Hess Corp. today announced a 2022 Exploration & Production capital and exploratory budget of $2.6 billion, of which approximately 80% will be allocated to Guyana and the Bakken. Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya. Bakken net production is forecast to average between 165,000 and 170,000 barrels of oil equivalent per day in 2022. "Our [...]
Hess Corp. today announced two significant discoveries at the Fangtooth-1 and Lau Lau-1 wells on the Stabroek Block offshore Guyana. These discoveries will add to the block's previously announced gross discovered recoverable resource estimate of approximately 10 billion barrels of oil equivalent. The Fangtooth-1 well encountered approximately 164 feet of high quality oil bearing sandstone reservoirs. The well was drilled [...]
Hess Corp. announced today that it will hold a conference call on Wednesday, January 26, 2022 at 10 a.m. Eastern Time to discuss its fourth quarter 2021 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 4683739 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 4683739. This conference call [...]
Hess Corp. announced today that John Hess, Chief Executive Officer, will present at the Goldman Sachs Global Energy and Clean Technology Conference Virtual Conference on January 6, 2022 at 12:00 p.m. Eastern Time. A live audio webcast and a replay of the discussion 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 [...]
Hess Corp. has been recognized for climate change stewardship in CDP's Climate Change Scores for 2021. Hess has earned Leadership status for 13 consecutive years from CDP, an international nonprofit organization that runs a global environmental disclosure system. This year, Hess is one of only two U.S. oil and gas producers to achieve Leadership status, scoring well above both the oil & gas extraction and production [...]
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 30, 2021 to holders of record at the close of business on December 15, 2021. 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. has earned a place on the prestigious Dow Jones Sustainability Index North America for the 12th consecutive year and is one of only three oil and gas companies included in the North America Index. The DJSI, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment [...]
Hess Corp. announced today that John Hess, Chief Executive Officer, will speak at the Bank of America Securities 2021 Global Energy Conference on November 17, 2021 at 9:00 a.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 exploration and production of crude oil and natural gas. More [...]
Hess Corporation today reported net income of $115 million, or $0.37 per common share, in the third quarter of 2021, compared with a net loss of $243 million, or $0.80 per common share, in the third quarter of 2020. On an adjusted basis, the Corporation reported net income of $86 million, or $0.28 per common share, in the third quarter of 2021, compared with an adjusted loss of $216 million, or $0.71 per common share, in [...]
Hess Corp. announced today that it will hold a conference call on Wednesday, October 27, 2021 at 10 a.m. Eastern Time to discuss its third quarter 2021 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 5934198 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 5934198. This conference call will [...]
Hess Corp. has received a AAA rating in the MSCI environmental, social and governance ratings for 2021 after earning AA ratings from MSCI ESG for 10 consecutive years. The AAA rating designates Hess as a leader in managing industry specific ESG risks relative to peers. MSCI provides research, ratings and analysis of the ESG business practices of thousands of companies worldwide. Learn more about MSCI ESG ratings here. "We [...]
Hess Corp. today announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 10 billion barrels of oil equivalent, up from the previous estimate of more than 9 billion barrels of oil equivalent. The updated resource estimate includes another significant discovery on the Stabroek Block at the Cataback well. The well encountered 243 feet of net pay in [...]
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