Hess Corp. (HES) Tops Q2 EPS by 11c, Revenues Miss
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Hess Reports Estimated Results for the Second Quarter Of 2020
July 29, 2020 7:30 AM EDTSecond Quarter Financial and Operational Highlights:
Net loss was $320 million, or $1.05 per common share, compared with a net loss of $6 million, or $0.02 per common share (adjusted net loss1 of $28 million, or $0.09 per common share) in the second quarter of 2019 Oil and gas net production, excluding Libya, averaged 334,000 barrels of oil equivalent per day (boepd), up from 273,000 boepd in the second quarter of 2019; Bakken net production was 194,000 boepd, up 39% from 140,000 boepd in the prior-year quarter Crude oil put option contracts are in place for... More