July 29, 2020 / 11:38 AM / 15 days ago

Hess posts bigger loss on virus-driven oil rout

July 29 (Reuters) - U.S. oil and gas producer Hess Corp reported a bigger quarterly loss on Wednesday, as the COVID-19 pandemic sapped global demand for crude oil and refined products.

The New York-based company said its net loss attributable was $320 million, or $1.05 per share, in the second quarter ended June 30, compared with a loss of $6 million, or 2 cents per share, a year earlier.

Total production, excluding its assets in Libya, rose to 334,000 barrels of oil equivalent per day (boepd), from 273,000 boepd a year earlier. (Reporting by Arunima Kumar in Bengaluru; Editing by Aditya Soni)

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