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Hess Corporation (HES) CEO John Hess on Q1 2020 Results - Earnings Call Transcript

May 08, 2020 1:21 AM ETHess Corporation (HES)
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Hess Corporation (NYSE:HES) Q1 2020 Results Conference Call May 7, 2020 10:00 AM ET

Company Participants

Jay Wilson - Vice President-Investor Relations

John Hess - Chief Executive Officer

Greg Hill - Chief Operating Officer

John Rielly - Chief Financial Officer

Conference Call Participants

Ryan Todd - Simmons Energy

Doug Leggate - Bank of America

Devin McDermott - Morgan Stanley

Paul Cheng - Scotiabank

Roger Read - Wells Fargo

Arun Jayaram - JPMorgan

Pavel Molchanov - Raymond James

Brian Singer - Goldman Sachs


Good day, ladies and gentlemen, and welcome to the First Quarter 2020 Hess Corporation Conference Call. My name is May, and I will be your operator for today. At this time, all participants are in a listen-only. Later, we will conduct a question-and-answer session [Operator Instructions]

As a reminder, this conference is being recorded for replay purposes.

I would now like to turn the conference over to Jay Wilson, Vice President of Investor Relations. Please proceed.

Jay Wilson

Thank you, May. Good morning, everyone, and thank you for participating in our first quarter earnings conference call. Our earnings release was issued this morning and is on our website, www.hess.com. I would first like to express our hope that all of you listening and your families are safe and well. Today's conference call contains projections and other forward-looking statements within the meaning of the federal securities laws. These statements are subject to known and unknown risks and uncertainties that may cause actual results to differ from those expressed or implied in such statements.

These risks include those set forth in the Risk Factors section of Hess' annual and quarterly reports filed with the SEC. In light of the COVID-19 pandemic and reduced spending plans we've put in place, many of the forward-looking statements from our previous presentations and investor materials have

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