920 and is headquartered in New York, New York.
Company profile
Ticker
HES
Exchange
Website
CEO
Mr. John B. Hess
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMERADA HESS CORP
SEC CIK
Corporate docs
Subsidiaries
Hess Asia Holdings Inc. • Hess Bakken Investments II, LLC • Hess Bakken Investments III, LLC • Hess Bakken Investments IV, LLC • Hess Bakken Processing LLC • Hess Baldpate-Penn State LLC • Hess Canada • Hess Canada Exploration Limited • Hess Capital Limited • Hess Capital Services Holdings, LLC ...
IRS number
134921002
HES stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Hess Announces HSR Clearance Of Chevron-Hess Merger
30 Sep 24
SD
Conflict minerals disclosure
24 Sep 24
10-Q
2024 Q2
Quarterly report
8 Aug 24
8-K
Other Events
31 Jul 24
8-K
Hess Reports Estimated Results for the Second Quarter of 2024
31 Jul 24
8-K
Hess Corporation Receives Stockholder Approval for Proposed Merger with Chevron
31 May 24
SD
Conflict minerals disclosure
29 May 24
425
Business combination disclosure
28 May 24
425
Business combination disclosure
21 May 24
8-K
Other Events
21 May 24
Transcripts
HES
Earnings call transcript
2023 Q2
26 Jul 23
HES
Earnings call transcript
2023 Q2
26 Jul 23
HES
Earnings call transcript
2023 Q1
26 Apr 23
HES
Earnings call transcript
2022 Q4
25 Jan 23
HES
Earnings call transcript
2022 Q3
26 Oct 22
HES
Earnings call transcript
2022 Q2
27 Jul 22
HES
Earnings call transcript
2022 Q1
27 Apr 22
HES
Earnings call transcript
2021 Q4
26 Jan 22
HES
Earnings call transcript
2021 Q4
26 Jan 22
HES
Earnings call transcript
2021 Q3
27 Oct 21
Latest ownership filings
SC 13G/A
BlackRock, Inc.
24 Oct 24
4
Hess Midstream LP
11 Sep 24
4
Andrew P Slentz
12 Aug 24
4
Hess Midstream LP
26 Jun 24
11-K
Annual report of employee stock purchases
4 Jun 24
SC 13G/A
FMR LLC
10 Apr 24
4
Geurt G Schoonman
21 Mar 24
4
Andrew P Slentz
21 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
144
Notice of proposed sale of securities
19 Mar 24
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.03 bn | 2.03 bn | 2.03 bn | 2.03 bn | 2.03 bn | 2.03 bn |
Cash burn (monthly) | (no burn) | 16.75 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 66.78 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 1.96 bn | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 116.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
79.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 788 |
Opened positions | 95 |
Closed positions | 98 |
Increased positions | 290 |
Reduced positions | 252 |
13F shares | Current |
---|---|
Total value | 34.76 tn |
Total shares | 245.41 mm |
Total puts | 9.48 mm |
Total calls | 2.07 mm |
Total put/call ratio | 4.6 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 33.81 mm | $4.99 tn |
BLK BlackRock | 25.16 mm | $3.71 tn |
STT State Street | 17.87 mm | $2.64 tn |
Adage Capital Partners GP, L.L.C. | 8.64 mm | $1.27 tn |
Primecap Management | 8.10 mm | $1.19 tn |
Citadel Advisors | 7.35 mm | $1.08 tn |
FMR | 6.67 mm | $984.30 bn |
Geode Capital Management | 6.46 mm | $950.87 bn |
HBK Investments L P | 6.10 mm | $899.89 bn |
Pentwater Capital Management | 4.38 mm | $646.14 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
11 Sep 24 | Hess | Class B Shares | Other | Dispose J | Yes | No | 0 | 1,761,480 | 0.00 | 44,591,539 |
11 Sep 24 | Hess | Opco Class B Units Class A Shares | Sale back to company | Dispose D | Yes | No | 35.42 | 1,061,782 | 37.61 mm | 81,985,687 |
9 Aug 24 | Slentz Andrew P | Common Stock, $1.00 par value | Gift | Dispose G | No | No | 0 | 811 | 0.00 | 42,977 |
26 Jun 24 | Hess | Class B Shares | Other | Dispose J | Yes | No | 0 | 1,699,581 | 0.00 | 46,353,019 |
26 Jun 24 | Hess | Opco Class B Units Class A Shares | Sale back to company | Dispose D | Yes | No | 36.71 | 1,024,471 | 37.61 mm | 83,047,469 |
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Sell | Dispose S | No | No | 151.28 | 7,400 | 1.12 mm | 33,581 |
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Sell | Dispose S | No | No | 150.85 | 3,037 | 458.13 k | 40,981 |
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Option exercise | Acquire M | No | No | 101.17 | 3,037 | 307.25 k | 44,018 |
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Sell | Dispose S | No | No | 150.84 | 3,484 | 525.53 k | 40,981 |
20 Mar 24 | Schoonman Geurt G | Common Stock, $1.00 par value | Option exercise | Acquire M | No | No | 75.04 | 3,484 | 261.44 k | 44,465 |
News
Why Warren Buffett Loves Occidental Stock And What It Means For Chevron
18 Oct 24
Cracking The Code: Understanding Analyst Reviews For Hess
18 Oct 24
Susquehanna Maintains Neutral on Hess, Raises Price Target to $154
18 Oct 24
3 Midstream Stocks Poised to Benefit as Geopolitical Tensions Rise
11 Oct 24
Scotiabank Maintains Sector Perform on Hess, Raises Price Target to $167
10 Oct 24