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

Hess Reports Estimated Results for the Second Quarter of 2015

  • NorthDakota_MMorrison_0577_140521_Pumpjacks #0302_medium
07.29.2015
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
Related News
  • Hess Named to 100 Best Corporate Citizens List for 15th Consecutive Year

    Hess Corporation has once again been named to the 100 Best Corporate Citizens list, ranking No. 38 on the 2022 list for outstanding environmental, social and governance (ESG) transparency and performance.
    Full story
  • Going Beyond STEM

    Hess Corporation focuses on areas where the company believes its efforts will have a meaningful and lasting impact.
    Full story
  • Hess Recognized for Diversity, Equity and Inclusion

    Hess Corporation announced recently that it has achieved a top score of 100% on the Human Rights Campaign’s (HRC) Corporate Equality Index for 2022 and earned the designation as one of the Best Places to Work for LGBTQ+ Equality.
    Full story