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Hess today reported a net loss of $97 million, or $0.32 per common share, in the fourth quarter of 2020, compared with a net loss of $222 million, or $0.73 per common share, in the fourth quarter of 2019. On an adjusted basis, the Corporation reported a net loss of $176 million, or $0.58 per common share, in the fourth quarter of 2020, compared with an adjusted net loss of $180 million, or $0.60 per common share, in the prior-year quarter.

Hess today announced a 2021 Exploration & Production capital and exploratory budget of $1.9 billion, of which more than 80% will be allocated to Guyana and the Bakken.

Hess announced that it will hold a conference call on Wednesday, January 27, 2021 at 10 a.m. Eastern Time to discuss its fourth quarter 2020 earnings release.

“Climate change is real and is the greatest scientific challenge of the twenty-first century,” says CEO John Hess in profile published in Salk Institute's Inside Salk magazine. Hess has donated $12.5 million to Salk’s Harnessing Plants Initiative, a bold, scalable approach aimed at using plants to mitigate climate change.

Hess has been recognized for climate change stewardship in CDP’s Climate Change Report 2020. Hess has earned Leadership status for 12 consecutive years from CDP, an international nonprofit that runs a global environmental disclosure system for investors, companies, cities, states and regions. This year, Hess is one of only two U.S. oil and gas producers to achieve Leadership status.

Newsweek has once again included Hess in its annual ranking of America's Most Responsible Companies. Of the 400 companies on the 2021 list, Hess is the highest ranked oil and gas producer. The second annual ranking is based on an analysis of 2,000 public companies by a research firm using an independent survey and publicly available key performance indicators for environmental, social and corporate governance.

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.

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.

Hess announced today that it has completed the previously announced sale of its 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico to BHP, the field’s operator, for a total consideration of $505 million, subject to customary adjustments, with an effective date of July 1, 2020.

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.

Hess Corporation (NYSE: HES) today reported a net loss of $243 million, or $0.80 per common share, in the third quarter of 2020, compared with a net loss of $212 million, or $0.70 per common share, in the third quarter of 2019. On an adjusted basis, the Corporation reported a net loss of $216 million, or $0.71 per common share, in the third quarter of 2020, compared with an adjusted net loss of $105 million, or $0.35 per common share, in the prior-year quarter.