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3Q 2021 Investor Presentation – Hess Corp

Hess Corp · Oct 27, 2021 · 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. 3Q 2021 Investor Presentation – Hess Corp – slide 1
    Supplemental Earnings Information Third Quarter 2021
  2. 3Q 2021 Investor Presentation – Hess Corp – slide 2
    OPERATING RESULTS 1
  3. 3Q 2021 Investor 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 3Q 3Q 2Q 2021 2020 2021 Net Income (Loss) Attributable to Hess Corporation (U.S. GAAP)…
  4. 3Q 2021 Investor 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 3Q 3Q 2Q 2021 2020 2021 Adjusted Net Income (Loss)* Exploration and Production 149…
  5. 3Q 2021 Investor Presentation – Hess Corp – slide 5
    Items Affecting Comparability of Earnings Between Periods (Amounts, After Income Taxes) 3Q 2021 Exploration and Production Results included: A gain of 29 million associated with the sale of the Corporations interests in Denmark.…
  6. 3Q 2021 Investor Presentation – Hess Corp – slide 6
    Items Affecting Comparability of Earnings Between Periods (Contd) (Amounts, After Income Taxes) 2Q 2021 Exploration and Production Results included: A charge of 147 million in connection with estimated future abandonment obligations…
  7. 3Q 2021 Investor Presentation – Hess Corp – slide 7
    Consolidated Adjusted Net Income (Loss) In Millions 3Q 2021 vs. 3Q 2020 3Q 2021 vs. 2Q 2021 175 175 86 27 (15) 305 5 (8) 0 86 100 100 74 25 (216) 25 (50) (50) (125) (125) (200) (200) (275) (275) 3Q 2020…
  8. 3Q 2021 Investor Presentation – Hess Corp – slide 8
    Analysis of Consolidated Adjusted Net Income (Loss) 3Q 2021 vs. 3Q 2020 Exploration and Production The increase in results primarily reflects higher realized selling prices in the third quarter of 2021, partially offset by the impact…
  9. 3Q 2021 Investor Presentation – Hess Corp – slide 9
    Exploration and Production Adjusted Net Income (Loss) In Millions 3Q 2021 vs. 3Q 2020 3Q 2021 vs. 2Q 2021 300 300 250 250 110 (147) 200 323 (168) 200 7 149 37 3 149 176 150 150 122 14 10 100 100 50 50 (156) (69) 36 - - (50)…
  10. 3Q 2021 Investor Presentation – Hess Corp – slide 10
    Midstream Adjusted Net Income In Millions 3Q 2021 vs. 3Q 2020 3Q 2021 vs. 2Q 2021 110 110 100 39 (14) 100 90 90 10 (34) (5) 80 (1) 80 76 (4) (10) 70 70 61 16 61 60 56 60 (5) 50 50 0 (2) 40 40 30 30 20 20 10…
  11. 3Q 2021 Investor Presentation – Hess Corp – slide 11
    Worldwide Oil & Gas Production In MBOEPD 3Q 2021 vs. 3Q 2020 3Q 2021 vs. 2Q 2021 400 400 360 360 328 321 (67) (31) 320 5 6 (16) 320 21 19 284 284 17 (3) 280 13 0 3 280 3 19 19 240 240 200 200 160 160 302 302 262 262…
  12. 3Q 2021 Investor Presentation – Hess Corp – slide 12
    Capital and Exploratory Expenditures In Millions 3Q 2021 vs. 3Q 2020 600 Three Months Ended September 30, 525 59 2021 2020 E&P Capital and Exploratory Expenditures 450 117 United States North Dakota 169 86 375 66 Offshore…
  13. 3Q 2021 Investor Presentation – Hess Corp – slide 13
    Capital and Exploratory Expenditures (Contd) In Millions 3Q 2021 YTD vs. 3Q 2020 YTD 1,800 Nine Months Ended 1,650 September 30, 202 2021 2020 1,500 E&P Capital and Exploratory Expenditures 1,350 United States 129 210…
  14. 3Q 2021 Investor Presentation – Hess Corp – slide 14
    FINANCIAL INFORMATION 13
  15. 3Q 2021 Investor Presentation – Hess Corp – slide 15
    Consolidating Income Statement 3Q 2021 In Millions, Except Unit Costs Data Three Months Ended September 30, 2021 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D…
  16. 3Q 2021 Investor Presentation – Hess Corp – slide 16
    Consolidating Income Statement 3Q 2020 In Millions, Except Unit Costs Data Three Months Ended September 30, 2020 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D…
  17. 3Q 2021 Investor Presentation – Hess Corp – slide 17
    Consolidating Income Statement 3Q 2021 YTD In Millions, Except Unit Costs Data Nine Months Ended September 30, 2021 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D…
  18. 3Q 2021 Investor Presentation – Hess Corp – slide 18
    Consolidating Income Statement 3Q 2020 YTD In Millions, Except Unit Costs Data Nine Months Ended September 30, 2020 Exploration & Corporate, Consolidated Production Midstream Interest & Other Eliminations Total A B C D A+ B+ C+ D…
  19. 3Q 2021 Investor Presentation – Hess Corp – slide 19
    OTHER INFORMATION 18
  20. 3Q 2021 Investor Presentation – Hess Corp – slide 20
    2021 Guidance to Investors (1) GUIDANCE ACTUAL Full Year 4Q 3Q 2Q 1Q Production - Thousand Barrels of Oil Equivalent Per Day (MBOEPD) Total - excluding Libya 295 295 265 307 315 Bakken 155 155 - 160 148 159 158 (2) Unit Cost -…
  21. 3Q 2021 Investor Presentation – Hess Corp – slide 21
    Q3 2021: Net Hess Cash Outflow Bakken Net Production Q3 2021 Bakken Net Production (MBOEPD) 148 Bakken Net Production (MMBOE) 13.6 Midstream Tariffs on Hess Net Production Millions /BOE Description: Midstream Segment Revenue (1) 304…
  22. 3Q 2021 Investor Presentation – Hess Corp – slide 22
    BAKKEN OPERATIONAL DATA 21
  23. 3Q 2021 Investor Presentation – Hess Corp – slide 23
    Bakken Production - 2021 Net Production by Product 2021 YTD Avg 4Q 3Q 2Q 1Q Oil MBBLPD 80 78 79 84 NGL MBBLPD 48 44 52 49 Gas MMCFPD 159 158 167 151 (1) Total MBOEPD 155 148 159 158 Net Production by Operatorship 2021 YTD Avg…
  24. 3Q 2021 Investor Presentation – Hess Corp – slide 24
    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…
  25. 3Q 2021 Investor Presentation – Hess Corp – slide 25
    Bakken Operational Well Statistics - 2021 Hess Operated Wells 2021 YTD Avg 4Q 3Q 2Q 1Q Rig Count Drilling No. Rigs 2 2 2 2 Drilling Days Spud-to-Spud 12 11 11 14 2021 YTD 4Q 3Q 2Q 1Q No. of Wells Drilled by Qrtr 46 18 17 11…
  26. 3Q 2021 Investor Presentation – Hess Corp – slide 26
    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…
  27. 3Q 2021 Investor Presentation – Hess Corp – slide 27
    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 9 7 6…
  28. 3Q 2021 Investor Presentation – Hess Corp – slide 28
    Bakken Well Costs, Working Interest and Acreage - 2021 Average Well Cost - Hess Operated 2021 YTD Avg 4Q 3Q 2Q 1Q Drilling MM/Well 2.4 2.4 2.3 2.5 Completion MM/Well 3.3 3.3 3.3 3.4 Total MM/Well 5.7 5.7 5.6 5.9 Average Working…
  29. 3Q 2021 Investor Presentation – Hess Corp – slide 29
    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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