Hess Corporation

Hess Corporation

HES

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Market Cap$46.07B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Hess CorporationHess Corporation47.30.34%12%3.70.5

Earnings Call Q2 2023

July 26, 2023 - AI Summary

Hess Corporation reported strong operational performance in the second quarter, with net production averaging 387,000 barrels of oil equivalent per day, exceeding guidance.
The company expects full-year 2023 net production to average between 385,000 and 390,000 barrels of oil equivalent per day, up from previous guidance, primarily due to strong performance in the first half and the expected start-up of the Payara development in Guyana.
Hess has a robust inventory of high-return drilling locations in the Bakken, and it plans to steadily grow net production to approximately 200,000 barrels of oil equivalent per day by 2025. It will continue operating a four-rig program to optimize infrastructure and generate significant levels of free cash flow.

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$122.78

Current Fair Value

17.6% downside

Overvalued by 17.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$46.07 Billion
Enterprise Value$53.88 Billion
Dividend Yield$2.00 (0.34%)
Earnings per Share$9.02
Beta0.63
Outstanding Shares308,600,000

Return

Return on Equity12.36%ROE
Return on Assets8.21%
Return on Invested Capital14.84%

Valuation & Multiples

P/E Ratio47.3P/E Ratio
PEG-84.82PEG
Price to Sales3.72Price to Sales
Price to Book Ratio2.57Price to Book Ratio
Enterprise Value to Revenue4.29
Enterprise Value to EBIT13.61
Enterprise Value to Net Income24
Total Debt to Enterprise0.17
Debt to Equity0.51Debt to Equity

Revenue Sources

No data

Insider Trades

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.5687 89.46%
Total Calls2,259,323 38.46%
Total Puts5,803,600 2.69%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %81.48% 0.16%
Total Invested$34.75B 13.27%
Investors Holding887 42.00%

ESG Score

No data

About Hess Corporation

CEO: John Hess

Relevant Senate Committees

Joint Committee on Taxation

This committee's analysis and 'scoring' of tax legislation directly influence corporate tax structures, capital investment credits, and the overall tax burden, which are critical factors for Hess's financial performance and strategic planning.

Finance

This powerful committee controls taxation and trade policy. Changes in corporate tax rates, energy-specific tax credits, or tariffs on energy products would directly and significantly impact Hess's profitability and operations.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC, which regulates the derivatives/futures markets. Energy companies like Hess heavily utilize these markets for hedging and trading, making their regulation directly impactful.

Judiciary

This committee oversees antitrust laws and the DOJ, which is crucial for large companies like Hess involved in mergers and acquisitions, directly influencing their ability to grow or consolidate.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and the Department of Energy, which are critical areas regulating the operations, leasing, and development for oil and gas companies like Hess.

Environment and Public Works

This committee regulates the EPA, which imposes significant environmental regulations on petroleum refineries and exploration/production activities, directly impacting Hess's operational costs and compliance.

Foreign Relations

U.S. foreign policy, sanctions (e.g., on oil-producing nations), and international relations directly impact global energy prices and the operational environment for companies like Hess with international assets and sales.