HESS Raises FY23 Production Outlook to 385,000 boepd - 390,000 boepd From 365,000 boepd - 375,000 boepd Prior
Portfolio Pulse from Benzinga Newsdesk
HESS Corporation has raised its FY23 production outlook to 385,000-390,000 boepd from the previous 365,000-375,000 boepd. The increase is primarily due to strong operational performance and the expected startup of the Payara development early in the fourth quarter.
July 26, 2023 | 11:46 am
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POSITIVE IMPACT
HESS Corporation's raised FY23 production outlook could potentially lead to a positive impact on its stock price in the short term.
The raised production outlook indicates strong operational performance and successful upcoming projects, which are positive indicators for investors. This could lead to increased demand for HES shares, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100