Drilling & production - 07 May 2020

Hess has reported a net loss of US$2433 million, or US$8.00 per common share, in 1Q20.

Apache reported a loss of US$4.5 billion or US$11.86 per diluted common share during 1Q20.

The company has reported a net loss attributable to Murphy of US$416 million in 1Q20.

The two three-year renewals are worth a combined total of more than US$100 million.

The company's IFRS net income was negative US$0.71 billion, following net impairments of US$2.45 billion.