Hess Corp. today announced a discovery offshore Guyana at the Longtail-3 well on the Stabroek Block. Drilling at Longtail-3 encountered 230 feet of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles south of the Longtail-1 well. It was drilled in more than 6,100 feet of water by the Stena DrillMAX [...]
The Board of Directors of Hess Corp. today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 30, 2021 to holders of record at the close of business on June 15, 2021. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corp. is available at [...]
Hess Corp. announced today that John Hess, Chief Executive Officer, will participate in a fireside chat at the Alliance Bernstein 37th Annual Strategic Decisions Conference on Wednesday, June 2, 2021, at 1:30 p.m. Eastern Time. A presentation will be posted and a replay of the audio webcast will be accessible via Hess Corp.'s website. Hess Corp. is a leading global independent energy company engaged in the exploration and [...]
Hess Corp. announced today that John Hess, Chief Executive Officer, will participate in a fireside chat at the UBS Global Energy Virtual Conference on Wednesday, May 26, 2021, at 8:00 a.m. Eastern Time. A presentation will be posted and a replay of the audio webcast will be accessible via Hess Corp.'s website. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil [...]
Hess Corp. has once again been recognized as the No. 1 energy company on the 100 Best Corporate Citizens list, ranking No. 35 on the 2021 list for outstanding environmental, social and governance transparency and performance. The annual list ranks the Russell 1000 Index of publicly held U.S. companies based on an independent assessment by ISS-ESG. Hess has been named to the list for 14 consecutive years and is the only [...]
Hess Corp. announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the Citi 2021 Global Energy & Utilities Virtual Conference on May 11, 2021 at 12:50 p.m. Eastern Time. A live audio webcast and a replay of the discussion will be accessible via Hess Corp.'s website. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and [...]
Hess Corp. announced today that it has completed the previously announced sale of its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corp. for a total consideration of $312 million, effective March 1, 2021. "The Bakken is a core asset in our company's portfolio," CEO John Hess said. "Sale of the Little Knife and Murphy Creek acreage - the majority of which we were not planning to [...]
Hess Corp. today reported net income of $252 million, or $0.82 per common share, in the first quarter of 2021, compared with a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020 that included impairment and other after-tax charges of $2,251 million. On an adjusted basis, the net loss in the first quarter of 2020 was $182 million, or $0.60 per common share. The improvement in adjusted [...]
Hess Corp. today announced another oil discovery offshore Guyana at the Uaru-2 well on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block of approximately 9 billion barrels of oil equivalent. Uaru-2 encountered approximately 120 feet of high quality oil bearing sandstone reservoir, including newly identified intervals below the original Uaru-1 [...]
Hess Corp. announced today that it will hold a conference call on Wednesday, April 28, 2021 at 10 a.m. Eastern Time to discuss its first quarter 2021 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 6296790 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 6296790. This conference call will [...]
Hess Corp. announced today that it has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corp. for a total consideration of $312 million, effective March 1, 2021. The sale consists of approximately 78,700 net acres, which are located in the southernmost portion of Hess' Bakken position and not connected to Hess Midstream infrastructure. Net [...]
Hess Corp. announced today that it has entered into an agreement to sell its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective January 1, 2021. "The sale of our Denmark asset enables us to further focus our portfolio and strengthen our cash and liquidity position," CEO John Hess said. "Proceeds will be used to fund our [...]
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