April 25, 2018 / 11:38 AM / 7 months ago

Hess posts smaller quarterly loss as oil prices rise, costs fall

April 25 (Reuters) - U.S. oil and gas producer Hess Corp reported a smaller quarterly loss on Wednesday as the company benefited from higher crude prices and lower costs.

Net loss attributable to Hess narrowed to $106 million, or 38 cents per share, in the first quarter ended March 31, from $324 million, or $1.07 per share, a year earlier.

Total revenue and non-operating income rose to $1.39 billion from $1.25 billion. (Reporting by Karan Nagarkatti in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below