Hess sets $3.7B capital and exploratory budget for 2023 (NYSE:HES)

Oil platform on the ocean. Offshore drilling for gas and petroleum

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Hess (NYSE:HES) unveiled Tuesday a FY 2023 exploration and production capital and exploratory budget of $3.7B, with more than 80% allocated to Guyana and the Bakken shale.

The company forecasts full-year production will average 355K-365K

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