I analyze oil and gas companies like Hess Corporation and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up ...

据了解，这场堪称两大美国油气巨头的"世纪斗争"围绕埃克森声称对赫斯所持圭亚那近海富油区块—— Stabroek油田区块的股权优先购买权。自2023年宣布收购交易以来，该争端一直是雪佛龙收购赫斯交易 面临的最大障碍。如今，在一年多的互诉与索赔之后，事件似乎正接近终点。 套利型对冲基金们对听证会结果抱有很大的希望，他们已经买入了价值约100亿美元的赫斯股票，许多 对冲基金坚持在听证会前长期持有多头头寸，押注该并购交易最终将正式完成。 智通财经APP获悉，聚焦于合并套利策略的对冲基金们今年最大的赌注策略将在未来几天迎来关键考 验：一家私人仲裁小组即将开始审理美国油气巨头埃克森美孚(XOM.US)针对雪佛龙(CVX.US)以530亿 美元收购油气生产商赫斯公司(HES.US)所面临的艰难挑战。 当前多方争议的焦点是埃克森以及赫斯之间签订的一项私人性质的合同，该合同管理着圭亚那大型油气 田项目。它包含"优先购买权"条款，这意味着如果一方想要出售其股份，它必须首先将其提供给其他的 项目重要参与势力。圭亚那油气资产乃雪佛龙收购赫斯的核心目的之一。 此次"世纪争端"案件焦点可能落在埃克森十多年前签署的 Stabroek 区块 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-1204 HESS CORPORATION (Exact Name of Registrant as Specified in Its Charter) DELAWARE (State or Other Jurisdiction of Incorporation or Organization) | ...

Group 1 - The article discusses the analysis of oil and gas companies, specifically focusing on Hess Midstream, highlighting the search for undervalued names in the industry [1] - Insider selling activity at Hess Midstream LP has been significant, with minimal changes noted since the last report [2] - The oil and gas industry is characterized as a cyclical sector, requiring patience and experience for successful investment [2] Group 2 - The author has a beneficial long position in shares of Hess and ExxonMobil, indicating a personal investment interest in these companies [3] - The article does not serve as a recommendation for stock purchases or sales, emphasizing the need for investors to conduct their own research [4]

Core Insights - The energy sector is experiencing a significant shift due to recent events in Europe, particularly a power outage in Portugal and Spain, highlighting the challenges of overreliance on renewable energy sources [2][3] - Major players like Exxon Mobil and Hess are positioned to benefit from the ongoing reliance on fossil fuels, presenting long-term investment opportunities [3][4] Exxon Mobil - Exxon Mobil's stock forecast indicates a 12-month price target of $126.50, representing a 19.11% upside from the current price of $106.20, with a high forecast of $144.00 and a low of $105.00 [4] - The company reported better-than-expected quarterly earnings despite declining crude oil prices, which could have negatively impacted earnings per share (EPS) [4][5] - Management's decision to maintain the share buyback program signals confidence in the stock's undervaluation and potential for future price increases [5][6] - Analysts from Barclays have reiterated an Overweight rating on Exxon Mobil, with a valuation target of $130 per share, indicating a 23% upside [7] Hess Corporation - Hess's stock forecast suggests a 12-month price target of $164.46, indicating a 24.28% upside from the current price of $132.33, with a high forecast of $194.00 and a low of $136.00 [8][9] - The recent European blackout has led to increased institutional interest in Hess, with the Bank of New York Mellon boosting its holdings by 22.2%, bringing its net position to $572.1 million [9][10] - Wall Street analysts project an EPS of $3.18 for Hess in the final quarter of 2025, a 63% increase from the current EPS of $1.95, supporting the growth thesis and recent institutional buying [11] Transocean Ltd. - Transocean, a drilling equipment maker and leaser, presents an attractive investment opportunity due to its asymmetrical risk-reward profile, especially after its stock has fallen to a 52-week low [12][13] - Analysts have set a consensus price target of $4.6 per share for Transocean, suggesting a potential upside of 98.5% from its current levels [14]

Financial Performance - Hess Corporation reported first-quarter 2025 adjusted earnings per share (EPS) of $1.81, beating the Zacks Consensus Estimate of $1.77, but down from $3.16 in the same quarter last year [1] - Total quarterly revenues decreased to $2,938 million from $3,341 million year-over-year, although it surpassed the Zacks Consensus Estimate of $2,901 million [1] - Adjusted earnings from the exploration and production segment were $563 million, significantly down from $997 million a year ago due to lower realized crude oil prices [2] Production Metrics - Quarterly hydrocarbon production totaled 476 thousand barrels of oil equivalent per day (MBoe/d), flat year-over-year, and exceeded the estimate of 470.7 MBoe/d [2] - Crude oil production was 304 thousand barrels per day (MBbls/d), slightly down from 305 MBbls/d in the prior year, but above the estimate of 299.1 MBbls/d [3] - NGL production increased to 76 MBbls/d from 71 MBbls/d year-over-year, also beating the estimate of 72.7 MBbls/d [3] - Natural gas production decreased to 574 thousand cubic feet per day (Mcf/d) from 599 Mcf/d a year ago, missing the estimate of 593.2 Mcf/d [3] Pricing and Costs - Worldwide crude oil realization per barrel was $71.22, down from $80.06 in the previous year, while global natural gas prices rose to $4.89 per Mcf from $4.62 [4] - Average global NGL selling price increased to $24.08 per barrel from $22.97 year-over-year [4] - Operating expenses totaled $470 million, up from $412 million a year ago, exceeding the projection of $425.2 million [6] - Total costs and expenses increased to $2,157 million from $1,926 million in the prior-year period [6] Cash Flow and Debt - Net cash provided by operating activities was $1,401 million, with capital expenditure for exploration and production activities totaling $1,085 million [7] - As of March 31, 2025, the company had $1,324 million in cash and cash equivalents, while long-term debt stood at $8,654 million [7] Future Outlook - For the second quarter of 2025, Hess expects net production from the exploration and production business to be in the range of 480-490 thousand barrels of oil equivalent per day [9] - The fourth oil development in the Starbroek Block, Yellowtail, is expected to start up in the third quarter of 2025 [9] - The company forecasts total exploration and production capital and exploratory expenditure of $4.5 billion for the full year 2025 [9]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.26%. A quarter ago, it was expected that this oil and gas producer would post earnings of $1.51 per share when it actually produced earnings of $1.76, delivering a surprise of 16.56%.Over the last four quarters, the company ...

Supplemental Earnings Information First Quarter 2025 OPERATING RESULTS 1 Reported Net Income, Items Affecting Comparability and Adjusted Net Income by Operating Activity | $ In Millions, Except Per Share Data | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | 1Q | | 1Q | | 4Q | | | | 2025 | | 2024 | | 2024 | | Net Income Attributable to Hess Corporation (U S GAAP) . . | | | | | | | | and Production Exploration | $ | 434 | $ | 997 | $ | 529 | | Midstream | | 70 | | 67 | | 74 | | and Other Corpor ...

Exhibit 99.1 HESS CORPORATION HESS REPORTS ESTIMATED RESULTS FOR THE FIRST QUARTER OF 2025 Key Development: • The fourth and largest oil development on the Stabroek Block to date, Yellowtail, is on track to start up in the third quarter of 2025 with an initial gross production capacity of approximately 250,000 barrels of oil per day (bopd) utilizing the ONE GUYANA floating production, storage and offloading vessel (FPSO), which arrived offshore Guyana on April 15 th | | | | Three Months Ended March 31, | | ...

Core Points - The Oklahoma State University A&M Board of Regents appointed Dr. Jim Hess as the 20th president of Oklahoma State University, transitioning from his interim role to a three-year term [2][6] - Dr. Hess is recognized for his deep understanding of OSU's land-grant mission and his commitment to student success, which aligns with the university's goals [3][4] - His leadership is expected to enhance OSU's statewide impact through education, research, and agricultural leadership, contributing to Oklahoma's economy [3][5] Leadership and Vision - Dr. Hess has demonstrated immediate positive impact on the OSU community, addressing key issues and restoring connections among students, faculty, and staff [3][4] - His vision emphasizes that all university decisions should enhance education and the overall student experience, with a focus on strengthening the relationship between administration and faculty [4][5] - Dr. Hess's background in Oklahoma higher education spans four decades, providing him with a unique perspective as both a faculty member and administrator [5] Institutional Context - Oklahoma State University serves over 35,000 students across its five-campus system, with a significant number of students from all 50 states and over 127 nations [9] - The OSU/A&M Board of Regents governs multiple institutions, ensuring their growth and success through management and oversight [10]