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  • NDakota_Marriott_103620_2688_20120712_cropped
    01.29.2020

    Hess Reports Estimated Results for the Fourth Quarter of 2019

    Hess today reported a net loss of $222 million, or $0.73 per common share, in the fourth quarter of 2019, compared with a net loss of $4 million, or $0.05 per common share, in the fourth quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $180 million, or $0.60 per common share, in the fourth quarter of 2019, compared with an adjusted net loss of $77 million, or $0.31 per common share, in the prior-year quarter.
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  • HESS_X_Rig_Aerials__0011
    01.28.2020

    Hess Announces 2020 E&P Capital and Exploratory Budget

    Hess today announced a 2020 Exploration & Production capital and exploratory budget of $3.0 billion, of which more than 80% will be allocated to high return investments in Guyana and the Bakken. ​ Net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding Libya. Bakken net production is forecast to average approximately 180,000 barrels of oil equivalent per day in 2020.
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  • Hess Stena Carron Ship
    01.27.2020

    Hess Announces Oil Discovery at Uaru, Offshore Guyana; Stabroek Block Recoverable Resources Now Estimated to Be Over 8 Billion Barrels of Oil Equivalent

    Hess announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced an increase in the estimated gross discovered recoverable resources for the block to more than 8 billion barrels of oil equivalent, up from the previous estimate of 6 billion barrels of oil equivalent.
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  • CDP_2020
    01.21.2020

    Hess Recognized as Leader in CDP’s Global Climate Change Report

    Hess has been recognized for climate change stewardship in CDP’s Climate Change Report 2019. This is the 11th consecutive year that the company has earned Leadership status from CDP, an international nonprofit seeking to drive sustainable economies.
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  • TubularBells_MMorrison_046_cropped
    01.06.2020

    Hess Schedules Q4 2019 Earnings Release Conference Call

    Hess will hold a conference call on Wednesday, January 29, 2020 at 10 a.m. Eastern Time to discuss its fourth quarter 2019 earnings release.
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  • Noble Tom_cropped
    12.23.2019

    Hess Announces Oil Discovery Offshore Guyana at Mako-1

    Hess today announced another oil discovery on the Stabroek Block offshore Guyana at the Mako-1 well southeast of the Liza Field. The discovery adds to the current gross recoverable resource estimate of more than 6 billion barrels of oil equivalent.
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  • LizaDestiny_sailaway_cropped
    12.20.2019

    Hess Announces First Production from the Liza Field, Offshore Guyana

    Hess today announced startup of production from the Liza Field offshore Guyana, less than five years after the first discovery of hydrocarbons and well ahead of the industry average for deepwater developments. Production from the first phase of the Liza Field, located in the Stabroek Block, is expected to reach full capacity of 120,000 gross barrels of oil per day in the coming months, with the first cargo set to be sold within several weeks.
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  • JOHNHESS-STILL_corrected_v21a copy
    11.06.2019

    Hess to Participate in Bank of America Merrill Lynch 2019 Global Energy Conference

    CEO John Hess will deliver a keynote presentation: Perspectives on Global Oil Outlook at the Bank of America Merrill Lynch 2019 Global Energy Conference in Miami Beach, FL Nov. 13, 2019.
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  • HESS_X_Rig_Aerials__0073_cropped
    10.30.2019

    Hess Reports Estimated Results for the Third Quarter of 2019

    Hess today reported a net loss of $205 million, or $0.68 per common share, in the third quarter of 2019, compared with a net loss of $42 million, or $0.18 per common share, in the third quarter of 2018. “We achieved strong operational performance once again this quarter, delivering higher production and lower capital and exploratory expenditures than previous guidance,” Chief Executive Officer John Hess said.
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  • TBells
    10.29.2019

    Hess Announces Gulf of Mexico Oil Discovery and Plans for Tie Back to Tubular Bells Production Facilities

    Hess Corporation today announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico. “We expect the well to be producing in the first quarter of 2020. As a low cost tieback to existing infrastructure, Esox should generate strong financial returns,” CEO John Hess said.
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  • NDakota_Marriott_103620_2688_20120712_cropped
    10.08.2019

    Hess Schedules Q3 2019 Earnings Release Conference Call

    Hess will hold a conference call on Wednesday, October 30, 2019 at 10 a.m. Eastern Time to discuss its third quarter 2019 earnings release.
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