Hess posts bigger-than-expected quarterly loss on lower gas prices [Reuters]
Hess Corporation (HES)
Last hess corporation earnings: 1/29 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
hess.com/investors
Company Research
Source: Reuters
Hess posts bigger-than-expected quarterly loss on lower gas prices (Reuters) - U.S. oil and gas producer Hess Corp ( HES.N ) on Wednesday reported a bigger-than-expected quarterly loss, as lower prices for its natural gas and natural gas liquids more than offset higher production at its Bakken shale assets in North Dakota. The company said average selling prices for natural gas fell 27.8% in the fourth quarter, while natural gas liquids prices fell 34.5%. A long and steady increase in U.S. gas production – much of it a byproduct of the shale oil boom – has pushed prices for the fuel toward a near two-decade low. The New York-based company said production from Bakken rose 38% to 174,000 barrels of oil equivalent per day (boe/d) pushing total production, excluding Libya, up 18.4% to 316,000 boe/d. The company said on Tuesday it would spend 11% more in 2020 as it bets on its Bakken shale play and offshore Guyana, where it is part of a consortium led by oil major Exxon Mobil Corp ( XOM
Show less
Read more
Impact Snapshot
Event Time:
HES
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HES alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HES alerts
High impacting Hess Corporation news events
Weekly update
A roundup of the hottest topics
HES
News
- Exxon Mobil pulls out of talks with Guyana over shallow water oil block, gov says [Yahoo! Finance]Yahoo! Finance
- Hess to Participate in Wolfe Research Oil & Gas Conference [Yahoo! Finance]Yahoo! Finance
- Hess to Participate in Wolfe Research Oil & Gas ConferenceBusiness Wire
- Hess Co. (NYSE: HES) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Calumet Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
HES
Earnings
- 10/30/24 - Beat
HES
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- 11/20/24 - Form 4
- HES's page on the SEC website