Hess Corp (STU:AHC)
€ 126.76 4.62 (3.76%) Market Cap: 39.49 Bil Enterprise Value: 46.52 Bil PE Ratio: 16.19 PB Ratio: 3.95 GF Score: 75/100

Hess Corp at JPMorgan Energy, Power & Renewables Conference Transcript

Jun 23, 2022 / 12:20PM GMT
Release Date Price: €95.17 (-1.63%)
Arun Jayaram;John B. Hess<
JPMorgan Chase & Co, Research Division - Senior Equity Research Analyst

Yes, Good morning, and welcome to day 2 of JPMorgan's Seventh Annual Energy Conference. Really appreciate the strong buy-side turnout this year where we have great attendance. I heard a lot of great commentary and feedback from our corporates. Delighted to have Hess to kick off day 2. And again, delighted to have John Hess to lead us in a fireside chat today.

For those generalists in the audience, Hess is one of the leading E&P companies, has a great portfolio with one of the -- with the position in one of the biggest growth areas within oil. It's one of the low-cost resources that we see in Guyana with overall project breakevens, which range between $25 per barrel to $35. They have 2 projects, which could be up to 10 projects or more, just given the amount of resource that Hess and Exxon have found.

With that, John, I thought I'd turn it over to you to give some just brief introductory comments around the company, and then we can dive into our fireside chat.

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