Hess Corp HES

Energy Oil & Gas E&P

Hess Corporation is an exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations located in the United States (U.S.), Guyana, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. The Company operates through two segments: E&P and Midstream. The E&P operating segment explores for, develops, produces, purchases and sells crude oil, NGL and natural gas. The Midstream operating segment provides fee-based services, including gathering, compressing and processing natural gas and fractionating NGL; gathering, terminating, loading and transporting crude oil and NGL; storing and terminating propane, and water handling services primarily in the Bakken shale play of North Dakota. The Company conducts exploration activities primarily offshore Guyana, in the U.S. Gulf of Mexico, and offshore Suriname.

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Hess Corp

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Post by 1Derrickon Apr 29, 2015 9:22am

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Hess Suffers $389 Million Loss in Q1-2015

Hess reported a net loss of $389 million in Q1-2015, compared to $386 million profit in Q1-2014. Total revenue and non-operating income in Q1-2015 was $1.5 billion, down 42% YoY. Capex for the quarter was 5% YoY higher at $1.3 billion.

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