NEW YORK (AP) _ Hess Corp. (HES) on Wednesday reported fourth-quarter net income of $265 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had net income of 85 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The oil and gas producer posted revenue of $2.26 billion in the period.

For the year, the company reported net income of $559 million, or $1.81 per share, swinging to a profit in the period. Revenue was reported as $7.58 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HES at https://www.zacks.com/ap/HES

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News