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“This transaction brings value forward in the current low price environment and further strengthens our cash and liquidity position,” CEO
Cautionary Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. These forward-looking statements may include, without limitation, the use of proceeds from our asset sale and our future financial and operational results. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: fluctuations in market prices of crude oil, natural gas liquids and natural gas; demand for our products, including due to the global COVID-19 pandemic or due to the impact of competing or alternative energy products and political conditions and events; the ability of our contractual counterparties to satisfy their obligations to us; contract and other laws, regulations and governmental actions applicable to our business; and other factors described in the Risk Factor section in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and any additional risks described in our other filings with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20201106005394/en/
Investor Contact:
(212) 536-8940
jrwilson@hess.com
Media Contact:
(212) 536-8250
lhecker@hess.com
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