Current HES Stock Info

Exxon increases Stabroek discovered recoverable resource estimate to 4 billion BOE; sees 750 MBOEPD from it by 2025
ExxonMobil (ticker: XOM) and Hess Corporation (ticker: HES) announced today in separate news releases a significant increase in the estimate of the discovered recoverable resources for the 6.6-million-acre Stabroek Block located offshore of Guyana.

The estimate of 4 BBOE is a 25% increase over the original estimate of 3.2 BBOE.

Exxon subsidiary Esso Exploration and Production Guyana Limited is operator of the project.

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