Hess Corporation (HES)

US — Energy Sector
Peers: EOG  APA  RRC  FANG  MUR 

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Key Metrics & Ratings

  • symbol HES
  • Rev/Share 40.4148
  • Book/Share 40.1329
  • PB 3.9903
  • Debt/Equity 0.8244
  • CurrentRatio 1.0793
  • ROIC 0.1354

 

  • MktCap 46072102062.0
  • FreeCF/Share 3.6131
  • PFCF 41.3203
  • PE 20.6431
  • Debt/Assets 0.35
  • DivYield 0.0134
  • ROE 0.2022

 

  • Rating
  • Score
  • Recommendation
  • P/E Score
  • DCF Score
  • P/B Score
  • D/E Score

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade HES Wells Fargo Equal Weight Overweight $151 $193 Dec. 9, 2024
Upgrade HES Wolfe Research Peer Perform Outperform -- $150 Sept. 30, 2024

News

Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals
CVX, HES
Published: July 23, 2025 by: Reuters
Sentiment: Negative

Chevron cut 575 positions in the Houston area after it completed its $55 billion merger with Hess, a Texas Workforce Commission filing revealed on Wednesday.

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image for news Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals
Chevron Plus Hess Is A Good Investment
CVX, HES
Published: July 20, 2025 by: Seeking Alpha
Sentiment: Positive

Chevron's acquisition of Hess secures a 30% stake in Guyana's Stabroek Block, unlocking significant low-cost, high-growth oil production potential. Hess adds robust Bakken shale assets and immediate profit growth, supporting Chevron's valuation and long-term cash flow generation. Chevron's ramp-up in TCO, Gulf of Mexico, and refining capacity positions it for production growth and enhanced shareholder returns.

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image for news Chevron Plus Hess Is A Good Investment
Chevron CEO Mike Wirth: Hess acquisition is good for the industry
CVX, HES
Published: July 18, 2025 by: CNBC Television
Sentiment: Positive

Chevron CEO Mike Wirth on Friday said the company's acquisition of Hess, which it completed this week after winning a legal dispute with Exxon Mobil, is good for the oil and gas sector and creates the "strongest upstream portfolio in the industry."

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image for news Chevron CEO Mike Wirth: Hess acquisition is good for the industry
Fed governor Waller pushes for rate cut, Chevron completes Hess acquisition
CVX, HES
Published: July 18, 2025 by: Yahoo Finance
Sentiment: Positive

Here is what you may have missed on Morning Brief on Friday, July 18. Federal Reserve governor Christopher Waller says he would like to see the central bank cut rates at its July meeting, putting him in conflict with other FOMC members who want to wait on cuts.

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image for news Fed governor Waller pushes for rate cut, Chevron completes Hess acquisition
Paul Sankey gives his read on Chevron's acquisition of Hess
CVX, HES
Published: July 18, 2025 by: CNBC Television
Sentiment: Neutral

Paul Sankey, Sankey Research lead analyst, joins 'Money Movers' to discuss Chevron closing on the Hess acquisition and what it means for the company and on the oil sector.

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image for news Paul Sankey gives his read on Chevron's acquisition of Hess
Chevron prevails over Exxon in Hess megamerger, and it matters for Chevron's stock.
CVX, HES, XOM
Published: July 18, 2025 by: Market Watch
Sentiment: Positive

The conclusion of the saga removes a stock overhang for Chevron and paves the way for the $53 billion deal to close immediately, which the oil giant said it could happen within a couple of days.

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image for news Chevron prevails over Exxon in Hess megamerger, and it matters for Chevron's stock.
Chevron completes $53B Hess takeover after arbitration win over Exxon
CVX, HES, XOM
Published: July 18, 2025 by: Proactive Investors
Sentiment: Positive

Chevron Corporation (NYSE:CVX, ETR:CHV) said Friday it has closed its $53 billion acquisition of Hess Corp (NYSE:HES), cementing its entry into Guyana's prized oil fields after an international arbitration panel rejected Exxon Mobil Corp (NYSE:XOM, ETR:XONA) attempt to block the deal. The ruling by the International Chamber of Commerce (ICC) dismissed Exxon's claim that it held a right of first refusal on Hess's 30% stake in the Stabroek Block offshore Guyana, clearing the way for Chevron to finalize the long-contested takeover.

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image for news Chevron completes $53B Hess takeover after arbitration win over Exxon
VIEW Analysts on Chevron winning arbitration over Exxon in Hess deal
CVX, HES, XOM
Published: July 18, 2025 by: Reuters
Sentiment: Positive

Chevron will proceed with its $53 billion acquisition of Hess after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades off the coast of Guyana.

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image for news VIEW Analysts on Chevron winning arbitration over Exxon in Hess deal
Hess Schedules Earnings Release Date
HES
Published: July 09, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Hess Schedules Earnings Release Date.

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image for news Hess Schedules Earnings Release Date
Strength Seen in Hess (HES): Can Its 4.8% Jump Turn into More Strength?
HES
Published: July 09, 2025 by: Zacks Investment Research
Sentiment: Positive

Hess (HES) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

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image for news Strength Seen in Hess (HES): Can Its 4.8% Jump Turn into More Strength?
Hess Exits Suriname's Offshore Block 59 Amid Drilling Risks
HES
Published: July 09, 2025 by: Zacks Investment Research
Sentiment: Negative

HES exits Suriname's offshore Block 59, capping years of risky exploration after XOM and EQNR pulled out earlier.

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image for news Hess Exits Suriname's Offshore Block 59 Amid Drilling Risks
Hess to exit Suriname offshore oil block after partners leave over drilling risks
HES
Published: July 08, 2025 by: Reuters
Sentiment: Negative

U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil firm Staatsolie said on Tuesday, adding the block would now return to Staatsolie.

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image for news Hess to exit Suriname offshore oil block after partners leave over drilling risks
Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say
CVX, HES, XOM
Published: July 03, 2025 by: Reuters
Sentiment: Neutral

The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter, with the ruling determining whether Chevron can move forward with its planned acquisition of Hess.

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image for news Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say
Why Hess (HES) is Poised to Beat Earnings Estimates Again
HES
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Hess (HES) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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image for news Why Hess (HES) is Poised to Beat Earnings Estimates Again
These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
DINO, HES
Published: July 02, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Read More
image for news These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
3 Oil Stocks to Avoid During 4th of July Week
EOG, HES, XOM
Published: June 25, 2025 by: Schaeffers Research
Sentiment: Negative

Next week brings the start of July, and with it another holiday.

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image for news 3 Oil Stocks to Avoid During 4th of July Week
Hess Outperforms Industry in 6 Months: Should You Buy the Stock?
HES
Published: June 18, 2025 by: Zacks Investment Research
Sentiment: Positive

The HES stock climbs 13% in six months, beating sector peers as disciplined costs and Guyana growth fuel investor optimism.

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image for news Hess Outperforms Industry in 6 Months: Should You Buy the Stock?
Hess (HES) Up 3% Since Last Earnings Report: Can It Continue?
HES
Published: May 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Hess (HES) reported earnings 30 days ago. What's next for the stock?

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image for news Hess (HES) Up 3% Since Last Earnings Report: Can It Continue?
Occidental vs. Hess: Which Energy Stock Deserves a Spot in Your Folio?
HES, OXY
Published: May 29, 2025 by: Zacks Investment Research
Sentiment: Neutral

Occidental Petroleum and Hess Corporation are strong operators in the oil and gas industry. OXY currently has the edge over HES with a higher dividend yield and lower valuation.

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image for news Occidental vs. Hess: Which Energy Stock Deserves a Spot in Your Folio?
Exxon, Hess to face off over Chevron deal for oilfield riches
CVX, HES, XOM
Published: May 23, 2025 by: Reuters
Sentiment: Neutral

Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields.

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image for news Exxon, Hess to face off over Chevron deal for oilfield riches
7%+ Yields With Stress-Free Dividend Growth For An Early Retirement
CVX, EPD, HES, HESM, XOM
Published: May 07, 2025 by: Seeking Alpha
Sentiment: Positive

These 2 blue-chip dividend monsters yield 7–8% and just keep growing. Retire richer with these ultra-safe, high-yield stocks that many investors overlook. Why we're backing up the truck on these inflation-resistant dividend giants.

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image for news 7%+ Yields With Stress-Free Dividend Growth For An Early Retirement
Chevron CEO on Earnings, Energy Demand, Buying Hess
CVX, HES
Published: May 02, 2025 by: Bloomberg Markets and Finance
Sentiment: Positive

Chevron Corp. Chief Executive Officer Mike Wirth says the oil and gas giant had a very strong quarter even though oil prices were flat. Wirth says the company is ramping up production in the Gulf of America and he expects to see great output.

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image for news Chevron CEO on Earnings, Energy Demand, Buying Hess
Hess Q1 Earnings Beat Estimates, Hydrocarbon Production Flat Y/Y
HES
Published: April 30, 2025 by: Zacks Investment Research
Sentiment: Positive

HES' first-quarter earnings gain on sustained crude oil and higher NGL production. Increased total costs and expenses partially offset the positives.

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image for news Hess Q1 Earnings Beat Estimates, Hydrocarbon Production Flat Y/Y
Hess (HES) Q1 Earnings and Revenues Top Estimates
HES
Published: April 30, 2025 by: Zacks Investment Research
Sentiment: Positive

Hess (HES) came out with quarterly earnings of $1.81 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $3.16 per share a year ago.

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image for news Hess (HES) Q1 Earnings and Revenues Top Estimates
Hess beats first-quarter profit estimate despite weak oil prices
HES
Published: April 30, 2025 by: Reuters
Sentiment: Positive

Hess reported a drop in first-quarter profit on Wednesday, hurt by lower oil prices, though the shale producer still managed to beat Wall Street expectations.

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image for news Hess beats first-quarter profit estimate despite weak oil prices
Hess Reports Estimated Results for the First Quarter of 2025
HES
Published: April 30, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--HESS REPORTS ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2025.

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image for news Hess Reports Estimated Results for the First Quarter of 2025
Hess Corporation: A Lot Of Solid Attributes And Growth Opportunities To Support Its Rebound
HES
Published: April 18, 2025 by: Seeking Alpha
Sentiment: Positive

Hess Corporation remains a compelling stock due to its strong financial positioning, strategic expansion in Guyana, and undervaluation, suggesting significant upside potential. HES demonstrated resilient growth in Q4 2024 with a 6.4% YoY revenue increase, driven by high production rates and strategic pricing. Despite geopolitical risks and potential economic overreliance on oil in Guyana, HES's diversified operations and strong balance sheet provide stability and growth opportunities.

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image for news Hess Corporation: A Lot Of Solid Attributes And Growth Opportunities To Support Its Rebound
Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
HES, VLO
Published: April 11, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Read More
image for news Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
Hess Schedules Earnings Release Date
HES
Published: April 10, 2025 by: Business Wire
Sentiment: Neutral

NEW YORK--(BUSINESS WIRE)--Hess Schedules Earnings Release Date.

Read More
image for news Hess Schedules Earnings Release Date
These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
HES, SU
Published: April 09, 2025 by: Zacks Investment Research
Sentiment: Positive

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

Read More
image for news These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar

About Hess Corporation (HES)

  • IPO Date 1980-03-17
  • Website https://www.hess.com
  • Industry Oil & Gas Exploration & Production
  • CEO John B. Hess
  • Employees 1797

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.