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AMERADA HESS REPORTS RESULTS

 AMERADA HESS REPORTS RESULTS
 NEW YORK, April 22 /PRNewswire/ -- Amerada Hess Corporation


(NYSE: AHC) reported a net loss for the first quarter of 1992 of $23,400,000 ($.29 per share) compared with net income of $75,700,000 ($.93 per share) for the first quarter of 1991. First quarter 1992 results include income of $13,100,000 ($.16 per share) from the refund of prior years' income taxes and related interest. Earnings for the first quarter of 1991 include $46,200,000 ($.57 per share) from the settlement of litigation relating to natural gas sales contracts.
 Exploration and production earnings were $29,000,000 in the first quarter of 1992 compared with earnings of $134,000,000, which included the effect of the litigation settlement referred to above, in the first quarter of 1991.
 Refining and marketing operations had a loss of $39,700,000 in the first quarter of 1992 compared with a loss of $43,600,000 in the first quarter of 1991.
 Consolidated revenues amounted to $1,450,500,000 for the first quarter of 1992 compared to first quarter 1991 revenues of $2,035,000,000.
 Capital expenditures in the first quarter of 1992 amounted to $350,900,000 of which $220,000,000 related to exploration and production activities. Capital expenditures in the first quarter of 1991 amounted to $360,000,000, including $291,500,000 for exploration and production.
 AMERADA HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES
 (unaudited)
 Three Months
 ended March 31 1992 1991
 Total revenues $1,450,500,000 $2,035,000,000
 Net income (loss) (23,400,000) (A) $ 75,700,000 (B)
 Net income (loss) per share (.29) (A) $ .93 (B)
 Weighted average number
 of shares 81,100,000 81,000,000
 (A) Includes income of $13,100,000 ($.16 per share) from the refund of prior years' income taxes and related interest.
 (B) Includes $46,200,000 ($.57 per share) from the settlement of litigation relating to natural gas sales contracts.
 -0- 4/22/92
 /CONTACT: C.T. Tursi of Amerada Hess Corporation, 212-536-8593/
 (AHC) CO: Amerada Hess Corp. ST: New York IN: OIL SU: ERN


KD-AH -- NY056 -- 1318 04/22/92 13:24 EDT
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Date:Apr 22, 1992
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