NEW YORK (AP) — NEW YORK (AP) — Hess Corp. (HES) on Wednesday reported fourth-quarter net income of $542 million.
The New York-based company said it had net income of $1.76 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The oil and gas producer posted revenue of $3.23 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $3.03 billion.
For the year, the company reported profit of $2.77 billion, or $8.98 per share. Revenue was reported as $13.02 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HES at https://www.zacks.com/ap/HES
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