Hess profit spikes after asset sales, but production lags

Jan 29 (Reuters) - Oil and natural gas producer Hess Corp

posted a jump in quarterly profit on Wednesday due in part to one-time gains from the sale of energy terminals and other assets, but production fell.

For the fourth quarter, Hess reported net income of $1.93 billion, or $5.76 per share, compared with $374 million, or $1.10 per share, a year earlier.

The company produced 307,000 barrels of oil equivalent per day in the quarter, down from 396,000 boe/d in the same period last year.

(Reporting by Ernest Scheyder; Editing by Lisa Von Ahn)

((ernest.scheyder@thomsonreuters.com)(Twitter: @ErnestScheyder)(+1-646-223-6119)(Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))

Keywords: HESSCORP RESULTS/