Hess Corporation has announced a $1.9 billion capital and exploratory budget for 2021, with over 80% allocated to strategic investments in Guyana and the Bakken formation.

Target Information

Hess Corporation is a prominent American oil and gas exploration and production company, renowned for its focus on environmentally responsible operations. Headquartered in New York, Hess has a significant emphasis on sustainability and innovation in its exploratory and production strategies.

Recently, Hess announced a 2021 capital and exploratory budget of $1.9 billion, allocating over 80% of this amount to projects in Guyana and the Bakken formation, which are both vital areas for the company’s growth and development.

Industry Overview

The oil and gas industry in the United States remains one of the largest sectors, significantly contributing to the country's economy. Despite challenges suc