Skip to Content
Morningstar

Hess Corp HES Stock Quote

Morningstar Rating
| Rating as of

Morningstar‘s Stock Analysis HES

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Hess Has Four Sanctioned Developments in Guyana (and Counting)

Business Strategy and Outlook

| Dave Meats, CFA |

Hess' track record for efficiently allocating capital and generating value has been steadily improving for several years. This had been a source of frustration for shareholders in the past. Before 2012, the firm was struggling with persistent budget overruns and costly exploration failures, and the eventual collapse in its share price led to a heated proxy fight with an activist investor (which it lost). Subsequently, the board was reshuffled and management began streamlining the company, selling midstream and downstream assets and rationalizing its upstream portfolio. The current portfolio is substantially more competitive, but the development cost requirements are heavily front-load.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics HES

More

Company Profile HES

Business Description

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2021, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 315 thousand barrels of oil equivalent per day in 2021, at a ratio of 69% oil and natural gas liquids and 31% natural gas.

Contact
1185 Avenue of the Americas
New York, NY, 10036
T +1 212 997-8500
Sector Energy
Industry Oil & Gas E&P
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 1,545

Related News HES

Market Update

Markets Review/Preview: All Eyes on the Jobs Report

More strong readings on the labor market are expected as the Fed is seen moving higher, faster on rates.
Jakir Hossain
Market Update

15 Energy Stocks You Should Avoid

Thanks to a big rally, long-underperforming energy stocks are now starting to look expensive.
Jakir Hossain
Fund Spy

Funds with Big Energy Bets

These diversified funds have gone all-in on energy stocks, and that has (mostly) given them a boost in 2021.
David Kathman
Sustainability Matters

SEC Decision Will Strengthen Investor Proxy Action on Companies' Climate Targets

What the SEC's reversal of Trump-era restrictions on shareholder resolutions means for the 2022 proxy season.
Jackie Cook
Market Update

3 Sectors With the Biggest Fair Value Increases

As second-quarter earnings season winds down, we take a look at our analysts’ valuation changes across sectors.
Jakir Hossain
Sustainability Matters

Why Sustainable Investors Should Keep an Eye on the SEC

The government plays a key role in ESG proxy voting.
Jackie Cook
Stock Strategist Industry Reports

What E&Ps Can Learn From Big Tobacco

Here's a playbook for exploration and production companies to restore investor confidence.
Stephen Ellis
Stock Strategist Industry Reports

U.S. Oil and Gas Doesn't Need a Trump Win to Thrive

Weaning America off fossil fuels will take decades, even if Democrats sweep Congress in November.
Dave Meats
Fund Spy

Dodge & Cox Stock Remains Best in Class

This gutsy fund retains its Gold rating.
Tony Thomas
Stock Analyst Update

Storage Fears Spark Epic Collapse for WTI Crude

Widespread social distancing due to the coronavirus has dragged down gasoline consumption and storage utilization is rapidly climbing.
Dave Meats
Fund Spy

This Fund Is Better Than It Looks

Bronze-rated Artisan Value practices a valuation-sensitive, consistent approach that stands out from the pack.
Dan Culloton
Stock Strategist

Closer Look at Hess' Guyana Stake Raises Our FVE

But while the expanded development plan is accretive to our net asset value, we still see little upside remaining.
Dave Meats
Fund Spy

Funds That Go Moatless

Price discipline can offset some of the risks of investing in no-moat firms.
Andrew Daniels
Fund Spy

First Quarter in U.S. Equity Funds: Growth Dominates Value

After a tough 2016, growth made a comeback in 2017's first quarter.
Andrew Daniels
Fund Times

BlackRock Equity Dividend Fund Refines Its Process

Despite an upcoming management change, we are maintaining our Bronze rating on this value-oriented dividend fund.
Dan Culloton
Fund Times

Our Take on the Fund Manager of the Year Winners

Morningstar analysts explain what makes the award winners stand out.
Morningstar.com
Stock Strategist

Oil and Gas Price Outlook: Updating Our Near-Term Methodology for Forecasting Prices

In isolation, this will be a valuation tailwind for our coverage, but in most cases it will be modest.
Stephen Simko
Credit Insights

Deluge of New Issues Pressures Corporate Credit Spreads

New issue supply starting to overwhelm demand.
David Sekera
Investing Specialists

Top Holdings of Four All-Weather Ultimate Stock-Pickers

While more than one third of these top fund managers are outperforming this year, four of them stand out from the rest given their ability to outperform the market over almost all time periods.
The Morningstar Ultimate Stock-Pickers Team
Stock Strategist

This Stock's Strategy Is Riskier Than the Market Thinks

The growth of light crude output could put further pressure on U.S. (and especially North Dakota) oil prices in 2014-15, hindering near-term growth for this firm.
Stephen Simko