Replies to post #17466 on The Rising Influence of Rising Affluence

[DewDiligence]

HES’ having its HQ in NYC hasn’t made much sense since HES divested the downstream business and the (East Coast) Hess Express convenience stores. However, the Hess family still owns a lot of stock.

[DewDiligence]

Whoa—what's with that new handle?

[DewDiligence]

HES announces 2019 E&P budget—($2.9B—75% Bakken/Guyana)—and 2019 production guidance:

https://finance.yahoo.com/news/hess-announces-2019-e-p-130200350.html

Net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent per day in 2019, excluding Libya, compared to approximately 245,000 barrels of oil equivalent per day in 2018 proforma for the sale of the company’s joint venture interests in the Utica shale play. Bakken net production is forecast to average between 135,000 and 145,000 barrels of oil equivalent per day in 2019.

HES has an Investor Day webcast 12/12/18 at 2pm ET.