The Rising Influence of Rising Affluence

[DewDiligence]

HES reports 2Q15 results:

http://finance.yahoo.com/news/hess-reports-estimated-results-second-113000247.html

Hess Corporation today reported an adjusted net loss, which excludes items affecting comparability, of $147 million or $0.52 per common share, for the second quarter of 2015 (compared with adjusted net income of $432 million or $1.38 per share in the second quarter of 2014). Lower realized selling prices reduced adjusted net income by approximately $740 million after-tax compared with the prior-year quarter. In addition, second quarter 2015 results benefited from higher production, lower cash operating costs and reduced exploration expenses…

CC at 10am ET.