Liam Denning, Columnist

Hess Holds On to Mixing it Up

Shale output keeps climbing, which should make OPEC nervous.

July 26, 2017 at 5:56 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

1501092332_GettyImages-494463268 — Photographer: Luke Sharrett

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"We're holding our own in the middle of the pack."

John Hess, CEO of his namesake oil and gas company, pushed back on Wednesday morning when Paul Sankey, an analyst with Wolfe Research, suggested investors weren't that into its "mixed business model." In several ways, Hess is correct. But the analyst still had a point.