Hess Corp. (HES) Tops Q2 EPS by 6c; Revises Outlook
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Hess Reports Estimated Results for the Second Quarter Of 2021
July 28, 2021 7:30 AM EDTKey Developments:
Announced a significant new oil discovery at Whiptail on the Stabroek Block, offshore Guyana; adds to previous gross discovered recoverable resource estimate for the block of approximately 9 billion barrels of oil equivalent (boe) Reduced debt by $500 million in July by prepaying half of the Corporation's $1 billion term loan maturing in March 2023 Expect to receive net proceeds of approximately $375 million in the third quarter from an agreement announced today by Hess Midstream LP to repurchase from its... More