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Hess Corp. (HES) Company Profile

Updated May 3, 2019
Hess Corp. has the following business profile:
Company's Full Name:Hess Corporation
Short Name:Hess Corp.
Trading Ticker Symbol:HES
Primary Exchange:NYSE
Headquarter City/Country:New York, NY
Primary Industry Sector:Energy
Seconday Sub-sector:Integrated oil Companies
Main Business Areas: Energy, Integrated oil Companies, Oil & Gas E&P, Natural Resources
Dividend Payments:Dividend History

Market and Trading Information for Hess Corp.

The following details were available for trading and market data about the stock of Hess Corp. as of writing:
Current Share Price:$63.23
Previous Year's Closing Price:$40.5
Percentage Price Change (YTD):56.12%
Market Cap:$19.19 billion
52-week Price Range:$35.59 - $74.81
Dividend Per Share:$1
EPS (TTM):0.62
Price-Earnings (Trailing):0
Price-Earnings (Forward):34.74

Company Profile and Business Description for Hess Corp.

Hess Corporation, incorporated on February 7, 1920, is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company's segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, Equatorial Guinea, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway. The Bakken Midstream segment provides fee-based services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of NGLs, transportation of crude oil by rail car, terminaling and loading crude oil and NGLs, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota.

The Company's Bakken Midstream assets include Natural Gas Gathering and Compression, Crude Oil Gathering, Tioga Gas Plant, Mentor Storage Terminal, Ramberg Terminal Facility, Tioga Rail Terminal, Crude Oil Rail Cars and Johnson's Corner Header System. A natural gas gathering and compression system located primarily in McKenzie, Williams and Mountrail Counties, North Dakota connects the Company and third-party owned or operated wells to the Tioga Gas Plant and third-party pipeline facilities. A crude oil gathering system located primarily in McKenzie, Williams and Mountrail Counties, North Dakota, connects Hess and third-party owned or operated wells to the Ramberg Terminal Facility, the Tioga Rail Terminal. As of December 31, 2016, a natural gas processing and fractionation plant was located in Tioga, North Dakota, with a processing capacity of 250 million cubic feet per day (mmcfd) and fractionation capacity of 60,000 barrels of oil equivalent per day (boepd). As of December 31, 2016, a propane storage cavern and rail and truck loading and unloading facility was located in Mentor, Minnesota, with approximately 328,000 barrel of oil equivalent (boe) of working storage capacity. Ramberg Terminal Facility is a crude oil pipeline and truck receipt terminal located in Williams County, North Dakota that is capable of delivering up to 282,000 barrels of oil per day (bopd) of crude oil into an interconnecting pipeline for transportation to the Tioga Rail Terminal and to multiple third-party pipelines and storage facilities. Tioga Rail Terminal is a 140,000 bopd crude oil and 30,000 boepd NGL rail loading terminal in Tioga, North Dakota that is connected to the Tioga Gas Plant, the Ramberg Terminal Facility and its crude oil gathering system. As of December 31, 2016, a total of 550 crude oil rail cars, which it operated as unit trains consisted of approximately 100 to 110 crude oil rail cars. It is constructing the Johnson's Corner Header System, a crude oil pipeline header system located in McKenzie County, North Dakota.

United States

The Company's production in the United States is from onshore properties, principally in the Bakken oil shale play in the Williston Basin of North Dakota, the Utica Basin of Ohio, the Permian Basin of Texas and offshore properties in the Gulf of Mexico. As of December 31, 2016, the Company held 577,000 net acres in the Bakken with varying working interest percentages. As of December 31, 2016, it owned a working interest in approximately 45,000 net acres in the wet gas area of the Utica Basin of Ohio. As of December 31, 2016, it operated and held an interest in the Seminole-San Andres Unit in the Permian Basin. As of December 31, 2016, it held interests in 76 blocks in the deepwater Gulf of Mexico. As of December 31, 2016, it held approximately 190,000 net undeveloped acres, of which leases covering approximately 85,000 acres are due to expire in the next three years.


The Company has production from the Okume and Ceiba Fields at its operated offshore Block G. It had drilled seven exploration wells on the block at its operated offshore Deepwater Tano/Cape Three Points license as of December 31, 2016.

Asia and Other

The Company's production in Malaysia comes from its interest in Block PM301, which is adjacent to and is unitized with Block A-18 of the JDA and its interest in Blocks PM302, PM325 and PM326B located in the North Malay Basin (NMB), offshore Peninsular Malaysia, where it operates a multi-phase natural gas development project. At the WA-390-P and WA-474-P blocks in the Carnarvon Basin, offshore Western Australia covering approximately 658,000 acres, it had drilled 13 natural gas discoveries and six appraisal wells.


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▶ BP PLC (BP): BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field de....See Detailed Company Profile  and Dividend History.

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▶ Gazprom Neft (GZPFY): Gazprom Neft' PAO is a vertically integrated oil company operating in the Russian Federation, Commonwealth of Independent States (CIS) and internationally. The Company's principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and marketing operations through its retail outlets. The Company manages its operations in two segments: Upstream and Downstream. ....See Detailed Company Profile  and Dividend History.

▶ HollyFrontier (HFC): HollyFrontier Corporation, incorporated on January 25, 1947, is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty ....See Detailed Company Profile  and Dividend History.

▶ Imperial Oil (IMO): Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explor....See Detailed Company Profile  and Dividend History.

▶ Marathon Petroleum (MPC): Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The ....See Detailed Company Profile  and Dividend History.

▶ PBF Energy (PBF): PBF Energy Inc. (PBF Energy), incorporated on November 7, 2011, is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical ....See Detailed Company Profile  and Dividend History.

▶ Phillips 66 (PSX): Phillips 66, incorporated on November 10, 2011, is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, ....See Detailed Company Profile  and Dividend History.

▶ Statoil ASA (STO): Statoil ASA (Statoil), incorporated on March 12, 1995, is an energy company. The Company is engaged in oil and gas exploration and production activities. The Companys segments include Development and ....See Detailed Company Profile  and Dividend History.

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