Hess Corp. (HES) Tops Q1 EPS by 48c, Revenues Beat

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Go back to Hess Corp. (HES) Tops Q1 EPS by 48c, Revenues Beat

Hess Reports Estimated Results for the First Quarter Of 2021

April 28, 2021 7:30 AM EDT

Key Developments:

Announced an oil discovery at Uaru-2 on the Stabroek Block, offshore Guyana; adds to the previously announced gross discovered recoverable resource estimate for the block of approximately 9 billion barrels of oil equivalent (boe) Expect to have at least six floating production, storage and offloading vessels (FPSOs) on the Stabroek Block by 2027 See potential for up to 10 FPSOs on the Stabroek Block to develop the current discovered recoverable resource base Agreed to sell nonstrategic interests in Bakken acreage for total... More