Hess Corp. (HES) Misses Q4 EPS by 18c, Revenues Beat

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Hess Reports Estimated Results for the Fourth Quarter Of 2019

January 29, 2020 7:30 AM EST

Key Developments:

Commenced production on December 20, 2019 from the Liza Phase 1 Development at the Stabroek Block (Hess 30 percent), offshore Guyana Announced a 15th discovery at the Mako-1 exploration well located approximately 6 miles southeast of the Liza Field in December Increased estimate of gross discovered recoverable resources for the Stabroek Block to more than 8 billion barrels of oil equivalent (boe) from the prior estimate of 6 billion boe Announced a 16th discovery at Uaru located approximately 10 miles northeast of the Liza Field in January 2020; the discovery will be incremental... More