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TheStreet Open House

Hess Corporation Provides Interim Update For Fourth Quarter 2013

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at www.hess.com .

Forward-looking Statements

Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.

HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES

EXPLORATION AND PRODUCTION SUPPLEMENTAL OPERATING DATA (UNAUDITED)

  Fourth  
Quarter
Through Third
November Quarter
2013 2013

Operating Data

Net Production Per Day (in thousands)

Crude oil – barrels
United States 105 103
Europe 38 38
Africa 42 57
Asia 9 9
Total 194 207
 
Natural gas liquids – barrels
United States 14 15
Europe 1 1
Asia 1 1
Total 16 17
 
Natural gas – mcf
United States 128 110
Europe 32 29
Asia and other 432 380
Total 592 519
 
Barrels of oil equivalent 309 310
 
 

Sales Volumes Per Day (in thousands)

Crude oil – barrels 202 194
Natural gas liquids – barrels 17 17
Natural gas – mcf 593 515
Barrels of oil equivalent 317 296

HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES

EXPLORATION AND PRODUCTION SUPPLEMENTAL OPERATING DATA (UNAUDITED)

   
Fourth
Quarter
Through Third
November Quarter
2013 2013

Operating Data

Average Selling Prices

Crude oil - per barrel (including hedging)
United States

$   88.76

$   99.80

Europe 110.34 113.18
Africa 109.02 110.71
Asia 105.95 104.27
Worldwide 98.65 104.95
 
Crude oil - per barrel (excluding hedging)
United States

$   88.70

$   99.75

Europe 109.86 112.51
Africa 109.33 110.95
Asia 105.95 104.27

Worldwide

98.57

104.88
 
Natural gas liquids - per barrel
United States

$   40.91

$   41.03

Europe 54.73

58.67

Asia 73.72 70.05
Worldwide 44.33 43.67
 
Natural gas - per mcf
United States

$     3.09

$     2.78

Europe 11.65 12.13
Asia and other 7.76 7.19
Worldwide 6.97 6.52
 

Benchmark Selling Prices

West Texas Intermediate (WTI) - per barrel

$   97.47

$  105.81

Brent - per barrel 108.71 109.65
Natural Gas Henry Hub - per mcf 3.65 3.56




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