Hess Corp.

Hess Corp. announced today that John Hess, Chief Executive Officer, will deliver a luncheon keynote presentation at the Bank of America Securities 2022 Energy Transition and ESG Conference to be held virtually on May 12, 2022 at 12:30 p.m. Eastern Time. A live audio webcast and a replay of the presentation will be accessible via Hess Corp.'s website. Hess Corp. is a leading global independent energy company engaged in the [...]

Hess Corp. today reported net income of $417 million, or $1.34 per share, in the first quarter of 2022, compared with net income of $252 million, or $0.82 per share, in the first quarter of 2021. On an adjusted basis, the Corporation reported net income of $404 million, or $1.30 per share, in the first quarter of 2022. The improvement in adjusted after-tax earnings compared with the prior-year period was primarily due to [...]

Hess Corp. today announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels of oil equivalent, up from the previous estimate of more than 10 billion barrels of oil equivalent. The updated resource estimate includes three new discoveries on the block at Barreleye, Lukanani and Patwa in addition to the Fangtooth and Lau Lau [...]

Hess Corp. announced today that it will hold a conference call on Wednesday, April 27, 2022 at 10 a.m. Eastern Time to discuss its first quarter 2022 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 5695921 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 5695921. This conference call will [...]

Hess Corp. today announced it has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and regulatory approvals. Yellowtail, the fourth oil development and the largest on the Stabroek Block, is expected to produce approximately 250,000 gross barrels of oil per day starting in 2025. Yellowtail will utilize the ONE GUYANA floating production, storage and [...]

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Hess Corp. announced today that John Hess, Chief Executive Officer, will speak at the 50th Annual Scotia Howard Weil Energy Conference on March 22, 2022 at 3:30 p.m. Eastern Time. A presentation will be posted and a replay of the audio webcast will be accessible via Hess Corp.'s website. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More [...]

Clean Hydrogen Technology Developer Will Use Proceeds from Follow-on Offering to Build the World's Fastest Electrocatalyst Discovery Process and Disruptive PEM Electrolyzer H2U Technologies, Inc. , the developer of new energy technologies to produce green hydrogen, closed an oversubscribed $11 million Series A funding round with leading venture capital and energy firms, led by Jericho Energy Ventures , Freeflow Ventures [...]

The Board of Directors of Hess Corp. today declared a regular quarterly dividend of 37.5 cents per share payable on Hess Corp. Common Stock, an increase of 50% from the previously paid quarterly dividend of 25 cents per share. The dividend is payable on March 30, 2022 to stockholders of record as of the close of business on March 14, 2022. The company also announced that it had repaid the remaining $500 million of a $1 [...]

Hess Corp. today announced startup of production from the Liza Phase 2 development on the Stabroek Block offshore Guyana, utilizing the Liza Unity floating production, storage and offloading vessel. The Liza Unity is expected to reach its production capacity of 220,000 gross barrels of oil per day later this year as operations are safely brought online. The Liza Unity arrived in Guyana in October 2021, following [...]