Hess Corp, a U.S. oil company, has decided to withdraw its offshore Block 59 in Suriname, said the South American nation’s state oil firm Staatsolie on Tuesday.

U.S. oil producer Hess Corp has announced its decision to exit Suriname’s offshore Block?59, returning operations to the ...

U.S. oil producer Hess Corp has decided to withdraw from Suriname's offshore Block 59, the South American nation's state oil ...

The preparations come as both companies await a decision in a legal challenge from larger rival ExxonMobil that will make or break the $53-billion deal.

Exxon just warned Wall Street of billion-dollar profit hits. Here's what may cause it. Exxon flags potential hit in profit just as OPEC and allies announce larger production increases. Oil futures ...

Exxon Mobil (XOM) stock edged lower in extended trading on Monday after the energy firm said weak oil and gas prices could ...

Chevron is pushing ahead with its $53 billion acquisition of Hess, preparing for integration and layoffs while awaiting an ...

There is some risk for ExxonMobil investors, as Q1 capital returns outpaced net income; however, the shortfall is offset by sufficient cash flow and free cash flow, which enable the maintenance of ...