Hess Corp.

Hess Corp. announced today that John Hess, Chief Executive Officer, will present at the Citi Global Energy & Utilities Conference in Boston on Tuesday, May 15 at 4:15 p.m. Eastern Time. A live audio webcast and a replay of the presentation will be available. 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. has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2018. The annual list recognizes public companies across the United States that demonstrate strong performance in such areas as environment, climate change, employee relations, human rights, governance, finance, philanthropy and community support. Hess is ranked [...]

The LA 1 Coalition, today received a $300,000 grant from Hess Corporation to help build phase 2 of the Louisiana Highway One Improvement Project. The project supports the ongoing redevelopment of Louisiana Highway One, which is located in the state’s southern Lafourche Parish. The region is the gateway to energy production from the Gulf of Mexico, supporting 18 percent of the Unites States domestic oil production [...]

Hess Corp. today announced that its subsidiary, Hess Guyana Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited to acquire a 15 percent participating interest in the Kaieteur Block, offshore Guyana. The Cooperative Republic of Guyana has provided Hess and ExxonMobil an instrument detailing the transfer of interest, which has been completed. “Our interest in the Kaieteur [...]

Hess Corp. today reported a net loss of $106 million, or $0.38 per common share, in the first quarter of 2018, compared to a net loss of $324 million, or $1.07 per common share, in the first quarter of 2017. On an adjusted basis, the Corporation reported an after-tax net loss of $72 million, or $0.27 per common share, in the first quarter of 2018. The improved after-tax adjusted results reflect higher realized crude oil [...]

Hess Corp. announced today that it will hold a conference call on Wednesday, April 25, 2018 at 10 a.m. Eastern Daylight Time to discuss its first 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 5598309 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 5598309. This conference [...]

Elliott Management Corporation , which manages funds that are collectively the fourth-largest shareholder in Hess Corp. , released the following statement supporting several changes announced by the Company: “We are pleased that Hess is initiating a comprehensive operating review with the goal of becoming the best-in-class operator in the Bakken, building on recent progress they have made in the basin. Additionally [...]

Hess Corp. today announced that its Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late 2017. Under the new authorization, the Company will purchase $500 million of common stock through an accelerated stock repurchase program and $500 million of common stock in [...]

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 May 1, 2018 to holders of record at the close of business on April 15, 2018. The depositary shares [...]

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 March 29, 2018 to holders of record at the close of business on March 19, 2018. 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 [...]