Hess Q1 Earnings Trump Forecasts Ahead of Acquisition by Chevron

Hess Corporation (NYSE: HES) reported on Thursday much higher-than-expected net income for the first quarter of 2024 amid soaring oil and gas production, as the planned acquisition by U.S. supermajor Chevron drags on. Hess Corporation posted a net income of $972 million, or $3.16 per share, in the first quarter of 2024, compared with net income of $346 million, or $1.13 per share, in the first quarter of 2023. The rise in profits reflects higher production volumes in the first quarter of 2024, Hess said. The earnings per share (EPS) of…