Background of the Chevron Deal In October 2023, Chevron proposed a $53 billion acquisition of Hess. The strategic move was aimed at strengthening Chevron's presence in Guyana's oil-rich offshore fields. However, the deal has encountered significant obstacles, including the need for regulatory approval from the Federal Trade Commission. The resolution of these issues is crucial for the progression of the acquisition. Class Action in Delaware Court of Chancery One of the three lawsuits, a class action complai ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) rati ...

Hess (HES) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this oil and gas producer have returned -0.2%, compared to the Zacks S&P 500 composite's -0.3% change. During this period, the Zacks Oil and Gas - Integrated - United States industry, which Hess falls in, has lost 5%. The key question now is: What could be the stock's future direction?While media ...

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, 2024 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) 1 ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Hess (HES) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Hess is a member of our Oils-Energy group, which includes 251 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 1 ...

Investors might want to bet on Hess (HES) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this oil and gas producer, should get reflected in its stock price. After all, empirical research shows a strong correlation between tre ...

NOV Inc. (NOV) reported first-quarter 2024 adjusted earnings of 30 cents per share, which beat the Zacks Consensus Estimate of 27 cents. The outperformance can be attributed to the better-than-expected performances of NOV’s Energy Products and Services and Energy Equipment segments. However, the bottom line declined from the year-ago quarter’s level of 32 cents.NOV’s total revenues of $2.16 billion surpassed the Zacks Consensus Estimate by 2.6%. The top line also increased 10.1% from the year-ago quarter’s ...

Hess Corporation (HES) has reported first-quarter 2024 earnings per share of $3.16, which beat the Zacks Consensus Estimate of $1.73. The bottom line significantly improved from the year-ago quarter’s $1.13.Total quarterly revenues increased to $3,341 million from $2,453 million in the year-ago period. The top line also beat the Zacks Consensus Estimate of $2,929 million.Strong quarterly results have been driven by higher oil equivalent production volumes, and increased oil and gas prices.Operational Update ...

Hess (HES) came out with quarterly earnings of $3.16 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 82.66%. A quarter ago, it was expected that this oil and gas producer would post earnings of $1.43 per share when it actually produced earnings of $1.63, delivering a surprise of 13.99%.Over the last four quarters, the company ...