SUGAR LAND, TX — (Marketwire) — 01/26/12 — Researched by Industrial Info Resources (Sugar Land, Texas) — Global company (NYSE:HES) (New York, New York) reported a drop in earnings for fourth-quarter and full-year 2011, as an expense related to the shutdown of a refinery more than negated some steady gains. For the quarter, Hess reported a net loss of $131 million, compared with net income of $58 million in fourth-quarter 2010. For the year, the company reported $1.7 billion in net income, a 19.86% decrease from 2010.
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