UPDATE 3-Hess posts smaller-than-expected loss, raises production forecast [Reuters]
Hess Corporation (HES)
Last hess corporation earnings: 1/29 07:30 am
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Source: Reuters
Hess posts smaller-than-expected loss, raises production forecast (Reuters) - Hess Corp ( HES.N The company also cut its full-year spending plans by $100 million to $2.8 billion against the backdrop of increased investor pressure to boost shareholder returns. Hess’ shares rose 6.3%, the second-biggest percentage gainer on the S&P 500 Energy Index .SPNY. Oil output in the United States has soared in recent years, powered by the shale revolution, which has made it the world’s largest oil producer, ahead of Saudi Arabia and Russia. Investors are also betting on Hess’ investment in offshore Guyana, where it is working with oil major Exxon Mobil Corp ( XOM.N Hess raised the lower end of its 2019 production forecast by 5,000 barrels of oil equivalent per day (boepd) to 275,000 boepd, while leaving the top end unchanged at 280,000 boepd. The company said it expects net production to average between 270,000 and 280,000 boepd, excluding Libya, in the third quarter. Hess expects a ramp up in ou
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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