Bloomberg | Hess Leads U.S. Oil Explorers Showing $14 Billion in 2015 Losses Bloomberg Investors have punished oil and gas explorers, wiping out more than $300 billion in market value for the companies in the Bloomberg Intelligence North America Independent E&Ps Valuation Peer Group in the past year. Distressed debt exchanges and ... CompaniesOil producer Hess reports first FY loss in 13 years Hess is slashing its capital spending and oil exploration budget by 40% from last year |