Hess Leads Oil Explorers Showing $15 Billion in 2015 Losses

  • Slimmed-down Hess reports first annual loss since 2002
  • String of bleak earnings reports to stretch into next month

Oil Declines as U.S. Stockpiles Increase

During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling more than $15 billion, the result of the steepest price collapse in a generation.

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