January 29, 2020 / 12:38 PM / a month ago

Oil producer Hess reports bigger quarterly loss

Jan 29 (Reuters) - U.S. oil and gas producer Hess Corp reported a bigger adjusted quarterly loss on Wednesday, hurt by lower realized selling prices of natural gas and natural gas liquids.

Adjusted net loss widened to $180 million, or 60 cents per share, in the fourth quarter ended Dec. 31, from $77 million, or 31 cents per share, last year.

The New York-based company said total production, excluding Libya, rose to 316,000 barrels of oil equivalent per day (boe/d) from 267,000 boe/d. (Reporting by Shanti S Nair in Bengaluru; Editing by Amy Caren Daniel)

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