Hess Corp. (HES) Tops Q1 EPS by 4c
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Hess Reports Estimated Results for the First Quarter Of 2020
May 7, 2020 7:30 AM EDTKey Developments:
Implemented COVID-19 plans and precautions to protect the health and safety of our workforce and the communities where we operate and to maintain business continuity Reduced Exploration and Production (E&P) capital and exploratory budget for 2020 by 37 percent to $1.9 billion from the original budget of $3.0 billion Have crude oil put options in place for more than 80 percent of forecast 2020 net oil production; fair value of $1.1 billion at March 31, 2020 Chartered three very large crude... More