Independant oil and gas explorer Hess Corporation reported fourth-quarter 2017 earnings below expectations before the market opened Monday. $HES was down near 6% with production concerns and debt worries, though eased by asset sales and CapEx plans.
Crude oil futures close 2017 with record longs in both WTI and Brent and prices near two year highs. Bets are that the OPEC production cuts will be affective should demand rise. Bulls point to a record low year for oil equivalent discovered globally.
Oil and gas explorer Hess Corporation $HES reported third-quarter 2017 earnings below expectations before the market opened. Stock off 4.5% with production, concerns, with debt worries eased by asset sales.
Hess Corporation (HES) reported second-quarter 2017 earnings below expectations before the market opened. Stock off 4% with realized prices and debt concerns.