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Hess announced today that it has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017.

“With the continued success of our asset sale program, we are focusing our portfolio on higher return assets and reducing our breakeven oil price,” CEO John Hess said.

Hess reported a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017 compared with a net loss of $339 million, or $1.12 per common share, in the third quarter of 2016.

When oil and gas companies think digital, they see opportunities to add value by putting technologies such as machine learning, robotics and predictive analytics to use across the entire E&P lifecycle.

Hess has been recognized for climate change stewardship, achieving leadership status in CDP’s 2017 Global Climate Analysis. This is the ninth consecutive year that Hess earned this recognition from CDP, an international nonprofit group seeking to drive sustainable economies.

John Hess, Chief Executive Officer, presented at the Bank of America Merrill Lynch 2017 Global Energy Conference.

Hess announced today that it has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017.

Hess Midstream COO John Gatling describes the benefits Hess and other Bakken producers have realized from the startup of the Johnson's Corner Header System, which delivers crude from McKenzie County in North Dakota to the Dakota Access Pipeline (DAPL).

Hess announced that it has completed the previously announced sale of its subsidiary Hess Norge, which owns interest in the Valhall and Hod fields in Norway, to Aker BP ASA for total proceeds of $2 billion, effective January 1, 2017.

Hess announced positive results from the Ranger-1 exploration well, which is the sixth significant oil discovery on the Stabroek Block, offshore Guyana, since 2015.

NEW YORK, January 11, 2018 -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Monday, February 5, 2018 at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2017 earnings release.