Hess Corporation (HES)
Energy2 articles
Hess Corporation (HES) overview
Hess is an oil and gas exploration-and-production company with major assets offshore Guyana.
HES is a member of the S&P 500. It sits in the Energy sector. That sector covers oil, gas and energy-equipment companies sensitive to commodity prices.
Why investors watch HES
HES is one of the larger names in the Energy sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each HES story as it breaks, and tags it bullish, bearish or neutral.
What moves HES
- Earnings. HES reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from HES.
- Sector news. Energy stocks often move together, so a rival's news can move HES too.
Market Mood
Latest HES news
Oil and Gas Employment Falls to 114,500 Workers in June 2026
In June 2026, U.S. oil and gas extraction employment fell to 114,500 workers, the second-lowest June level on record. Chevron is cutting up to 9,000 jobs—about 20% of its global workforce—as it manages the $53 billion Hess acquisition. ExxonMobil trimmed 2,000 jobs, while BP reduced its workforce by over 5%. Despite production approaching record highs, the job count continues to decline, highlighting a longstanding trend of increasing productivity with fewer workers, which matters for investors as it signals ongoing efficiency improvements in the sector.
Read More: Oil and Gas Employment Falls to 114,500 Workers in June 2026
Chevron (CVX) and TotalEnergies (TTE) Thrive Amidst Oil Price Stability
Global oil demand growth is projected to slow, according to the International Energy Agency, influenced by several factors, including rising electric vehicle adoption and ongoing economic challenges in China. Despite this, Brent crude prices remain above $90 per barrel, highlighting a potential investment opportunity in the energy sector. Chevron (CVX) has reported robust free cash flow and an improved balance sheet following its acquisition of Hess, while TotalEnergies (TTE) trades at forward earnings multiples of 8.4x to 8.9x and a dividend yield of approximately 4.5%. Both companies are adapting to market conditions, focusing on cost efficiency and diversification.
Read More: Chevron (CVX) and TotalEnergies (TTE) Thrive Amidst Oil Price StabilityMore Energy stocks
Frequently asked questions
Is Hess Corporation in the S&P 500?
Yes. Hess Corporation trades as HES and is a member of the S&P 500. The index lists it in the Energy sector.
What sector is HES in?
HES sits in the Energy sector of the S&P 500.
Where can I find the latest HES news?
Right here. This page collects recent HES news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.