Hess Corp.

Hess Corp. (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse Energy Summit in Vail on Tuesday February 11 at 11:30 am MST. A live audio webcast and a replay of the presentation will be accessible via Hess Corp.’s website. About Hess: Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas [...]

Hess Corp. (NYSE: HES) announced today that it has entered into an agreement to sell approximately 74,000 acres of its dry gas acreage in the Utica Shale to an undisclosed third party for a consideration of $924 million. Approximately two-thirds of these proceeds are expected at the end of the first quarter of this year, with the balance to be received in the third quarter. Proceeds from these sales will be used for [...]

Hess Corp. (NYSE:HES) today reported net income of $1,925 million for the quarter ended December 31, 2013. Adjusted earnings, which excludes items affecting comparability, were $319 million or $0.96 per common share compared with $409 million or $1.20 per share in the prior year quarter, reflecting a decrease of $97 million in adjusted downstream earnings, partially offset by a $5 million increase in adjusted Exploration [...]

Hess Corp. (NYSE:HES) announced today a 2014 Exploration and Production capital and exploratory budget of $5.8 billion. Of this, $2.85 billion (49 percent) is dedicated to unconventional shale resources, with $1.475 billion (25 percent) for production, $925 million (16 percent) for developments and $550 million (10 percent) for exploration. John Hess, CEO, commented, “In 2010, we began focusing our portfolio around [...]

Hess Corp. (NYSE:HES) today completed the previously announced sale of its Pangkah asset to a subsidiary of PT Saka Energi Indonesia, which exercised its pre-emption rights, for a total after tax consideration of $650 million comprising the sale of equity interests in certain holding entities and certain inter-company debts. The asset, located off the coast of Indonesia, produced an average of 9,000 barrels of oil [...]

Hess Corp. announced today that Hess Retail Corporation, its wholly owned subsidiary, has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). The Form 10 contains a preliminary information statement about the potential terms and conditions of a spin-off of Hess Retail Corporation to the stockholders of Hess Corp.. It also includes information about Hess Retail Corporation as a [...]

Hess Corp. (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 29, 2014, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2013 earnings release. To phone into the conference call, parties in the United States should dial 1-877-703-6103 and enter the pass code 25740602 after 9:45 a.m. Outside the United States, parties should dial 1-857-244-7302 and enter the pass code [...]

PIRAEUS, Greece, Dec. 19, 2013 /PRNewswire/ --  Aegean Marine Petroleum Network Inc. (NYSE:  ANW) ("Aegean" or the "Company") today announced the completion of the previously announced acquisition of the U.S. East Coast bunkering business of Hess Corp. (NYSE: HES).  The transaction, which includes bunkering operations that averaged 1.8 million metric tons in annual sales over the past three years, is valued at $30 [...]

Hess Corp. (NYSE: HES) updates realized selling prices and operating data for the first two months of the fourth quarter of 2013 and its guidance for the fourth quarter. In addition, Hess provides information on its continuing progress toward becoming a pure play Exploration and Production company. Exploration and Production: Worldwide realized selling prices for crude oil for the first two months of the fourth [...]

Hess Corp. (NYSE:HES) today completed the previously announced sale of its Natuna A asset, located off the coast of Indonesia, to PT Pertamina and PTT Exploration and Production Company Limited for a total after-tax consideration of $650 million. The asset produced an average of 5,500 barrels of oil equivalent per day net to Hess in the first three quarters of 2013. Hess Corp. is a leading global independent energy [...]