New York-based Hess Corporation (HES), with a market cap of $40.4 billion, is a leading energy company focused on the exploration, production, and transportation of crude oil, natural gas, and natural gas liquids. The company provides comprehensive upstream and midstream services within the energy sector.
Shares of this oil and gas producer have underperformed the broader market over the past 52 weeks. HES has dipped 13.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 15.1%. In 2024, Hess' stock is down 9.1%, compared to SPX’s 9% rise on a YTD basis.
