Hess Corp. (HES) Tops Q1 EPS by 39c
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Hess Reports Estimated Results for the First Quarter of 2019
April 25, 2019 7:30 AM EDTFinancial and Operational Highlights:
Net income was $32 million, or $0.09 per common share, compared with a net loss of $106 million, or $0.38 per common share (adjusted net loss of $72 million, or $0.27 per common share) in the first quarter of 2018 Oil and gas production averaged 278,000 barrels of oil equivalent per day (boepd), excluding Libya, up from 233,000 boepd in the first quarter of 2018; Bakken net production was 130,000Â boepd, up 17 percent from 111,000 boepd in the year-ago quarter Three discoveries on the Stabroek Block, offshore Guyana, were... More