- Reuters
Chevron-target Hess reports Q1 profit beat on higher production
Hess Corp reported a first-quarter profit on Thursday that beat analysts' estimates, helped by higher production from the oil and gas company that is set to be acquired by U.S. energy major Chevron in a $53 billion deal. Net production at Hess jumped 27.3% to 476,000 barrels of oil equivalent per day (boepd) in the quarter, primarily due to higher production in Guyana and the Bakken oil field in the United States. Hess' lucrative assets in oil-rich Guyana have sparked a major corporate tug-of-war among large North American energy firms.
- Zacks
Breaking Down Q1 Earnings Results
The picture emerging from the Q1 earnings season is one of steady improvement and resilience, with the earnings growth pace modestly accelerating and estimates for the coming periods starting to increase. But will the positivity continue?
- Reuters
UPDATE 1-Hess sets April 12 record date for shareholder vote on Chevron merger
Hess Corp on Wednesday said its board has set April 12 as the record date for the determination of the stockholders entitled to vote on the proposed merger with Chevron Corp. Shareholders will vote on the proposed deal in a meeting whose date is yet to be set, the company said in a U.S. securities filing. Neither Chevron nor Hess can predict the actual date on which the transaction will be completed, it said in the filing.
