Hess Corp. (HES) Tops Q2 EPS by 6c; Revises Outlook

Hess Corp. (NYSE: HES) reported Q2 EPS of $0.24, $0.06 better than the analyst estimate of $0.18. Oil and gas net production, excluding Libya, was 307,000 barrels of oil equivalent per day (boepd); Bakken net production was 159,000 boepd.

2021 Revised Full Year Guidance:

• Net production, excluding Libya, is expected to be approximately 295,000 boepd, the upper end of the previous guidance range of approximately 290,000 boepd to 295,000 boepd
• E&P capital and exploratory expenditure guidance of approximately $1.9 billion remains unchanged, including the planned increase in Bakken rig count

For earnings history and earnings-related data on Hess Corp. (HES) click here.

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