Hess Q1 Earnings Trump Forecasts Ahead of Acquisition by Chevron

📆 25/04/2024 16:02:00
📰 OilandEnergy

⏱ Reading Time:
18 sec. here
11 min. at publisher
📊 Quality Score:
News: 42%
Publisher: 68%

Hess Notícia

Earnings,Forecasts,Chevron

Hess Corporation reported better-than-expected earnings in the first quarter of 2024 as the planned acquisition by Chevron drags on.

Hess Corporation NYSE HES reported on Thursday much higher-than-expected net income for the first quarter of 2024 amid soaring oil and gas production, as the planned acquisition by U.S. supermajor Chevron drags on. Hess Corporation posted a net income of $972 million, or $3.16 per share, in the first quarter of 2024, compared with net income of $346 million, or $1.13 per share, in the first quarter of 2023.

Due to the pending merger with Chevron, Hess will not host a conference call to review its first-quarter 2024 results. The Guyana and Bakken assets were the drivers of Chevron’s acquisition offer for Hess in an all-stock megadeal valued at $53 billion. However, the Guyana assets have become the bone of contention between Chevron and the other U.S.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Hess Board Recommends Merger With ChevronThe board of directors at Hess Corp unanimously recommended that shareholders vote in favor of the merger with Chevron, a deal that Exxon is currently challenging.
Fonte: OilandEnergy - 🏆 34. / 68 Consulte Mais informação »