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March 2022 Investor Presentation – Hess Corp

Hess Corp · Mar 1, 2022 · 22 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. March 2022 Investor Presentation – Hess Corp – slide 1
    Hess Corporation INVESTOR RELATIONS PRESENTATION March 2022
  2. March 2022 Investor Presentation – Hess Corp – slide 2
    Uniquely Positioned To Deliver Long Term Value Differentiated portfolio provides high financial returns and annualized production growth of 10% through 2026 Deliver High All assets generate sustainable free cash flow beginning in 2022…
  3. March 2022 Investor Presentation – Hess Corp – slide 3
    Superior Operating & Financial Metrics Portfolio positioned to generate increasing free cash flow Production1 Cash Costs2 MBOED /BOE Significant cash flow 500 12 growth 25% CAGR 10% CAGR through 20263 9 295 Portfolio…
  4. March 2022 Investor Presentation – Hess Corp – slide 4
    Increasing Financial Strength Portfolio to deliver strong cash flow growth and capital returns 2.7 B cash at Dec. 31, 20211 Near Term Debt Maturities billions Repaid remaining 500 MM of term loan in Feb. 2022 1.0 Increasing 150…
  5. March 2022 Investor Presentation – Hess Corp – slide 5
    Return of Capital Framework Commitment to increasing cash returns 1 Growing Base Dividend Share Increased regular dividend by 50% on March 1, 2022 Repurchases Up to 75% of Adjusted Free Cash Planning for ongoing increases to base…
  6. March 2022 Investor Presentation – Hess Corp – slide 6
    Global Energy Demand Oil & gas essential to meeting global energy demand Primary Energy Demand Outlook (IEA) Exajoule (EJ) 2040 Outlook by IEA Scenario1 Energy demand led by 2020 Stated Announced Sustainable Net Zero population and…
  7. March 2022 Investor Presentation – Hess Corp – slide 7
    Commitment to Sustainability Taking action to reduce emissions Strategy and reporting Outperformed 5-year Set new 5-year aligned with TCFD1 emission reduction emission reduction recommendations targets for 2020 targets for 20253…
  8. March 2022 Investor Presentation – Hess Corp – slide 8
    Commitment to Sustainability Values drive value for the benefit of all stakeholders Safety Social Responsibility Multidisciplinary team overseeing Hess Guided by commitments to international voluntary COVID-19 response; safety of…
  9. March 2022 Investor Presentation – Hess Corp – slide 9
    Guyana: Stabroek Block World class petroleum province with potential for up to 10 FPSOs Hess 30% interest; (Operator: ) Stabroek Water Depth: 5,500 - 11,000 ft ExxonMobil 45% (Op) Drilling TD: 17,000 - 23,000 ft 6.6 million acres…
  10. March 2022 Investor Presentation – Hess Corp – slide 10
    Guyana: Stabroek Block World class investment opportunity Industrys largest new oil province in the last decade - 10 BBOE gross discovered recoverable resource - Multi billion barrels of remaining exploration upside Exceptional…
  11. March 2022 Investor Presentation – Hess Corp – slide 11
    Guyana: Stabroek Block Guyana resources 10 BBOE Discovered Recoverable Resource Guyana Production Capacity Cumulative BBOE1 Gross Production Capacity; Cum. MBOD1 10 1,000 10 9 8 Yellowtail + 6 5.5 5 4 500 Payara 2.8 3.2 2.5…
  12. March 2022 Investor Presentation – Hess Corp – slide 12
    Guyana Developments World class queue of projects 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 achieved 2022 First oil anticipated…
  13. March 2022 Investor Presentation – Hess Corp – slide 13
    Guyana: Industry Leading Metrics Global performance Guyana in a league of its own Operating Cash Margin vs. Scope 1+2 Emissions Intensity 2021-25 Production CAGR 80 (BOE) Top 15 Thailand 70 Guyana Mozambique Canada Oil Sands 60…
  14. March 2022 Investor Presentation – Hess Corp – slide 14
    Southeast Asia: JDA and North Malay Basin Stable long term free cash flow generation 2022 net production of 65 MBOED JDA Strategic/ Portfolio 2022 net capex of 270 MM Thailand Context Established operator, strong partnership with…
  15. March 2022 Investor Presentation – Hess Corp – slide 15
    Gulf of Mexico Significant free cash flow generation, high returns with upside 2022 net production 30-35 MBOED Strategic/ 2022 net capex of 90 MM Conger T-Bells (Hess) Portfolio (Hess) Context Plan a focused program of tie-backs and…
  16. March 2022 Investor Presentation – Hess Corp – slide 16
    Bakken Cash engine generating significant free cash flow Leading Acreage Position Divide Focus on efficiencies via Lean principles to Burke Strategic/ maximize cash flow and enhance returns Tioga Rail Terminal Kenmare Portfolio…
  17. March 2022 Investor Presentation – Hess Corp – slide 17
    Bakken Significant inventory of high return locations Future Locations with IRRs at 15% or Above 2022 Bakken Development Well Plan Gross number of economic locations at various WTI prices1 Tioga 3 rig program Goliath 2,100 future…
  18. March 2022 Investor Presentation – Hess Corp – slide 18
    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…
  19. March 2022 Investor Presentation – Hess Corp – slide 19
    Summary All assets free cash flow positive beginning in 2022 Recognized leader for our ESG performance and disclosures Multi phases of low-cost Guyana oil developments to drive industry leading cash flow growth and financial…
  20. March 2022 Investor Presentation – Hess Corp – slide 20
    Appendix: Reconciliation of Non-GAAP Measures Reconciliation of U.S. GAAP to Non-GAAP Measures This presentation includes certain non-GAAP financial measures, including free cash flow and E&P debt to EBITDAX. These Non- GAAP financial…
  21. March 2022 Investor Presentation – Hess Corp – slide 21
    Appendix: Reconciliation of Non-GAAP Measures E&P Debt/EBITDAX December 31, 2021 (in millions) Hess Consolidated Net income (loss) attributable to Hess Corporation 559 Add: Net income (loss) attributable to noncontrolling…
  22. March 2022 Investor Presentation – Hess Corp – slide 22

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