Hess Shares Gain On Earnings, New Guyana Discovery ...Middle East

OILPRICE - Economy
Hess Shares Gain On Earnings, New Guyana Discovery
source : OILPRICE ( Middle East ) () 29
Hess Corporation (NYSE:HES) beat Wall Street estimates in its first-quarter earnings report released on Wednesday and added another discovery in offshore Guyana to its production portfolio, though the good news failed to boost share prices in early morning trading.  Despite first-quarter oil prices that were some 20% lower than in 2022, Hess reported Q1 earnings of $346 million, or $1.13 per share, soundly beating analyst estimates of around $1.06 per share, based on data from Refinitiv.  However, these figures compare to Q1 2022 net…

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