Hess revenue rose by 34% to $9.2 billion, well ahead of the Street consensus revenue number of $8.1 billion. Hess earnings per share of $1.65 per share also far exceeded the Street consensus of $1.09 earnings per share.
Hess shares were up by close to 3% in pre-market trading on Wednesday morning, joining
Royal Dutch Shell
as the energy early plays on positive earnings on Wednesday.
Royal Dutch Shell reported a profit surge and revenue jump, of 47%, sending its shares up close to 3% in early trading on Wednesday also.
The Hess results were well ahead of the first quarter 2009 comparison, when revenue was at $6.9 billion, and the oil and gas company lost $59 million, or 18 cents per share.
-- Reported by Eric Rosenbaum in New York.
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