Oil Investor's Business

From 24/7 wall street.

-Hess Corporation (NYSE:HES) reported first quarter numbers, and they were predictably big. Earnings more than doubled from a year ago to $759 million on revenues of $10.72 billion, and $2.34 EPS vs. $1.17 a year ago. Analysts estimates averaged $2.02 EPS on revenues of $10.55. Virtually all the increase is attributable to a $32.54/b increase in the company's selling price of oil. Refining and marketing were off $85 million (84%). The company's stock is up more than $3.00 in pre-open trading.

Open: $109.62
High: $111.30
Low: $107.96
P/E:19.06

up $3.32 as of 11:00am

52-Wk High:
04/22:$116.81