Hess Corp. today 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 [...]
Hess Corp. 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. “CDP’s rating recognizes our continued leadership in transparency and [...]
Hess Corp. announced today that it will hold a conference call on Wednesday, January 29, 2020 at 10 a.m. Eastern Time to discuss its fourth quarter 2019 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 2738806 after 9:45 a.m. Outside the United States, parties should [...]
Hess Corp. 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. Mako-1 encountered approximately 164 feet of a high-quality oil bearing sandstone reservoir [...]
Hess Corp. 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 [...]
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 December 31, 2019 to holders of record at the close of business on December 16, 2019. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude [...]
Hess Corp. announced today that John Hess, Chief Executive Officer, 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 on November 13, 2019 at 8:05 a.m. Eastern Time. A live audio webcast and a replay of the presentation will be accessible via [...]
Hess Corp. 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. On an adjusted basis, the Corporation reported a net loss of $98 million, or $0.32 per common share, in the third quarter of 2019, compared [...]
Hess Corp. today announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico. Esox-1 was drilled in 4,609 feet of water and encountered approximately 191 net feet of high quality oil bearing Miocene reservoirs. Esox-1 is located approximately 6 miles east of the Tubular Bells [...]
Hess Corp. announced today that it will hold a conference call on Wednesday, October 30, 2019 at 10 a.m. Eastern Time to discuss its third quarter 2019 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 3542157 after 9:45 a.m. Outside the United States, parties should [...]
Hess Corp. will receive approximately $275 million in cash and approximately 115 million newly issued units in Hess Midstream Partners LP as part of a proposed transaction announced today by HESM. Under the terms of the proposed transaction, HESM will acquire Hess Infrastructure Partners LP , a 50/50 joint venture between Hess Corp. and Global [...]
Hess has earned a place on the prestigious Dow Jones Sustainability Index North America for the tenth 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. Only [...]
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