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    Hess Corp (HES)

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    Chevron Corporation is a global energy company engaged in extensive business activities across various countries, including the United States, Angola, Argentina, and Australia. The company operates through two main segments: Upstream and Downstream, focusing on exploring, developing, producing, and transporting crude oil and natural gas, as well as refining crude oil into petroleum products and marketing them . Chevron is also involved in new energy ventures, emphasizing hydrogen, carbon capture and storage, and renewable fuels to support sustainable energy solutions .

    1. Upstream - Engages in exploring, developing, producing, and transporting crude oil and natural gas, including activities related to liquefied natural gas (LNG) and gas-to-liquids plants.
    2. Downstream - Focuses on refining crude oil into petroleum products, marketing crude oil, refined products, and lubricants, and manufacturing and marketing renewable fuels and petrochemicals.
    NamePositionStart DateShort Bio
    John B. HessChief Executive Officer and Director1977John B. Hess has been the CEO since 1995 and has over 45 years of experience in the oil and gas industry .
    Gregory P. HillPresident and Chief Operating Officer2009Gregory P. Hill has been the COO since 2014 and joined Hess as President of the Corporation’s worldwide Exploration and Production business in January 2009 .
    Timothy B. GoodellExecutive Vice President, General Counsel, Corporate Secretary, and Chief Compliance Officer2009Timothy B. Goodell became the General Counsel in 2009, Corporate Secretary in 2016, Chief Compliance Officer in 2017, and Executive Vice President in 2020 .
    John P. RiellyExecutive Vice President and Chief Financial Officer2001John P. Rielly has been the CFO since 2004 and became an Executive Vice President in 2020 .
    Richard LynchSenior Vice President, Technology and Services2014Richard Lynch has been the Senior Vice President since 2018 and joined Hess in 2014 .
    Gerbert SchoonmanSenior Vice President, Global Production2011Gerbert Schoonman has held the position since January 2020 and has served in various operational leadership roles since joining Hess in 2011 .
    Andrew SlentzSenior Vice President, Human Resources and Office Management2016Andrew Slentz has been in his current role since April 2016 and has over 30 years of experience in human resources at large international public companies .
    Barbara Lowery-YilmazSenior Vice President and Chief Exploration Officer2014Barbara Lowery-Yilmaz has been serving in her current role since 2020 and joined Hess in 2014 as the Senior Vice President, Exploration .
    1. "Could you elaborate on how you're adjusting the design tolerances of your FPSOs to maximize production, and what impact this will have on future production uplift and potential risks? "
    2. "The second quarter showed better-than-expected production in the Gulf of Mexico; is this improvement sustainable, or were there factors like deferred maintenance that might affect future quarters? "
    3. "With increasing free cash flow from Guyana, how do you plan to balance further investments with shareholder returns, and can we expect a significant change in your return of capital strategy in the near term? "
    4. "Given the expected growth in oil production, particularly from Guyana, how do you intend to adjust your hedging strategy moving forward, and what percentage of future production do you plan to hedge? "
    5. "Are there any non-operated projects in the Gulf of Mexico that you are involved in which could materially impact your production or reserves, and can you provide more details about these opportunities? "
    Program DetailsProgram 1
    Approval DateMarch 1, 2023
    End Date/DurationN/A
    Total additional amount$1 billion
    Remaining authorization amount$1 billion
    DetailsPart of Hess's strategy to return capital to shareholders as the portfolio becomes increasingly free cash flow positive.
    YearAmount Due (Millions)Debt TypeInterest Rate (%)% of Total Debt
    202420Current Portion of Long-Term DebtN/A0.2% = (20 / 8,596) * 100
    2029600HESM Opco 6.500% Fixed-Rate Senior Unsecured Notes6.5007.0% = (600 / 8,596) * 100
    Total8,596All Outstanding DebtN/A100% = (8,596 / 8,596) * 100
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1971 PresentCurrent auditor