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Hess today reported a net loss of $6 million, or $0.02 per common share, in the second quarter of 2019, compared with a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $28 million, or $0.09 per common share, in the second quarter of 2019, compared with an adjusted net loss of $56 million, or $0.23 per common share, in the prior-year quarter. The improved after-tax adjusted results reflect increased U.S. crude oil production and reduced exploration expenses, partially offset by the impact of lower realized selling prices and higher depreciation, depletion and amortization expenses.

Hess’ 2018 Sustainability Report provides a comprehensive review of the company’s strategy and performance on environmental, social and governance programs and initiatives.

Hess will hold a conference call on Wednesday, July 31, 2019 at 10 a.m. ET to discuss its second quarter 2019 earnings release.

Hess’ financial and production metrics have experienced a marked increase following its move to plug-and-perf (PNP) completion designs and improved well spacing after the price collapse of 2014. The company reported in its December 2018 investor presentation that its adoption of PNP completions is forecast to result in increases in production to about 200,000 boe/d and net present value by about $1 billion.

The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 28, 2019 to holders of record at the close of business on June 17, 2019.

Farm Rescue, a nonprofit organization that provides planting, harvesting, haying and hay hauling assistance free of charge to farm and ranch families who have experienced a major illness, injury or natural disaster, received $50,000 in donated funds from Hess Corporation.

Hess Corporation announced that John Hess, Chief Executive Officer, will present at the Bernstein 35th Annual Strategic Decisions Conference in New York May 29 at 3:30 p.m. ET.

With exports from the Bakken formation centered on western North Dakota already heading to Asian and European markets, the future for North American shale and onshore production, for at least the next two decades, appears promising, according to Barry Biggs, Vice President of Onshore for Hess.

When asked what drew her to Hess as an employer, Kehinde Ekweribe responds: “I looked for four major qualities while evaluating potential employers: career growth opportunities, domestic and international footprint, social responsibility and a diverse and inclusive work environment.”

Hess has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens of 2019. The annual list recognizes public companies across the U.S. for outstanding environmental, social and governance transparency and performance.

At the recent Milken Institute Global Conference, CEO John Hess addressed a range of energy topics – from market trends to climate change -- with other energy leaders.