HESS (HES) Stocks
📊 Hess Corporation (formerly Amerada Hess Corporation), a multinational American energy company, was incorporated on February 7, 1920 and has its headquarters in New York City. The company is involved in the exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas.
📊 The company was established in 1919 by British oil entrepreneur Lord Cowdray as the Amerada Corporation to explore for oil in North America. The company was incorporated in Delaware as a holding company for its subsidiary the Amerada Petroleum Corporation.The company is engaged in exploration and production operations on-shore, in the U.S. and Libya, and off-shore in the Gulf of Mexico, Canada, South America, Denmark and Southeast Asia (Malaysia and the Joint Development Area of Malaysia and Thailand).
📊 Hess Corporation has an industry-leading position in a key U.S. shale play – the Bakken in North Dakota. The company is also one of the largest producers in the deep water Gulf of Mexico and a key natural gas producer and supplier to Thailand and Peninsular Malaysia.
📊 It also has appraisal activities offshore Guyana. It is participating in one of the industry’s largest oil discoveries in the past decade – the first phase of the development of the Stabroek Block in Guyana.
📊 Today, the company employs approximately 2 000 people.
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HISTORY OF HESS
- Hess Corporation conducts its operations through two segments: Exploration and Production, and Midstream.
- The Exploration and Production segment explores, produces, buys and sells crude oil, NGLs and natural gas with operations located in the U.S., Denmark, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway. Midstream offers fee-based services such as crude oil and natural gas gathering, processing of natural gas and the fractionation of NGLs as well as the storage and terminaling of propane in the Bakken Shale play of North Dakota.
- Its Midstream assets include Crude Oil Gathering, Natural Gas Gathering and Compression, Tioga Gas Plant, Ramberg Terminal Facility, Mentor Storage Terminal, Tioga Rail Terminal, Crude Oil Rail Cars and Johnson’s Corner Header System. The company is connected to third-party owned or operated wells to the Tioga Gas Plant and other pipeline facilities through the McKenzie, Williams and Mountrail Counties’ natural gas gathering and compression system.
- The company’s U.S. productions include the Bakken oil shale play in North Dakota, the Persian Basin of Texas and offshore properties in the Gulf of Mexico. Hess Corporation’s Asia and Other operations are located in Malaysia and in the Carnarvon Basin in Western Australia.
VISION & VALUES OF HESS
- Hess Corporation is committed to preserving the unique qualities that have made it such a successful independent enterprise.
- The company values its competent workforce and invests in the personal development of each employee. It embraces diversity and encourages collaboration and innovative thinking. The company further believes in accountability and integrity.
- The company is actively creating value for shareholders who purchase company shares. It also believes in building long-lasting partnerships with its stakeholders.
MARKET PERFORMANCE OF HESS
- Hess Corporation trades on the New York Stock Exchange (NYSE) under the stock symbol “HES”. The company is an S&P 500 component.
- The company performs solidly in the market which bodes well for shareholders as they can buy or sell company shares in the expectation of sound dividends and returns.
- For example, in 2018 it recorded total revenue of US$6.14 billion and gross income of US$856 million.
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LATEST NEWS HESS
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy HESS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN HESS STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE HESS STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of HESS stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy HESS stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?
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