Hess Corp.

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 [...]

Hess Infrastructure Partners LP , a midstream energy joint venture between Hess Corp. and Global Infrastructure Partners and the sponsor of Hess Midstream Partners LP, a publicly traded master limited partnership , today announced that it has entered into a Memorandum of Understanding with Hess to acquire Hess’ existing Bakken water services [...]

Hess Corp. today announced a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75 percent will be allocated to high return growth assets in the Bakken and Guyana. Net production is forecast to average between 270,000 and 280,000 barrels of oil equivalent per day in 2019, excluding Libya, compared to approximately [...]

Hess Corp. will hold an Investor Day on December 12, 2018 at 1:00 p.m. CT in Houston, TX. The meeting will feature presentations by CEO John Hess and other members of the Hess leadership team. A live webcast of the meeting will be available on the Hess website. The presentation and webcast will be archived and available for replay. Hess Corp. is a [...]

The Board of Directors of Hess Corp. today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on February 1, 2019 to [...]

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, 2018 to holders of record at the close of business on December 17, 2018. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude [...]

Hess Corp. today announced a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block. As a result of this new discovery and further evaluation of previous discoveries, the estimate of discovered recoverable resources for the Stabroek Block has been increased to more than 5 billion barrels of oil equivalent, up from the previous [...]

Hess Corp. today announced that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7,400 meters. The prospect did not encounter commercial quantities of hydrocarbons and Hess’ share of the well cost through September 30, 2018 will be expensed in the third quarter and reflected in the company’s Quarterly [...]

Hess Corp. announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch 2018 Global Energy Conference in Miami Beach, FL on November 15, 2018 at 8:15 a.m. Eastern Time. The presentation time has been updated. A live audio webcast and a replay of the presentation will be accessible via Hess [...]

Hess Corp. announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch 2018 Global Energy Conference in Miami Beach, FL on November 15, 2018 at 10:30 a.m. Eastern Time. A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website. Hess Corp. is a leading [...]