FKnol.com

Financial Knowledge & Information Portal

Hess (HES) Company Profile

Updated Mar 8, 2019
Hess has the following business profile:
Company's Full Name:Hess Corporation
Short Name:Hess
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
Dividend Payments:Dividend History

Market and Trading Information for Hess

The following details were available for trading and market data about the stock of Hess as of writing:
Current Share Price:$55
Previous Year's Closing Price:$40.5
Percentage Price Change (YTD):35.8%
Market Cap:$16.67 billion
52-week Price Range:$35.59 - $74.81
Dividend Per Share:$1
EPS (TTM):1.1
Price-Earnings (Trailing):0
Price-Earnings (Forward):50.93

Company Profile and Business Description for Hess

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.

Africa

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.

1185 AVENUE OF THE AMERICAS

Peer / Competitor Companies of Integrated oil Companies Sector

Along with Hess Corporation, the following other peer (competitor) companies also exist within the same Integrated oil Companies - Energy sector whose company profile and dividend history is as follows:

▶ Alon USA Energy (ALJ): Alon USA Energy, Inc., incorporated on July 20, 2000, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the ....See Detailed Company Profile  and Dividend History.

▶ Alon USA Partners LP (ALDW): Alon USA Partners, LP (Alon), incorporated on August 17, 2012, is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas. The Company had a ....See Detailed Company Profile  and Dividend History.

▶ Baker Hughes (BHGE): Baker Hughes, a GE Company, incorporated on October 28, 2016, is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. ....See

▶ 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.

▶ BP Prudhoe Bay Royalty Trust (BPT): BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil fi....See Detailed Company Profile  and Dividend History.

▶ Calumet Specialty Products (CLMT): Calumet Specialty Products Partners, L.P., incorporated on September 27, 2005, is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products ....See Detailed Company Profile  and Dividend History.

▶ Chevron (CVX): Chevron Corporation (Chevron), incorporated on January 27, 1926, manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries ....See Detailed Company Profile  and Dividend History.

▶ China Petroleum and Chemical (SNP): China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China. It operates through five s....See Detailed Company Profile  and Dividend History.

▶ ConocoPhillips (COP): ConocoPhillips, incorporated on November 16, 2001, is an independent exploration and production (E&P) company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas ....See Detailed Company Profile  and Dividend History.

▶ CVR Energy (CVI): CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertiliz....See Detailed Company Profile  and Dividend History.

▶ CVR Refining LP (CVRR): CVR Refining, LP, incorporated on September 17, 2012, is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is ....See Detailed Company Profile  and Dividend History.

▶ Delek US (DK): Delek US Holdings, Inc., incorporated on April 10, 2001, is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and ....See Detailed Company Profile  and Dividend History.

▶ Exxon Mobil (XOM): Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada Other Americas, Europe, Africa, Asia, and Australia Oceania. It operates through Upst....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.

▶ Suncor Energy (SU): Suncor Energy Inc. (Suncor), incorporated on August 1, 2009, is an integrated energy company. The Company is focused on developing Canadas petroleum resource basin, Athabasca oil sands. The Company operates ....See Detailed Company Profile  and Dividend History.

... See Full List of All Stocks of Integrated oil Companies Sector.

Stock List of Other Energy Sub-sectors

▶ Stocks of Sector

▶ Stocks of Coal Mining Sector

▶ Stocks of Consumer Electronics and Appliances Sector

▶ Stocks of Drilling Sector

▶ Stocks of Electric Utilities Sector

▶ Stocks of Industrial Machinery and Components Sector

▶ Stocks of Integrated Oil Companies Sector

▶ Stocks of Metal Fabrications Sector

▶ Stocks of Natural Gas Distribution Sector

▶ Stocks of Oil and Gas Sector

▶ Stocks of Oil and Gas Exploration Sector

▶ Stocks of Oil and Gas Production Sector

▶ Stocks of Oil Refining and Marketing Sector

▶ Stocks of Oilfield Services and Equipment Sector


Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector