May 7, 2020 / 11:48 AM / 3 months ago

Hess posts first-quarter loss on virus-fueled oil rout

May 7 (Reuters) - U.S. oil and gas producer Hess Corp reported a quarterly loss compared with a year-ago profit on Thursday, hurt by $2.25 billion in charges on the back of a coronavirus-induced fall in demand and a plunge in crude prices.

The New York-based company said net loss attributable was $2.43 billion, or $8 per share, in the first quarter ended March 31, compared with a profit of $32 million, or 9 cents per share, a year earlier.

On an adjusted basis, it incurred a loss of 60 cents per share.

Total production, excluding Libya, rose to 344,000 barrels of oil equivalent per day (boepd) from 278,000 boepd. (Reporting by Arunima Kumar in Bengaluru; Editing by Maju Samuel)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below