Hess Corp.
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About
Hess is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. We are a leading shale oil and gas producer, a leader in deepwater development and production and a focused, high impact explorer. Our high-graded, focused portfolio includes offshore Guyana, deepwater Gulf of Mexico, the Bakken shale in North Dakota and Malaysia. Formerly Amerada Hess Corp.
Editor's note: Updated July 16, 2019.
Transactions
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
Hess Completes Libya Asset Sale to TotalEnergies, ConocoPhillips
INEOS Acquires Hess Upstream Business in Denmark for $150 Million
INEOS Acquires Hess Upstream Business in Denmark for $150 Million
Hess Grows Offshore Guyana Holdings Through Farm-in Deal
Hess Grows Offshore Guyana Holdings Through Farm-in Deal
Hess Sells Bakken Acreage in $312 Million Deal to Enerplus
Hess Sells Bakken Acreage in $312 Million Deal to Enerplus
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New Financings
Purchased $500 million of common stock through an accelerated stock repurchase program and $500 million…
Hess Corp. will redeem all of its 8.125% notes due February 15, 2019, of which $349.6 million aggregate…
Priced public offering of 25 million common shares priced at $39 each. Underwriters will have a monthlong…
Concurrent with common share offering, priced public offering of 10 million depositary shares at $50 each…
Plans to offer 5.6% senior notes due 2041 to fund the acquisition of Total SA's 7.85% interest in…
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News
Hess Midstream Repurchases $100MM Class B Units
Hess Midstream repurchased more than 2.7 million Class B units as part of its strategy to deliver shareholder returns.
Analysis: A Mountain of Asset Sales Loom After Oil Megamerger Era
U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
Industry Consolidation Reshapes List of Top 100 Private Producers in the Lower 48
Public-private M&A brings new players to top slots in private operators list.
Brewing Hydrogen: Cemvita’s Gold H2 Targets Commercialization
Under the right conditions, depleted oil reservoirs can be transformed into hydrogen producers, or subsurface biorefineries, Gold H2 CEO says.
Hess Shareholders Approve Chevron Merger
Hess Corp. stockholders voted in favor of the company’s merger with Chevron Corp. during Hess’ May 28 special meeting.
Proxy Vote Preview: Chevron, Hess and Guyana Uncertainty
Chevron Corp. stockholders will vote on May 28 and Hess’ stakeholders on May 29 on a $53 million combination that largely centers on Hess’ stake offshore Guyana.
Dividends Declared Week of May 20, 2024
Here is a selection of upstream and service and supply company dividends declared in the past week.
Exxon Mobil Keeps Its Options Open in Guyana and Globally
Exxon Mobil Guyana Ltd.’s President Alistair Routledge said the company is seeking resources offshore Guyana that compete financially within its portfolio.
Blankenship, Regens: More Demand, More M&A, More Regs
In 2024, the oil and gas industry is dealing with higher interest rates, armed conflicts in Europe and the Middle East, rising material costs, a decrease in Tier 1 acreage and new policies and laws.
Chevron-Hess Deal: To Vote or Not to Vote, That is the Question
A Hess Corp. proxy vote related to the company’s proposed $53 billion all-stock merger with Chevron Corp. has divided shareholders ahead of a May 28 deadline.
Petrobras Not in a Race with Guyana to Boost Production, CEO Says
While Brazil and Guyana aren’t necessarily competing to see which country can produce more oil, Petrobras’ CEO Jean Paul Prates jokingly said Brazil was winning, while adding that Bolivia’s falling production was an opportunity for Argentina.
Enverus: Permian Gains Will Sustain US Oil Production Through 2030
Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.
Chesapeake Stockpiles DUCs as Doubts Creep in Over Southwestern Deal
Chesapeake Energy is stockpiling DUCs until demand returns through growth from LNG exports, power generation and industrial activity.
Stice: Diamondback’s Small Company Culture Suits Big M&A Appetite
Diamondback Energy CEO Travis Stice tells analysts that the company’s nimble nature is among its top qualities, allowing for rapid growth and the successful integration of Endeavor Energy this year.
Wirth: Chevron Won’t Put ‘New Capital into Venezuela’
California-based Chevron Corp. doesn’t plan on allocating more capex into its operations in Venezuela even though it still has U.S. approval to operate there, despite Washington sanctions.