Jan 26, 2011

Hess Reports Weaker 4Q Results



Hess' HES fourth-quarter results fell from year-ago levels, with both upstream and downstream earnings slipping from the previous-year period, compounded by one-time charges. Reported fourth-quarter earnings of $58 million included an aftertax impairment charge of $289 million for Hovensa interests. 
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Source: Tronto Star

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