Hess Reports Estimated Results for the 2nd Quarter of 2017
Hess Corporation Logo header
SEARCH

Hess Reports Estimated Results for the 2nd Quarter of 2017

  • New Guyana Map 1008x567
08.01.2017

Hess Corporation reported a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017 compared with a net loss of $392 million, or $1.29 per common share, in the second quarter of 2016, reflecting a lower effective tax rate in 2017 from the required change in deferred tax accounting. “Our company delivered strong operational performance and achieved a number of major strategic milestones in the quarter,” CEO John Hess said. 

Full story

Related News
  • Hess Announces 2019 E&P Capital and Exploratory Budget

    Focus on high return investments to deliver capital efficient production growth and significant future free cash flow. "As we focus spending on our high return investment opportunities, we will continue to reduce our unit costs to drive margin expansion and improve profitability," CEO John Hess said.
    Full story
  • Hess Wins 2018 Platts Global Energy Award for ‘Remarkable Execution Skills’ on Stampede Project

    Hess won the 2018 Platts Global Energy Award for Construction Project of the Year for its Stampede project, a deepwater oil and gas development in the Gulf of Mexico. Judges said the project showcased the company’s “remarkable execution skills” and described Stampede as a “sound investment” that positions Hess for continued success.
    Full story
  • Hess to Host Investor Day

    Hess Corporation will hold an Investor Day on December 12, 2018 at 1:00 p.m. CT in Houston, TX. The meeting will feature presentations by CEO John Hess and other members of the Hess leadership team.
    Full story