Hess Expects Cash Flow To Increase 25% Per Year For The Next Five Years At $75/BBL Oil
Portfolio Pulse from Bill Haddad
Hess Corporation expects its cash flow to increase by 25% per year for the next five years, assuming an oil price of $75 per barrel, according to Reuters.
June 22, 2023 | 12:18 pm
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POSITIVE IMPACT
Hess Corporation's cash flow is expected to grow by 25% annually for the next five years, given a $75 per barrel oil price.
The news of Hess Corporation's expected cash flow increase is positive for the company's financial outlook. Assuming the oil price remains at $75 per barrel, this growth projection indicates a strong revenue stream for the company, which could lead to a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100