Hess Corp. announced today it has entered into two separate agreements with a joint venture between PT Pertamina and PTT Exploration and Production Company Limited to sell its interests in both the Pangkah and Natuna A assets located off the coast of Indonesia for a total after-tax consideration of $1.3 billion. Together, the two assets produced an average of 15,000 barrels of oil equivalent per day net to Hess in the [...]
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 21 at 4:20 p.m. EST. 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 [...]
Bonus Features Activate Through the 2013 Hess Toy Truck Horn NEW YORK, Nov. 4, 2013 /PRNewswire/ -- Hess Corp. is introducing a new free gaming app for iOS, Android and Kindle Fire. The Hess Tractor Trek celebrates the 2013 Hess Toy Truck and Tractor, giving fans a new way to experience the magic of this year's collectible. Icy mountain roads, treacherous desert terrain and volcanic island trails are all in a day's [...]
Hess Corp. (NYSE: HES) today completed the previously announced sale of its Energy Marketing business to Direct Energy, a North American subsidiary of Centrica plc, for a total consideration of $1.2 billion. Proceeds were higher than originally announced due to increased working capital at closing. The Energy Marketing business supplies natural gas and electricity to 23,000 commercial, industrial and small business [...]
Hess Corp. (NYSE:HES) today reported net income of $420 million for the quarter ended September 30, 2013. Adjusted earnings, which exclude items affecting comparability, were $405 million or $1.18 per common share compared with $495 million in the third quarter of 2012. After-tax income (loss) by major operating activity was as follows: Three Months Ended Nine Months Ended ...
Hess Toy Truck and Tractor Goes on Sale November 8 NEW YORK, Oct. 23, 2013 /PRNewswire/ -- Hess revealed the 2013 Toy Truck model ahead of its scheduled November 1 launch with help from fans through social media: The 2013 Hess Toy Truck and Tractor. Fans began to uncover hints and portions of the toy's image on October 14 through linked social actions, including pre-ordering the truck online, liking Hess Express and [...]
Hess Corp. announced today it has entered into an agreement with Buckeye Partners, L.P. to sell its U.S. East Coast and St. Lucia terminal network for a total consideration of $850 million in cash. As a result of this sale, Hess is expected separately to release approximately $900 million of working capital, with another $100 million continuing to be retained by the retail business as part of its ongoing operations. The [...]
Fans Can Unveil New Design ahead of November 1 through Social Media NEW YORK, Oct. 1, 2013 /PRNewswire/ -- Hess Corp. today announced that the Hess Toy Truck, a holiday tradition for nearly five decades on the East Coast, is available for pre-ordering online with shipping nationwide and to Puerto Rico. Details of the 2013 Hess Toy Truck will be announced by November 1. The Toy Truck officially goes on sale November 8 [...]
Hess Corp. (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 30, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2013 earnings release. To phone into the conference call, parties in the United States should dial 1- 800-591-6942 and enter the pass code 17925614 after 9:45 a.m. Outside the United States, parties should dial 1- 617-614-4909 and enter the pass code 17925614 [...]
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 11 at 9:05 a.m. EDT. A live audio webcast and a replay of the presentation will be accessible via Hess Corp.s website at http://www.hess.com. Hess Corp. is a leading global independent energy company engaged in the exploration and production of crude oil and [...]
The Board of Directors of Hess Corp. (NYSE: HES) today authorized the previously announced 150 percent increase to its quarterly dividend, declaring a dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2013 to holders of record at the close of business on September 16, 2013. John B. Hess, Chief Executive Officer, said, Our transformation into a pure play exploration and [...]
RADNOR, Pa., Sept. 3, 2013 /PRNewswire/ -- PVR Partners, L.P. (NYSE: PVR) ("PVR") today announced that it has entered into a definitive agreement with Hess Corp. (NYSE: HES) ("Hess") to construct, own and operate a 45-mile natural gas trunkline and associated gathering pipelines and facilities servicing Hess's lean gas production in the Utica Shale in eastern Ohio. (Logo [...]