Last €59.98 EUR
Change Today +2.78 / 4.86%
Volume 0.0
AHC On Other Exchanges
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As of 3:19 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

hess corp (AHC) Snapshot

Open
€57.39
Previous Close
€57.20
Day High
€59.98
Day Low
€57.24
52 Week High
09/4/14 - €78.59
52 Week Low
12/16/14 - €50.27
Market Cap
17.9B
Average Volume 10 Days
38.4
EPS TTM
--
Shares Outstanding
299.0M
EX-Date
12/15/14
P/E TM
--
Dividend
€0.91
Dividend Yield
1.27%
Current Stock Chart for HESS CORP (AHC)

hess corp (AHC) Details

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil and natural gas worldwide. The company operates through 722 wells. As of December 31, 2013, it had total proved reserves of 1,437 million barrels of oil equivalent. The company was founded in 1920 and is headquartered in New York, New York.

Founded in 1920

hess corp (AHC) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $3.0M
President and Chief Operating Officer of Expl...
Total Annual Compensation: $1.4M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $1.2M
Senior Vice President and General Counsel
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2013.

hess corp (AHC) Key Developments

Hess Corporation Announces Unaudited Consolidated Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Production Guidance for the First Quarter and Full Year of 2015; Provides Financial Guidance for the First Quarter and Full Year of 2015

Hess Corporation announced unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net loss attributable to company of $8 million or $0.03 per diluted share compared to net income attributable to company of $1,925 million or $5.76 per diluted share reported in the same period last year. Total revenues and non-operating income was $2,528 million against $3,108 million reported last year. Income from continuing operations before income taxes was $176 million against $278 million reported last year. Loss from continuing operations was $5 million against income from continuing operations of $911 million reported last year. Net cash provided by operating activities was $1,057 million against $1,550 million reported last year. Adjusted earnings attributable to company was $53 million or $0.18 per diluted share compared to $319 million or $0.96 per diluted share reported in the same period last year. Capital and exploratory expenditures in the fourth quarter of 2014 were $1.7 billion, up from $1.5 billion in the fourth quarter of 2013, as a result of increased drilling activity in the Bakken. For the year, the company reported net income attributable to company of $2,317 million or $7.53 per diluted share compared to $5,052 million or $14.82 per diluted share reported in the same period last year. Total revenues and non-operating income was $11,439 million against $14,028 million reported last year. Income from continuing operations before income taxes was $2,436 million against $4,601 million reported last year. Income from continuing operations was $1,692 million against $4,036 million reported last year. Net cash provided by operating activities was $4,464 million against $4,870 million reported last year. Adjusted earnings attributable to company was $1,308 million or $4.25 per diluted share compared to $1,892 million or $5.55 per diluted share reported in the same period last year. For the year, capital and exploratory expenditures from continuing operations were $5.6 billion, which is down 10% from 2013. For the quarter, total net production per day was 241,000 compared to 197,000 a year ago. Oil and gas production was 362,000 barrels of oil equivalent per day (boepd) compared with 307,000 boepd in the fourth quarter of 2013. Bakken oil and gas production was 102,000 boepd, up approximately 50% from the fourth quarter of 2013. Total natural gas liquids production was 32 barrels compared to 16 barrels a year ago. Total natural gas production was 531 mcf compared to 565 mcf a year ago. For the year, total net production per day was 220,000 compared to 225,000 a year ago. Total natural gas liquids production was 24 barrels compared to 17 barrels a year ago. Total natural gas production was 513 mcf compared to 565 mcf a year ago. For 2015, the corporation expects production, excluding Libya, to average between 350,000 boepd to 360,000 boepd in 2015, an increase of 10% to 13% from pro forma production of 318,000 boepd in 2014. The increased production in 2015 will be driven by a full year of production from the Tubular Bells Field in the Gulf of Mexico following first production in late 2014. The company forecasts net production in the first quarter of 2015 to average between 330,000 and 340,000 barrels of oil equivalent per day, which takes into account planned maintenance in the deepwater Gulf of Mexico and the North Sea. The corporation’s capital and exploratory expenditures budget is $4.7 billion which represents a 16% decrease from 2014. The E&P effective tax rate, excluding items affecting comparability, is expected to be a benefit in the range of 38% to 42%, excluding Libyan operations for 2015. The company's interest expenses are estimated to be in the range of $205 million to $215 million net of taxes. The effective tax rate for the first quarter of 2015 is expected to be a benefit in the range of 40% to 44%. The company's interest expenses are estimated to be in the range of $50 million to $55 million net of taxes.

Hess Corporation and its Wholly-Owned Subsidiaries Enters into Five-Year Credit Agreement with JPMorgan Chase Bank, N.A

On January 21, 2015 Hess Corporation and certain of its wholly-owned subsidiaries entered into a five-year credit agreement with the lenders party thereto and JPMorgan Chase Bank, N.A. The Credit Agreement provides for the extension of credit to the company by the lenders thereunder in the form of committed revolving loans or uncommitted competitive loans, by the swingline lenders thereunder in the form of swingline loans and by issuing banks thereunder in the form of letters of credit in an aggregate amount of up to $4 billion. Borrowings under the Revolving Credit Facility bear interest at the applicable interest rates plus the applicable margins specified in the Credit Agreement, which generally vary based on the credit rating of the company's senior, unsecured, non-credit enhanced long-term debt. The revolving credit facility includes an accordion feature, pursuant to which the aggregate commitments may be increased by up to an additional $1 billion under certain circumstances. The Credit Agreement expires on January 21, 2020, unless earlier terminated or extended in accordance with its terms. The credit agreement replaces the company's existing $4 billion five-year credit Agreement dated as of April 14, 2011, among the company, the subsidiaries party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A. which was terminated on the Effective Date. The company did not pay any prepayment penalties in connection with the termination of the 2011 credit agreement.

Hess Corporation to Report Q4, 2014 Results on Jan 28, 2015

Hess Corporation announced that they will report Q4, 2014 results at 10:00 AM, Eastern Standard Time on Jan 28, 2015

 

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Industry Analysis

AHC

Industry Average

Valuation AHC Industry Range
Price/Earnings 12.7x
Price/Sales 1.8x
Price/Book 0.9x
Price/Cash Flow 3.6x
TEV/Sales 1.1x
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