Hess Corp on Tuesday raised its 2022 capital budget for production by 37% as it seeks to focus on its operations in Guyana and the U.S. Bakken shale oil basin.
The company plans to spend $2.6 billion in 2022, of which around 80% will be allocated to Guyana and the Bakken, compared to $1.9 billion in 2021.
Marketzone with Reuters 2022
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