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CORPORATE STRATEGY

Hess Hones Dual Focus on Shale, Deepwater

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Marc Morrison/HESS
  • Hess is relying on a diverse base of conventional and unconventional assets to implement its strategy of increasing output and free cash flow.
  • Up to 75% of free cash flow generated over 2021-26 has been earmarked for investors, as E&Ps face pressure to boost shareholder returns.
  • The independent is having to play catch-up on its peers in terms of setting and implementing a net-zero emissions target.

The Issue

Topics:
Exploration, Offshore Oil and Gas, Deepwater, Upstream Projects, Corporate Strategy , Capital Spending, Earnings, Independent E&Ps, Shale
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