Hess Corp. (HES) Announces Oil Discovery at Uaru, Offshore Guyana
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Hess Corp. (HES) Misses Q4 EPS by 18c, Revenues Beat
January 29, 2020 7:36 AM ESTHess Corp. (NYSE: HES) reported Q4 EPS of ($0.60), $0.18 worse than the analyst estimate of ($0.42). Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.5 billion.
Key Developments:
Commenced production on December 20, 2019 from the Liza Phase 1 Development at the Stabroek Block (Hess 30 percent), offshore GuyanaAnnounced a 15th discovery at the Mako-1 exploration well located approximately 6 miles southeast of the Liza Field in DecemberIncreased estimate of gross discovered recoverable resources for the Stabroek Block to more than 8 billion barrels of oil equivalent... More