Newsroom

Hess announced today that it has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of $312 million, effective March 1, 2021.

Hess announced that it will hold a conference call on Wednesday, April 28, 2021 at 10 a.m. Eastern Time to discuss its first quarter 2021 earnings release.

Hess announced today that John Hess, Chief Executive Officer, will speak at the 49th Annual Scotia Howard Weil Energy Conference on March 23, 2021 at 10:00 a.m. Eastern Time.

Hess announced today that it has entered into an agreement to sell its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective January 1, 2021.

Hess announced today that John Hess, Chief Executive Officer, will speak at the Credit Suisse 26th Annual Energy Summit on March 1, 2021 at 8:10 a.m. Eastern Time. A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website.

Hess has been recognized on both the @Bloomberg 2021 Gender-Equality Index and the @Human Rights Campaign’s 2021 Corporate Equality Index for our commitment to diversity, societal changes that address racial inequities, and being inclusive. The Bloomberg GEI tracks the financial performance of public companies committed to supporting gender equality through policy development, representation, and transparency. The HRC assesses LBGTQ practices at companies for the Corporate Equality Index. The CEI helps guide the wide-scale adoption of LGBTQ-specific practices and language within existing business structures.

Hess today announced that it is donating $1 million to the Houston Harris County 2021 Winter Storm Relief Fund and $1 million to the Houston Food Bank following the severe winter storm that has significantly impacted communities already suffering from the economic effects of the COVID-19 pandemic. The company will also match donations made by employees through its matching gift program.

CEO John Hess 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.

Hess Board member Edith E. Holiday is featured in the January issue of NAPE Magazine in an article about women on the boards of energy companies.

Hess today reported a net loss of $97 million, or $0.32 per common share, in the fourth quarter of 2020, compared with a net loss of $222 million, or $0.73 per common share, in the fourth quarter of 2019. On an adjusted basis, the Corporation reported a net loss of $176 million, or $0.58 per common share, in the fourth quarter of 2020, compared with an adjusted net loss of $180 million, or $0.60 per common share, in the prior-year quarter.

Hess today announced a 2021 Exploration & Production capital and exploratory budget of $1.9 billion, of which more than 80% will be allocated to Guyana and the Bakken.