Hess Corp. (HES) Misses Q3 EPS by 16c

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Hess Reports Estimated Results for the Third Quarter of 2021

October 27, 2021 7:30 AM EDT

Key Developments:

Announced an increase to the gross discovered recoverable resource estimate on the Stabroek Block, offshore Guyana, to approximately 10 billion barrels of oil equivalent (boe), up from the previous estimate of more than 9 billion boe Announced the 19th, 20th and 21st significant discoveries on the Stabroek Block at Whiptail, Pinktail and Cataback The Liza Unity floating production, storage and offloading vessel (FPSO) arrived at the Stabroek Block on October 25th; production from Phase 2 is on track to startup in early 2022

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