Hess Hones Dual Focus on Shale, Deepwater

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
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

Exploration, Offshore Oil and Gas, Deepwater, Upstream Projects, Corporate Strategy , Capital Spending, Earnings, Independent E&Ps, Shale
Wanda Ad #2 (article footer)
The company's spending plans for the next five years put it in a similar league to Western majors, with growth in LNG a key focus.
Fri, Mar 24, 2023
Oilfield service companies in Russia expect reduced demand from customers as a result of Moscow's decision to scale back crude production.
Fri, Mar 24, 2023
Even as its oil and gas demand rises at one of the fastest rates in the world, India continues to struggle to increase domestic production.
Thu, Mar 23, 2023