US42809H1077 - Common Stock
126.85 -3.35 (-2.57%)
HESS CORP
NYSE:HES (5/30/2023, 11:44:04 AM)
126.85
-3.35 (-2.57%)
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Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. The company is headquartered in New York City, New York and currently employs 1,623 full-time employees. The firm is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations located in the United States, Guyana, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. The firm operates through two segments: E&P and Midstream. The E&P operating segment explores for, develops, produces, purchases and sells crude oil, NGL and natural gas. The Midstream operating segment provides fee-based services, including gathering, compressing and processing natural gas and fractionating NGL; gathering, terminating, loading and transporting crude oil and NGL; storing and terminating propane, and water handling services primarily in the Bakken shale play of North Dakota. The company conducts exploration activities primarily offshore Guyana, in the United States Gulf of Mexico, and offshore Suriname and Canada.
HESS CORP
1185 Avenue of the Americas
New York City NEW YORK 10036
P: 12129978500.0
CEO: John B. Hess
Employees: 1623
Website: https://www.hess.com/
The Exxon Mobil-led (XOM) consortium operating offshore Guyana earned $5.8B last year, according to audited results filed in an appeal of a court ruling.
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Hess Midstream (HESM) is initiated as a Buy at UBS, as the company transitions from a cost-of-service business model to "a clean return of cash story" offering peer-leading free cash flow.
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