Hess reports estimated results for the second quarter of 2024
Hess release
• Net income was $757 million, or $2.46 per share, compared with net income of $119 million, or $0.39 per share, in the second quarter of 2023
• Adjusted net income1 was $809 million, or $2.62 per share, compared with $201 million, or $0.65 per share, in the second quarter of 2023
• Oil and gas net production was 494,000 barrels of oil equivalent per day (boepd), up 28% from 387,000 boepd in the second quarter of 2023
• Bakken net production was 212,000 boepd, up 17% from 181,000 boepd in the second quarter of 2023; Guyana net production was 192,000 barrels of oil per day (bopd), up 75% from 110,000 bopd in the prior-year quarter
• E&P capital and exploratory expenditures were $1,151 million, compared with $933 million in the prior-year quarter
The full release is available here.
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News in: Oil & Gas (Guyana)
Brazil beefs up border security as Venezuela-Guyana tensions rise
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