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                                    What drove HES's earnings surprise in 2024?
                                </h1> <div class="user_slot" data-v-0eba195e=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-0eba195e=""> <span class="user_desction" data-v-0eba195e="">
                                        
                                        4/5/2025 08:40pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">Hess Corporation (HES) experienced an earnings surprise in 2024 due to several key factors that contributed to its strong financial performance:

1. **Bakken and Guyana Production**: The growth in production from these regions was a significant driver of Hess's earnings. Oil and gas net production increased to 495,000 boepd, marking an 18% rise.
2. **Revenue Outperformance**: Hess's revenue surpassed expectations, reaching $3.19 billion compared to the estimated revenue of $2.87 billion. This outperformance was due to stronger-than-expected adjusted EPS of $1.76, which beat the estimate of $1.49.

In summary, Hess's earnings surprise in 2024 was primarily fueled by robust production from its Bakken and Guyana assets, combined with better-than-expected revenue and cost management, which collectively contributed to its impressive financial results.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/stock-recommend-icon.77f1c78.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime powers your decisions</span></div> </div></div> </div> <div class="container-mask" style="display:none;"></div></div></div></div><script>window.__NUXT__=(function(a,b,c,d,e,f,g,h,i,j,k,l,m,n,o,p,q,r,s,t,u,v,w,x,y,z,A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,X,Y,Z,_,$,aa,ab,ac,ad,ae,af,ag,ah,ai,aj,ak,al,am,an,ao,ap,aq,ar,as,at,au,av,aw,ax,ay,az,aA){return {layout:"default",data:[{noData:c,currentQuestion:e,textDescription:M,comeFrom:"AInvestShareLink",events:[],answerSource:k}],fetch:{},error:l,state:{sharePreviewModule:{loadJgySuccess:f,dialogRenderList:[{originAnswer:{input_media_info:[],session_round:m,agent_id:a,output_media_info:[],task_id:a,language:a,source:k,cache_builder:a,reply_action:"Answer",execute_mode:C,event_refresh_answer:a,param:"{\"entity_info\":{},\"add_info\":{\"ori_question\":\"What drove HES's earnings surprise in 2024?\"},\"event_list\":[],\"client_ip\":\"\",\"question\":\"What drove HES's earnings surprise in 2024?\",\"user_id\":\"dp82995943\",\"user_name\":\"\",\"trace_id\":\"38a417a5-3867-4950-80b3-a5379b9af881\",\"session_id\":\"38a417a5-3867-4950-80b3-a5379b9af881\",\"source\":\"ths_ainvest_lite_web\",\"input_type\":\"typewrite\"}",agent_info:[{info_type:N,raw_data:{number:O,title:P,summary:Q,full_summary:a,url:R,image_url:a,video_url:a,publish_time:u,search_extra_info:{search_burial_info:{id:S,uid:D,ab:{scene_id:v,layer_exp:[{layer_id:w,exp_id:x}]}}},simhash:"f9c4a44703d5d99b",msg_id:D}},{info_type:"query_data",query_type:E,text:"1 results found:\n|stock code|stock name|Last Price|Last Change|Actual EPS[20241231]|Estimate EPS[20241231]|Report End Date[20241231]|Report Period[20241231]|\n|---|---|---|---|---|---|---|---|\n|HES|Hess|$133.56|-9.99%|$1.63|1.49|20241231|2024Q4|\n",query_data:{number:m,title:F,query_type:E,condition:a,model_sql:T,data_ext_params:{merge_repeat:c,expand_index:b,data_add:m,add_index:f}}},{info_type:N,raw_data:{number:y,title:U,summary:V,full_summary:a,url:W,image_url:a,video_url:a,publish_time:u,search_extra_info:{search_burial_info:{id:X,uid:G,ab:{scene_id:v,layer_exp:[{layer_id:w,exp_id:x}]}}},simhash:"17451c662a1d1fc7",msg_id:G}}],answer_chain_name:Y,agent_mode:Z,native_answer:a,come_from:a,text_answer:M,trace_id:h,cost:16560,event_names:a,question:e,fallback_type:_,input_type:$,fall_back_reason:{fall_back_type:_,risk_detail:{matched_words:[]}},session_id:h,first_return_cost:3638,cache_type:a,question_id:h,transfer_question:e,signal_type:"ON_COMPLETE",start_time:aa,remote_svc:k,slots:[],answer_type:C,user_id:z,skill_name:H},renderList:[{type:"base_info",answer_path:"logs\u002FbaseInfo",logs:[],base_info:{trace_id:h,session_id:h,user_id:z,question:e,source:k,raw_question:e,version:"3.4.1",action_name:H,nlu:{entity:[{type:ab,value:"HES.N",market:ac}]},deep_research:c,deep_thinking:c,agent_mode:Z},extra:{}},{answer_path:n,section:{id:o,info_texts:["Thinking"],show_type:p,choice:[],result_page:{},tag_info_list:[],is_last:b,status:"begin"},logs:[],extra:{is_deep_research:c,deep_thinking:c}},{answer_path:n,section:{id:o,info_texts:["Querying Stock: HES Actual EPS, HES Estimate EPS in 2024"],show_type:p,choice:[],result_page:{},tag_info_list:[],is_last:b,status:ad},logs:[],extra:{action:"Querying Stock",action_input:F,thought:"The user wants to analyze what drove HES's earnings surprise in 2024. 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drove HES's earnings surprise in 2024?",0,"rich_text","38a417a5-3867-4950-80b3-a5379b9af881",2001,"llm_generated","ths_ainvest_lite_web",null,1,"progress\u002Fsearching_for",1000,"searching_for","🔎 What were the key revenue sources for HES in 2024?","🔍 What are the analyst estimates for HES's earnings in 2025?","🤝 Were there any significant one-time events or charges in HES's 2024 earnings?","STR","2025-01-29","oeqxkhszf","oeqxkhszf_layer","base",3,"dp82995943","signal","auto","agent","66800a4740261acf","intusstock","HES Actual EPS, HES Estimate EPS in 2024","bda094a993ba8313","explain news events",999,2000,"39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","Hess Corporation (HES) experienced an earnings surprise in 2024 due to several key factors that contributed to its strong financial performance:\n\n1. **Bakken and Guyana Production**: The growth in production from these regions was a significant driver of Hess's earnings. Oil and gas net production increased to 495,000 boepd, marking an 18% rise.\n2. **Revenue Outperformance**: Hess's revenue surpassed expectations, reaching $3.19 billion compared to the estimated revenue of $2.87 billion. This outperformance was due to stronger-than-expected adjusted EPS of $1.76, which beat the estimate of $1.49.\n\nIn summary, Hess's earnings surprise in 2024 was primarily fueled by robust production from its Bakken and Guyana assets, combined with better-than-expected revenue and cost management, which collectively contributed to its impressive financial results.","search",5,"Hess Corp (HES) Q4 2024 Earnings: EPS of $1.76 Beats Estimate, Revenue Surpasses Expectations at $3.19 Billion","Key Financial and Operational Highlights Summary Net Income: $542 million, or $1.76 per share, surpassing the estimated EPS of $1.61. Revenue: $3,194 million, exceeding the estimated revenue of $2,873.57 million. Production Increase: Oil and gas net production rose to 495,000 boepd, an 18% increase ...","https:\u002F\u002Fwww.gurufocus.com\u002Fnews\u002F2671529\u002Fhess-corp-hes-q4-2024-earnings-eps-of-176-beats-estimate-revenue-surpasses-expectations-at-319-billion","66800a4740261acf_0","select   stock_code,   actual_eps,   estimate_eps from   ustock_fin_forecast where   report_end_date = date('2024y')   and report_period like '%q4'   and stock_code = 'HES.N'","Hess Exceeds Q4 EPS, Revenue Forecasts","Oil and natural gas exploration and production specialist Hess (NYSE:HES) reported fourth-quarter and full-year 2024 earnings on Wednesday, Jan. 29, that topped analyst consensus estimates. Stronger-than-expected adjusted EPS came in at $1.76 while revenue and non-operating income reached $3.23 bill...","https:\u002F\u002Fwww.nasdaq.com\u002Farticles\u002Fhess-exceeds-q4-eps-revenue-forecasts","bda094a993ba8313_0","agent_common_v2\nagent-summary","normal_agent","NONE","typewrite",1743856846403,"stock","169","thinking","Hess Corporation (HES) experienced an earnings surprise in 2024 due to several key factors that contributed to its strong financial performance:\n\n1","Hess",". **Bakken and Guyana Production**: The growth in production from these regions was a significant driver of Hess's earnings. Oil and gas net production increased to 495,000 boepd, marking an 18% rise[^5]","normal",".\n2. **Revenue Outperformance**: Hess's revenue surpassed expectations, reaching $3.19 billion compared to the estimated revenue of $2.87 billion. This outperformance was due to stronger-than-expected adjusted EPS of $1.76, which beat the estimate of $1.49[^1]","[^3]","[^5].\n\nIn summary, Hess's earnings surprise in 2024 was primarily fueled by robust production from its Bakken and Guyana assets, combined with better-than-expected revenue and cost management, which collectively contributed to its impressive financial results.","2+706_496_21_554+0+0+38a417a5-3867-4950-80b3-a5379b9af881+c370da731581cb7e21d5d053e01f3b76+llm_generated+aimeTagAnalysis+0+0.08617537468671799+1","2+706_496_21_554+0+0+38a417a5-3867-4950-80b3-a5379b9af881+9da9304d1daf02e98cb24f2373560d48+llm_generated+aimeTagAnalysis+0+0.08067411184310913+2","2+706_496_21_554+0+0+38a417a5-3867-4950-80b3-a5379b9af881+e734747a4035f89f9f8d627098ec01ab+llm_generated+aimeTagAnalysis+0+0.033936772495508194+3","recommend_query_list","ztxxx06c0a024223920bbbeb1e0926","send_text","item_type","rec_info","display_text","rec_reason","root","relative","iwencai\u002FrecommendList0326","aigc",Array(0),"\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/b929a16.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/28ccbec.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/d9802b5.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/2077034.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/1e0f8d6.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7a5f495.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/921844b.js" defer=""></script>