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BS - Hess Corp. Highlights - March 24, 2020

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Hess Corp. reduced its 2020 capex by $800 million to a total of $2.2 billion. The company will go from six rigs in the Bakken down to one by the end of May. Most discretionary exploration and offshore drilling activities, excluding Guyana, will also be deferred. Production guidance is now 325,000-330,000 boe/d, excluding Libya, compared to the former target of 330,000-335,000 boe/d; Bakken volumes are expected to be 175,000 boe/d in 2020, down 5,000......
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