Hess Corp. (HES) Tops Q2 EPS by 7c

Hess Corp. (HES) PT Raised to $83 at Wells Fargo

July 26, 2018 9:31 AM EDT

Wells Fargo raised its price target on Hess Corp. (NYSE: HES) to $83.00 (from $79.00) while maintaining a Outperform rating.

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Exclusive: Occidental Petroleum explores sale of pipeline assets - sources

July 24, 2018 3:26 PM EDT

By David French and Jessica Resnick-Ault

(Reuters) - Occidental Petroleum Corp (NYSE: OXY) is exploring a sale of its pipeline assets, hoping to fetch more than $5 billion and free up capital to invest in exploration and production as oil prices rebound, people familiar with the matter said on Tuesday.

Occidental's decision to shed the assets is the latest example of an oil company balking at the capital expenditure required to maintain U.S. pipelines, which... More

Mizuho Securities Starts Hess Corp. (HES) at Neutral

July 23, 2018 4:10 PM EDT

Mizuho Securities initiates coverage on Hess Corp. (NYSE: HES) with a Neutral rating and a price target of $80.00.

For an analyst ratings summary and ratings history on Hess Corp. click here. For more ratings news on Hess Corp. click here.

Shares of Hess Corp. closed at $64.04 yesterday.

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Hess Corp. (HES) Increases Resource Estimate for Stabroek Block, Offshore Guyana

July 23, 2018 8:15 AM EDT

Hess Corporation (NYSE: HES) today announced an increased estimate of gross discovered recoverable resources for the Stabroek Block, offshore Guyana to more than 4 billion barrels of oil equivalent, up from the previous estimate of 3.2 billion barrels of oil equivalent.

The increase follows completion of testing at the Liza-5 appraisal well, a discovery at Ranger, incorporation of results from the eighth discovery on the Block at the Longtail exploration well into the Turbot area evaluation, and completion of the Pacora discovery evaluation. This evaluation supports a third phase of development and consideration of... More