Hess's Q4 Oil And Gas Net Production Was 418,000 Boepd, Up 11% YoY; Bakken Net Production Was 194,000 Boepd, Up 23% YoY And Guyana Net Production Was 128,000 Bopd, Compared With 116,000 Bopd YoY
Portfolio Pulse from Benzinga Newsdesk
Hess Corporation reported an increase in Q4 oil and gas net production to 418,000 boepd, up 11% YoY. Bakken net production rose 23% YoY to 194,000 boepd, while Guyana net production increased to 128,000 bopd from 116,000 bopd YoY.
January 31, 2024 | 12:41 pm
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Hess Corporation's Q4 production numbers show significant growth, particularly in the Bakken region and Guyana, indicating strong operational performance.
The reported increase in production is a positive indicator of Hess's operational efficiency and growth. Higher production typically leads to increased revenues, which can positively influence investor sentiment and the stock price in the short term.
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IMPORTANCE 85
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