Chief Executive Officer & Director, Hess
Search every verified John Hess interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. John Hess, CEO of Hess Corporation, has been a prominent voice in discussions about the proposed $53 billion all-stock acquisition of Hess by Chevron, announced in October 2023. Hess described the deal as a "strategic fit" that creates "the premier oil and gas company," stating that Hess brings growth in resources, production, and cash flow, while Chevron provides financial strength and a diversified portfolio. He noted that the companies had been in discussions for years but that the pricing only recently aligned. Hess also confirmed that the company's toy trucks would continue to be sold, stating he and Chevron CEO Mike Wirth reached a "mutually agreeable understanding" on the matter. In public appearances, Hess has consistently argued that oil and gas will be needed "for decades to come" and are essential for an "affordable, just and secure energy transition." He has described the U.S. oil and gas industry as a "strategic industry" that supports 12 million jobs and provides lower electricity costs compared to Europe and Asia. Hess has criticized what he called "EV mania," arguing that government mandates are distorting the market, and has called for the repeal of certain tailpipe rules. He has also emphasized the need for continued investment in oil and gas, citing a structural deficit in global investment, and has highlighted the growth potential of the Gulf of Mexico and the Stabroek block in Guyana, where Hess is a 30% interest holder.
“When we started the year we had negative sentiment — China stopped growing and oil demand year-over-year was negative — but weather matters: this has been the coldest January in the last ten years so demand is several hundred thousand barrels a day higher than a year ago.”
“Sanctions on Russia — and potentially on Iran — create uncertainty about supply; you’ve already seen prices move up and if those barrels don’t make it to market the market will tighten further.”
“With President Trump and a united legislature I think that will be stimulus for the economy — some worry it means higher inflation and interest rates, but higher inflation and rates are a byproduct of a strong economy and we’ll have to learn to live with that.”
“Oil and gas are going to be here for decades; they’re a strategic industry for the country — supporting millions of jobs, lower electricity costs compared with other parts of the world, and our national security as a net exporter.”
“If we want the U.S. to be AI dominant we need to focus on natural gas as the fuel for electric generation and streamline permitting — for power plants, transmission, pipelines and distribution.”
“There’s almost an EV mania — it’s gotten ridiculous when automakers discount vehicles just to meet CAFE standards; we support EVs and consumer choice, but hybrids and internal combustion still have a role and relying solely on EVs would increase dependence on China for batteries.”
“When we used the SPR during the Ukraine crisis we dropped reserves from 600 million barrels to 400 million and the Biden Administration has been asleep at the wheel — we were only able to put back 150,000 barrels a day instead of the million we could have taken out, and that is irresponsible; we need to refill the SPR...”
“Energy policy is about three things — energy security, energy affordability and energy transition — and we must be clear-eyed that the carbon budget to reach net zero will be used up by 2030, so oil and gas will be needed for decades.”
“The shale revolution, now about 20 years old, has taken U.S. oil production from roughly 5 million barrels a day to 13.5 million and turned a growth industry into a harvest industry — it will add modest growth year-on-year but then plateau for about a decade.”
“The Gulf of Mexico is having a renaissance — U.S. offshore production is rising toward two million barrels a day and Guyana’s production could reach roughly 1.7 million barrels a day by 2030, so we need sound policy and continued investment.”
“Oil and gas are going to be needed for decades to come in the energy transition.”
“Oil and gas are key to having an affordable, just and secure transition.”
“Most people don't realize that oil and gas are a strategic industry for the United States;”
“In terms of jobs, we're talking about 12 million jobs - more than the aviation or automotive industry.”
“Electricity costs — two to three times less than Europe or most of Asia because of shale gas, because of shale oil.”
CEO John Hess discussed why “oil and gas are going to be needed for decades to come” and "are key to having an affordable, ...
Chevron Corp. CEO Mike Wirth and Hess Corp. CEO John Hess discuss the $53 Billion deal (https://www.bloomberg.com/news/articl...) to combine the two oil companies. They speak with Bloomberg's Alix Steel. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Talks curates top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews with Fortune 500 CEOs, government officials, well-known investors and business leaders. Listen to more Bloomberg…
Chevron Corp. CEO Mike Wirth and Hess Corp. CEO John Hess discuss why the companies decided to combine in a $53 billion deal. Chevron will pay $171 per share for Hess, a premium of about 10% to the 20-day average price, according to a statement from the companies. They speak with Alix Steel and Guy Johnson on "Bloomberg Markets." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: / business Facebook: / bloombergbusiness Instagram: https://www.instagram.com/quicktake/?...
Chevron chairman and CEO Mike Wirth and Hess Corp. CEO John Hess join 'Squawk on the Street' to discuss Chevron's deal to buy Hess for $53 billion in stock, the second proposed mega-merger among the biggest U.S. oil players after Exxon Mobil bid $60 billion for Pioneer Natural Resources earlier this month. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market future…
Hess CEO John Hess joins 'Squawk Box' to discuss if the recent gains in oil prices are sustainable, why America is almost afraid to say they'll need fossil fuels and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: http://www.cn…
Hess Corporation $HES Q4 2022 Earnings Call Listen to the latest conference call between the company and financial analysts or ...
CNBC's Brian Sullivan and the 'Squawk Box' team sit down with Hess CEO John Hess to discuss rising oil prices, the U.S.'s energy supply and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan cov…
(February 11, 2021) Hess Corporation CEO John Hess examines oil market dynamics, new strategies for U.S. shale producers, ...
Access earnings conference call transcripts at: https://news.alphastreet.com/earnings-call-transcripts/ Earnings Infographics: ...
Sign in to search the full transcript archive, filter by topic, and access every quote from John Hess.
The summary and quote tags on this profile are produced with AI assistance from verified, first-person interview transcripts, then checked by our team to confirm the speaker's identity and the accuracy of every quote. See how we verify →