Recently, Hess Corporation (HES) has seen significant growth in short interest and outperformed its industry in the past 6 months. The company's stock is a second-largest position for Packer & Co Ltd, seeing a number of acquisitions from investment firms, and is predicted to have huge growth potential. Meanwhile, despite a lawsuit accusing Hess of a $69 million revenue diversion, the company maintains solid attributes and growth opportunities that support its rebound. Similarly, amidst Chevronβs planned merger, Chevron purchased about 5% of Hess stocks, expressing confidence in the successful finalization of the merger. In Q1 of 2025, Hess provided an earnings preview and extended a massive healthcare initiative in Guyana, which further deepened its presence in the country. However, Continental Resources filed a $69 million lawsuit against Hess for fraud. Despite lower prices affecting earnings, Hess presented stable production figures in Q1 2025. Finally, arrangements are underway for the company's annual meeting and pending acquisition by Chevron, with Q1 2025 earnings and progress in Guyana reported.
Hess Corporation HES News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sun, 22 Jun 2025 00:24:01 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 2
