Hess Corp.

Hess Corp. (NYSE:HES) today reported adjusted net income, which excludes items affecting comparability, of $53 million or $0.18 per common share, for the fourth quarter of 2014 compared with $319 million or $0.96 per share in the fourth quarter of 2013. Lower realized selling prices reduced adjusted net income by approximately $340 million, after-tax, net of crude oil hedging gains, compared with the prior year period [...]

Hess Corp. (NYSE:HES) announced today a 2015 capital and exploratory budget of $4.7 billion, a 16 percent reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45 percent) is budgeted for unconventional shale resources, $1.2 billion (26 percent) for production, $1.0 billion (21 percent) for developments and $0.4 billion (8 percent) for exploration. CEO John Hess said: “Our company is well [...]

For the second consecutive year, Hess Corp. (NYSE:HES) has been recognized among the 2015 Global 100 Most Sustainable Corporations by the Toronto-based media and investment research firm Corporate Knights. The ranking was announced Wednesday, January 21 at the World Economic Forum in Davos, Switzerland. Hess is ranked 65th overall, moving up 23 places from last year among the world’s most sustainable corporations. The [...]

HOUSTON, Jan. 20, 2015 /PRNewswire/ -- Oceaneering International, Inc. (NYSE:OII) announced that it secured a contract in December 2014 from Hess Corp. (NYSE: HES) to supply the umbilicals and umbilical distribution hardware for the Stampede Project located in the Green Canyon area of the U.S. Gulf of Mexico.  This hardware will be used to transmit hydraulic control fluids, chemicals, and electrical power signals to [...]

Hess Corp. (NYSE:HES) announced today that it will hold a conference call on Wednesday, January 28, 2015, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2014 earnings release. To phone into the conference call, parties in the United States should dial 800-638-4817 and enter the pass code 46726364 after 9:45 a.m. Outside the United States, parties should dial 617-614-3943 and enter the pass code 46726364 [...]

Hess Corp. (NYSE:HES) announced today that its Australian subsidiary, Hess Exploration Australia Pty Ltd, has signed a non-binding Letter of Intent (LOI) with the North West Shelf (NWS). Hess intends to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia and, subject to execution of binding agreements, toll the production through existing NWS processing and liquefaction facilities [...]

The Board of Directors of Hess Corp. (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2014 to holders of record at the close of business on December 17, 2014. 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 [...]

Hess Corp. (NYSE: HES) today announced that production has commenced from the Tubular Bells Field, located in the Mississippi Canyon area of the deepwater Gulf of Mexico. Hess holds a 57.14 percent interest in the Tubular Bells Field and is the operator. Chevron U.S.A. Inc. has a 42.86 percent interest. Following a ramp-up period, Tubular Bells is expected to deliver gross production of approximately 50,000 barrels of [...]

Hess Corp. (NYSE:HES) will review its growth strategy and provide a detailed update on its portfolio at an Investor Day in Houston. Chief Executive Officer John Hess, Chief Operating Officer Greg Hill and other members of the leadership team will outline plans and targets that underpin the company’s strategy and commitment to deliver value to shareholders. “Our company is uniquely positioned with our resilient portfolio [...]

Hess Corp. (NYSE:HES) will hold an Investor Day on November 10, 2014 at 1:00 p.m. CST in Houston, TX. Chief Executive Officer John Hess and other members of the Hess leadership team will provide an overview of the company’s growth strategy and key assets. A live webcast of the meeting will be available on the Hess website. The presentation and webcast will be archived and available for replay. [...]