Bank of America Merrill Lynch analysis projects transformational cash flow for Hess from Guyana projects

Bank of America Merrill Lynch analysis projects transformational cash flow for Hess from Guyana projects The passage is a standard investment research note forecasting Hess Corp's cash flow and valuation based on oil price assumptions and project timelines. It contains no allegations, misconduct, or links to powerful political actors, and offers no actionable investigative leads beyond routine financial projections. Key insights: Projects $2.5 bn operating cash flow for Hess under a $70 oil price base case.; Free cash flow could peak above $2 bn with a $300 mm net cash outflow during development.; Valuation assumes a 5.5× EV/DACF multiple, excluding non‑producing Guyana resource value.