Hess Corporation Slips to 495th in Trading Volume Despite Minor Stock Price Gain

On May 6, 2025, Hess Corporation (HES) experienced a significant drop in trading volume, with a total of 1.76 billion shares traded, marking a 31.59% decrease from the previous day. This placed Hess at the 495th position in terms of trading volume for the day. Despite the decline in trading volume, Hess's stock price saw a slight increase of 0.05%.

Hess Corporation has announced that it will be hosting its annual meeting of shareholders on May 21, 2025. The meeting will be held at the company's headquarters in New York City, and shareholders are encouraged to attend either in person or virtually. The agenda for the meeting includes the election of directors, the ratification of the appointment of the independent registered public accounting firm, and the consideration of other business matters as may be properly brought before the meeting.

Hess Corporation has also announced that it will be releasing its first quarter 2025 earnings report on May 15, 2025. The report will provide an overview of the company's financial performance for the first three months of the year, including revenue, net income, and earnings per share. The company will also be hosting a conference call to discuss the earnings report and answer questions from analysts and investors.

Hess Corporation has announced that it has entered into a definitive agreement to acquire Gulfport Energy Corporation in an all-stock transaction valued at approximately $2.7 billion. The acquisition is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals. The acquisition is expected to enhance Hess's position in the U.S. shale market and provide additional growth opportunities for the company.