Hess Corp.

Hess Corp. today announced another oil discovery on the Stabroek Block offshore Guyana at Pinktail. The Pinktail well encountered 220 feet of net pay in high quality oil bearing sandstone reservoir. Pinktail is located approximately 21.7 miles southeast of the Liza Phase 1 development, which began production in December 2019, and 3.7 miles southeast of Yellowtail-1. Pinktail was drilled in 5,938 feet of water by the Noble [...]

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 September 30, 2021 to holders of record at the close of business on September 15, 2021. 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 [...]

Hess Corp. announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 9, 2021 at 8:00 a.m. Eastern Time. A live audio webcast and a replay of the discussion 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. announced today that it has completed the previously announced sale of its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective January 1, 2021. "The sale of our Denmark asset enables us to further focus our portfolio and strengthen our cash and liquidity position," CEO John Hess said. "Proceeds will be used to [...]

Hess Corp. today reported a net loss of $73 million, or $0.24 per common share, in the second quarter of 2021, compared with a net loss of $320 million, or $1.05 per common share, in the second quarter of 2020. On an adjusted basis, net income in the second quarter of 2021 was $74 million, or $0.24 per common share. The improvement in adjusted after-tax results compared with the prior-year period primarily reflects higher [...]

Hess Corp. today announced a significant oil discovery on the Stabroek Block offshore Guyana at Whiptail. The Whiptail-1 well encountered 246 feet of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which is located 3 miles northeast of Whiptail-1 and has encountered 167 feet of net pay in high quality oil bearing sandstone reservoirs. Drilling continues at both [...]

Hess Corp. today announced publication of its 24th annual sustainability report, which provides a comprehensive review of the company's strategy and performance on environmental, social and governance programs and initiatives. Hess Corp.'s 2020 Sustainability Report is available on the company's website at www.hess.com/sustainability/sustainability-reports. "Our longstanding commitment to sustainability guides our [...]

Hess Corp. announced today that it will hold a conference call on Wednesday, July 28, 2021 at 10 a.m. Eastern Time to discuss its second quarter 2021 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 4770318 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 4770318. This conference call will [...]

Hess Corp. today announced a $1.4 million grant to the Jackie Robinson Foundation as part of the company's longstanding commitment to diversity, equity and inclusion. The grant includes $1 million to support the new Jackie Robinson Museum being built in New York City, which will serve as a venue for innovative educational programming and dialogue on critical social issues. The remaining $400,000 will provide four-year [...]

Hess Corp. today announced a $9 million financial commitment over the next three years as part of its Learning for Life Partnership to fund educational programs and support services for children in three economically disadvantaged communities in Houston that are part of Mayor Sylvester Turner's Complete Communities Initiative. Hess employees will also volunteer time and expertise to support these programs. The Hess [...]