Hess Corporation announces regular quarterly dividend

NEW YORK - Hess Corporation (NYSE: HES), an independent global energy company with a market capitalization of $43.35 billion, has declared a regular quarterly dividend of 50 cents per share on its Common Stock. The dividend is payable on March 31, 2025, to shareholders of record at the close of business on March 17, 2025. According to InvestingPro data, the company has maintained dividend payments for 38 consecutive years, with the current yield at 1.4%.

This announcement follows the company’s consistent practice of returning value to its shareholders through regular dividends. Hess Corporation specializes in the exploration and production of crude oil and natural gas, with operations spanning the globe.

The dividend declaration is a routine aspect of the company’s financial management and reflects its ongoing commitment to its shareholders. The company’s strategic operations and financial policies are geared towards sustainable growth and profitability in the energy sector.

Investors and shareholders continue to monitor Hess Corporation’s performance as it navigates the dynamic energy market, maintaining its position as a significant player in the exploration and production space.

This financial update is based on a press release statement from Hess Corporation.

In other recent news, Hess Corporation reported fourth-quarter earnings that exceeded analyst expectations, with an adjusted earnings per share (EPS) of $1.76, surpassing the consensus estimate of $1.65. The company’s revenue also topped forecasts, coming in at $3.23 billion against the expected $2.96 billion. Hess achieved a production volume of 495,000 barrels of oil equivalent per day, marking an 18% increase from the previous year, primarily due to higher output in Guyana and the Bakken. However, the company has forecasted a decrease in production for the first quarter of 2025, estimating between 465,000 and 475,000 barrels per day, influenced by planned maintenance and winter weather impacts.

Raymond James maintained a Market Perform rating on Hess, noting the company’s strong operational performance but adjusting future production estimates due to weather and maintenance factors. Meanwhile, CFRA raised its price target for Hess shares to $154, maintaining a Hold rating, citing uncertainties related to Chevron’s acquisition of Hess. The legal dispute over Guyana assets between Chevron and Exxon Mobil is also highlighted as a concern for Hess’s stock performance.

Hess’s ongoing expansion in the Stabroek Block in Guyana continues to be a focus, with Raymond James adjusting its capital expenditure forecast to approximately $4.5 billion. The anticipated merger with Chevron is another significant development, with arbitration hearings set to begin in May and a conclusion expected by early September. These recent developments underscore the dynamic environment in which Hess is operating.

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