NEW YORK, Oct. 26 (UPI) -- U.S.-based energy company Hess Corp. said it was focusing on spending after reporting a net loss for the quarter that was worse than last year.
Hess. Corp. reported a net loss for the quarter of $339 million, compared with a net loss of $279 million during the same period last year. Capital spending, meanwhile, was lower by 49 percent to $435 million.