Hess Corporation: Keep Your Eyes On Guyana
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Hess Corporation (HES) reported a far better first quarter this time around. That is helpful because the company periodically raises money to fund the joint venture with Exxon Mobil (XOM). Probably the most important part of the quarterly report was that the partnership made another discovery. After that, the next most important report is that the cash position remains strong and there is plenty of backup credit lines just in case the partnership needs more…
