Headquarters

1185 Avenue of the Americas
New York City, New York
Exploration and production: 1501 McKinney Street
Houston, Texas
Website: www.hess.com

Hess Q3 2017 Highlights

• Net loss was $624 million, or $2.02 per common share, compared with a net loss of $339 million, or $1.12 per common share, in the third quarter of 2016; Third quarter 2017 results include a noncash charge for Norway of $550 million after-tax and a $280 million after-tax gain on an asset sale
• Adjusted net loss was $324 million, or $1.07 per common share, compared to an adjusted net loss of $340 million, or $1.12 per common share, in the third quarter of last year
• Total production was 299,000 barrels of oil equivalent per day (boepd), excluding Libya; Bakken production was 103,000 boepd
• Commenced production in July at North Malay Basin, offshore Malaysia (Hess operated – 50 percent) with current production of approximately 155 million cubic feet per day (mmcfd)
• A fifth oil discovery on the Stabroek block, offshore Guyana, was announced at the Turbot-1 prospect located approximately 30 miles to the southeast of the Liza phase one project
• Completed the sale of our interests in enhanced oil recovery assets in the Permian Basin for net proceeds of $597 million, after closing adjustments
• E&P capital and exploratory expenditures were $558 million for the quarter and $1,479 million for nine months ended September 30, 2017
• Cash and cash equivalents were $2.5 billion at September 30, 2017