Hess Corporation (HES)

The most significant event impacting Hess Corp.'s stock in the past six months continues to be the pending acquisition by Chevron Corporation. Hess reported its Q4 2024 and Q1 2025 results, with a net income of $430 million ($1.39 per share) for Q1 2025. The company declared regular quarterly dividends of $0.50 per share. UBS Group raised its price objective for Hess, while Mizuho and Susquehanna decreased their price targets. The Chief Executive Officer sold 214,349 shares in June 2025. Several institutional investors adjusted their holdings.

Hess Corp.'s products are subject to predictable seasonal demand shifts within the energy market. Demand for heating oil and natural gas typically surges in winter due to colder temperatures. Gasoline demand generally increases in summer due to higher travel. Spring often sees seasonal peaks for crude oil as refineries prepare for the summer driving season. Demand for distillate fuels begins to rise in the fall due to agricultural harvest activities and the onset of colder weather. Broader macroeconomic conditions and geopolitical developments can also significantly influence the overall demand for crude oil and natural gas.

Hess Corporation is an American global independent energy company operating within the Energy and Utilities sector, specifically in the Oil and Gas Exploration & Production (E&P) industry. The company's main products include crude oil, natural gas, and natural gas liquids (NGLs). Historically, Hess was also involved in petrochemicals, propane, refining, and marketing, but it has since divested from these downstream operations.

Hess Corporation maintains a focused global presence with operations and exploration activities across several key regions. In the United States, the company has significant onshore operations in the Bakken shale play in North Dakota and offshore activities in the deepwater Gulf of Mexico. Internationally, Hess holds substantial positions offshore Guyana, particularly in the Stabroek Block, and conducts exploration activities offshore Suriname. In Southeast Asia, Hess is a major natural gas producer and supplier to Peninsular Malaysia and Thailand, with operations in the North Malay Basin and the Malaysia/Thailand Joint Development Area (JDA) on Block A-18 in the Gulf of Thailand.

Hess Corporation is recognized for its commitment to ESG performance and disclosure, and is considered an industry leader. The company has actively supported revenue transparency through its participation in the Extractive Industries Transparency Initiative (EITI) since 2004. A positive event impacting its reputation in March 2025 was the announcement of a five-year extension of a national healthcare initiative in Guyana. No significant negative events or controversies affecting Hess Corp.'s brand reputation were identified in the past year.

Hess Corporation's ownership is predominantly institutional, with 77.07% held by institutional shareholders. Insiders hold 36.49% of the company's stock, while retail investors hold 0.00%. The largest individual shareholder is John B. Hess, who owns 109.08 million shares, representing 35.27% of the company. Major institutional owners include Vanguard Group Inc., BlackRock Inc., State Street Corp, Adage Capital Partners GP LLC, Citadel Advisors LLC, HBK Investments L P, Primecap Management Co, Geode Capital Management LLC, and Pentwater Capital Management LP.