Hess Reports 4Q:23 Results, Updates on Payara [PDF Download]

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(Hess, 31.Jan.2024) — Hess Corporation (NYSE: HES) reported net income of $413mn, or $1.34 per share, in the fourth quarter of 2023, compared with net income of $497mn, or $1.61 per share, in the fourth quarter of 2022.

On an adjusted basis, the corporation reported net income of $501mn, or $1.63 per share in the fourth quarter of 2023, compared with $522mn, or $1.69 per share, in the prior-year quarter. The decrease in adjusted after-tax results compared with the prior-year quarter reflects lower realized gas and natural gas liquids (NGL) selling prices, partially offset by higher production volumes, in the fourth quarter of 2023.

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