HESS

Hess Reports Estimated Q3 Results

Hess Corp. reported net income of $298 million for the third quarter of 2011 compared with $1,154 million for the third quarter of 2010.   Key takeaways include: • Net income excluding items affecting comparability between periods was $379 million, compared with $429 million in the third quarter of 2010. • Net cash provided by operating activities was

Hess To Operate Tubular Bells

Hess Corp. has agreed to acquire an additional 20% interest in the Tubular Bells oil and gas field in the Gulf of Mexico from BP for $40 million and will become the operator. The increased ownership will bring Hess’ working interest in Tubular Bells to 40%. Chevron holds a 30% interest and BP will retain

Energizing a Crowded Cold Vault

Energy by the Numbers Although 2009 was the second year in a row of unusual weakness in liquid refreshment beverages’ performance, the worst may be over, said Michael Bellas, chairman and CEO of Beverage Marketing Corp. “Beverages are likely to be one of the first categories to benefit with a job-led economic recovery because they

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