Sunday, August 23, 2026

Hess sells 28% WI in Deepwater GOM to BHP for $505 million

OAG360 Publishers Note:  Hess looks likely to use funds to pay down debt, with 1 billion in debt maturity come 2023.  Hess had a cash drop around $434 million in Q2 and will look to use this fresh cash to replenish two straight quarters of negative free cash flow, according to filings with the SEC.  OAG360 team is split on