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Hess CEO Discusses Climate and Energy in CERAWeek Conversations Series

Press release content from Business Wire. The AP news staff was not involved in its creation.
Hess CEO Discusses Climate and Energy in CERAWeek Conversations Series
February 17, 2021 GMT
NEW YORK--(BUSINESS WIRE)--Feb 17, 2021--
John Hess, CEO of Hess Corporation (NYSE: HES), shares his perspective on a range of energy issues in the latest edition of the CERAWeek Conversations series. In a discussion with IHS Markit Vice Chairman Daniel Yergin, Hess describes the need for climate and energy literacy in order to tackle the critical challenge of climate change, the vital importance of the oil and gas industry to the U.S. economy, and the company’s strategic focus. The video is available here.

New-york , United-states , Guyana , Paris , France-general , France , Daniel-yergin , Lorrie-hecker , John-hess , Jay-wilson , Hess-corporation , Exxonmobil

Hess Reports Estimated Results for the Fourth Quarter of 2020

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Business Wire
Hess Reports Estimated Results for the Fourth Quarter of 2020
Fourth Quarter Financial and Operational Highlights:
Net loss was $97 million, or $0.32 per common share, compared with a net loss of $222 million, or $0.73 per common share in the fourth quarter of 2019
Adjusted net loss1 was $176 million, or $0.58 per common share, compared with an adjusted net loss of $180 million, or $0.60 per common share in the prior-year quarter
Completed the sale of the Corporation's 28% working interest in the Shenzi Field in the deepwater Gulf of Mexico for net proceeds of $482 million, after closing adjustments
Oil and gas net production, excluding Libya, averaged 309,000 barrels of oil equivalent per day (boepd), down from 316,000 boepd in the fourth quarter of 2019; Bakken net production was 189,000 boepd, up 9% from 174,000 boepd in the prior-year quarter

New-york , United-states , Malaysia , Thailand , Denmark , Stabroek , Demerara-mahaica , Guyana , Libya , North-dakota , Lorrie-hecker , John-hess