Supplemental Earnings Information First Quarter 2021
OPERATING RESULTS 1
Reported Net Income (Loss), Items Affecting Comparability & Adjusted Net Income (Loss) by Operating Activity In Millions, Except Per Share Data 1Q 1Q 4Q 2021 2020 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 1Q 1Q 4Q 2021 2020 2020 Adjusted Net Income (Loss)* Exploration and Production 308…
Items Affecting Comparability of Earnings Between Periods (Amounts, After Income Taxes) 1Q 2020 Exploration and Production Results included: Noncash asset impairment charges on certain oil and gas properties totaling approximately 2.0…
Consolidated Adjusted Net Income (Loss) In Millions 1Q 2021 vs. 1Q 2020 1Q 2021 vs. 4Q 2020 350 350 300 14 (8) 300 (11) 428 252 426 13 252 250 250 200 200 150 150 100 100 50 50 (182) (176) - - (50) (50) (100) (100) (150)…
Analysis of Consolidated Adjusted Net Income (Loss) 1Q 2021 vs. 1Q 2020 Exploration and Production The improvement in adjusted after-tax results compared with the prior-year period primarily reflects higher realized selling prices,…
Exploration and Production Adjusted Net Income (Loss) In Millions 1Q 2021 vs. 1Q 2020 1Q 2021 vs. 4Q 2020 375 375 325 308 325 7 308 169 13 88 275 275 225 225 20 20 99 175 269 (21) 175 (7) 5 125 125 192 75 75 25 (120) 25…
Midstream Adjusted Net Income In Millions 1Q 2021 vs. 1Q 2020 1Q 2021 vs. 4Q 2020 110 110 100 33 2 (2) (1) 100 (17) 5 1 0 (1) (14) 90 90 22 80 75 80 75 70 70 62 61 (1) 60 60 50 50 40 40 30 30 20 20 10 10 - -…
Capital and Exploratory Expenditures In Millions 1Q 2021 vs. 1Q 2020 750 Three Months Ended 675 March 31, 57 2021 2020 600 72 E&P Capital and Exploratory Expenditures United States 525 North Dakota 88 322 135 Offshore…
FINANCIAL INFORMATION 11
Consolidating Income Statement 1Q 2021 In Millions, Except Unit Costs Data Three Months Ended March 31, 2021 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D Revenues…
Consolidating Income Statement 1Q 2020 In Millions, Except Unit Costs Data Three Months Ended March 31, 2020 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D Revenues…
OTHER INFORMATION 14
2021 Guidance to Investors (1) GUIDANCE ACTUAL Full Year 2Q 1Q Production - Thousand Barrels of Oil Equivalent Per Day (MBOEPD) Total - excluding Libya 290 - 295 290 - 295 315 Bakken 155 - 160 155 158 (2) Unit Cost - Per Barrel…
1Q 2021: Net Hess Cash Outflow Bakken Net Production 1Q 2021 Bakken Net Production (MBOEPD) 158 Bakken Net Production (MMBOE) 14.2 Midstream Tariffs on Hess Net Production Millions /BOE Description: Midstream Segment Revenue (1) 289…
BAKKEN OPERATIONAL DATA 17
Bakken Production - 2021 Net Production by Product 2021 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 84 84 NGL MBBLPD 49 49 Gas MMCFPD 151 151 (1) Total MBOEPD 158 158 Net Production by Operatorship 2021 YTD Avg 4Q 3Q 2Q 1Q Operated MBOEPD…
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 Operational Well Statistics - 2021 Hess Operated Wells 2021 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 2 2 Drilling Days Spud-to-Spud 14 14 2021 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 11 11 Completion by Qrtr…
Hess Operated Bakken Wells Brought on Production by County and Formation Bakken Wells 50 McKenzie_3F McKenzie_MB Mountrail_3F 45 Mountrail_MB Williams_3F Williams_MB 40 8 35 12 30 4 25 5 3 14 20 2 7 15 7 6 3…
Bakken Well Costs, Working Interest and Acreage - 2021 Average Well Cost - Hess Operated 2021 YTD Avg 4Q 3Q 2Q 1Q Drilling MM/Well 2.5 2.5 Completion MM/Well 3.4 3.4 Total MM/Well 5.9 5.9 Average Working Interest of New Wells…
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…
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