Hess Reports Estimated Results for the Second Quarter of 2019
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Hess Corp. (HES) Tops Q2 EPS by 2c, Revenues Beat
July 31, 2019 7:35 AM EDTHess Corp. (NYSE: HES) reported Q2 EPS of ($0.09), $0.02 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.55 billion.
Key Developments:
The Liza Destiny floating production, storage and offloading vessel (FPSO), with a capacity to produce up to 120,000 gross barrels of oil per day (bopd), has set sail from Singapore and is expected to arrive on the Stabroek Block (Hess - 30 percent), offshore Guyana in September 2019; first oil from Liza Phase 1 is expected by the first quarter of 2020Sanctioned the... More