HES stands for Hess Corporation, a global independent energy company engaged in the exploration and production of crude oil and natural gas. Hess Corporation was founded in 1920 by Leon Hess, who began the company as a single gasoline station in New York City. Over the years, Hess Corporation has grown to become a leading global independent energy company, with operations in more than 30 countries.
Hess Corporation's primary business is the exploration, production, transportation, and sale of crude oil and natural gas. The company's upstream operations are focused on the development and production of oil and gas from onshore and offshore assets, primarily in the United States and the North Sea. Hess Corporation's downstream operations consist of refining and marketing gasoline, diesel, jet fuel, and other refined products, as well as trading and transporting crude oil and refined products.
Hess Corporation's latest market offerings include a range of crude oil and natural gas products, as well as refined products such as gasoline, diesel, and jet fuel. The company also offers a range of services related to the exploration and production of oil and gas, including drilling, engineering, and geoscience services.
In the latest quarter, Hess Corporation reported adjusted earnings of $327 million, or $1.47 per share, beating Wall Street expectations. The company's revenue for the quarter came in at $2.32 billion, also exceeding analysts' estimates. The strong results were driven by higher oil and gas prices, as well as increased production from the company's assets in the United States and the North Sea.
Overall, Hess Corporation is a leading global independent energy company with a strong presence in the exploration, production, and marketing of crude oil and natural gas. The company's focus on innovation and technology has helped it to achieve consistent growth and success in a highly competitive industry.
Background
Hess Corporation, located at 1185 avenue of the americas, new york, ny, us specializes in the petroleum refining industry. It is currently listed on the exchange NYSE in the country USA.
The company's last annual earnings report on 2022-09-30 showed that it had reached a market capitalization of 44,673,827,000 $.
If someone had invested $100 in Hess Corporation 10 years ago, their investment would be worth roughly $209.19 today, according to If You Had Invested
If you had invested...
A companies stock price is a reflection of the company's performance and for HES, its stock has been on a tear. If you had invested $1,000 in Hess Corporation 1 year ago and held onto your investment until today (in other words, if you didn't sell any shares), here's what would have happened:
Your investment would now be worth roughly $1139.7 today.
Financials
If you are looking for a company with a high dividend yield then Hess Corporation has a dividend yield of 0.0106 making it a good dividend company to invest in. If you are going to buy some HES stock for dividends make sure you buy before 2022-09-16
In terms of growth Hess Corporation has been on the up and up with a Quarterly earnings growth rate of 3.514. At the same time revenue growth has been to the moon with a rate of 0.776.
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As Hess Corporation continues on its journey to become a 6,701,074,050,0.0 dollar company, there is no doubt that the stock will continue to rise. You should watch out for any major announcements about their products or recent earnings. If you wish to invest in the stock market but are not sure where to start, start by signing up on Robinhood
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