Hess Corporation is an integrated energy company engaged in the exploration, production, refining, and marketing of oil and natural gas
The company operates primarily in the United States and Guyana, focusing on developing its extensive portfolio of assets in both conventional and unconventional resources. Hess is involved in the production of crude oil and natural gas, along with the refining and delivery of petroleum products to consumers. Additionally, the company is committed to sustainable practices and advancing technology to enhance its operational efficiency and environmental stewardship.
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Hess reported strong financial performance in its latest earnings release, driven by production increases in key assets despite facing challenging market conditions.
Revenue rose 6% year-over-year (YoY) to $3.23 billion compared to a Wall Street estimate of $3.05 billion. Adjusted earnings per share (EPS) came in at $1.76 versus an analyst estimate of $1.5, according to FinChat.
Hess Corporation (NYSEHES) today reported net income of $542 million, or $1.76 per share, in the fourth quarter of 2024, compared with net income of $413 million, or $1.34 per share, in the fourth quarter of 2023. On an adjusted basis, the Corporation reported net income of $501 million, or $1.63 per share, in the fourth quarter of 2023. The increase in adjusted after-tax earnings compared with the prior-year quarter primarily reflects higher production volumes, partially offset by lower realized selling prices and higher exploration expenses in the fourth quarter of 2024.
Hess Corporation (NYSEHES) has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 15th consecutive year and for the third time has been included in the Dow Jones Sustainability World Index (DJSI World), which highlights global sustainability leaders identified by S&P Global through its Corporate Sustainability Assessment. Only the most sustainable companies are considered each year for DJSI membership. This year, Hess is the only North American oil and gas producer listed on DJSI World and one of only four oil and gas companies included in DJSI North America.
Hess Corporation (NYSEHES) announced today that on Wednesday, January 29 it will issue its fourth quarter earnings press release and post supplemental earnings information on its website at www.hess.com.
