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CVX / Chevron takeover-target Hess results comfortably beat expectations

Chevron takeover-target Hess results comfortably beat expectations
Chevron's (NYSE:CVX) $53 billion takeover deal, announced Monday, somewhat stole the thunder from today's earnings release at Hess Corp (NYSE:HES), nevertheless, third-quarter financial results confirm that the takeover target is in rude health. On daily net production of 395,000 barrels oil equivalent per day, versus 351,000 barrels this time last year, Hess generated $504 million ($1.67 per share) of net income for the three-month period with revenue reported at $2.84 billion. Read More
Posted: Oct 25 2023, 09:54
Author Name: Proactive Investors
Views: 110793

CVX News  

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By Seeking Alpha
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Dividend investors have a chance to upgrade their portfolios with high-quality dividend growth stocks at bargain prices. The recent drop in long-term more_horizontal

Buy Chevron Stock. It's Been Punished Enough for Earnings, Hess Deal.

By Barrons
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Buy Chevron Stock. It's Been Punished Enough for Earnings, Hess Deal.

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By Zacks Investment Research
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By InvestorPlace
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By Reuters
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Chevron struggles to exit Myanmar gas project after nearly two years

Nearly two years after U.S. energy company Chevron condemned violence and human rights abuses in Myanmar and announced it would leave, the company sai more_horizontal

Earnings Growth Turns Positive

By Zacks Investment Research
November 1, 2023

Earnings Growth Turns Positive

With more than 60% of the Q3 results already out, earnings growth for the quarter is on track to turn positive despite the significant Energy sector d more_horizontal

Earnings Growth Turns Positive

By Zacks Investment Research
November 1, 2023

Earnings Growth Turns Positive

With more than 60% of the Q3 results already out, earnings growth for the quarter is on track to turn positive despite the significant Energy sector d more_horizontal


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