Biden's Plan to Pause Gas Tax Threatens to Boost Prices, Hess Says [Business News Network (BNN) (Canada)]
Hess Corporation (HES)
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Source: Business News Network
ahead of a meeting in Washington between oil executives and administration officials. “The gasoline tax holiday would actually increase demand at a time when inventory is already tight,” John Hess, chief executive officer of Hess Corp., said Thursday in an investor presentation. “The key to getting oil prices under control is to grow inventory; you only do that by increasing supply and tempering demand.” Biden has called on the oil industry to tame gasoline prices and is asking Congress to pause the 18.4 cents-per-gallon federal tax, though lawmakers are unlikely to heed his request. The administration has also weighed limiting crude exports from the US. Oil executives are pushing back, with Chevron CEO Mike Wirth urging a “change in approach” from the White House. Wirth is one of several CEOS gathering with Energy Secretary Jennifer Granholm on Thursday. “These two ideas that the government has -- either to ban crude oil exports or to have a gasoline tax holiday -- actually are
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News
- Is a Beat in Store for Hess (HES) This Earnings Season? [Yahoo! Finance]Yahoo! Finance
- Why Hess (HES) is Poised to Beat Earnings Estimates Again [Yahoo! Finance]Yahoo! Finance
- Hess Co. (NYSE: HES) had its price target raised by analysts at Piper Sandler from $172.00 to $173.00. They now have an "overweight" rating on the stock.MarketBeat
- Hess Co. (NYSE: HES) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- 3 Reasons Why Growth Investors Shouldn't Overlook Hess (HES) [Yahoo! Finance]Yahoo! Finance
HES
Earnings
- 1/31/24 - Beat
HES
Sec Filings
- 4/10/24 - Form SC
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- HES's page on the SEC website