Skip to main content 2Q 2019 Earnings Presentation – Hess Corp | Shale Experts
Loading...
Pm

2Q 2019 Earnings Presentation – Hess Corp

Hess Corp · Jul 31, 2019 · 29 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. 2Q 2019 Earnings Presentation – Hess Corp – slide 1
    Supplemental Earnings Information Second Quarter 2019
  2. 2Q 2019 Earnings Presentation – Hess Corp – slide 2
    OPERATING RESULTS 1
  3. 2Q 2019 Earnings Presentation – 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 2019 2018 2019 Net Income (Loss) Attributable to Hess Corporation (U.S. GAAP)…
  4. 2Q 2019 Earnings Presentation – 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 2019 2018 2019 Adjusted Net Income (Loss)* Exploration and Production 46…
  5. 2Q 2019 Earnings Presentation – Hess Corp – slide 5
    Items Affecting Comparability of Earnings Between Periods (Amounts, After Income Taxes) 2Q 2019 Exploration and Production Results included: A gain of 22 million associated with the sale of the Corporations remaining acreage in the…
  6. 2Q 2019 Earnings Presentation – Hess Corp – slide 6
    Consolidated Adjusted Net Income (Loss) In Millions 2Q 2019 vs. 2Q 2018 2Q 2019 vs. 1Q 2019 75 75 50 50 32 (63) 25 25 (56) (28) (28) - - 5 (2) 25 (2) 5 (25) (25) (50) (50) (75) (75) 2Q 2018 Exploration & Midstream…
  7. 2Q 2019 Earnings Presentation – Hess Corp – slide 7
    Analysis of Consolidated Adjusted Net Income (Loss) 2Q 2019 vs. 2Q 2018 Exploration and Production The increase in earnings primarily reflects increased U.S. crude oil production and reduced exploration expenses, partially offset by…
  8. 2Q 2019 Earnings Presentation – Hess Corp – slide 8
    Exploration and Production Adjusted Net Income (Loss) In Millions 2Q 2019 vs. 2Q 2018 2Q 2019 vs. 1Q 2019*** 150 150 125 19 (52) 125 109 (27) 100 133 (1) 100 (7) (9) 75 75 (8) (11) (12) 46 46 50 50 21 (63) 25 25 - -…
  9. 2Q 2019 Earnings Presentation – Hess Corp – slide 9
    Midstream Adjusted Net Income In Millions 2Q 2019 vs. 2Q 2018 2Q 2019 vs. 1Q 2019 50 50 45 45 12 (13) 40 40 37 0 (2) 3 35 (2) 3 35 35 35 (1) 0 9 30 30 (2) 30 (4) 25 25 20 20 15 15 10 10 5 5 - - 2Q 2018 Revenue…
  10. 2Q 2019 Earnings Presentation – Hess Corp – slide 10
    Worldwide Oil & Gas Production In MBOEPD 2Q 2019 vs. 2Q 2018 2Q 2019 vs. 1Q 2019 350 350 299 4 0 (1) (9) 29 1 2 (4) 293 293 300 300 265 20 21 20 13 250 250 18 200 200 150 150 273 278 273 234 100 100 50 50 - - 2Q…
  11. 2Q 2019 Earnings Presentation – Hess Corp – slide 11
    Capital and Exploratory Expenditures In Millions Three Months Ended 2Q 2019 vs. 2Q 2018 June 30, 2019 2018 800 E&P Capital and Exploratory Expenditures United States 700 69 North Dakota 322 242 Offshore and Other 139 117 107…
  12. 2Q 2019 Earnings Presentation – Hess Corp – slide 12
    Capital and Exploratory Expenditures (Contd) In Millions Six Months Ended 2Q 2019 YTD vs. 2Q 2018 YTD June 30, 2019 2018 1,600 E&P Capital and Exploratory Expenditures United States 1,400 North Dakota 593 408 Offshore and…
  13. 2Q 2019 Earnings Presentation – Hess Corp – slide 13
    FINANCIAL INFORMATION 12
  14. 2Q 2019 Earnings Presentation – Hess Corp – slide 14
    Consolidating Income Statement 2Q 2019 In Millions, Except Unit Costs Data Three Months Ended June 30, 2019 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D Revenue…
  15. 2Q 2019 Earnings Presentation – Hess Corp – slide 15
    Consolidating Income Statement 2Q 2018 In Millions, Except Unit Costs Data Three Months Ended June 30, 2018 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D Revenue…
  16. 2Q 2019 Earnings Presentation – Hess Corp – slide 16
    Consolidating Income Statement 2Q 2019 YTD In Millions, Except Unit Costs Data Six Months Ended June 30, 2019 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D Revenue…
  17. 2Q 2019 Earnings Presentation – Hess Corp – slide 17
    Consolidating Income Statement 2Q 2018 YTD In Millions, Except Unit Costs Data Six Months Ended June 30, 2018 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D Revenue…
  18. 2Q 2019 Earnings Presentation – Hess Corp – slide 18
    OTHER INFORMATION 17
  19. 2Q 2019 Earnings Presentation – Hess Corp – slide 19
    2019 Guidance to Investors (1) GUIDANCE ACTUAL Full Year 3Q 2Q 1Q Production - Thousand Barrels of Oil Equivalent Per Day (MBOEPD) Total - excluding Libya 275 - 280 270 - 280 273 278 Bakken 140 - 145 145 - 150 140 130 (2) Unit…
  20. 2Q 2019 Earnings Presentation – Hess Corp – slide 20
    Bakken Competitively advantaged infrastructure supports Bakken development Hess Bakken Footprint Strategic infrastructure supporting Hess Bakken development Export flexibility provides access to highest value markets 70% volume…
  21. 2Q 2019 Earnings Presentation – Hess Corp – slide 21
    Q2 2019: Net Hess Cash Outflow Bakken Net Production Q2 2019 Bakken Net Production (MBOEPD) 140 Bakken Net Production (MMBOE) 12.7 Midstream Tariffs on Hess Net Production Millions /BOE Description: Midstream Segment Revenue (1)…
  22. 2Q 2019 Earnings Presentation – Hess Corp – slide 22
    BAKKEN OPERATIONAL DATA 21
  23. 2Q 2019 Earnings Presentation – Hess Corp – slide 23
    Bakken Production - 2019 Net Production by Product 2019 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 86 86 85 NGL MBBLPD 35 37 33 Gas MMCFPD 86 99 74 Total MBOEPD(1) 135 140 130 Net Production by Operatorship 2019 YTD Avg 4Q 3Q 2Q 1Q Operated…
  24. 2Q 2019 Earnings Presentation – Hess Corp – slide 24
    Bakken Production - 2018 Net Production by Product 2018 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 76 83 76 72 72 NGL MBBLPD 29 31 30 31 28 Gas MMCFPD 70 74 72 68 66 Total MBOEPD(1) 117 126 118 114 111 Net Production by Operatorship 2018…
  25. 2Q 2019 Earnings Presentation – Hess Corp – slide 25
    Bakken Operational Well Statistics - 2019 Hess Operated Wells 2019 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 6 6 6 Drilling Days Spud-to-Spud 14 14 14 2019 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 77 39 38 Completion…
  26. 2Q 2019 Earnings Presentation – Hess Corp – slide 26
    Bakken Operational Well Statistics - 2018 Hess Operated Wells 2018 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 5 6 5 4 4 Drilling Days Spud-to-Spud 15 14 15 14 15 2018 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 121 36 34 28…
  27. 2Q 2019 Earnings Presentation – Hess Corp – slide 27
    Hess Operated Bakken Wells Brought on Production by County and Formation Bakken Wells 45 McKenzie_3F McKenzie_MB Mountrail_3F Mountrail_MB Williams_3F Williams_MB 40 4 35 6 6 30 5 5 1 25 7 4 4 4 20 10 5 6 5 4 15 3…
  28. 2Q 2019 Earnings Presentation – Hess Corp – slide 28
    Bakken Well Costs, Working Interest and Acreage - 2019 Average Well Cost - Hess Operated 2019 YTD Avg 4Q 3Q 2Q 1Q Drilling MM/Well 2.6 2.6 2.5 Completion MM/Well 4.5 4.4 4.8 (1) Total MM/Well 7.1 - - 7.0 7.3 Average Working…
  29. 2Q 2019 Earnings Presentation – Hess Corp – slide 29
    Bakken Working Interest and Acreage - 2018 Average Working Interest of New Wells Spud Each Quarter 2018 YTD Avg 4Q 3Q 2Q 1Q Hess Operated % 84% 84% 86% 79% 88% Net Acreage Position 2018 4Q 3Q 2Q 1Q Total Acreage '000 acres 543…

From the store

Browse maps, data & reports in the Shale Experts store