| Elliott seeks to remove CEO John Hess of Hess Corp: WSJ | |
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(Reuters) - Activist investor Elliott Management Corp is readying for a new fight with U.S. oil and gas producer Hess Corp (HES.N) hoping it can remove its Chief Executive John Hess, or push him to sell all or part of the company, the Wall Street Journal reported on Thursday. New-York based Elliott, which owns 6.7 percent of Hess, is seeking changes including a dividend cut in "favor of stock buybacks", the Journal reported, citing people familiar with the matter. A Hess spokeswoman was not immediately available to comment. Elliott Management had earlier called for the break up of the company and said it may nominate directors to its board.
(Reporting by Karina Dsouza in Bengaluru) |
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Hess Corporation
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CODE : HES |
ISIN : US42809H1077 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hess Corp. is a and oil exploration company based in United states of america. Hess Corp. is listed in Germany and in United States of America. Its market capitalisation is US$ 47.8 billions as of today (€ 44.9 billions). Its stock quote reached its lowest recent point on November 17, 1989 at US$ 10.06, and its highest recent level on April 18, 2024 at US$ 151.78. Hess Corp. has 315 053 615 shares outstanding. |