Our company is positioned to deliver significant long-term value and superior financial returns to shareholders. Our high-graded portfolio is focused on lower cost, higher return assets -- with Guyana and the Bakken as our growth engines and Malaysia and the Gulf of Mexico as our cash engines.
Hess’ 2019 E&P capital and exploratory budget is $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana. “Our capital and exploratory expenditure program is designed to deliver strong returns, production growth and significant future free cash flow,” CEO John Hess said.