Hess Corporation has reported a decline in its fourth-quarter earnings compared to last year. The company totaled a profit of $413 million, equivalent to $1.34 per share, a decrease from last year's fourth quarter, which saw $497 million, or $1.61 per share.
When excluding certain items, Hess Corporation's adjusted earnings for the period were $501 million, or $1.63 per share. The company also experienced a 0.3% drop in its quarterly revenue from $3.05 billion last year to $3.04 billion.
In summary, Hess Corporation's GAAP earnings for the fourth quarter were as follows:
- Earnings decreased to $413 million from $497 million last year.
- Earnings per share (EPS) went down to $1.34 from $1.61 last year.
- Fourth-quarter revenue fell slightly to $3.04 billion from $3.05 billion last year.
