Hess Reports Estimated Results for the 2nd Quarter of 2017

Hess Corporation reported a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017 compared with a net loss of $392 million, or $1.29 per common share, in the second quarter of 2016, reflecting a lower effective tax rate in 2017 from the required change in deferred tax accounting. “Our company delivered strong operational performance and achieved a number of major strategic milestones in the quarter,” CEO John Hess said. 

Full story