Hess Corp.

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 November 1, 2018 to holders of record at the close of business on October 15, 2018. The depositary [...]

Hess Corp. today announced that it has completed the previously announced sale of its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. Proceeds from this transaction will be used to invest in the company’s higher return growth opportunities in Guyana and the Bakken and to fund the [...]

Hess Corp. today announced a ninth oil discovery offshore Guyana at the Hammerhead-1 well, marking its fifth oil discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet depth in 3,373 feet of water. The Stena Carron drillship began [...]

Hess Corp. announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 6, 2018 at 7:45 a.m. ET. 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 Corp. today reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017. On an adjusted basis, the Corporation reported an after-tax net loss of $56 million, or $0.23 per common share, in the second quarter of 2018. The improved after-tax adjusted results reflect higher realized crude [...]

Hess Corp. today announced an increased estimate of gross discovered recoverable resources for the Stabroek Block, offshore Guyana to more than 4 billion barrels of oil equivalent, up from the previous estimate of 3.2 billion barrels of oil equivalent. The increase follows completion of testing at the Liza-5 appraisal well, a discovery at Ranger, incorporation of results from the eighth discovery on the Block at the [...]

Hess Corp. published its 2017 Sustainability Report today, providing a comprehensive review of the company’s strategy and performance on safety, environmental, social and governance programs and initiatives. An electronic version is available at http://www.hess.com/sustainability/sustainability-reports. “Our company is committed to developing oil and gas resources in a responsible and sustainable [...]

Hess Corp. announced today that it will hold a conference call on Wednesday, July 25, 2018 at 10 a.m. Eastern Time to discuss its second quarter 2018 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 2156325 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 2156325. This conference call will [...]

Hess Corp. today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. “We continue to focus our portfolio by divesting lower return, non-core assets as part of our strategy to deliver long term value to shareholders,” CEO John [...]

Hess Corp. today announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The well encountered approximately 256 feet of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,057 feet depth in 6,365 feet of water. The Stena Carron drillship began drilling on May [...]