Hess Reports Estimated Results For The Third Quarter Of 2012

Hess Corporation (NYSE: HES) reported net income of $557 million for the third quarter of 2012, compared with $298 million for the third quarter of 2011. The after-tax income (loss) by major operating activity was as follows:
           
Three Months Ended Nine Months Ended
September 30, (unaudited) September 30, (unaudited)
2012       2011 2012       2011
(In millions, except per share amounts)
Exploration and Production $ 608 $ 422 $ 1,887 $ 2,148
Marketing and Refining 53 (23) 72 (23)
Corporate (38) (44) (115) (114)
Interest expense   (66)   (57)   (193)   (177)
Net income attributable to Hess Corporation $ 557 $ 298 $ 1,651 $ 1,834
 
Net income per share (diluted) $ 1.64 $ .88 $ 4.85 $ 5.40
 
Weighted average number of shares (diluted)   340.0   340.2   340.3   339.8

 

Note: See the following page for a table of items affecting comparability of earnings between periods.

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