From StockTwits: 2025-01-29 09:36:14

Energy firm Hess Corp (HES) reported upbeat fourth-quarter earnings, with revenue rising 6% YoY to $3.23 billion and adjusted EPS at $1.76, beating analyst estimates. Net income also rose 31% YoY to $542 million, driven by higher production volumes. Oil and gas net production saw an 18% YoY increase, with Bakken’s net production up 7% and Guyana’s up 52%. E&P’s net production for Q1 2025 is projected to be 465,000 to 475,000 boepd. Additionally, oil and gas proved reserves as of Dec. 31, 2024, stood at 1.44 billion boe. Hess shares have seen a 7% increase this year.



Read more at StockTwits: Hess Announces Upbeat Q4 Report, Reveals 18% Rise In Oil And Gas Production: Retail’s Exuberant