Hess (HES) Q1 Earnings Beat on Higher Production Volumes

Hess Corporation (HES) has reported first-quarter 2024 earnings per share of $3.16, which beat the Zacks Consensus Estimate of$1.73. The bottom line significantly improved from the year-ago quarter’s $1.13.Total quarterly revenues increased to$3,341 million from $2,453 million in the year-ago period. The top line also beat the Zacks Consensus Estimate of$2,929 million.Strong quarterly results have been driven by higher oil equivalent production volumes, and increased oil and gas prices.Operational Update ...