Hess Corporation (HES - Free Report) is an integrated energy company engaged in oil and gas Exploration & Production (“E&P”) and refining as well as marketing. The company’s E&P activities are concentrated in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Russia, Thailand, the United Kingdom and the United States.
Currently, Hess Corporation has a Zacks Rank #4 (Sell) but that could change following its second quarter 2017 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Hess Corporation loss wider than expected. Loss per share from continuing operations (excluding special items) came in at $1.46, wider than the Zacks Consensus Estimate of loss of $1.32 per share.
Revenue: Revenues of $1,228 million came above the Zacks Consensus Estimate of $1,192 million.
Key Stats: Quarterly hydrocarbon production was 300 thousand barrels of oil equivalent per day, down 4.2% year over year.
Check back later for our full write up on this Hess Corporation earnings report later!
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