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Hess Corporation  (HES)
Other Ticker:  
 
 
Price: $150.2000 $-0.66 -0.437%
Day's High: $152.13 Week Perf: 2.43 %
Day's Low: $ 149.96 30 Day Perf: 1.49 %
Volume (M): 2,560 52 Wk High: $ 167.75
Volume (M$): $ 384,512 52 Wk Avg: $143.93
Open: $151.17 52 Wk Low: $117.32



 Market Capitalization (Millions $) 46,231
 Shares Outstanding (Millions) 308
 Employees 1,545
 Revenues (TTM) (Millions $) 10,511
 Net Income (TTM) (Millions $) 1,738
 Cash Flow (TTM) (Millions $) -798
 Capital Exp. (TTM) (Millions $) 4,108

Hess Corporation
Amerada Hess Corporation is a Delaware corporation, incorporated in 1920. The Registrant and its subsidiaries explore for, produce, purchase, transport and sell crude oil and natural gas. These exploration and production activities take place in the United States, United Kingdom, Norway, Denmark, Equatorial Guinea, Algeria, Gabon, Indonesia, Thailand, Azerbaijan, Malaysia and other countries. The Corporation also manufactures, purchases, trades and markets refined petroleum and other energy products. The Corporation owns 50% of a refinery joint venture in the United States Virgin Islands, and another refining facility, terminals and retail gasoline stations located on the East Coast of the United States.

Exploration and Production

United States.'Amerada Hess Corporation operates mainly offshore in the Gulf of Mexico and onshore in Texas, Louisiana and North Dakota.

United Kingdom.'The Corporation's activities in the United Kingdom are conducted by its wholly-owned subsidiary, Amerada Hess Limited.

Norway.'The Corporation's activities in Norway are conducted through its wholly-owned Norwegian subsidiary, Amerada Hess Norge A/S.

Denmark.'Amerada Hess ApS, the Corporation's wholly-owned Danish subsidiary, operates the South Arne Field.

Equatorial Guinea. The Corporation has interests in production sharing contracts covering three offshore blocks, acquired in August 2001.

Malaysia'' Thailand. In 2003, the Corporation exchanged its oil and gas assets in Colombia for an additional 25% interest in long-lived natural gas reserves in the joint development area of Malaysia and Thailand, bringing the Corporation's interest to 50%. This production sharing contract has a gas sales agreement for the sale of the first phase of gas production.

Algeria. The Corporation has a 49% interest in a venture with the Algerian national oil company that is redeveloping three oil fields.

Gabon. Amerada Hess Production Gabon, the Corporation's 77.5% owned Gabonese subsidiary, has a 10% interest in the Rabi Kounga Field and interests in two other Gabonese fields.

Indonesia. . A natural gas discovery in the Pangkah production sharing contract area is being developed.

Thailand. The Corporation has a 15% interest in the Pailin gas field offshore Thailand. Net production from the Corporation's interest averaged 52,000 Mcf and 35,000 Mcf of natural gas per day in 2003 and 2002, respectively. Additional appraisal drilling is planned in 2004 on an onshore discovery on Phu Horm Block E5N (AHC'35%).

Azerbaijan. The Corporation has a 2.72% interest in the AIOC Consortium in the Caspian Sea.

Refining and Marketing

Refining.'The Corporation owns a 50% interest in the HOVENSA refining joint venture in the United States Virgin Islands with a subsidiary of Petroleos de Venezuela'S.A. (PDVSA). In addition, it owns and operates a refining facility in Port Reading, New Jersey.

Port Reading Facility.'The Corporation owns and operates a fluid catalytic cracking facility in Port Reading, New Jersey. This facility processes vacuum gas oil and residual fuel oil.

Marketing.'The Corporation markets refined petroleum products on the East Coast of the United States to the motoring public, wholesale distributors, industrial and commercial users, other petroleum companies, governmental agencies and public utilities. It also markets natural gas to utilities and other industrial and commercial customers. The Corporation's energy marketing activities include the sale of electricity. The Corporation has a 50% voting interest in a consolidated partnership that trades energy commodities and derivatives. The Corporation also takes trading positions for its own account.

The Corporation has 22'terminals with an aggregate storage capacity of 21'million barrels in its East Coast marketing areas.

The Corporation has a wholly-owned subsidiary that provides distributed electricity generating equipment to industrial and commercial customers as an alternative to purchasing electricity from local utilities. The Corporation also has invested in long-term technology to develop fuel cells for electricity generation through a venture with other parties.



   Company Address: 1185 AVENUE OF THE AMERICAS, NEW YORK, 10036 NY
   Company Phone Number: 997-8500   Stock Exchange / Ticker: NYSE HES
   


Customers Net Income grew by HES's Customers Net Profit Margin grew to

10.05 %

5.45 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BP        3.11% 
COP        4.56% 
CVX        2.32% 
PSX        4.25% 
VLO        10.32% 
XOM        3.67% 
• View Complete Report
   



Hess Corporation

Q2 2023: Hess Corporation's Revenue Takes a Hit, Yet the Stock Inches Upward - A Closer Look Reveals the Story

During the past 5 trading days, Hess Corporation's stock has seen a slight increase of 0.8%. This brings the year-to-date performance to 13.69%. However, the company's stock is still 4.7% short off the 52-week high. While this may seem like positive news for investors, a closer look at the company's financial performance reveals some concerning figures.
According to the financial report for the second quarter of 2023, Hess Corporation experienced a significant contraction in revenue, with a decline of -23.394%. This decline in revenue resulted in a drop in income of -81.86%. In comparison to the previous year, the company recorded earnings of $2.29 billion in revenue, a decrease from $2.99 billion. Earnings per share also decreased from $0.39 to 2.15 in the previous year.

Hess Corporation

Headline: Declining Earnings Offset Revenue Increase for Hess Corporation in Q1 2023

Investors looking to make a move on the stock market should strongly consider the current state of Hess Corporation and its first quarter of 2023 financial results. While ROA has increased to a promising 10.97%, indicating that the company is performing well, it is important to note that the dip in net income has caused a decrease in ROA relative to the previous period. Additionally, Hess Corporation finds itself lagging behind 50 other companies within the energy sector in terms of return on assets.
Investors should also take heed of the fact that revenue improvement in the first quarter of 2023 could not prevent a decline in overall income, indicating that the company may have to work harder in order to maintain profitability. The fact that net profits have fallen compared to the same period the previous year is also not a good sign. Furthermore, with Hess Corporation shifting its focus on improving sales, investors may want to pay attention to the sharply reduced net margin.






 

Hess's Segments
 
Exploration & production
 Segment     of total Revenue
Refining marketing & shipping
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Hess does not provide revenue guidance.

Earnings Outlook
Hess Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Europe
Africa
Other foreign countries

Hess's Operating Statistics Decrease / Increase
       
Crude oil production (MBP/D)    Crude oil production (MBP/D) Growth   
Natural gas liquids (MBP/D)    Natural gas liquids (MBP/D) Growth   
Natural gas (MMCF/D)    Natural gas (MMCF/D) Growth   
U.S. Crude oil per barrel Avg. Price ($)   U.S. Crude oil per barrel Avg. Price ($)  Decline   
Europe Crude oil per barrel Avg. Price ($)   Europe Crude oil per barrel Avg. Price ($)  Decline   
Africa, Asia & other Crude oil per barrel Avg. Price ($)   Africa, Asia & other Crude oil per barrel Avg. Price ($)  Decline   
U.S. Natural gas liquids per barrel Avg. Price ($)   U.S. Natural gas liquids per barrel Avg. Price ($) Decline   
Europe Natural gas liquids per barrel Avg. Price ($)   Europe Natural gas liquids per barrel Avg. Price ($) Decline   
U.S. Natural gas per (MCF) Avg. Price ($)   U.S. Natural gas per (MCF) Avg. Price ($) Decline   
Europe Natural gas per (MCF) Avg. Price ($)   Europe Natural gas per (MCF) Avg. Price ($) Decline   
Africa, Asia & other Natural gas per (MCF) Avg. Price ($)   Africa, Asia & other Natural gas per (MCF) Avg. Price ($) Decline   
Gasoline Refined Product Sales (MBP/D)     
Distillates Refined Product Sales (MBP/D)     
Residuals Refined Product Sales (MBP/D)     
Other Refined Product Sales (MBP/D)     
Refined Product Sales Total (MBPD)     
Refinery Throughput (MBP/D)     
Refinery Utilization In (%)     
Number of retail stations     
Convenience store revenue (millions $)     
Avg. Gasoline volume per station (thousands gallons/month)     
Avg. Gasoline volume per station (gallons/day)     




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