Hess Corp.

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 March 29, 2019 to holders of record at the close of business on March 18, 2019. 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. today announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12. “These two discoveries demonstrate the continuing exploration potential on the prolific Stabroek Block and add to the previously announced gross discovered recoverable resource estimate of more than 5 billion barrels of oil equivalent,” said [...]

Hess Corp. announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse 24th Annual Energy Summit in Vail on Tuesday, February 12 at 7:30 a.m. Mountain Time. A live audio webcast and a replay of the presentation will be available. 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. today announced that the Company’s 8.00% Series A Mandatory Convertible Preferred Stock and related depositary shares, each representing a 1/20th interest in a share of Preferred Stock, will automatically convert into 21.8220 shares of the Company’s common stock per share of Preferred Stock on January 31, 2019. Cash will be paid in lieu of any fractional shares. The conversion rate is based upon the [...]

Hess Corp. today reported a net loss of $4 million, or $0.05 per common share, in the fourth quarter of 2018, compared to a net loss of $2,677 million, or $8.57 per common share, in the fourth quarter of 2017. On an adjusted basis, the Corporation reported a net loss of $77 million, or $0.31 per common share, in the fourth quarter of 2018, compared with an adjusted net loss of $304 million, or $1.01 per common share, in [...]

Hess Corp. has been recognized for climate change stewardship, achieving leadership status in CDP’s 2018 Global Climate Analysis. Hess is the only U.S. energy company to achieve leadership status. This is the tenth year that Hess earned this recognition from CDP, an international nonprofit group seeking to drive sustainable economies. Scores are based upon a company’s disclosure practices and management of [...]

Hess Corp. said today that drilling has begun on the Haimara-1 exploration well offshore Guyana, the first of two planned exploration wells in January. The Stena Carron drillship is drilling the Haimara-1 well, located 19 miles east of the Pluma-1 discovery in the southeastern part of the Stabroek Block. The Noble Tom Madden drillship will drill the second well, Tilapia-1, located three miles west of the Longtail-1 [...]

Hess Corp. announced today that it will hold a conference call on Wednesday, January 30, 2019 at 10 a.m. Eastern Time to discuss its fourth quarter 2018 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 6023289 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 6023289. This conference call [...]

Hess Corp. today announced that the Company’s 8.00% Series A Mandatory Convertible Preferred Stock and related depositary shares, each representing 1/20th interest in a share of Preferred Stock, are expected to automatically convert into shares of the Company’s common stock on January 31, 2019. The conversion rate for each share of Preferred Stock will be between 21.8220 and 25.6420 shares of the [...]

Hess Corp. will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day today in Houston. The company’s plans through 2025 are expected to deliver strong performance across the following areas: Compound annual production growth of more than 10 percent combined with margin expansion set to drive compound annual cash flow growth of approximately 20 percent [...]