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Supplemental Earnings Information – Hess Corp

Hess Corp · Apr 24, 2013 · 21 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. Supplemental Earnings Information – Hess Corp – slide 1
    Supplemental Earnings Information FIRST QUARTER 2013
  2. Supplemental Earnings Information – Hess Corp – slide 2
    Reported Net Income, Items Affecting Comparability and Adjusted Earnings by Operating Activity Millions, Except Per Share Data 1Q 1Q 4Q 2013 2012 2012 Net income (loss) attributable to Hess Corporation (U.S. GAAP) Exploration and…
  3. Supplemental Earnings Information – Hess Corp – slide 3
    Reported Net Income, Items Affecting Comparability and Adjusted Earnings by Operating Activity Contd Millions, Except Per Share Data 1Q 1Q 4Q 2013 2012 2012 Adjusted earnings (losses) (a) Exploration and Production 698 599 431…
  4. Supplemental Earnings Information – Hess Corp – slide 4
    Items Affecting Comparability Between Periods (Amounts are after income taxes) 1Q 2013 Exploration and Production - Earnings include: A gain of 360 million from the sale of the Corporations interests in the Azeri-Chirag-Guneshli…
  5. Supplemental Earnings Information – Hess Corp – slide 5
    Items Affecting Comparability Between Periods Contd (Amounts are after income taxes) 1Q 2012 Exploration and Production - Earnings include: A gain of 36 million related to the sale of the Corporations interest in the Snohvit…
  6. Supplemental Earnings Information – Hess Corp – slide 6
    Consolidated Adjusted Earnings Millions 1Q 2013 vs. 1Q 2012 1Q 2013 vs. 4Q 2012 900 900 800 800 700 58 669 267 11 (18) 669 99 3 700 600 509 600 500 500 400 409 400 300 300 200 200 100 100 - - 1Q 2012 E&P Corporate…
  7. Supplemental Earnings Information – Hess Corp – slide 7
    Analysis of Consolidated Adjusted Earnings 1Q 2013 vs. 1Q 2012 Exploration and Production The increase in earnings is primarily due to higher crude oil and natural gas selling prices together with higher sales volumes, partially offset…
  8. Supplemental Earnings Information – Hess Corp – slide 8
    Exploration and Production Adjusted Earnings Millions 1Q 2013 vs. 1Q 2012 1Q 2013 vs. 4Q 2012 800 800 20 (62) 38 103 698 151 (15) 698 700 700 599 600 600 148 (17) 500 500 431 400 400 300 300 1Q 2012 Price…
  9. Supplemental Earnings Information – Hess Corp – slide 9
    Worldwide Oil & Gas Production MBOEPD 1Q 2013 vs. 1Q 2012 1Q 2013 vs. 4Q 2012 450 450 26 40 425 425 400 397 396 7 - 7 1 400 389 3 1 2 389 375 375 350 350 325 325 300 300 1Q 2012 United Europe Africa Asia and 1Q 2013…
  10. Supplemental Earnings Information – Hess Corp – slide 10
    Average Selling Prices 1Q 1Q 4Q 2013 2012 2012 Operating Data Average Selling Prices Crude oil - per barrel (including hedging) United States Onshore 89.46 88.64 85.38 Offshore 107.52 103.72 99.83 Total United States 97.03 95.92…
  11. Supplemental Earnings Information – Hess Corp – slide 11
    Average Selling Prices Contd 1Q 1Q 4Q 2013 2012 2012 Operating Data Average Selling Prices Natural gas liquids - per barrel United States Onshore 43.47 52.23 40.78 Offshore 27.79 44.40 29.64 Total United States 37.29 49.26…
  12. Supplemental Earnings Information – Hess Corp – slide 12
    Capital and Exploratory Expenditures Millions 2,000 Three Months Ended March 31, 2013 2012 Exploration & Production United States 1,500 Bakken 535 852 Other Onshore 176 217 Total Onshore 711 1,069 Offshore 228 172 Total…
  13. Supplemental Earnings Information – Hess Corp – slide 13
    2012 2013 PRO FORMA EXPLORATION AND PRODUCTION RESULTS 13
  14. Supplemental Earnings Information – Hess Corp – slide 14
    Exploration and Production Pro forma 1Q 2013 Three Months Ended March 31, 2013 ( Millions) (/BOE) Actual Pro Forma Actual Pro Forma Total revenue 2,817 2,268 80.37 86.15 Costs and expenses Cash costs 743 555 21.20 21.08…
  15. Supplemental Earnings Information – Hess Corp – slide 15
    Exploration and Production Pro forma 1Q 2012 Three Months Ended March 31, 2012 ( Millions) (/BOE) Actual Pro Forma Actual Pro Forma Total revenue 2,892 2,131 79.96 83.94 Costs and expenses Cash costs 738 522 20.39 20.55…
  16. Supplemental Earnings Information – Hess Corp – slide 16
    Exploration and Production Pro forma Full Year 2012 Year Ended December 31, 2012 ( Millions) (/BOE) Actual Pro Forma Actual Pro Forma Total revenue 11,688 8,805 78.65 83.12 Costs and expenses Cash costs 3,066 2,192 20.63 20.69…
  17. Supplemental Earnings Information – Hess Corp – slide 17
    BAKKEN OPERATIONAL DATA 17
  18. Supplemental Earnings Information – Hess Corp – slide 18
    Bakken Production Net Production by Product 2013 2012 Q1 YTD Q1 Q2 Q3 Q4 FY Oil MBBLPD 53 53 37 47 52 53 47 NGL MBBLPD 6 6 2 4 5 6 4 Gas MMCFPD 34 34 16 23 35 32 27 Total MBOEPD 65 65 42 55 62 64 56 Net Production by…
  19. Supplemental Earnings Information – Hess Corp – slide 19
    Bakken Operational Well Statistics Hess Operated Wells 2013 2012 Q1 YTD Q1 Q2 Q3 Q4 FY Rig Count Drilling No. Rigs 15 15 14 16 15 16 15 Drilling Days Spud-to-Spud 26 26 31 32 29 28 30 No. of Wells Drilled By Qrtr 49 49 40 42 41 53…
  20. Supplemental Earnings Information – Hess Corp – slide 20
    Hess Operated Bakken Wells Brought on Production by County and Formation Bakken Wells 70 Williams TF Williams MB Mountrail TF Mountrail MB 60 3 McKenzie TF McKenzie MB Dunn TF Dunn MB 50 Burke TF Burke MB 7 27 2 15 8 40…
  21. Supplemental Earnings Information – Hess Corp – slide 21
    Bakken Well Costs, Working Interest & Acreage Average Well Cost - Hess Operated 2013 2012 Q1 YTD Q1 Q2 Q3 Q4 FY Drilling MM/Well 4.8 4.8 5.4 5.6 5.3 5.0 5.3 Completion MM/Well 3.8 3.8 8.0 6.0 4.2 4.0 5.7 Total MM/Well 8.6 8.6 13.4…

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