Hess Beats Q3 Earnings Estimates Ahead Of Acquisition By Chevron

Hess Corporation reported on Wednesday earnings for the third quarter that beat analyst estimates, after announcing earlier this week it had agreed to be acquired by supermajor Chevron. Hess said its net income stood at $504 million, or $1.64 per share, for the third quarter of 2023, slightly down from the $515 million net income for the same period of 2022, but higher than the analyst consensus of $1.22 earnings per share. Hess reported higher production in the Bakken shale play in the United States and offshore Guyana for the third quarter. The…