Hess Corp. (HES) Tops Q4 EPS by 7c, Revenues Beat
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Hess Reports Estimated Results for the Fourth Quarter of 2018
January 30, 2019 7:30 AM ESTKey Highlights:
A tenth discovery on the Stabroek Block, offshore Guyana, was announced at the Pluma-1 exploration well located approximately 17 miles south of the Turbot-1 well Estimate of gross discovered recoverable resources for the Stabroek Block increased to more than 5 billion barrels of oil equivalent (boe); growing resource base further underpins the potential for at least five floating production, storage and offloading vessels (FPSOs) producing more than 750,000 gross barrels of oil per day (bopd) by 2025 Year-end proved reserves were 1,192 million boe, organic reserve replacement for... More