Hess Reports Estimated Results for The Third Quarter of 2017
Hess Corporation Logo header
SEARCH

Hess Reports Estimated Results for The Third Quarter of 2017

  • NMB, offshore
10.25.2017

Hess reported a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017 compared with a net loss of $339 million, or $1.12 per common share, in the third quarter of 2016. On an adjusted basis, the Corporation reported a net loss of $324 million, or $1.07 per common share, in the third quarter of 2 2017 compared with an adjusted net loss of $340 million, or $1.12 per common share, in the prior year quarter. The improved adjusted results reflect higher realized crude oil selling prices and lower operating costs, depreciation, depletion and amortization, and exploration expenses. Third quarter 2017 results were adversely impacted by lower tax benefits compared to the prior-year quarter following a required change in deferred tax accounting.

Full story
Related News
  • Hess Announces Oil Discovery at Pinktail, Offshore Guyana

    Hess today announced another oil discovery on the Stabroek Block offshore Guyana at Pinktail.
    Full story
  • Hess Announces Oil Discovery at Whiptail, Offshore Guyana

    Hess today announced a significant oil discovery on the Stabroek Block offshore Guyana at Whiptail.
    Full story
  • Hess Corporation Sets New Emission Reduction Targets, Demonstrates Industry Leading ESG Performance in Newly Released 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