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Hess Sticks to Low-CAPEX Diet During Industry Slump, Sees Loss Widen in First Quarter, an Industrial Info News Alert

SUGAR LAND, TX, Apr 28, 2016 (Marketwired via COMTEX) -- -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Hess Corporation's HES, -2.52% (New York City, New York) Exploration and Production (E & P) capital and exploratory expenditures were $544 million for first-quarter 2016, down 56% from the same period last year to reflect reduced activities in the U.S., Norway, Equatorial Guinea and Malaysia/Thailand, the oil & gas producer...