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Hess Corp (HES.N)

HES.N on New York Stock Exchange

51.49USD
10 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Hess Corp - Declared A Regular Quarterly Dividend Of 25 Cents Per Share
Wednesday, 5 Dec 2018 

Hess Corp ::HESS ANNOUNCES REGULAR QUARTERLY DIVIDEND ON COMMON STOCK.HESS CORP - DECLARED A REGULAR QUARTERLY DIVIDEND OF 25 CENTS PER SHARE.  Full Article

Hess Corp says Drilling Completed On Aspy Well
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Hess Corp ::DRILLING COMPLETED ON ASPY WELL.PROSPECT DID NOT ENCOUNTER COMMERCIAL QUANTITIES OF HYDROCARBONS.HESS' SHARE OF WELL COST THROUGH SEPTEMBER 30, 2018 WILL BE EXPENSED IN Q3.DRILLING OF ASPY EXPLORATION WELL OFFSHORE NOVA SCOTIA REACHED TOTAL DEPTH OF 7,400 METERS.  Full Article

Hess Says 2019 E&P Budget Will Be Closer To $3 Bln - Conf Call
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Hess Corp ::SAYS Q4 PRODUCTION WILL BE REDUCED BY ABOUT 10,000 NET BOE/D RELATIVE TO Q3 DUE TO SALE OF UTICA ASSETS- CONF CALL.EXPECTS AMORTIZATION OF PREMIUMS ON SOME HEDGE CONTRACTS TO REDUCE FINANCIAL RESULTS BY ABOUT $50 MILLION IN Q4 - CONF CALL.SAYS 2019 BUDGET WILL BE CLOSER TO $3 BILLION - CONF CALL.EXPECTS CAPITAL AND EXPLORATORY EXPENDITURES TO AVERAGE ABOUT $3 BILLION PER YEAR THROUGH 2025 - CONF CALL.SAYS WILL OPERATE 6 RIGS IN BAKKEN IN 2019, 30 PERCENT HIGHER RIG COUNT THAN 2018 - CONF CALL.PLANS TO BRING 50 PERCENT MORE WELLS ONLINE IN '19 THAN '18 IN BAKKEN- CONF CALL.  Full Article

Hess Reports Estimated Results For Q3 2018
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Hess Corp ::HESS REPORTS ESTIMATED RESULTS FOR THE THIRD QUARTER OF 2018.QTRLY EARNINGS PER SHARE $0.14.QTRLY ADJUSTED EARNINGS PER SHARE $0.38.QTRLY BAKKEN NET PRODUCTION WAS 118,000 BOEPD, UP FROM 103,000 BOEPD IN YEAR-AGO QUARTER.QTRLY TOTAL NET PRODUCTION AVERAGED 279,000 BARRELS OF OIL EQUIVALENT PER DAY, EXCLUDING LIBYA.HESS - FULL YEAR 2018 PRODUCTION GUIDANCE FOR BAKKEN REMAINS 115,000 BOEPD TO 120,000 BOEPD..CASH AND CASH EQUIVALENTS, EXCLUDING MIDSTREAM, WERE $2.6 BILLION AT SEPTEMBER 30, 2018.QTRLY TOTAL REVENUES AND NON-OPERATING INCOME $1,828 MILLION VERSUS $1,644 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.00, REVENUE VIEW $1.54 BILLION -- THOMSON REUTERS I/B/E/S.FULL YEAR 2018 PRODUCTION, EXCLUDING LIBYA, IS NOW EXPECTED TO BE ABOUT 255,000 BOEPD.QTRLY NET PRODUCTION FROM GULF OF MEXICO WAS 71,000 BOEPD, COMPARED TO 59,000 BOEPD IN PRIOR-YEAR QUARTER.HESS - 2018 E&P CAPITAL & EXPLORATORY EXPENDITURES GUIDANCE REMAINS UNCHANGED AT ABOUT $2.1 BILLION.  Full Article

Hess Announces Quarterly Dividend Of 25 Cents Per Share
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - Hess Corp ::HESS ANNOUNCES REGULAR QUARTERLY DIVIDEND ON COMMON STOCK.HESS CORP - DECLARED REGULAR QUARTERLY DIVIDEND OF 25 CENTS PER SHARE.  Full Article

Exxonmobil Adds Ninth Discovery Offshore Guyana
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL ADDS NINTH DISCOVERY OFFSHORE GUYANA.EXXONMOBIL - DISCOVERY ADDS TO ESTIMATED RESOURCE OF MORE THAN 4 BILLION BARRELS.EXXONMOBIL - LIZA PHASE 1 IS EXPECTED TO BEGIN PRODUCING OIL BY EARLY 2020.EXXONMOBIL - LIZA PHASE 1 WILL USE LIZA DESTINY FPSO VESSEL TO PRODUCE UP TO 120,000 BARRELS OF OIL PER DAY.  Full Article

Hess Q2 Loss Per Share $0.48
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Hess Corp ::HESS REPORTS ESTIMATED RESULTS FOR THE SECOND QUARTER OF 2018.Q2 ADJUSTED LOSS PER SHARE $0.23.Q2 LOSS PER SHARE $0.48.QTRLY NET PRODUCTION FROM BAKKEN INCREASED SIX PERCENT TO 114,000 BOEPD FROM 108,000 BOEPD IN YEAR-AGO QUARTER.QTRLY NET PRODUCTION, EXCLUDING LIBYA, WAS 247,000 BOEPD IN Q2 OF 2018, COMPARED TO 294,000 BOEPD IN PRIOR-YEAR QUARTER.QTRLY NET PRODUCTION FROM GULF OF MEXICO WAS 47,000 BOEPD, COMPARED TO 51,000 BOEPD IN PRIOR-YEAR QUARTER.QTRLY TOTAL REVENUES AND NON-OPERATING INCOME $1.57 BILLION VERSUS $1.20 BILLION.SAYS FULL YEAR PRODUCTION GUIDANCE, EXCLUDING LIBYA, CONTINUES TO BE 245,000 BOEPD TO 255,000 BOEPD.SAYS E&P CAPITAL AND EXPLORATORY EXPENDITURES WERE $525 MILLION IN Q2 OF 2018, COMPARED TO $528 MILLION IN PRIOR-YEAR QUARTER.Q2 REVENUE VIEW $1.38 BILLION -- THOMSON REUTERS I/B/E/S.Q2 EARNINGS PER SHARE VIEW $-0.29 -- THOMSON REUTERS I/B/E/S.  Full Article

CNX Announces Deal To Sell Ohio Utica JV Assets For $400 Mln
Friday, 29 Jun 2018 

June 29 (Reuters) - CNX Resources Corp ::PRESS RELEASE - CNX ANNOUNCES AGREEMENT TO SELL OHIO UTICA JOINT VENTURE ASSETS FOR $400 MILLION.CNX RESOURCES SAYS AS A RESULT OF TRANSACTION, CNX EXPECTS TO RECORD A NON-CASH GAIN OF APPROXIMATELY $135 MILLION IN Q3 2018.CNX RESOURCES SAYS DOES NOT EXPECT TO PAY TAXES ON TRANSACTION DUE TO UTILIZATION OF EXISTING NET OPERATING LOSSES.CNX RESOURCES- SEES DIVESTITURE RESULTING IN 10 BCFE REDUCTION TO 2018 PRODUCTION OUTLOOK BASED ON OHIO WET UTICA VOLUMES PLANNED FROM Q3 CLOSE DATE TO YEAR END.CNX RESOURCES - FULL-YEAR 2018 PRODUCTION GUIDANCE IS EXPECTED TO BE 490-515 BCFE, COMPARED TO PREVIOUS GUIDANCE OF 500-525 BCFE.CNX RESOURCES -FOR 2019, 2020, DIVESTITURE EXPECTED TO REDUCE TOTAL PRODUCTION VOLUMES BY 20-25 BCFE, ADJUSTED EBITDAX TO SHAREHOLDERS BY $25-$35 MILLION.CNX RESOURCES SAYS EXPECTS REDUCTION OF ABOUT $15 MILLION TO 2018 EBITAX ATTRIBUTABLE TO CNX SHAREHOLDERS, OR $810-$835 MILLION, VERSUS PREVIOUS GUIDANCE.  Full Article

Hess Announces $400 Mln Sale Of Utica Acreage
Friday, 29 Jun 2018 

June 29 (Reuters) - Hess Corp ::HESS ANNOUNCES SALE OF UTICA ACREAGE.HESS CORP - DEAL FOR APPROXIMATELY $400 MILLION.HESS CORP - DEAL FOR NET CASH CONSIDERATION OF APPROXIMATELY $400 MILLION.HESS CORP - DIVESTITURE CONSISTS OF APPROXIMATELY 39,000 NET ACRES INCLUDING 26,000 NET UNDEVELOPED ACRES.HESS CORP - HESS HOLDS A 50 PERCENT WORKING INTEREST AS PART OF A JOINT VENTURE WITH CNX RESOURCES.HESS CORP - DECIDED TO RETAIN INTERESTS IN DENMARK, WHERE COMPANY HOLDS A 61.5 PERCENT INTEREST IN SOUTH ARNE FIELD AND IS OPERATOR.HESS CORP - OFFERS RECEIVED IN A PREVIOUSLY ANNOUNCED DENMARK SALE PROCESS DID NOT MEET COMPANY'S VALUE EXPECTATIONS.HESS CORP - IN NORMAL COURSE OF BUSINESS, COMPANY WILL CONTINUE TO LOOK AT STRATEGIC OPTIONS FOR DENMARK ASSET.  Full Article

Omega Advisors Takes Share Stake In UnitedHealth, Bristol-Myers Squibb
Tuesday, 15 May 2018 

May 15 (Reuters) - Omega Advisors::OMEGA ADVISORS DISSOLVES SHARE STAKE IN AMERICAN AIRLINES - SEC FILING.OMEGA ADVISORS TAKES SHARE STAKE IN BRISTOL-MYERS SQUIBB OF 468,000 SHARES - SEC FILING.OMEGA ADVISORS TAKES SHARE STAKE IN UNITEDHEALTH GROUP OF 196,300 SHARES - SEC FILING.OMEGA ADVISORS TAKES SHARE STAKE IN THERMO FISHER SCIENTIFIC OF 207,400 SHARES - SEC FILING.OMEGA ADVISORS UPS SHARE STAKE IN OCWEN FINANCIAL TO 14.7 MILLION SHARES FROM 11.1 MILLION SHARES - SEC FILING.OMEGA ADVISORS UPS SHARE STAKE IN HRG GROUP TO 2.1 MILLION SHARES FROM 857,100 SHARES - SEC FILING.OMEGA ADVISORS CUTS SHARE STAKE IN HESS CORP TO 1.4 MILLION SHARES FROM 1.7 MILLION SHARES - SEC FILING.OMEGA ADVISORS UPS SHARE STAKE IN NABORS INDUSTRIES TO 8.3 MILLION SHARES FROM 6.7 MILLION SHARES -SEC FILING.OMEGA ADVISORS - CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017.  Full Article

UPDATE 1-Oil producers Hess, Conoco raise 2019 production outlooks

Dec 10 Hess Corp and ConocoPhillips expect to produce more oil in 2019 than last year without altering their exploration budget in a big way, the two oil and gas producers said on Monday.