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 Corporation Sets New Emission Reduction Targets, Demonstrates Industry Leading ESG Performance in Newly Release Annual Sustainability Report

    Hess today announced publication of its 24th annual sustainability report, which provides a comprehensive review of the company’s strategy and performance on environmental, social and governance (ESG) programs and initiatives. Hess Corporation’s 2020 Sustainability Report is available on the company’s website at www.hess.com/sustainability/sustainability-reports.
    Full story
  • Hess Corporation Announces $1.4 Million Grant to Jackie Robinson Foundation

    Hess Corporation today announced a $1.4 million grant to the Jackie Robinson Foundation (JRF) as part of the company’s longstanding commitment to diversity, equity and inclusion.
    Full story
  • Hess Corporation to Make $9 Million, Three-Year Investment in Education in Houston's Underserved Communities

    Hess announced a $9 million financial commitment over the next three years as part of its Learning for Life Partnership to fund educational programs and support services for children in three economically disadvantaged communities in Houston that are part of Mayor Sylvester Turner’s Complete Communities Initiative.
    Full story