UPDATE 1-Hess Corp profit jumps, tops Wall Street view

Wed Jul 28, 2010 8:10am EDT

* Q2 EPS $1.15 vs Street view $1.13

* Revenue rises 15 pct to $7.75 bln

NEW YORK, July 28 (Reuters) - Hess Corp (HES.N) reported a nearly fourfold increase in quarterly profit on Wednesday, helped by higher oil and natural gas prices and production from its wells.

The New York company, which owns oil and gas operations in the Gulf of Mexico and refineries, said second-quarter profit was $375 million, or $1.15 per share, compared with $100 million, or 31 cents a share, a year ago.

Analysts on average had expected $1.13 per share, according to Thomson Reuters I/B/E/S.

Revenues rose 15 percent to $7.75 billion. (Reporting by Matt Daily; editing by John Wallace)

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