Hess Corporation is an exploration and production (E&P) company. Co. is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations located in the U.S. (U.S.), Guyana, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. Co. operates through two segments: E&P and Midstream. The E&P operating segment explores for, develops, produces, purchases and sells crude oil, NGL and natural gas. We show 58 historical shares outstanding datapoints in our HES shares outstanding history coverage, used to compute HES market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HES market cap history over the course of time is important for investors
interested in comparing HES's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of HES versus a peer is one thing; comparing
HES market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like HES can fluctuate over the course of history.
With this page we aim to empower investors researching HES by allowing them to research the HES market cap history. |
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Video: The Importance of Market Cap
