Hess Announces 2018 E&P Capital and Exploratory Budget
Hess Corporation Logo header
SEARCH

Hess Announces 2018 E&P Capital and Exploratory Budget

  • Hess XRig_0673_resized
01.31.2018
NEW YORK, Jan. 31, 2018 -- Hess today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig count from four rigs to six rigs. These increases are offset by lower capital allocated to the Gulf of Mexico and Malaysia compared to 2017.

Learn more
Related News
  • Hess Scores First-Place Sweep in Respected Investor Leadership Survey

    Hess Corporation’s leadership earned a first-place clean sweep in the combined rankings of the 2021 All-America Executive Team survey published recently by Institutional Investor magazine.
    Full story
  • Hess Named to Dow Jones Sustainability Index (DJSI) North America for Eleventh Consecutive Year

    Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eleventh consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions.
    Full story
  • Hess to Participate in Bank of America Securities 2020 Global Energy Conference

    John Hess, Chief Executive Officer, will speak at the Bank of America Securities 2020 Global Energy Conference on November 10, 2020 at 10:00 a.m. Eastern Time.
    Full story