Hess Reports Estimated Results for the 2nd Quarter of 2017
Hess Corporation Logo header
Menu
SEARCH

Hess Reports Estimated Results for the 2nd Quarter of 2017

  • New Guyana Map 1008x567
08.01.2017

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

SHARE ARTICLE:
Related News

  • Hess Named Explorer of the Year

    Hess was named E&P Explorer of the Year in a 15th annual Wood Mackenzie exploration industry survey announced June 2023. It is the second consecutive year that Hess has earned the distinction.
    Full story

  • Hess Carbon Credit Purchase Agreement Named Energy Transition Initiative of the Year by AIEN

    Hess Corporation, together with the Government of Guyana, earned the annual Energy Transition Initiative Award from the Association of International Energy Negotiators (AIEN) for leadership in creating a sustainable energy future.
    Full story

  • Hess Electrifies Bakken Rigs to Reduce Greenhouse Gas Emissions and Lower Energy Costs

    Hess Corporation has replaced diesel fuel with electricity to power its four Bakken drilling rigs – a project that over the next five years is expected to reduce the greenhouse gas emissions from these rigs by approximately 50% and energy costs from these rigs by nearly 70%. The change has also reduced truck traffic, noise and odors that result from delivery and use of diesel fuel.
    Full story
Return to top