Hess has sharpened the focus of its portfolio, positioning itself for production and cashflow growth over the next decade, while promising to deliver sustainable, superior returns to shareholders. Two legacy offshore areas remain as cash generators: Malaysia (long-life gas) and the deepwater US Gulf of Mexico (production hubs with near-field exploration opportunities). The Bakken will provide near-term growth and aims to be cash generative in the near term. Guyana has delivered transformational success for Hess: giant volumes with excellent full-cycle returns. Future exploration drilling along the western edge of the Atlantic Margin is central to Hess' medium term strategy, and the company is committed to conventional exploration across a geographically-focused portfolio, with risk reduced through partnering. Full details are provided in our report, and all data and analysis can be downloaded in excel and pdf format.