Hess Ups Net Income, Oil and Gas Production in Q3

Hess Corp. (NYSE:HES) announced its estimated results for the third quarter of 2012, commenting that its net income was $557 million, nearly double the $298 million seen a year ago.

According to the press release, other highlights include:

• Oil and gas production increased to 402,000 barrels of oil equivalent per day, up from 344,000 in the third quarter of 2011
• Production from the Bakken oil shale play in North Dakota increased to 62,000 barrels of oil equivalent per day, up from 32,000 in the third quarter of 2011
• Net cash provided by operating activities was $1,862 million, compared with $1,022 million in the third quarter of 2011

Click here to read the full Hess Corp. (NYSE:HES) press release.