Hess Reports Estimated Results for the Second Quarter of 2018
Hess Corporation today reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017. On an adjusted basis, the Corporation reported an after-tax net loss of $56 million, or $0.23 per common share, in the second quarter of 2018.
Hess Announces Increased Resource Estimate for Stabroek Block, Offshore Guyana
Hess Corporation today announced an increased estimate of gross discovered recoverable resources for the Stabroek Block, offshore Guyana to more than 4 billion barrels of oil equivalent, up from the previous estimate of 3.2 billion barrels of oil equivalent.
Hess Schedules Earnings Release Conference Call
Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 25, 2018 at 10 a.m. Eastern Time to discuss its second quarter 2018 earnings release.
Hess Corporation Publishes 2017 Sustainability Report
Hess published its 2017 Sustainability Report today, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives.
Hess Announces Sale of Utica Acreage
Hess Corporation today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources–Utica, LLC for net cash consideration of approximately $400 million, effective April 1.
Hess Announces Eighth Oil Discovery Offshore Guyana
Hess announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The Longtail-1 well follows previous world-class discoveries on the Stabroek Block at Liza,