Hess Corp. (HES) Posts Q2 Loss of 52c/Share

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Go back to Hess Corp. (HES) Posts Q2 Loss of 52c/Share

Hess Reports Estimated Results for the Second Quarter of 2015

July 29, 2015 7:30 AM EDT

Second Quarter Highlights:

Adjusted net loss was $147 million or $0.52 per share compared to net income of $432 million or $1.38 per share in the prior-year quarter; lower hydrocarbon prices reduced second quarter 2015 adjusted net income by approximately $740 million, after-tax Net loss was $567 million compared to net income of $931 million in the second quarter of 2014 Oil and gas production increased to 391,000 barrels of oil equivalent per day (boepd) compared to 319,000 boepd in the second quarter of 2014 Oil and gas production in... More