Leading U.S. shale operator, Hess Corp.
has posted yet another impressive earnings report, with its stake in prolific Guyana helping it exceed estimates. Hess reported Q3 2024 non-GAAP EPS of $2.14, beating the Wall Street consensus by $0.37 while revenue of $3.2B 12.7% Y/Y beat by $160M. The company’s profits, however, fell slightly due to lower oil and gas prices net income during the quarter clocked in at $498 million, or $1.62 per share, compared with net income of $504 million, or $1.64 per share, in the third quarter of 2023.
despite the deal being challenged by its leading Guyana partner, Exxon Mobil Corp. By Alex Kimani for Oilprice.com
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