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Hess announced it has made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval from the government of Guyana. Payara is the third oil development on the Stabroek Block; gross production capacity from the three developments is expected to reach approximately 560,000 barrels of oil per day in 2024.

John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan U.S. All Stars Conference September 15 at noon Eastern Time. A live webcast and a replay of the discussion will be accessible via Hess Corporation’s website.

Hess today announced another oil discovery offshore Guyana at the Redtail-1 well, the 18th discovery on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block of more than 8 billion barrels of oil equivalent.

Hess announced that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 9, 2020 at 8:25 a.m. ET.

Hess today reported a net loss of $320 million, or $1.05 per common share, in the second quarter of 2020, compared with a net loss of $6 million, or $0.02 per common share, in the second quarter of 2019. On an adjusted basis, the second quarter 2019 net loss was $28 million, or $0.09 per common share.

Hess Corporation announced publication of its 23rd annual sustainability report, which provides a comprehensive review of the company’s strategy and performance on environmental, social and governance (ESG) programs and initiatives.

Hess announced that it will hold a conference call on Wednesday, July 29, 2020 at 10 a.m. Eastern Time to discuss its second quarter 2020 earnings release.

Hess has once again been recognized as the No. 1 oil and gas company on the 100 Best Corporate Citizens list, ranking No. 9 on the 2020 list for outstanding environmental, social and governance (ESG) transparency and performance. The annual list ranks the Russell 1000 Index of U.S. public companies based on an independent assessment by ISS-ESG.

John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan 2020 Energy, Power & Renewables Conference June 16 at 4:20 p.m. Eastern Time. A live audio webcast and a replay of the discussion will be accessible via Hess Corporation’s website.

Hess Corporation (NYSE: HES) today reported a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020, including impairment and other after-tax charges of $2,251 million resulting from the low price environment, compared with net income of $32 million, or $0.09 per common share, in the first quarter of 2019. On an adjusted basis, the Corporation reported a net loss of $182 million, or $0.60 per common share, in the first quarter of 2020.

Hess announced that it will hold a conference call on Thursday, May 7, 2020 at 10 a.m. Eastern Time to discuss its first quarter 2020 earnings release.