Hess Corporation (NYSE: HES) is a global independent energy company engaged in the exploration and production of crude oil and natural gas. Founded in 1933, Hess focuses on high-impact assets and sustainable practices, with operations spanning the United States, Guyana, the North Sea, and Southeast Asia.
Key Takeaways:
- Hess Corporation’s stock price is expected to show steady growth over the forecast period.
- Factors such as oil price fluctuations, global energy demand, and technological advancements will play crucial roles in shaping the stock’s performance.
- Our analysis predicts a compound annual growth rate (CAGR) that reflects the company’s potential for long-term value creation.
- Investors should consider both short-term volatility and long-term growth prospects when evaluating Hess Corporation’s stock.
Overview of Hess Corporation
Hess Corporation has a rich history dating back to 1933 when Leon Hess founded the company as a fuel oil delivery service in New Jersey. Hess Corporation began as an oil delivery service, gaining prominence after discovering oil in North Dakota in 1951. The 1968 merger with Amerada Petroleum significantly expanded its operations.
Hess has been influential in the Gulf of Mexico and North Sea oil markets and shale production in North Dakota’s Bakken formation. In 1998, a partnership with Venezuela’s national oil company led to the development of the HOVENSA refinery in the U.S. Virgin Islands.
Hess Company Profile
| Country | United States |
| Ticker Symbol | HES |
| Exchange | NYSE |
| Founded | 1933 |
| IPO Date | 1983 |
| Industry | Oil & Gas Exploration and Production |
| Sector | Energy |
| Employees | 1,756 |
| CEO | John B. Hess |
| Market Cap (August 2, 2024) | $42.31 billion |
| Website | hess |
Hess Corporation (HES) Balance Sheet Analysis
Hess Corporation (NYSE: HES) reported a strong financial position for 2023, with total assets reaching $24.01 billion, up from $21.70 billion in 2022. This growth reflects the company’s ongoing expansion and operational investments.
Total liabilities increased to $14.41 billion from $13.20 billion in the previous year, indicating additional financial obligations to support growth initiatives. The company’s total equity grew to $9.60 billion, up from $8.50 billion in 2022, suggesting improved shareholder value.
Hess’s total debt stood at $9.60 billion, slightly higher than 2022’s $9.15 billion. Net debt increased to $6.93 billion from $5.80 billion the previous year.
Working capital decreased significantly to $0.16 billion from $1.54 billion in 2022, potentially impacting short-term liquidity. However, tangible book value rose to $8.63 billion, indicating growth in the company’s tangible assets.
Balance Sheet Data Source: finance.yahoo
Hess Corporation Stock Price History
Hess Corporation (NYSE: HES) had its IPO in the year 1983. Hess (HES) has had 2 stock splits: 2:1 on August 29, 1980, and 3:1 on June 1, 2006. A single share bought before August 29, 1980, equals 6 shares today.1
As of August 2, 2024, the price of Hess Corporation stock stands at $137.31.
Hess Stock Price Forecast 2024
For the remainder of 2024, we anticipate Hess Corporation’s stock to demonstrate solid growth. The company’s ongoing projects and operational efficiencies are expected to contribute to this positive trend. However, market volatility and global economic factors may introduce some fluctuations.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $125.00 | $151.73 | $182.08 |
Our forecast suggests an average price of $151.73 for 2024, representing a 10.5% increase from the current price. This growth is attributed to the company’s strong fundamentals and positive market sentiment towards the energy sector.
In 2024, Hess Corporation is expected to benefit from increased production in its Guyana operations. The company’s strategic focus on this region, particularly the Stabroek Block, could significantly boost its output and revenue. Additionally, advancements in drilling technology and efficiency improvements may contribute to lower production costs, potentially enhancing profit margins.
Hess Stock Price Forecast 2025
As we move into 2025, Hess Corporation is expected to capitalize on its strategic investments and operational improvements. The global energy landscape is likely to continue evolving, presenting both challenges and opportunities for the company.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $161.00 | $168.72 | $210.90 |
Our analysis points to an average price of $168.72 in 2025, indicating an 11.2% growth from the 2024 average. This increase reflects the company’s potential for expanding its market share and improving its financial performance.
The year 2025 may see Hess Corporation further expanding its presence in the Bakken shale play. Improved fracking techniques and enhanced oil recovery methods could lead to increased production from existing wells. Moreover, the company’s commitment to reducing its carbon footprint might attract environmentally conscious investors, potentially driving up demand for its stock.
Hess Stock Price Forecast 2026
In 2026, we expect Hess Corporation to further strengthen its position in key markets. The company’s investments in technology and sustainable practices may begin to yield more significant returns, potentially boosting investor confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $180.00 | $188.63 | $245.22 |
We forecast an average price of $188.63 for 2026, representing an 11.8% increase from the previous year. This growth rate suggests a positive outlook for Hess Corporation’s long-term value creation.
In 2026, Hess Corporation may see increased benefits from its digital transformation initiatives. Implementation of advanced analytics and artificial intelligence in exploration and production could lead to more efficient operations and cost savings. Additionally, the company’s efforts in sustainable energy solutions might start to contribute more significantly to its overall portfolio, diversifying its revenue streams.
Hess Stock Price Forecast 2027
As we approach 2027, Hess Corporation is likely to face a dynamic market environment. The global push towards cleaner energy sources may present both challenges and opportunities for traditional oil and gas companies.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $202.00 | $212.21 | $275.87 |
Our analysis indicates an average price of $212.21 for 2027, showing a 12.5% growth from 2026. This projection takes into account the company’s ability to adapt to changing market conditions and leverage its strengths.
The year 2027 could see Hess Corporation making significant strides in its offshore operations. Advancements in deepwater drilling technologies might allow the company to access previously untapped reserves. Furthermore, potential partnerships or acquisitions in the renewable energy sector could help Hess diversify its portfolio and mitigate risks associated with traditional fossil fuel investments.
Hess Stock Price Forecast 2028
In 2028, Hess Corporation may see the results of its long-term strategies coming to fruition. The company’s focus on operational efficiency and strategic asset management could contribute to enhanced shareholder value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $228.00 | $240.22 | $312.29 |
We project an average price of $240.22 for 2028, representing a 13.2% increase from the previous year. This growth rate reflects the potential for Hess Corporation to outperform market expectations.
By 2028, Hess Corporation’s investments in digitalization and automation may yield substantial benefits. Increased use of robotics in drilling operations and AI-driven predictive maintenance could significantly reduce downtime and operational costs. Additionally, the company’s efforts in carbon capture and storage technologies might position it favorably in an increasingly carbon-conscious market, potentially attracting new investors and partners.
Hess Stock Price Forecast 2029
As we move towards the end of the decade, Hess Corporation is expected to continue its upward trend. The company’s ability to navigate regulatory changes and market shifts will be crucial in maintaining this growth momentum.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $259.00 | $273.37 | $355.38 |
Our forecast suggests an average price of $273.37 for 2029, indicating a 13.8% growth from 2028. This projection is based on the assumption that Hess Corporation will continue to execute its business strategies effectively.
In 2029, Hess Corporation might benefit from increased global energy demand, particularly in emerging markets. The company’s strategic positioning in key production areas could allow it to capitalize on this growth. Furthermore, advancements in enhanced oil recovery techniques might enable Hess to extract more value from mature fields, potentially boosting its reserves and production capacity without significant new exploration investments.
Hess Stock Price Forecast 2030
As we enter a new decade, Hess Corporation’s stock price is expected to reflect the company’s long-term vision and adaptability to changing market dynamics. The energy sector may undergo significant transformations, and Hess’s ability to innovate will be key.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $297.00 | $313.01 | $406.91 |
We anticipate an average price of $313.01 for 2030, representing a 14.5% increase from 2029. This growth rate suggests that investors may continue to view Hess Corporation as a valuable long-term investment.
By 2030, Hess Corporation’s investments in renewable energy and low-carbon technologies may start to bear significant fruit. The company might have established a strong foothold in areas such as offshore wind or green hydrogen production.
Related: Valero Energy Corporation (VLO) Stock Forecast & Price Prediction
Hess Stock Price Forecast 2031
In 2031, Hess Corporation is likely to face a market environment that demands increasing focus on sustainable practices and alternative energy sources. The company’s investments in these areas may start to show more significant returns.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $341.00 | $359.34 | $467.14 |
Our analysis points to an average price of $359.34 for 2031, showing a 14.8% growth from the previous year. This projection takes into account the potential for Hess Corporation to leverage its expertise in a changing energy landscape.
By 2031, Hess Corporation might be seeing substantial returns from its investments in digital technologies. Advanced data analytics and AI could be driving more precise exploration and production decisions, potentially leading to higher success rates and improved efficiency. The company’s efforts in reducing its carbon footprint might also be paying off, possibly through carbon capture and storage projects or investments in renewable energy sources.
Hess Stock Price Forecast 2032
As we move further into the 2030s, Hess Corporation’s stock price may continue to benefit from the company’s strategic positioning and operational excellence. The global energy market is likely to present both challenges and opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $392.00 | $413.24 | $537.21 |
We forecast an average price of $413.24 for 2032, representing a 15.0% increase from 2031. This growth rate reflects the potential for Hess Corporation to maintain its competitive edge in the energy sector.
In 2032, Hess Corporation might be benefiting from increased demand for cleaner burning fuels like natural gas. The company’s LNG (Liquefied Natural Gas) operations could be playing a larger role in its portfolio. Additionally, advancements in battery technology might open up new opportunities for Hess in the energy storage sector, potentially complementing its traditional oil and gas operations.
Hess Stock Price Forecast 2033
In 2033, Hess Corporation’s stock price is expected to continue its upward trend, supported by the company’s ability to adapt to evolving market conditions and capitalize on new opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $449.00 | $473.16 | $615.11 |
Our analysis suggests an average price of $473.16 for 2033, indicating a 14.5% growth from the previous year. This projection is based on the assumption that Hess Corporation will continue to deliver value to its shareholders.
By 2033, Hess Corporation might be seeing significant benefits from its investments in offshore wind energy. As coastal regions increasingly turn to offshore wind for power generation, Hess’s expertise in offshore operations could prove valuable. The company might also be leveraging its experience in deepwater drilling to develop innovative floating wind turbine technologies.
Hess Stock Price Forecast 2034
As we approach the mid-2030s, Hess Corporation’s stock price may reflect the company’s long-term strategies and its position in the global energy market. The ability to balance traditional oil and gas operations with investments in cleaner energy solutions will be crucial.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $513.00 | $540.35 | $702.46 |
We project an average price of $540.35 for 2034, representing a 14.2% increase from 2033. This growth rate suggests that investors may continue to view Hess Corporation as a strong performer in the energy sector.
In 2034, Hess Corporation might be at the forefront of integrating renewable energy with traditional oil and gas operations. The company could be using excess renewable energy to power its extraction processes, significantly reducing its carbon footprint. Additionally, Hess might be exploring opportunities in the emerging green hydrogen market, leveraging its expertise in gas processing and distribution.
Hess Stock Price Forecast 2035
In 2035, Hess Corporation’s stock price is expected to benefit from the company’s ongoing efforts to optimize its operations and explore new growth avenues. The global energy landscape may present unique challenges and opportunities.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $584.00 | $614.92 | $799.40 |
Our forecast indicates an average price of $614.92 for 2035, showing a 13.8% growth from the previous year. This projection takes into account the potential for Hess Corporation to maintain its market leadership and financial stability.
By 2035, Hess Corporation might be deeply involved in the circular economy of the energy sector. This could involve innovative recycling programs for drilling equipment, the use of biodegradable materials in operations, or the development of new technologies to repurpose depleted oil fields for carbon storage or geothermal energy production.
Hess Stock Price Forecast 2036
By 2036, Hess Corporation might be deeply involved in the development of next-generation energy technologies. The company could be investing heavily in advanced energy storage solutions, which would complement both its traditional oil and gas operations and its growing renewable energy portfolio. Hess might also be exploring innovative ways to use AI and machine learning to optimize its operations across all energy sectors, potentially leading to significant cost reductions and efficiency gains.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $663.00 | $698.17 | $907.62 |
In 2036, Hess Corporation’s stock is expected to continue its upward trajectory, with an average price of $698.17. This represents a 13.5% increase from the previous year.
Hess Stock Price Forecast 2037
In 2037, Hess Corporation could be at the forefront of integrating blockchain technology into the energy sector. This might involve developing sophisticated energy trading platforms that allow for more efficient and transparent transactions across various energy types. Additionally, Hess might be expanding its presence in emerging markets, capitalizing on growing energy demand in developing economies while implementing sustainable practices.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $751.00 | $791.91 | $1,029.48 |
For 2037, we project an average stock price of $791.91, indicating a 13.4% growth from 2036.
Hess Stock Price Forecast 2038
By 2038, Hess Corporation might be playing a significant role in the development of fusion energy. While still potentially in early stages, the company’s expertise in energy production and distribution could position it as a key player in this revolutionary technology. Hess might also be leveraging its offshore expertise to develop large-scale ocean thermal energy conversion (OTEC) projects, tapping into a vast renewable energy source.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $850.00 | $897.22 | $1,166.39 |
Our analysis suggests an average price of $897.22 for 2038, representing a 13.3% increase from the previous year.
Hess Stock Price Forecast 2039
In 2039, Hess Corporation could be at the cutting edge of carbon capture and utilization technologies. The company might be operating large-scale facilities that not only capture carbon dioxide but also convert it into valuable products, creating new revenue streams while addressing climate concerns.
Hess might also be involved in developing advanced biofuels derived from algae or other innovative sources, further diversifying its energy portfolio.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $961.00 | $1,015.54 | $1,320.20 |
For 2039, we forecast an average stock price of $1,015.54, showing a 13.2% growth from 2038.
Hess Stock Price Forecast 2040
By 2040, Hess Corporation might have transformed into a fully integrated energy company, with a balanced portfolio spanning traditional hydrocarbons, renewables, and cutting-edge energy technologies.
The company could be operating smart microgrids that efficiently manage diverse energy sources, including its own oil and gas production, solar, wind, and potentially even small-scale nuclear reactors. Hess might also be deeply involved in the hydrogen economy, producing green hydrogen at scale and developing infrastructure for its distribution and use.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $1,086.00 | $1,147.56 | $1,491.83 |
We anticipate an average price of $1,147.56 for 2040, representing a 13.0% increase from 2039.
Hess Stock Price Forecast 2050
By 2050, Hess Corporation could be unrecognizable from its origins as an oil and gas company. It might have evolved into a global energy solutions provider, with a dominant position in multiple clean energy sectors. The company could be operating large-scale space-based solar power systems, beaming energy back to Earth.
Hess might also be a leader in advanced nuclear technologies, including fusion reactors and small modular fission reactors. Its traditional oil and gas operations might have been largely transformed into carbon-neutral processes, possibly even becoming carbon-negative through advanced capture and storage technologies.
Projected growth: 257.3% (Cumulative growth from 2040 to 2050)
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $4,000.00 | $4,100.00 | $4,600.00 |
Our long-term forecast suggests an average price of $4,100.00 for 2050, indicating substantial growth over the decade from 2040.
Conclusion
Our comprehensive analysis of Hess Corporation’s stock price forecast from 2024 to 2050 reveals a pattern of steady growth, with the potential for significant long-term value creation. The company’s ability to navigate market challenges, capitalize on emerging opportunities, and adapt to changing energy landscapes will be crucial in realizing these projections.
We anticipate that Hess Corporation will continue to leverage its strengths in oil and gas exploration and production while also investing in sustainable practices and innovative technologies. This balanced approach may position the company favorably in an evolving global energy market.
FAQs
1. What is the future of HES share price?
Our forecast suggests a generally positive outlook for Hess Corporation’s share price. We project steady growth over the coming decades, with the stock price potentially reaching $4,100 by 2050. However, this long-term projection is subject to various market factors and should be viewed as an estimate rather than a guarantee.
2. What is the HES share prediction for 2030?
According to our forecast, the average price for Hess Corporation stock in 2030 is expected to be around $313.01. This represents a significant increase from the current price, reflecting our projection of consistent growth over the next several years.
3. What is the HES 10 year outlook?
Over the next 10 years (from 2024 to 2034), we anticipate Hess Corporation’s stock to show substantial growth. By 2034, our forecast suggests an average price of $474.39. This outlook is based on factors such as the company’s strategic investments, operational improvements, and its ability to adapt to changing market conditions in the energy sector.
4. Is HES a buy, hold, or sell?
We believe that Hess Corporation (HES) could be considered a “Buy” or “Hold” for investors with a long-term perspective. Our forecasts suggest steady growth for HES stock over the coming years, with potential for significant long-term appreciation.
5. Who are the major competitors of HES?
Hess Corporation operates in the highly competitive oil and gas industry. Some of its major competitors include:
- ExxonMobil Corporation
- Chevron Corporation
- ConocoPhillips
- Marathon Oil Corporation
- Occidental Petroleum Corporation
- EOG Resources
- Pioneer Natural Resources
- Apache Corporation
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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