The Great News Coming Out Of Hess Continues -- April 26, 2023

Locator: 44478B.  

Wow, this has been quite the day for Hess. See down below, below the fold. Now this update from oilprice and this is written by Charles Kennedy, my favorite energy contributor on the internet, from the linked article;

Hess Corporation beat Wall Street estimates in its first-quarter earnings report released on Wednesday and added another discovery in offshore Guyana to its production portfolio, though the good news failed to boost share prices in early morning trading.

Despite first-quarter oil prices that were some 20% lower than in 2022, Hess reported Q1 earnings of $346 million, or $1.13 per share, soundly beating analyst estimates of around $1.06 per share.

I was late to the party with regard to Hess. Over the years, I've flip-flopped numerous times regarding Hess, but now it's back on my bucket list from which to add shares to my portfolio. The good news: during all that flip-flopping I never sold Hess, just kept adding shares. The heirs will be happy.

The usual disclaimer applies. This is not an investment site.

From earlier today:

Hess: raises dividend. A 17% increase. Think about that. If an heiress living on $100,000 / month, it's now $117,000 / month. Seventeen percent outpaces inflation ... by a lot.

• Zacks: beats across the board.
• dividend history.
• emerging growth company / story. The Guyana buildout.
• press release, earnings. No mention of ESG.