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2Q17 Suplemental Earnings Information – Hess Corp

Hess Corp · Jul 6, 2017 · 27 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2Q17 Suplemental Earnings Information – Hess Corp – slide 1
    Supplemental Earnings Information Second Quarter 2017
  2. 2Q17 Suplemental Earnings Information – Hess Corp – slide 2
    OPERATING RESULTS 1
  3. 2Q17 Suplemental Earnings Information – Hess Corp – slide 3
    Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity In Millions, Except Per Share Data 2Q 2Q 1Q 2017 2016 2017 Net Income (Loss) Attributable to Hess Corporation (U.S. GAAP)…
  4. 2Q17 Suplemental Earnings Information – Hess Corp – slide 4
    Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity (Contd) In Millions, Except Per Share Data 2Q 2Q 1Q 2017 2016 2017 Adjusted Net Income (Loss)* Exploration and Production…
  5. 2Q17 Suplemental Earnings Information – Hess Corp – slide 5
    Items Affecting Comparability of Earnings Between Periods (Amounts, After Income Taxes) 2Q 2016 Exploration and Production Results include: A charge of 52 million to write-off the Sicily 1 exploration well in the Gulf of Mexico,…
  6. 2Q17 Suplemental Earnings Information – Hess Corp – slide 6
    Consolidated Adjusted Net Income (Loss) In Millions 2Q 2017 vs. 2Q 2016 2Q 2017 vs. 1Q 2017 75 75 (335) (449) (324) (449) - - (75) (75) (150) (150) (225) (225) (300) (83) (300) (121) (375) 5 (36) (375) (2) (2) (450) (450)…
  7. 2Q17 Suplemental Earnings Information – Hess Corp – slide 7
    Analysis of Consolidated Adjusted Net Income (Loss) 2Q 2017 vs. 2Q 2016 Exploration and Production The decrease in results primarily reflects a lower effective tax rate and lower sales volumes, partially offset by higher realized…
  8. 2Q17 Suplemental Earnings Information – Hess Corp – slide 8
    Exploration and Production Adjusted Net Income (Loss) In Millions 2Q 2017 vs. 2Q 2016 2Q 2017 vs. 1Q 2017 75 75 25 (271) (354) 25 (233) (354) (25) (25) (75) (75) (125) (125) (175) (175) 61 (152) (225) 28 (64) (225) (51) 44…
  9. 2Q17 Suplemental Earnings Information – Hess Corp – slide 9
    Midstream Adjusted Net Income In Millions 2Q 2017 vs. 2Q 2016 2Q 2017 vs. 1Q 2017 35 35 19 (1) 30 0 (13) 30 7 0 (5) 25 25 (4) 20 20 18 16 16 15 15 11 10 10 5 5 - - 2Q 2016 Revenue DD&A Operating NCI 2Q 2017 1Q 2017…
  10. 2Q17 Suplemental Earnings Information – Hess Corp – slide 10
    Worldwide Oil & Gas Production In MBOEPD 2Q 2017 vs. 2Q 2016 2Q 2017 vs. 1Q 2017 350 350 313 (10) 311 (9) 0 (1) (2) 300 (4) (3) 5 300 4 300 6 300 6 250 250 200 200 150 294 150 33074 294 100 100 50 50 - - 2Q 2016…
  11. 2Q17 Suplemental Earnings Information – Hess Corp – slide 11
    Capital and Exploratory Expenditures In Millions 2Q 2017 vs. 2Q 2016 Three Months Ended June 30, 600 2017 2016 550 E&P Capital and Exploratory Expenditures 20 United States 68 500 Bakken 148 88 82 Other Onshore 9 21 450…
  12. 2Q17 Suplemental Earnings Information – Hess Corp – slide 12
    Capital and Exploratory Expenditures (Contd) In Millions 2Q 2017 YTD vs. 2Q 2016 YTD Six Months Ended June 30, 1,200 2017 2016 1,100 E&P Capital and Exploratory Expenditures 104 United States 1,000 Bakken 238 204 48 Other…
  13. 2Q17 Suplemental Earnings Information – Hess Corp – slide 13
    FINANCIAL INFORMATION 12
  14. 2Q17 Suplemental Earnings Information – Hess Corp – slide 14
    Consolidating Income Statement 2Q 2017 In Millions, Except Unit Costs Data Three Months Ended June 30, 2017 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+B+C+D Revenue and…
  15. 2Q17 Suplemental Earnings Information – Hess Corp – slide 15
    Consolidating Income Statement 2Q 2016 In Millions, Except Unit Costs Data Three Months Ended June 30, 2016 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+B+C+D Revenue and…
  16. 2Q17 Suplemental Earnings Information – Hess Corp – slide 16
    Consolidating Income Statement 2Q 2017 YTD In Millions, Except Unit Costs Data Six Months Ended June 30, 2017 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+B+C+D Revenue and…
  17. 2Q17 Suplemental Earnings Information – Hess Corp – slide 17
    Consolidating Income Statement 2Q 2016 YTD In Millions, Except Unit Costs Data Six Months Ended June 30, 2016 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+B+C+D Revenue and…
  18. 2Q17 Suplemental Earnings Information – Hess Corp – slide 18
    OTHER INFORMATION 17
  19. 2Q17 Suplemental Earnings Information – Hess Corp – slide 19
    2017 Guidance to Investors (1) GUIDANCE ACTUAL Full Year 3Q 2Q 1Q Production - Thousand Barrels of Oil Equivalent Per Day (MBOEPD) Total - excluding Libya 305 - 310 295 - 305 294 307 Q4: 325 - 335 Bakken 105 105 - 110 108 99…
  20. 2Q17 Suplemental Earnings Information – Hess Corp – slide 20
    BAKKEN OPERATIONAL DATA 19
  21. 2Q17 Suplemental Earnings Information – Hess Corp – slide 21
    Bakken Production - 2017 Net Production by Product 2017 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 68 68 67 NGL MBBLPD 26 29 23 Gas MMCFPD 59 66 53 (1) Total MBOEPD 103 108 99 Net Production by Operatorship 2017 YTD Avg 4Q 3Q 2Q 1Q…
  22. 2Q17 Suplemental Earnings Information – Hess Corp – slide 22
    Bakken Production - 2016 Net Production by Product 2016 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 68 62 67 69 73 NGL MBBLPD 27 24 29 27 27 Gas MMCFPD 61 52 66 59 67 (1) Total MBOEPD 105 95 107 106 111 Net Production by Operatorship 2016…
  23. 2Q17 Suplemental Earnings Information – Hess Corp – slide 23
    Bakken Operational Well Statistics - 2017 Hess Operated Wells 2017 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 3 4 2 Drilling Days Spud-to-Spud 15 15 15 2017 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 34 23 11 Completion…
  24. 2Q17 Suplemental Earnings Information – Hess Corp – slide 24
    Bakken Operational Well Statistics - 2016 Hess Operated Wells 2016 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 3 2 3 3 4 Drilling Days Spud-to-Spud 17 17 16 16 18 2016 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 71 11 21…
  25. 2Q17 Suplemental Earnings Information – Hess Corp – slide 25
    Hess Operated Bakken Wells Brought on Production by County and Formation Bakken Wells 35 McKenzie_3F McKenzie_MB Mountrail_3F Mountrail_MB Williams_3F Williams_MB 30 3 2 25 3 5 3 5 20 6 4 9 4 15 4 4 8 10…
  26. 2Q17 Suplemental Earnings Information – Hess Corp – slide 26
    Bakken Well Costs, Working Interest and Acreage - 2017 Average Well Cost - Hess Operated 2017 YTD Avg 4Q 3Q 2Q 1Q Drilling MM/Well 2.7 2.7 2.7 Completion MM/Well 1.8 1.8 1.8 Total(1) MM/Well 4.5 4.5 4.5 Average Working…
  27. 2Q17 Suplemental Earnings Information – Hess Corp – slide 27
    Bakken Well Costs, Working Interest and Acreage - 2016 Average Well Cost - Hess Operated 2016 YTD Avg 4Q 3Q 2Q 1Q Drilling MM/Well 2.9 2.7 2.8 2.9 3.1 Completion MM/Well 1.9 1.9 1.9 1.9 2.0 Total(1) MM/Well 4.8 4.6 4.7 4.8 5.1…

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