HES - Hess Senior Vice President Trades Company's Stock | Benzinga
Disclosed on March 21, Geurt G Schoonman, Senior Vice President at Hess (NYSE:HES), executed a substantial insider sell as per the latest SEC filing.
What Happened: Schoonman opted to sell 13,921 shares of Hess, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The transaction's total worth stands at $2,103,130.
Hess's shares are actively trading at $149.43, experiencing a up of 0.06% during Friday's morning session.
Discovering Hess: A Closer Look
Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 344 thousand barrels of oil equivalent per day in 2022, at a ratio of 72% oil and natural gas liquids and 28% natural gas.
Hess's Economic Impact: An Analysis
Revenue Growth: Hess's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 2.62%. This indicates a substantial increase in the company's top-line ...