News Wires — Hess Corp reported a quarterly profit on Thursday, supported by higher production at the U.S. oil and gas producer’s Bakken and Gulf of Mexico assets.
Net income attributable to Hess was $32 million, or 9 cents per share, in the first quarter ended March 31, compared with a loss of $106 million, or 38 cents per share, a year earlier.
Total production, excluding Libya, rose to 278,000 barrels of oil equivalent per day (boe/d) from 233,000 boe/d.