Hess 2q Adjusted Profit, Revenue Top Street's View

NEW YORK (AP) — Hess' second-quarter net income dropped 35 percent in its second quarter as oil and gas production declined. Its adjusted profit and revenue topped analysts' estimates, and the energy company boosted its stock buyback program to $6.5 billion from $4 billion. Shares climbed more than 4 percent in Wednesday premarket trading. Hess Corp.'s earnings declined to $931 million, or $2.96 per share, from $1.43 billion, or $4.16 per share, in the same quarter a year earlier. Earnings, adjusted for non-recurring items, came to $1.38 per share.Read more on NewsOK.com

Topics:  york ap    shares   hess   corp   earnings   newsok    hess   adjusted profit   revenue top   billion   quarter   percent   declined   
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