Hess Corporation (HES) has been prominent in the news due to its financial prospects, various acquisitions, and mergers, particularly with Chevron. Shareholders of Hess Corporation have narrowly approved its sale to Chevron with a 51% vote. This news has resulted in fluctuations in Hess's share value which has reportedly underperformed on certain days in comparison to its competitors. Hess also beat Q1 earnings, with an increase in 2023 production outlook and reporting a net income of $504 million in Q3 2023. Despite the positive financial outlook, Hess Corp faces legal hurdles and numerous disclosure deficiencies over the Chevron deal, which might lead to further entanglements. Furthermore, the corporation has been investing in social causes, with a donation of $5 million towards hurricane relief initiatives in New York and New Jersey.
Hess Corporation HES News Analytics from Mon, 23 Oct 2023 07:00:00 GMT to Sun, 02 Jun 2024 16:33:30 GMT -
Rating 6
- Innovation 1
- Information 9
- Rumor -4
