Hess Corp. (HES) Tops Q4 EPS by 7c
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Hess Reports Estimated Results for the Fourth Quarter of 2015
January 27, 2016 7:30 AM ESTFourth Quarter Highlights:
Adjusted net loss was $396 million or $1.40 per share compared to adjusted net income of $53 million or $0.18 per share in the prior-year quarter; lower realized selling prices reduced fourth quarter 2015 adjusted net income by approximately $420 million Net loss was $1,821 million, including noncash impairment charges of $1,359 million after tax Oil and gas production was 368,000 barrels of oil equivalent per day (boepd) compared to 362,000 boepd in the fourth quarter of 2014 E&P capital and exploratory expenditures were $943 million. Full year E&P capital and... More