Hess Corporation Surges to 238th in Trading Volume with $587 Million Turnover Despite Stock Decline

On April 3, 2025, Hess Corporation (HES) saw a significant increase in trading volume, with a turnover of $587 million, marking a 148.13% rise from the previous day. This surge placed Hess at the 238th position in terms of trading volume for the day. However, despite the high trading volume, Hess's stock price declined by 7.27%, marking the second consecutive day of losses, with a total decline of 8.00% over the past two days.

Chevron Corporation has acquired approximately 5% of Hess Corporation's common shares this year, indicating a strong confidence in a potential merger between the two companies. This strategic move by Chevron could have significant implications for Hess's future operations and market position.

Hess Corporation recently reported its fourth-quarter earnings, surpassing both earnings and revenue estimates. The company delivered earnings surprises of 16.56% and revenue surprises of 6.38% for the quarter, reflecting strong financial performance. This positive earnings report has likely contributed to the recent trading volume surge, as investors react to the company's strong financial results.

Looking ahead, Hess Corporation is expected to release its next earnings report on April 24, 2025. Analysts anticipate the company to report earnings of $1.91 per share for the upcoming quarter, which could further influence investor sentiment and stock price movements.