Hess (HES) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Phillips 66 and Hertz Global have been highlighted as Zacks Bull and Bear of the Day.
The Organization of the Petroleum Exporting Countries (OPEC) is "back in the driver's seat" as the top swing producer amid slowing U.S. shale growth, Hess Corp Chief Executive Officer John Hess said on Thursday at an investor conference in Miami, Florida. Hess anticipates U.S. oil production will hit around 13 million barrels per day in the next few years and then plateau. The U.S. Energy Information Administration last week cut its forecast for 2023 shale growth by 21%.