AndhraNews.net
Home » Business News » 2012 » January » January 26, 2012

Hess Corporation Sees Setbacks in Fourth-Quarter, Full-Year 2011, Turns to Unconventionals for Stronger Growth, an Industrial Info News Alert


January 26, 2012 - SUGAR LAND, TX

Researched by Industrial Info Resources (Sugar Land, Texas) -- Global energy company Hess Corporation (NYSE:HES) (New York, New York) reported a drop in earnings for fourth-quarter and full-year 2011, as an expense related to the shutdown of a refinery more than negated some steady gains. For the quarter, Hess reported a net loss of $131 million, compared with net income of $58 million in fourth-quarter 2010. For the year, the company reported $1.7 billion in net income, a 19.86% decrease from 2010.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=195454&refer=marketwire, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Joe Govreau
713-783-5147

MarketWire

Comment on this story

Share