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Hess reports $4.89bn loss in Q4 results

Hess

Hess has reported a loss of $4.89billion in its fourth quarter.

The company said it had a per-share loss of $15.65.

The oil and gas producer also posted revenue of $1.39billion in the same period.

For the year as a whole, the firm reported that its loss widened to $6.13billion.

Share in Hess have decline by almost 8% since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 2%.

The stock has increased 67% in the last 12 months also.

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