Hess reports q2 loss per share of $1.05

Hess reports estimated results for the second quarter of 2020.q2 loss per share $1.05.qtrly oil and gas net production, excluding libya, averaged 334,000 barrels of oil equivalent per day.qtrly net production from bakken increased to 194,000 boepd from 140,000 boepd in prior-year quarter.qtrly net production from the gulf of mexico was 68,000 boepd.net production guidance for 2020, excluding libya, increased to approximately 330,000 boepd.reduced number of rigs operating in bakken from six rigs in q1 to one rig in may.planned maintenance turnaround at tioga gas plant originally scheduled for q3 of 2020 will be deferred until 2021.cash and cash equivalents, excluding midstream, were $1.64 billion at june 30, 2020.qtrly total revenues and non-operating income $842 million versus $1.70 billion.q2 earnings per share view $-1.14, revenue view $951.1 million -- refinitiv ibes data.has no debt maturities until 2023 when three year term loan comes due.qtrly average realized crude oil selling price, excluding hedging effect, was $20.63/barrel.bakken net production guidance for 2020 increased to approximately 185,000 boepd, up from previous guidance of approximately 175,000 boepd.additional 4 million barrels of oil on vlccs are expected to be sold in asia in q4 of 2020.
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