Hess Corp. (NYSE:HES) announced today that it has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy (NYSE/LSE: KOS) and Trident Energy for a total consideration of $650 million, effective January 1, 2017. “This sale is a further step in our strategy to focus our portfolio by investing in higher return assets and divesting more mature, higher cost assets,” CEO John [...]
Hess Corp. (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 25, 2017 at 10 a.m. Eastern Daylight Time to discuss its third quarter 2017 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 96529633 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 96529633 [...]
Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eighth consecutive year. The index, 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 decisions. Only the most sustainable companies in each industry are considered each [...]
The Board of Directors of Hess Corp. (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 29, 2017 to holders of record at the close of business on September 18, 2017. 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 [...]
The Board of Directors of Hess Corp. (NYSE:HES) 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, 2017 to holders of record at the close of business on October 15, 2017. The [...]
Hess Corp. (NYSE:HES) announced today that it is donating $1 million to relief efforts in Houston following Hurricane Harvey. “Our hearts go out to the people impacted by this unprecedented storm,” said CEO John Hess. “To support Mayor Sylvester Turner and the Houston community in the immediate recovery and longer term rebuilding efforts, we are donating $1 million to the Hurricane Harvey Relief [...]
Hess Corp. (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 7, 2017 at 10:25 a.m. ET. A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and natural [...]
Hess Corp. (NYSE:HES) today reported a net loss of $449 million, or $1.46 per common share, in the second quarter of 2017 compared with a net loss of $392 million, or $1.29 per common share, in the second quarter of 2016, reflecting a lower effective tax rate in 2017 from the required change in deferred tax accounting. Our loss before income taxes was $425 million in the second quarter of 2017, compared with a loss before [...]
Hess Corp. (NYSE: HES) published its 2016 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. “We believe sustainable practices create value for our shareholders and opportunities to [...]
Hess Corp. (NYSE:HES) announced today that it will hold a conference call on Wednesday, July 26, 2017 at 10 a.m. Eastern Daylight Time to discuss its second quarter 2017 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 48967655 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 48967655. This [...]
Hess Corp. (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the J.P. Morgan 2017 Energy Equity Conference in New York on Tuesday, June 27 at 3:20 p.m. Eastern Time. A live audio webcast and a replay of the presentation will be available. About Hess: Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More [...]
Hess Corp. (NYSE:HES) today announced it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corp. (NYSE:OXY) for a total consideration of $600 million, effective June 1, 2017. Proceeds from the sale will be used to fund the company’s strong growth opportunities. The transaction consists of the following Hess-operated assets: the [...]