Hess Corp. (NYSE:HES) today reported an adjusted net loss, which excludes items affecting comparability, of $396 million or $1.40 per common share, for the fourth quarter of 2015 compared with adjusted net income of $53 million or $0.18 per share in the fourth quarter of 2014. Lower realized selling prices reduced adjusted net income by approximately $420 million compared with the prior-year quarter. On an unadjusted [...]
Hess Corp. (NYSE: HES) announced today a 2016 E&P capital and exploratory budget of $2.4 billion, a 40 percent reduction from its 2015 actual spend of $4.0 billion and approximately 20 percent below preliminary 2016 guidance of $2.9-$3.1 billion provided in October. The $2.4 billion budget is allocated as follows: $470 million (20 percent) for unconventional shale resources, $610 million (25 percent) for production, $820 [...]
Hess Corp. (NYSE:HES) announced today that it will hold a conference call on Wednesday, January 27, 2016, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2015 earnings release. To phone into the conference call, parties in the United States should dial 877-784-9643 and enter the pass code 19233801 after 9:45 a.m. Outside the United States, parties should dial 530-379-4715 and enter the pass code 19233801 [...]
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 December 31, 2015 to holders of record at the close of business on December 17, 2015. 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 [...]
Hess Corp. (NYSE:HES) has been recognized as a leader among S&P 500 companies for climate change transparency, earning a position on the 2015 Climate Disclosure Leadership Index (CDLI) announced yesterday by CDP, an international non-profit group seeking to drive sustainable economies. Hess has been included in the CDLI for seven consecutive years and is one of only two energy companies to make the 2015 index. Reported [...]
Hess Corp. (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch Global Energy Conference in Miami on November 11, 2015 at 8:15 AM (ET). A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website. About Hess: Hess Corp. is a leading global independent energy company engaged in the exploration and production [...]
Hess Corp. (NYSE:HES) today reported an adjusted net loss, which excludes items affecting comparability, of $291 million or $1.03 per common share, for the third quarter of 2015 compared with adjusted net income of $377 million or $1.24 per share in the third quarter of 2014. Lower realized selling prices reduced adjusted net income by approximately $745 million after-tax compared with the prior-year quarter. Third [...]
Materion Corporation (NYSE: MTRN), following a successful strategic alliance with Hess Corp. (NYSE: HES), has introduced new ToughMet 3 Sucker Rod Couplings that maximize oilfield production output and significantly reduce the costs of well operations when used in place of sucker rod couplings made of conventional steel materials. In oilfields, sucker rod couplings join individual 25-foot sucker rods into long strings [...]
Hess Corp. (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 28, 2015, at 10 a.m. Eastern Time to discuss its third quarter 2015 earnings release. To phone into the conference call, parties in the United States should dial 1-877-784-9643 and enter the pass code 56639524 after 9:45 a.m. Outside the United States, parties should dial 1-530-379-4715 and enter the pass code 56639524. This [...]
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 30, 2015 to holders of record at the close of business on September 21, 2015. 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 [...]
Hess Corp. (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the 2015 Barclays CEO Energy-Power Conference in New York on September 10 at 7:45 a.m. EDT. A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website. About Hess: Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil [...]
SUGAR LAND, TX--(Marketwired - Jul 30, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Oil and gas exploration and production company Hess Corp. (NYSE:HES) (New York, New York) chalked up a net loss in second-quarter 2015 as commodity prices stayed in the doldrums. Nonetheless, the company boasted solid production numbers, with growth in the Bakken Shale and planned expansions in the Gulf of Mexico [...]