Fourth Quarter 2020 Earnings Presentation – Hess Corp

Hess Corp · Jan 1, 2021 · 29 slides

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Slides

Supplemental Earnings Information Fourth Quarter 2020
OPERATING RESULTS 1
Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity In Millions, Except Per Share Data 4Q 4Q 3Q 2020 2019 2020 Net Income (Loss) Attributable to Hess Corporation (U.S. GAAP)…
Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity (Contd) In Millions, Except Per Share Data 4Q 4Q 3Q 2020 2019 2020 Adjusted Net Income (Loss)* Exploration and Production…
Items Affecting Comparability of Earnings Between Periods (Amounts, After Income Taxes) 4Q 2020 Exploration and Production Results included: A gain of 79 million associated with the sale of the Corporations 28% working interest in the…
Items Affecting Comparability of Earnings Between Periods (Contd) (Amounts, After Income Taxes) 3Q 2020 Exploration and Production Results included: A charge for severance of 26 million related to cost reduction initiatives. The…
Consolidated Adjusted Net Income (Loss) In Millions 4Q 2020 vs. 4Q 2019 4Q 2020 vs. 3Q 2020 45 45 (180) (176) (216) (176) - - (45) (45) (90) (90) (135) (135) 13 (15) 6 6 (4) 38 (180) (180) (225) (225) 4Q 2019…
Analysis of Consolidated Adjusted Net Income (Loss) 4Q 2020 vs. 4Q 2019 Exploration and Production Adjusted after-tax results reflect reductions in operating costs, exploration expense and depreciation, depletion and amortization…
Exploration and Production Adjusted Net Income (Loss) In Millions 4Q 2020 vs. 4Q 2019 4Q 2020 vs. 3Q 2020 50 50 25 25 (124) (118) (156) (118) - - (25) (25) (50) (50) (75) (75) (100) 106 5 (100) 40 4 (112) 11 (47) (125) (125) 18…
Midstream Adjusted Net Income In Millions 4Q 2020 vs. 4Q 2019 4Q 2020 vs. 3Q 2020 100 100 27 (6) 90 (3) 90 (2) (17) 80 80 16 (1) 0 (1) (10) 70 70 14 62 62 56 2 60 60 49 50 50 40 40 30 30 20 20 10 10 - - 4Q…
Worldwide Oil & Gas Production In MBOEPD 4Q 2020 vs. 4Q 2019 4Q 2020 vs. 3Q 2020 400 400 360 338 (23) 25 (8) 360 (11) 321 321 (26) 13 321 12 3 6 3 320 320 9 7 22 12 12 280 280 240 240 200 200 160 160 312 304 306 306 120…
Capital and Exploratory Expenditures In Millions 4Q 2020 vs. 4Q 2019 1,050 Three Months Ended 975 December 31, 108 900 2020 2019 825 E&P Capital and Exploratory Expenditures 188 United States 750 North Dakota 72 369 675…
Capital and Exploratory Expenditures (Contd) In Millions 4Q 2020 YTD vs. 4Q 2019 YTD 3,375 Year Ended 3,150 December 31, 2,925 416 2020 2019 2,700 E&P Capital and Exploratory Expenditures 2,475 452 United States North…
FINANCIAL INFORMATION 13
Consolidating Income Statement 4Q 2020 In Millions, Except Unit Costs Data Three Months Ended December 31, 2020 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D Revenue…
Consolidating Income Statement 4Q 2019 In Millions, Except Unit Costs Data Three Months Ended December 31, 2019 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D…
Consolidating Income Statement 4Q 2020 YTD In Millions, Except Unit Costs Data Year Ended December 31, 2020 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D Revenue…
Consolidating Income Statement 4Q 2019 YTD In Millions, Except Unit Costs Data Year Ended December 31, 2019 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D Revenue…
OTHER INFORMATION 18
2021 Guidance to Investors (1) GUIDANCE Full Year 1Q Production - Thousand Barrels of Oil Equivalent Per Day (MBOEPD) Total - excluding Libya 310 315 Bakken 170 170 (2) Unit Cost - Per Barrel of Oil Equivalent (/BOE) Cash…
Q4 2020: Net Hess Cash Outflow Bakken Net Production Q4 2020 Bakken Net Production (MBOEPD) 189 Bakken Net Production (MMBOE) 17.4 Midstream Tariffs on Hess Net Production Millions /BOE Description: Midstream Segment Revenue (1) 267…
BAKKEN OPERATIONAL DATA 21
Bakken Production - 2020 Net Production by Product 2020 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 107 97 108 108 114 NGL MBBLPD 56 61 58 57 49 Gas MMCFPD 180 185 194 177 162 (1) Total MBOEPD 193 189 198 194 190 Net Production by…
Bakken Production - 2019 Net Production by Product 2019 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 93 106 96 86 85 NGL MBBLPD 41 46 47 37 33 Gas MMCFPD 107 132 121 99 74 (1) Total MBOEPD 152 174 163 140 130 Net Production by Operatorship…
Bakken Operational Well Statistics - 2020 Hess Operated Wells 2020 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 3 1 1 2 6 Drilling Days Spud-to-Spud 12 12 11 11 12 2020 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 71 7 6 17…
Bakken Operational Well Statistics - 2019 Hess Operated Wells 2019 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 6 6 6 6 6 Drilling Days Spud-to-Spud 14 13 13 14 14 2019 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 160 42 41…
Hess Operated Bakken Wells Brought on Production by County and Formation Bakken Wells 70 McKenzie_3F McKenzie_MB Mountrail_3F 65 Mountrail_MB Williams_3F Williams_MB 60 6 55 50 5 45 12 40 4 8 35 3 6 12 30 4 12 6…
Bakken Well Costs, Working Interest and Acreage - 2020 Average Well Cost - Hess Operated 2020 YTD Avg 4Q 3Q 2Q 1Q Drilling MM/Well 2.4 2.2 2.3 2.4 2.4 Completion MM/Well 3.8 3.5 3.6 3.6 4.0 Total MM/Well 6.2 5.7 5.9 6.0 6.4…
Bakken Well Costs, Working Interest and Acreage - 2019 Average Well Cost - Hess Operated 2019 YTD Avg 4Q 3Q 2Q 1Q Drilling MM/Well 2.5 2.5 2.5 2.6 2.5 Completion MM/Well 4.3 4.0 4.2 4.4 4.8 (1) Total MM/Well 6.8 6.5 6.7 7.0 7.3…

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