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Hess Corp (HES.N)

HES.N on New York Stock Exchange

47.87USD
23 Feb 2018
Change (% chg)

$0.79 (+1.68%)
Prev Close
$47.08
Open
$47.15
Day's High
$47.95
Day's Low
$46.95
Volume
970,405
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1,203,184
52-wk High
$55.47
52-wk Low
$37.26

Latest Key Developments (Source: Significant Developments)

Hess Corp Calls Outstanding Notes Due In 2019 For Redemption
Wednesday, 17 Jan 2018 

Jan 16 (Reuters) - Hess Corp ::HESS CORPORATION CALLS OUTSTANDING NOTES DUE IN 2019 FOR REDEMPTION.HESS CORP - ‍IT WILL REDEEM ALL OF ITS 8.125% NOTES DUE FEB. 15, 2019 , OF WHICH $349.6 MILLION PRINCIPAL AMOUNT IS OUTSTANDING AS OF JAN. 16, 2018​.HESS CORP - ‍HESS INTENDS TO USE CASH ON HAND TO FUND REDEMPTION OF NOTES​.HESS CORP - ‍NOTES WILL BE REDEEMED ON FEBRUARY 15, 2018​.  Full Article

Oil firm Aker BP completes takeover of Hess' Norway unit
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Aker Bp Asa ::ACQUISITION OF HESS NORGE COMPLETED.‍ALL CLOSING CONDITIONS HAVE BEEN FULFILLED, AND CLOSING OF TRANSACTION TOOK PLACE ON 22 DECEMBER 2017​.  Full Article

Elliott seeks to remove John Hess as CEO Of Hess Corp - CNBC, citing Dow Jones ‍​
Friday, 15 Dec 2017 

Dec 14 (Reuters) - :ELLIOTT SEEKS TO REMOVE JOHN HESS AS CEO OF HESS CORP. OR GET HIM TO CONSIDER SALE; ALSO SEEKS DIVIDEND CUT, MORE BUYBACKS - CNBC, CITING DOW JONES ‍​.  Full Article

Hess Corp Says Co,Certain Units Amended & Restated Existing 5-Year Credit Agreement Dated As Of Jan 21, 2015
Friday, 8 Dec 2017 

Dec 8 (Reuters) - Hess Corp ::HESS CORP - ON DEC 1 CO,CERTAIN UNITS AMENDED & RESTATED EXISTING 5-YEAR CREDIT AGREEMENT DATED AS OF JANUARY 21, 2015 - SEC FILING.HESS SAYS AGREEMENT PROVIDES FOR UP TO $4 BILLION UNTIL JAN 21, 2020, EXTENDS UPTO $3.7 BILLION OF COMMITMENTS FOR 1-YEAR PERIOD UNTIL JAN 21, 2021.  Full Article

Hess issues statement on impact from incident at Shell Enchilada platform in Gulf of Mexico
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Hess Corp :Hess issues statement on impact from incident at shell enchilada platform in gulf of Mexico.Hess Corp - ‍Hess production is shut in at its Baldpate, Conger and Penn State fields​.Hess Corp - ‍all production coming into garden banks gas pipeline system also remains shut in until further notice​.Hess Corp - ‍production is also shut in at Shell-operated Llano field​.Hess Corp - ‍released statement about impact on its operations resulting from fire at Shell Enchilada platform in Gulf of Mexico​.Hess Corp - ‍Hess production at Baldpate, Conger, Llano and Penn State​ fields is approximately 30 thousand barrels of oil equivalent per day.  Full Article

Exxon aims to boost Permian output 45 pct/year through 2020
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Exxon Mobil Corp :Says no plans to make any share repurchases in Q4.Says will grow Permian rig count to 30 - from 20 currently - by end of 2018.Says will drill first 3-mile lateral in Permian by end of year.Says Permian production will grow 45 percent per year through 2020.Says expects 2018 capital budget 'in the general ballpark' of about $25 billion.Says considering two more phases of Guyana project given recent success in oil project there.  Full Article

Hess reports Q3 adj loss per share of $1.07
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Hess Corp :Hess reports estimated results for the third quarter of 2017.Q3 adjusted loss per share $1.07.Q3 loss per share $2.02.Hess - qtrly ‍net production from Bakken of 103,000 boepd was impacted by reduced field availability due to adverse weather, delays in completing new wells​.Hess Corp - qtrly ‍net production from Gulf of Mexico was 59,000 boepd, compared to 61,000 boepd in prior-year quarter​.Hess Corp qtrly ‍total production was 299,000 barrels of oil equivalent per day (boepd), excluding Libya​.Hess Corp - qtrly total revenues and non-operating income $‍1,666 million versus $1,196 million last year.Q3 earnings per share view $-1.29, revenue view $1.27 billion -- Thomson Reuters I/B/E/S.Hess - ‍Q4 production will be negatively impacted by hurricane-related downtime and expected lower entitlement at JDA as temporary adjustment reverses​.Hess - ‍Q3 results include after-tax gain attributable to stockholders of $280 million associated with sale of enhanced oil recovery assets in Permian Basin​.Hess Corp - ‍E&P Q3 results include noncash after-tax charge of $550 million to impair carrying value of our assets in Norway as result of expected sale​.  Full Article

Hess sells oil and gas interests in Norway for $2 bln
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Hess Corp - :Hess sells interests in Norway; commences process to sell interests in Denmark.An agreement to sell its oil and gas interests in Norway for total proceeds of $2 billion.Implementation of a cost reduction program expected to deliver annual cost savings of more than $150 million starting in 2019.‍Expect to reduce hess corporation debt (excluding midstream) by $500 million in 2018​.‍actions are expected to reduce cash unit production costs by approximately 30 percent - to Less than $10 per boe - by 2020​.‍Hess will commence a process to sell its interests in Denmark, where it holds a 61.5 percent interest in south arne field​.  Full Article

BRISTOW ANNOUNCES NEW CONTRACT WITH HESS CORPORATION FOR SEARCH AND RESCUE
Wednesday, 3 May 2017 

May 3 (Reuters) - Bristow Group Inc :BRISTOW ANNOUNCES NEW CONTRACT WITH HESS CORPORATION FOR SEARCH AND RESCUE.BRISTOW GROUP INC - AS PART OF CONTRACT, HESS JOINS SHELL OFFSHORE AS SECOND MEMBER OF NEW SAR CONSORTIUM FORMED BY BRISTOW.BRISTOW GROUP INC - CO'S AFFILIATE WAS AWARDED A CONTRACT WITH HESS CORPORATION FOR MEDEVAC AND SEARCH AND RESCUE (SAR) SERVICES IN GULF OF MEXICO.  Full Article

Hess Corp calls outstanding notes due in 2017 for redemption
Thursday, 29 Sep 2016 

Hess Corp : Hess corporation calls outstanding notes due in 2017 for redemption . Notes will be redeemed on october 28, 2016 . Will redeem all of its outstanding 1.300% notes due june 15, 2017 .Intends to use proceeds from recent note offering to fund redemption of notes.  Full Article

Aker Energy buys Hess Ghana business, expects first oil in 2021

OSLO Norwegian billionaire Kjell Inge Roekke's Aker Energy plans "significant" oil exploration and production in Ghana after a $100 million deal to buy Hess Corporation's business there.