Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Hess Corp.    HES

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Northeast Refineries Start Cutting Run Rates as Sandy Approaches

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/28/2012 | 10:26pm CET

A number of refineries in the U.S. northeast started scaling back production Sunday in anticipation of Hurricane Sandy bearing down on the east coast.

Sandy, a Category 1 hurricane with wind speeds of up to 75 miles an hour, is currently heading north in the Atlantic offshore of North Carolina, according to the National Hurricane Center. Forecasts call for the storm to continue north before plowing west into New Jersey and Delaware late Monday.

Philadelphia Energy, which operates a former Sunoco Inc. refinery in Philadelphia after buying a majority stake in September, was discussing reducing rates of some production units at the 330,000 barrel-a-day refinery and would likely take action as early as Sunday night, a source familiar with the refinery said Sunday.

Hess Corp. (>> Hess Corp.) said Sunday it would reduce rates at its 70,000-barrel-a-day refinery in Port Reading, N.J., by an unspecified amount at 6 p.m. EDT.

Phillips 66 (>> Phillips 66), which runs the 238,000-barrel-a-day refinery in Linden, N.J., is tracking Sandy's progress but had not yet made any changes to its refinery operations, company spokeswoman Janet Grothe said.

About 6.5% of the total U.S. refining capacity is near the region in Sandy's forecast path, according to the U.S. Energy Administration.

-Write to Ben Lefebvre at ben.lefebvre@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Hess Corp., Phillips 66
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HESS CORP.
03/13 HESS CORP. : ex-dividend day
03/10 HESS : Oil production activities in Libya increased over past 6 months
03/07DJHESS : OPEC, Shale Producers Bond Over a Chicken Dinner -- Update
03/07DJJOHN HESS : OPEC, Shale Producers Bond Over a Chicken Dinner
03/06 HESS CORP : Change in Directors or Principal Officers (form 8-K)
03/04 ING GROEP : Sells 13,131 Shares of Hess Corporation (Hes)
03/04 The Brown Advisory Inc. Has $3,492,000 Stake in Hess Corporation (Hes)
03/02 MCDERMOTT INTERNATIONAL : Awarded Offshore Subsea Contract
03/02 HESS : Announces Regular Quarterly Dividend on Common Stock
03/02 HESS : Announces Quarterly Cash Dividend on Preferred Stock
More news
Sector news : Oil & Gas Refining and Marketing - NEC
07:48aDJChevron Sells Assets In Africa To Sinopec -- WSJ
03/22 TESORO : Shell gets access to oil hub in Panama - sources
03/22 China's Sinopec buys first major refinery in Africa from Chevron
03/22DJSinopec to Buy Chevron's South Africa Assets for $900 Million -Update
03/22DJSinopec to Buy Chevron's South Africa Assets for $900 Million
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
03/22 Shell leads more active Gulf of Mexico federal oil lease sale
03/14 Energy drags averages lower, weighed by sinking crude oil
03/10 When Oil Comes To Life
03/07 Deepwater drilling at rock bottom, Hess CEO says
03/02 BAKKEN OIL PRODUCERS : IP30 And Well Decline Rate Trends Since 2014
Advertisement
Financials ($)
Sales 2017 5 822 M
EBIT 2017 -794 M
Net income 2017 -930 M
Debt 2017 4 008 M
Yield 2017 2,18%
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 3,24x
EV / Sales 2018 2,79x
Capitalization 14 826 M
More Financials
Chart HESS CORP.
Duration : Period :
Hess Corp. Technical Analysis Chart | HES | US42809H1077 | 4-Traders
Full-screen chart
Technical analysis trends HESS CORP.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 65,0 $
Spread / Average Target 39%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
John B. Hess Chief Executive Officer & Director
Gregory P. Hill President & Chief Operating Officer
James H. Quigley Chairman
John P. Rielly Chief Financial Officer & Senior Vice President
Zhanna Golodryga Chief Information Officer & Senior VP-Services
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
HESS CORP.-24.80%14 826
EXXON MOBIL CORPORATIO..-9.42%339 019
ROYAL DUTCH SHELL A-5.95%219 557
BP PLC-10.76%110 984
CHINA PETROLEUM & CHEM..4.81%99 657
SAUDI BASIC INDUSTRIES..--.--%76 402
More Results