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Hess Corporation Message Board

  • bluecheese4u bluecheese4u Jan 30, 2013 11:19 PM Flag

    HESS REPORTS ESTIMATED RESULTS FOR THE FOURTH QUARTER OF 2012

    HESS REPORTS ESTIMATED RESULTS FOR THE FOURTH QUARTER OF 2012

    Fourth Quarter Highlights:

    ● Net income was $566 million, compared with a net loss of $131 million in the fourth quarter of 2011


    ● Net income excluding items affecting comparability between periods was $409 million compared with $394 million in the fourth quarter of 2011


    ● Oil and gas production increased to 396,000 barrels of oil equivalent per day, up from 367,000 in the fourth quarter of 2011


    ● Net cash provided by operating activities was $1,570 million, compared with $1,138 million in the fourth quarter of 2011


    ● Year-end total proved reserves were 1,553 million barrels of oil equivalent; reserve replacement for 2012 was 141 percent

    NEW YORK, January 30, 2013 -- Hess Corporation (NYSE: HES) reported net income of $566 million for the fourth quarter of 2012, compared with a net loss of $131 million for the fourth quarter of 2011. The after-tax income (loss) by major operating activity was as follows:

    secDOTgov/Archives/edgar/data/4447/000115752313000335/a50544994ex991.htm

 
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