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  • HA_Nelson__0002_cropped
    03.17.2020

    Hess Announces Significant Reduction to 2020 Capital and Exploratory Budget

    Hess Corporation today announced a revised $2.2 billion capital and exploratory budget for 2020, an $800 million reduction from the previous budget of $3.0 billion. The company also announced a new $1.0 billion three year term loan agreement. These actions further strengthen the company’s cash position and financial liquidity in response to the sharp decline in oil prices.
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  • CNBC1_cropped
    03.12.2020

    John Hess Discusses Oil Price Collapse, Company’s Unique Strengths on CNBC’s Fast Money

    CEO John Hess addressed the far-reaching impact of the oil price war on CNBC’s Fast Money on March 12, saying: “The economic problem we're facing today is a lot more than oil, and the oil price crash could be a catalyst that propels the world into an economic recession.”
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  • HESS - Salk Institute - Hess Gift v1
    02.27.2020

    Hess Corporation to Give $12.5 Million Gift to the Salk Institute to Accelerate Development of Plant-Based Carbon Capture and Storage

    Salk’s Harnessing Plants Initiative (HPI) will receive a $12.5 million gift from Hess Corporation to advance two projects to enhance plants’ natural ability to store carbon and mitigate the effects of climate change: the CRoPS program and the Coastal Plant Restoration program. These projects build on the Salk discovery of a crucial gene that will help the team develop plants with larger root systems capable of absorbing and storing potentially billions of tons of carbon per year from the atmosphere.
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  • ESG_recogbanner
    01.28.2020

    Hess Recognized for Strong Management and ESG Leadership

    Hess has been recognized for strong management and environmental, social and governance (ESG) leadership in recent months. “We see sustainability as fundamental to our long term strategy and performance, supporting our purpose to be the world’s most trusted energy partner," said CEO John Hess.
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  • NDakota_Marriott_103620_2688_20120712_cropped
    01.29.2020

    Hess Reports Estimated Results for the Fourth Quarter of 2019

    Hess today reported a net loss of $222 million, or $0.73 per common share, in the fourth quarter of 2019, compared with a net loss of $4 million, or $0.05 per common share, in the fourth quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $180 million, or $0.60 per common share, in the fourth quarter of 2019, compared with an adjusted net loss of $77 million, or $0.31 per common share, in the prior-year quarter.
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  • HESS_X_Rig_Aerials__0011
    01.28.2020

    Hess Announces 2020 E&P Capital and Exploratory Budget

    Hess today announced a 2020 Exploration & Production capital and exploratory budget of $3.0 billion, of which more than 80% will be allocated to high return investments in Guyana and the Bakken. ​ Net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding Libya. Bakken net production is forecast to average approximately 180,000 barrels of oil equivalent per day in 2020.
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  • Hess Stena Carron Ship
    01.27.2020

    Hess Announces Oil Discovery at Uaru, Offshore Guyana; Stabroek Block Recoverable Resources Now Estimated to Be Over 8 Billion Barrels of Oil Equivalent

    Hess announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced an increase in the estimated gross discovered recoverable resources for the block to more than 8 billion barrels of oil equivalent, up from the previous estimate of 6 billion barrels of oil equivalent.
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  • CDP_2020
    01.21.2020

    Hess Recognized as Leader in CDP’s Global Climate Change Report

    Hess has been recognized for climate change stewardship in CDP’s Climate Change Report 2019. This is the 11th consecutive year that the company has earned Leadership status from CDP, an international nonprofit seeking to drive sustainable economies.
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  • TubularBells_MMorrison_046_cropped
    01.06.2020

    Hess Schedules Q4 2019 Earnings Release Conference Call

    Hess will hold a conference call on Wednesday, January 29, 2020 at 10 a.m. Eastern Time to discuss its fourth quarter 2019 earnings release.
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  • Noble Tom_cropped
    12.23.2019

    Hess Announces Oil Discovery Offshore Guyana at Mako-1

    Hess today announced another oil discovery on the Stabroek Block offshore Guyana at the Mako-1 well southeast of the Liza Field. The discovery adds to the current gross recoverable resource estimate of more than 6 billion barrels of oil equivalent.
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  • LizaDestiny_sailaway_cropped
    12.20.2019

    Hess Announces First Production from the Liza Field, Offshore Guyana

    Hess today announced startup of production from the Liza Field offshore Guyana, less than five years after the first discovery of hydrocarbons and well ahead of the industry average for deepwater developments. Production from the first phase of the Liza Field, located in the Stabroek Block, is expected to reach full capacity of 120,000 gross barrels of oil per day in the coming months, with the first cargo set to be sold within several weeks.
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