HES 📈 Hess - Overview

Hess Corporation is a multinational exploration and production company that engages in the discovery, development, and production of crude oil, natural gas liquids, and natural gas. The company's operations are organized into two primary segments: Exploration and Production, and Midstream. Its production activities are primarily concentrated in the United States, with significant operations in the Bakken Shale plays of North Dakota, as well as internationally in Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. Additionally, Hess conducts exploration activities in several key regions, including offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada, where it seeks to identify and develop new oil and gas reserves.

The company's Midstream segment is involved in a range of activities, including the gathering, compression, and processing of natural gas, as well as the fractionation of natural gas liquids. Hess also provides services related to the transportation and storage of crude oil and NGLs, utilizing rail cars and terminals to facilitate the movement of these commodities. Furthermore, the company offers water handling services, primarily in the Bakken Shale region, which is a critical component of the oil and gas production process. With a history dating back to 1920, Hess Corporation has established itself as a major player in the oil and gas industry, with a strong presence in key regions around the world and a commitment to responsible and sustainable operations.

As a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol HES, Hess Corporation is subject to the disclosure and regulatory requirements of the Securities and Exchange Commission. The company's common stock is classified under the GICS Sub Industry category of Oil & Gas Exploration & Production, reflecting its primary focus on the exploration, development, and production of oil and gas reserves. With a global presence and a diverse portfolio of assets, Hess Corporation is well-positioned to navigate the complexities of the energy industry and capitalize on emerging opportunities in the years ahead.