Hess Reports Estimated Results for the Second Quarter of 2015
Hess Corporation Logo
SEARCH

Hess Reports Estimated Results for the Second Quarter of 2015

  • NorthDakota_MMorrison_0577_140521_Pumpjacks #0302_medium
Hess Corporation reported its estimated results for the Second Quarter of 2015 today.

Second Quarter Highlights:

  • Adjusted net loss was $147 million or $0.52 per share compared to net income of $432 million or $1.38 per share in the prior-year quarter; lower hydrocarbon prices reduced second quarter 2015 adjusted net income by approximately $740 million, after-tax

  • Net loss was $567 million compared to net income of $931 million in the second quarter of 2014

  • Oil and gas production increased to 391,000 barrels of oil equivalent per day (boepd) compared to 319,000 boepd in the second quarter of 2014

  • Oil and gas production in the Bakken was 119,000 boepd, up from 80,000 boepd in the year-ago quarter

  • Announced sale of 50% interest in Bakken Midstream, resulting in $3 billion of cash proceeds

  • Capital and exploratory expenditures totaled $1.1 billion in the second quarter down from $1.3

    billion in the prior-year quarter

  • Liza-1 well completed on the Stabroek Block, offshore Guyana; announced as a significant discovery by the operator


Click here for the press release
Latest Hess News
  • Hess In the Media: Supply Chain World Calls Hess a Lean Pioneer

    Hess took a successful “leap of faith” in creating a multi-supplier forum to foster collaboration on its Stampede deepwater project.
    Full story
  • Hess Named to Dow Jones Sustainability Index (DJSI) North America for Eighth Consecutive Year

    The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions.
    Full story
  • Hess to Participate in Barclays CEO Energy-Power Conference

    Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 7, 2017 at 10:25 a.m. ET.
    Full story