Hess Corporation (HES) is an integrated energy company engaged in oil and gas Exploration & Production (“E&P”) and refining as well as marketing. The company’s E&P activities are concentrated in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States.
Currently, Hess Corporation has a Zacks Rank #3 (Hold) but that could change following its second quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Hess Corporation beats on earnings. Loss per share from continuing operations (excluding special items) came in at 52 cents, above the Zacks Consensus Estimate of a loss of 70 cents.
Revenue: Revenues of $1,935 million came above the Zacks Consensus Estimate of $1,637 million.
Key Stats: Quarterly production was 391 thousand barrels of oil equivalent per day, up 23% year over year.
Check back later for our full write up on this Hess Corporation earnings report later!
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