Hess records US$73M loss for second quarter

  • Published on: Jul 28, 2021 - 10:14 AM
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Hess records US$73M loss for second quarter Hess Corporation today reported a net loss of US$73 million, or US$0.24 per common share, in the second quarter of 2021, compared with a net loss of US$320 million, or us$1.05 per common share, in the second quarter of 2020. On an adjusted basis, it said net income in the second quarter of 2021 was US$74 million, or US$0.24 per common share. The oil exploration and production company with a 30 percent stake in the Stabroek Block said this improvement in adjusted after-tax results compared with the prior-year period primarily reflects higher realized selling prices in the second quarter of 2021 …
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