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)
New FIDs for Guyana's Stabroek block on the horizon
Meanwhile, the acreage's fourth phase is scheduled to come online this year.
Hess Reports Estimated Results for the Fourth Quarter of 2024
Guyana net production was 195,000 barrels of oil per day (bopd), up 52% from 128,000 bopd in the fourth quarter of 2023
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