Stabroek Block partner, Hess Corporation, on Wednesday reported second-quarter earnings at US$119 million, less than the US$667 million for the same period last year, but is optimistic that with investments like in Guyana, future projections will not only increase each year but grow significantly by 2027.
The company also announced that plans are on stream for the purchase of the Liza Unity FPSO sometime next year, and this could positively impact earnings even further.
“…Guyana keeps getting bigger and better, all of which positions us to deliver significant shareholder value for years to come,” President of Hess, John Hess, told its Second Quarter Earnings call.