Hess Corporation

The U.S. should do more to stabilize oil prices, Hess Corp. CEO John Hess told CNBC. His family's involvement in the oil industry has helped build his net worth.

With nearly 100 percent gains YTD, natural gas has become one of the top-performing commodities in 2021. What are the best natural gas stocks to buy now?

The availability of takeaway capacity from the Bakken can affect producers’ earnings.

ConocoPhillips’s (COP) total production volume in 2015 was 1,589 Mboe/d excluding Libya. This represents a 5% year-over-year growth after adjusting for asset dispositions and downtime.

The Energy Select Sector SPDR ETF (XLE) fell 0.66% in the week ended September 11. XLE tracks a diverse group of 45 of the largest American energy stocks in the S&P 500 Index (SPX).

Anadarko Petroleum reported adjusted earnings per share of -$0.50 in 4Q16. The company’s EPS were -$0.57 in 4Q15 and -$0.89 in 3Q16.

Apache’s stock has fallen almost 20% this year. However, since October, it has remained above approximately $47 on an average.

The US Dollar Index (DXY) has risen 8% against global currencies in 2015. The rising dollar should put further pressure on the pessimistic oil market.

Hess’s (HES) key management objectives include taking several steps to counter lower commodity prices. These include capital and cost reductions.

ConocoPhillips stock is nearing its psychologically important price level of $40. It hasn’t been able to break above this level since January 5.

Concho Resources (CXO) will release its 4Q15 earnings on February 25, 2016. The estimate for 4Q15 revenue is ~$592.4 million. Revenue in 4Q14 was ~$692.4 million.

Oil rig counts decreased last week, down ~4% since June Last week, the Baker Hughes oil rig count decreased from 1,367 to 1,361. Oil rig counts have been on a slight downward trend since mid-year. Rigs drilling for oil peaked this year in June, at 1,413, but have since fallen about 4%. Though the drop […]

Rig counts tell us how many rigs are actively drilling for oil and gas. They can be an indication of oil and gas producers’ confidence.

Hess Corporation has consistently been improving its performance since long before crude oil prices began crashing.

In the weeks leading up to Apache’s (APA) 1Q16 earnings release, Wall Street analysts have provided target prices for the next 12 months.

The unexpected fall in crude oil inventory supported crude oil prices. The fall in US imports might have led to the fall in the US oil inventory.

In its weekly report on June 3, the EIA reported that US crude oil refinery inputs averaged ~16.4 MMbpd during the week ending May 29.

On July 18, US crude oil September futures rose 0.9% and closed at $67.75 per barrel.

On June 11, Whiting Petroleum’s (WLL) short interest ratio (short interest as a percentage of float) was ~16%.

The EIA (U.S. Energy Information Administration) published that the US crude oil output rose by 48,000 bpd to 9.2 MMbpd for the week ending October 30, 2015.

In its weekly Petroleum Status Report released on Thursday, the EIA announced a decrease of 2.8 MMbbls in crude oil inventories for the week ending May 22.

In this article, we’ll look into the cash flow growth expectations of Anadarko Petroleum (APC).

Hess sees growth opportunities in the Bakken and Utica plays. It also has several growth projects offshore, including its North Malay Basin and its Stampede projects.

Hess’s (HES) stock started rapidly declining in the second half of 2015. This was due to weaker crude oil prices in the third and fourth quarters.

The previous parts of this series (parts 8 and 9) explained the counterintuitive relationship between low natural gas prices, falling rigs, and rising natural gas production. Oil rigs have a simpler relationship with crude oil prices and oil production.

As 2015 came to a close, Concho Resources’ (CXO) stock started falling. CXO has fallen ~21% since February 2015.

Early last week, WTI crude oil had eased to close to $99 following Libya’s restarting exports from major ports and abating fears over supply disruptions in Iraq.

ConocoPhillips’s net debt-to-EBITDA was in the range of 0.6x–1.1x between 3Q13 and 4Q14. But in 2015, its net debt-to-EBITDA multiple started increasing.

Let’s see which energy company stands out as the most efficient in reducing debt loads and improving leverage ratios and which ones are laggards.

Analysts had expected a decrease of 2.5 million barrels in crude inventories last week. We’ll discuss actual changes in the crude inventory in this series.

Oil traded flat on the latest inventories data, with a large build in crude oil stocks but declines in gasoline and distillate stocks.

Chesapeake Energy’s 4Q15 EV-to-EBITDA multiple is in-line with its historical average of ~5.8x. The market value of its equity declined by ~71% year-over-year.

On February 11, 2016, US crude oil touched a 12-year low. From February 11, 2016, to March 13, 2017, US crude oil active futures contracts rose 84.7%.

WTI (West Texas Intermediate) crude oil futures contracts for January delivery rose slightly by 0.4% and closed at $43.04 per barrel on Wednesday.

On May 16, US crude oil June futures rose 0.3% and closed at $71.49 per barrel, a more-than-three-year high.

The Chinese market rose by 3% on Thursday, October 9. China’s steps to improve its slowing economy sent positive vibes in the global crude oil market.

Conoco is confident that its production growth will grow by ~3%, driven by a combination of new projects such as APLNG, expected to ramp up in mid-2015.

September WTI crude oil futures contracts trading in NYMEX rose by 1.79% on August 18. Crude oil prices rose due to the consensus of falling US crude oil inventories.

Current implied volatility in Whiting Petroleum (WLL) is ~49.9%, 0.20% higher than its 15-day average of 49.8%.

NYMEX-traded June WTI crude oil futures gained slightly by 0.76% and settled at $59.39 per barrel on May 8, 2015. Crude oil prices changed marginally.

Between September 14 and 21, US crude oil November futures rose 2.9% and closed at $70.78 per barrel. Let’s take a closer look.

In its Weekly Petroleum Status Report released on November 4, 2015, the EIA reported an increase of 2.8 MMbbls in crude oil inventories for the week ended October 30, 2015.

July WTI crude oil futures contracts trading in NYMEX slumped by 2.83% and settled at $58.03 per barrel on Tuesday, May 26, 2015. Crude oil prices plunged.

In the week ending on May 31, US crude oil inventories were 6% higher than their five-year average.

NYMEX-traded WTI crude oil futures rose marginally by 0.75% and settled at $59.97 per barrel on June 16, 2015. Prices rose despite oversupply worries.

Earlier this month, the White House made good on its threats and announced tariffs on Chinese goods worth $50 billion, including steel and aluminum.

The latest survey from Reuters suggested that OPEC’s crude oil production is breaking historical records. OPEC crude oil production hit 33.1 MMbpd in January 2016.

Global crude oil surplus concerns drove crude oil prices lower in yesterday’s trading. And declining demand from refineries added to the fall in oil prices.

On January 13, 2017, WTI (West Texas Intermediate) crude oil (USO) (OIIL) February contracts closed at $52.37 per barrel, ~1.2% lower than their previous closing price.

NYMEX-traded WTI crude oil futures contracts for September delivery rose by 2.80% on August 25. Crude oil prices recovered despite oversupply concerns.

Chesapeake has been intently focusing on reducing its debt load. Over the past three quarters, it has reduced its 2017 maturing and puttable debt commitments.

NYMEX-traded WTI (West Texas Intermediate) crude oil for June delivery prices declined by 0.80% and settled at $59.15 per barrel on Friday, May 1, 2015.

Baker Hughes reported that the active crude oil rig count fell for the 25th week. The worse-than-expected decline in the rig count supported crude oil prices.

July WTI crude oil futures trading in NYMEX fell slightly by 0.08% and closed at $59.92 per barrel on Wednesday, June 17, 2015.

NYMEX-traded WTI crude oil futures contracts for July delivery fell by 2.75% and settled at $58 per barrel on June 4. Crude oil prices declined for the second day.

August WTI crude oil futures trading in NYMEX fell for the third day in a row. Prices fell slightly by 0.04% and closed at $50.89 per barrel on Friday, July 17.

On March 27, 2017, WTI (West Texas Intermediate) crude oil May futures closed at $47.73 per barrel, ~0.5% lower than their previous closing price.

In the first quarter, Whiting Petroleum’s (WLL) total production volume was ~127.1 Mboepd.

Hess Corp. is one of the largest companies to operate in the Bakken, and it has stated that the area will be the primary driver of its production growth for 2013–2017.

The high correlation indicates a stronger positive relationship between oil-weighted stocks and US crude oil prices.

CLR’s short interest ratio was 21.6% as of February 13, as compared to 21.5% at the end of 4Q16.

November WTI crude oil futures contracts fell by 0.56% on October 15. Crude oil prices fell for the fourth day due to the record crude oil inventory buildup.

NYMEX-traded WTI crude oil futures contracts for July delivery increased by 1.76% on June 2. The depreciation of the US dollar supported crude oil prices.

The overall production cost structure is important to withstand the crude oil price onslaught.

Approximately 52% of analysts covering Hess (HES) recommend “hold,” ~43% recommend “buy,” and 5% rate it as “underperform.”

Anadarko Petroleum (APC) is scheduled to release its 1Q18 earnings on May 1 after the markets close. The revenue estimate stands at ~$2.95 billion.

Though India’s CPI inflation has come down, certain risk factors could cause it to rise again.

On July 31, 2017, US crude oil (USO) (DBO) (USL) September futures closed at $50.17 per barrel—0.9% above the last closing price.

On June 14, Russia and Saudi Arabia announced a bilateral framework to increase cooperation and manage the oil market.

U.S. crude oil inventories increased more than expected, but oil prices traded up on news of escalating action in Syria.

On August 3–10, USO fell 1.3%, USL fell 0.5%, and UCO fell 2.8%. These ETFs track US crude oil futures.

It may take sharper declines in rig counts this time around for a substantial downward trend in production to be seen.

Market participants watch the change in the amount of crude inventories to gauge supply and demand dynamics, with large inventory builds representing weak demand/strong supply and large inventory draws representing strong demand/weak supply, generally speaking. Last week, crude inventories decreased by 10.35 million barrels compared to estimates of a draw of 2.25 million barrels meaning […]

September WTI crude oil futures contracts fell by 2.23% on September 7. Crude oil prices fell due to oversupply and economic growth concerns across Europe and China.

The EIA (Energy Information Administration) expects global petroleum and liquids production or total world supply to average 94.16 MMbbl/d in 2015.

Crude oil prices increased for the fifth day in the last ten trading sessions. WTI fared well in Friday’s trade. Oil prices rose more than 8% YTD.

Technical analysis involves predicting future price movements for stocks, commodities, currency, and bonds. Mass investor psychology is analyzed using historical market data.

On April 4, 2018, US crude oil May futures fell 0.2% and closed at $63.37 per barrel. On March 28–April 4, 2018, US crude oil May futures fell 1.6%.

April crude oil futures for WTI (West Texas Intermediate) broke out of the double bottom pattern. Prices closed at $51.53 per barrel on March 4, 2015.

January WTI (West Texas Intermediate) crude oil futures contracts trading on NYMEX fell by 3.1% to $35.62 per barrel on Friday, December 11, 2015.

Last week, oil inventories increased significantly while experts had predicted a decrease. This resulted in a bearish signal for oil prices, though the commodity traded up on the day on separate news.

Goldman Sachs (GS) suggests crude oil prices could test $20 per barrel in a worst case scenario in 2016.

August WTI crude oil futures contracts trading in NYMEX rose for the second day by 1.33% and closed at $61.01 per barrel on Tuesday, June 23, 2015.

The EIA reported RBOB gasoline futures contract 1 prices at $1.30 per gallon on November 23, representing a fall of ~1.8% from $1.32 per gallon on October 16.

Noble Energy (NBL) sold net volumes of 252 million cubic feet per day of natural gas in 2015, generating net pretax income of $318 million in 2015.

The DOE reported a drop of 5.18 million barrels in gasoline inventories—larger than analysts’ expectation of a 0.94 million barrel decline.

Whiting’s capex budget in 2017 Whiting Petroleum’s (WLL) 2017 capital budget is $1.1 billion, almost double its 2016 figure. It estimates that 96% of its total budget will be spent in its core Williston Basin and DJ (Denver-Julesburg) Basin (Redtail) regions. Increased focus on the Bakken and DJ Whiting has been increasing its focus on […]

The EIA estimates that US gasoline prices could average around $1.98 per gallon in 2016—the lowest annual average for gasoline prices since 2004.

WTI crude oil futures contracts for July delivery increased by 1.71% and closed at $58.98 per barrel on Wednesday, May 20, 2015.

Following Hess’s (HES) 4Q15 earnings release, Hess stock rose 6%. But the stock has declined significantly over the past year. Year-over-year, Hess has fallen 46%.

NYMEX-traded WTI crude oil futures contracts for August delivery fell by 2.18% and settled at $58.33 per barrel on June 29 due to Greece’s default crisis.

OPEC may be considering joining hands with Russia in collective production cuts to stabilize oil prices. However, a collective oil production cut may be unviable because of the tussle for market share at the individual level.

Crude oil prices surged on Monday—supported by rising demand from Asia and the US. The US Dollar Index appreciated against the major global currencies.

NYMEX-traded June WTI crude oil futures increased by 0.88% and settled at $60.93 per barrel on May 6, 2015. Crude oil prices increased.

October WTI crude oil futures contracts trading in NYMEX fell on September 18. Crude oil prices fell due to negative sentiments of oversupply.

NYMEX-traded WTI crude oil futures for July delivery fell by 1.67% on Monday, June 8, 2015. Crude oil prices declined due to slowing imports from China.

July WTI crude oil futures trading in NYMEX fell by 1.07% and closed at $60.77 per barrel on Thursday, June 10—due to profit-booking and the strong dollar.

August WTI crude oil futures trading in NYMEX rose by 1.95% and closed at $59.47 per barrel on Tuesday, June 30, 2015. Prices surged on the summer demand.

The key support for WTI oil is at $48 per barrel. If crude oil breaks $48 per barrel, it will hit $42 per barrel. The US dollar will also put pressure on crude oil prices.

On February 11, 2016, US crude oil touched a 12-year low. From February 11, 2016, to March 20, 2017, US crude oil active futures contracts rose 86.6%.