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NEW YORK (AP) -- Hess Corp. (HES) on Wednesday reported a fourth-quarter loss of $8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 18 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The oil and gas producer posted revenue of $2.53 billion in the period.
For the year, the company reported profit of $2.32 billion, or $7.53 per share. Revenue was reported as $11.44 billion.
Hess shares have decreased 3 percent since the beginning of the year, while the Standard & Poor's 500 index has declined slightly more than 1 percent. The stock has dropped slightly more than 5 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HES at http://www.zacks.com/ap/HES
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Keywords: Hess, Earnings Report
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Hess Corporation
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CODE : HES |
ISIN : US42809H1077 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hess Corp. is a and oil exploration company based in United states of america. Hess Corp. is listed in Germany and in United States of America. Its market capitalisation is US$ 48.5 billions as of today (€ 45.5 billions). Its stock quote reached its lowest recent point on November 17, 1989 at US$ 10.06, and its highest recent level on April 19, 2024 at US$ 153.81. Hess Corp. has 315 053 615 shares outstanding. |