Skip to main content Scotia Howard Weil Conference Presentation – Hess Corp | Shale Experts
Loading...
Pm

Scotia Howard Weil Conference Presentation – Hess Corp

Hess Corp · Mar 23, 2021 · 20 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. Scotia Howard Weil Conference Presentation – Hess Corp – slide 1
    Hess Corporation SCOTIA HOWARD WEIL ENERGY CONFERENCE March 23, 2021
  2. Scotia Howard Weil Conference Presentation – Hess Corp – slide 2
    Our Strategy Invest only in High Return, Low Cost Opportunities Prioritize Debt Build Focused and Reduction and Balanced Portfolio Return of Capital to Robust at Low Prices Shareholders Commitment to Sustainability…
  3. Scotia Howard Weil Conference Presentation – Hess Corp – slide 3
    Our Priorities in an Uncertain Environment 1.7 B cash total liquidity of 5.2 B at December 31, 2020 150 MBOD hedged at 55/bbl WTI / 60/bbl Brent in 2021 Preserve Cash 2021 E&P capital and exploratory budget set at 1.9 B - More than…
  4. Scotia Howard Weil Conference Presentation – Hess Corp – slide 4
    Maintaining Financial Strength Strong cash position, hedges and industry leading cash flow growth Near Term Debt Maturities 5.2 B of liquidity billions - 1.7 B cash at December 31, 2020 1.0 1.0 Robust - 3.5 B undrawn revolving…
  5. Scotia Howard Weil Conference Presentation – Hess Corp – slide 5
    Global Energy Demand Oil & gas essential to meeting global energy demand Primary Energy Demand Outlook (IEA) BTOE Energy demand led by 2019 2040 Outlook by IEA Scenario1 population and GDP growth Stated Sustainable increases 20%…
  6. Scotia Howard Weil Conference Presentation – Hess Corp – slide 6
    Commitment to Sustainability Taking action to reduce emissions Strategy and reporting Outperformed 5-year Set new 5-year aligned with TCFD emission reduction emission reduction recommendations1 targets for 2020 targets for 2025…
  7. Scotia Howard Weil Conference Presentation – Hess Corp – slide 7
    Commitment to Sustainability Values drive value for the benefit of all stakeholders Safety Social Responsibility Multidisciplinary team overseeing Hess COVID- Guided by commitments to international voluntary 19 response; safety of…
  8. Scotia Howard Weil Conference Presentation – Hess Corp – slide 8
    Production and Costs Capital efficient production growth with significant cost reductions Production1 MBOED 400 Guyana growing to 750 11% CAGR MBOD gross by 2026 200 Bakken 170 MBOED - 2017 2021 in 2021 Offshore Cash…
  9. Scotia Howard Weil Conference Presentation – Hess Corp – slide 9
    Guyana: Stabroek Block World class petroleum province with potential for up to 10 FPSOs Hess 30% interest; (Operator: ) Kaieteur Water Depth: 5,500 - 11,000 ft Drilling TD: 17,000 - 23,000 ft 6.6 million acres (equal to 1,150 GoM 2…
  10. Scotia Howard Weil Conference Presentation – Hess Corp – slide 10
    Guyana: Stabroek Block World class investment opportunity Among industrys largest offshore oil discoveries in the past decade - 9 BBOE gross discovered recoverable resource - Multi billion barrels of remaining exploration upside…
  11. Scotia Howard Weil Conference Presentation – Hess Corp – slide 11
    Guyana: Stabroek Block Guyana resources 9 BBOELiza First Oil December 20, 2019 Discovered Recoverable Resource Guyana Production Capacity Cumulative BBOE1 Gross Production Capacity; Cum. MBOD1 9 1,000 8 6 Yellowtail + 5.5 5 4…
  12. Scotia Howard Weil Conference Presentation – Hess Corp – slide 12
    Guyana Developments Third development at Payara sanctioned in September 2020 Liza Phase 1: Destiny Liza Phase 2: Unity Payara: Prosperity Discovered in 2015 Discovered in 2015 Discovered in 2017 First oil achieved 2019 First oil…
  13. Scotia Howard Weil Conference Presentation – Hess Corp – slide 13
    South East Asia: JDA and North Malay Basin Stable long term free cash flow generation 2021 net production of 60 MBOED JDA Strategic/ Portfolio 2021 net capex of 165 MM Thailand Context Established operator, strong partnership with…
  14. Scotia Howard Weil Conference Presentation – Hess Corp – slide 14
    Gulf of Mexico Significant free cash flow generation, high returns with upside 2021 net production 45 MBOED Strategic/ 2021 net capex of 35 MM Conger T-Bells (Hess) Portfolio (Hess) Context Platform for future growth through…
  15. Scotia Howard Weil Conference Presentation – Hess Corp – slide 15
    Bakken Cash engine generating significant free cash flow 2021 onwards Shift from growth engine to cash engine Divide Leading Acreage Position Focus on efficiencies via Lean principles to Burke Strategic/ maximize cash flow and…
  16. Scotia Howard Weil Conference Presentation – Hess Corp – slide 16
    Bakken Significant inventory of high return locations Future Locations with IRRs at 15% or Above 2021 Bakken Development Well Plan Gross number of economic locations at various WTI prices1 Beaver Lodge 2nd rig Q1 2021 East 1,800…
  17. Scotia Howard Weil Conference Presentation – Hess Corp – slide 17
    Bakken Competitively advantaged infrastructure supports Bakken development Strategic infrastructure supporting Hess development Export flexibility provides access to highest value markets 70% volume currently linked to Brent based…
  18. Scotia Howard Weil Conference Presentation – Hess Corp – slide 18
    Portfolio Delivers Industry Leading Cash Flow Growth 33% CFFO CAGR to 2023 leads peers, and competitive with key sectors Consensus CFFO CAGR Consensus CFFO CAGR Peers 2020 to 2023 2020 to 2023 33 % 21 % 21 % 19 % 16 % 13 % 33…
  19. Scotia Howard Weil Conference Presentation – Hess Corp – slide 19
    Summary Priorities in current environment are to preserve cash, core capabilities and the long term value of our assets Recognized leader for our ESG performance and disclosures Multi phases of low cost Guyana oil developments to…
  20. Scotia Howard Weil Conference Presentation – Hess Corp – slide 20

From the store

Browse maps, data & reports in the Shale Experts store