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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... see more

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Hess Corp > Hess - an excellent investment

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Post by Lovedale on Feb 26, 2022 2:35am

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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