Last $100.07 USD
Change Today +0.67 / 0.67%
Volume 1.5M
HES On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

hess corp (HES) Snapshot

Open
$99.52
Previous Close
$99.40
Day High
$100.29
Day Low
$99.23
52 Week High
07/30/14 - $104.50
52 Week Low
08/21/13 - $72.62
Market Cap
30.8B
Average Volume 10 Days
2.1M
EPS TTM
$6.18
Shares Outstanding
307.7M
EX-Date
06/12/14
P/E TM
16.2x
Dividend
$1.00
Dividend Yield
1.00%
Current Stock Chart for HESS CORP (HES)

hess corp (HES) Details

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil and natural gas worldwide. The company operates through 722 wells. As of December 31, 2013, it had total proved reserves of 1,437 million barrels of oil equivalent. The company was founded in 1920 and is headquartered in New York, New York.

12,225 Employees
Last Reported Date: 02/28/14
Founded in 1920

hess corp (HES) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $3.0M
President and Chief Operating Officer of Expl...
Total Annual Compensation: $1.4M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $1.2M
Senior Vice President and General Counsel
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

hess corp (HES) Key Developments

Hess Corporation Reports Unaudited Consolidated Earnings and Operational Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Year 2014

Hess Corporation reported unaudited consolidated earnings and operational results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to company of $1,057 million or $2.96 per share diluted against $1,533 million or $4.16 per share diluted a year ago. Adjusted net income attributable to company of $432 million or $1.38 per share diluted against $520 million or $1.51 per share diluted a year ago. Net cash provided by operating activities was $946 million compared to $1,247 million a year ago. Total revenues and non-operating income was $3,567 million against $4,104 million a year ago. Results of operations before income taxes were $299 million against $2,180 million a year ago. Total capital and exploratory expenditures were $1,256 million against $1,586 million a year ago. The decrease in adjusted net income was primarily due to the impact on operating earnings of divesting E&P assets and downstream businesses. For the first half, the company reported net income attributable to company of $1,317 million or $4.13 per share diluted against $2,707 million or $7.88 per share diluted a year ago. Total revenues and non-operating income was $6,292 million against $8,281 million a year ago. Income from continuing operations before income taxes was $1,720 million against $3,630 million a year ago. Income from continuing operations was $1,382 million against $2,762 million a year ago. Net income was $1,351 million against $2,889 million a year ago. Net cash provided by operating activities was $2,104 million against $2,066 million a year ago. Total capital and exploratory expenditures were $1,224 million. Adjusted net income attributable to company of $878 million or $2.75 per share diluted against $1,189 million or $3.46 per share diluted a year ago. For the quarter, the company’s net production per day was 319,000 barrels of oil equivalent compared to 341,000 barrels of oil equivalent a year ago. Sales volumes per day was 325,000 barrels of oil equivalent and sales volumes was 29,578,000 barrels of oil equivalent against sales volumes per day was 347,000 barrels of oil equivalent and sales volumes was 31,601,000 barrels of oil equivalent a year ago. The company reported oil and gas production of 319,000 boepd was down from 341,000 boepd in the second quarter a year ago. Pro forma production was 310,000 boepd in the second quarter of 2014, up 17% from 265,000 boepd in 2013. For the first half, the company’s net production per day was 319,000 barrels of oil equivalent compared to 365,000 barrels of oil equivalent a year ago. Sales volumes per day was 315,000 barrels of oil equivalent and sales volumes was 57,010,000 barrels of oil equivalent against sales volumes per day was 370,000 barrels of oil equivalent and sales volumes was 66,959,000 barrels of oil equivalent a year ago. The corporation expects pro forma production to average between 305,000 boepd and 315,000 boepd in 2014 driven by continued growth in the Bakken, higher production from the Valhall Field and the planned start-up of the Tubular Bells Field in the Gulf of Mexico in the third quarter of 2014.

Hess Planning To Get Assets Listed

Hess Corporation (NYSE:HES) is planning to get assets listed. The company said that it plans to form a publicly traded master limited partnership (MLP) comprising of its pipeline and storage assets in North Dakota's Bakken oil shale field. It added that MLP expected to file a registration statement with the U.S. Securities and Exchange Commission in the fourth quarter of 2014 and an Initial Public Offering (IPO) will likely be launched in the first quarter of 2015. The company also stated that it would retain a majority stake in the pipeline MLP.

Hess Corporation to Report Q2, 2014 Results on Jul 30, 2014

Hess Corporation announced that they will report Q2, 2014 results at 12:30 PM, GMT Standard Time on Jul 30, 2014

 

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HES:US $100.07 USD +0.67

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Industry Analysis

HES

Industry Average

Valuation HES Industry Range
Price/Earnings 12.7x
Price/Sales 1.4x
Price/Book 1.3x
Price/Cash Flow 4.1x
TEV/Sales 1.0x
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