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Hess Reports Estimated Results for the Third Quarter of 2018
Hess Corporation today reported net income of $52 million, or $0.14 per common share, in the third quarter of 2018, compared to a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017
Hess Provides Update on Drilling and Development Activities Offshore Guyana
Hess Corporation said today that drilling has begun on the Haimara-1 exploration well offshore Guyana, the first of two planned exploration wells in January. The Stena Carron drillship is drilling the Haimara-1 well, located 19 miles (31 kilometers) east of the Pluma-1 discovery in the southeastern part of the Stabroek Block.
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.