Hess Reports Estimated Results for the Third Quarter of 2018 - News Summed Up

Hess Reports Estimated Results for the Third Quarter of 2018


A reconciliation of net income (loss) attributable to Hess Corporation to adjusted net income (loss) attributable to Hess Corporation is provided on page 7. On an adjusted basis, third quarter 2018 net income was $203 million, compared to a net loss of $238 million in the prior-year quarter. Excluding assets sold in 2017 and Libya, third quarter 2017 net production was 249,000 boepd. Production was 10,000 boepd in the third quarter of 2018, 17,000 boepd in third quarter of 2017 and 13,000 boepd in the second quarter of 2018. (d) Production from Libya was 18,000 boepd in the third quarter of 2018, 12,000 boepd in the third quarter of 2017 and 18,000 boepd in the second quarter of 2018.


Source: Libya Today October 31, 2018 11:26 UTC



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