Hess Corporation Buyback
OLI recorded this information on 3/8/2018
Company:
Hess Corporation
Buyback:
HES buyback
$Amount Authorized:
$1,500,000,000
Buyback Details:
Hess Corporation (NYSE:HES) today announced that its Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late 2017.
Hess is a global exploration and production company engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL), and natural gas with production operations located primarily in the U.S., Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. Co.'s Midstream operating segment provides fee-based services, including gathering, compressing and processing natural gas and fractionating NGL; gathering, terminaling, loading and transporting crude oil and NGL; storing and terminaling propane, and water handling services primarily in the Bakken shale play in the Williston Basin area of North Dakota.
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Preferred: HES.PRA
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Hold (2.43 out of 4) 2nd percentile
(ranked lower than approx. 98% of all stocks covered)
Analysts' Target Price: HES Stock Forecast Based on Zacks ABR data; powered by Xignite |