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Billion Barrel Crude Discovery Propels Hess Corp. Into Q2 Results


Coming on the heels of a bullish exploration announcement out of Guyana, here is what to look out for when Hess Corporation reports Q2 results on July 27.

Success at the Liza-2 well proved the prospect was viable and loaded with recoverable crude, around 1 billion barrels worth, which management will definitely comment on.

Hess Corporation's cash flow streams should have firmed up last quarter, but investors will need to see a very meaningful bounce after a lackluster Q1.

With its strong balance sheet and ample levels of liquidity before even factoring in its revolving credit line, Hess Corporation is a very stable upstream player.

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