Hess Corp HES

Energy Oil & Gas E&P

Hess Corporation is an exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations located in the United States (U.S.), Guyana, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. The Company operates through two segments: E&P and Midstream. The E&P operating segment explores for, develops, produces, purchases and sells crude oil, NGL and natural gas. The Midstream operating segment provides fee-based services, including gathering, compressing and processing natural gas and fractionating NGL; gathering, terminating, loading and transporting crude oil and NGL; storing and terminating propane, and water handling services primarily in the Bakken shale play of North Dakota. The Company conducts exploration activities primarily offshore Guyana, in the U.S. Gulf of Mexico, and offshore Suriname.

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Hess Corp > Hess - an excellent investment

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Post by Lovedaleon Feb 26, 2022 2:35am

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Post# 34463943

Hess - an excellent investment

At the end of 2021, the company reported net proved reserves of 1.3 billion barrels of reserveduction and net production of 315 thousand barrels.
These numbers will improve dramatically this year. I believe reserves will bee updated to + 4 billion barrels and production will increase to 600 thousands barrels, maybee more. This has not been reflected in the MCAP. At this point a 100% increase within next twelwe months is a moderate statement.

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