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Hess Corporation

Hess Corporation
FormerlyAmerada Hess Corporation
Company typePublic
NYSE: HES
S&P 500 component
IndustryOil and gas
FoundedDecember 11, 1919 (1919-12-11)
FounderLeon Hess
Headquarters1185 6th Avenue, 40th Floor,
New York City, New York
,
United States
Area served
Worldwide
Key people
John B. Hess (CEO)
Products
RevenueIncrease US$11.3 billion[1] (2022)
Increase US$3.79 billion[1] (2022)
Increase US$2.09 billion[1] (2022)
Total assetsIncrease US$21.7 billion[1] (2022)
Total equityIncrease US$7.86 billion[1] (2022)
OwnerJohn B. Hess (9.5%)[2]
Number of employees
1,623[1] (2022)
Websitehess.com

Hess Corporation (formerly Amerada Hess Corporation) is an American global independent energy company involved in the exploration and production of crude oil and natural gas.[3] It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess was CEO from the early 1960s through 1995, after which his son John B Hess succeeded him as chairman and CEO.[4] The company has agreed to be acquired by rival oil company Chevron.[5]

Headquartered in New York City, the company ranked 394th in the 2016 annual ranking of Fortune 500 corporations.[6] In 2020, Forbes Global 2000 ranked Hess as the 1,253rd largest public company in the world.[7]

The company has exploration and production operations on-shore in the United States (North Dakota) and Libya, and off-shore in the United States (Gulf of Mexico), Canada, South America (Guyana and Suriname), and Southeast Asia (Malaysia and the Joint Development Area of Malaysia and Thailand).[8]

  1. ^ a b c d e f "Hess Corporation 2022 Annual Report". U.S. Securities and Exchange Commission. 24 February 2023.
  2. ^ "2023 Proxy statement". U.S. Securities and Exchange Commission. 6 April 2023.
  3. ^ "Hess Corporation – A Leading Energy Company". www.hess.com. Retrieved 2 April 2018.
  4. ^ Eskenazi, Gerald (1999-05-08). "Leon Hess, Who Built a Major Oil Company and Owned the Jets, Is Dead at 85 (Published 1999)". The New York Times. ISSN 0362-4331. Retrieved 2021-01-21.
  5. ^ "Chevron to buy Hess Corp for $53 billion in all-stock deal". Retrieved 2024-02-19.
  6. ^ "Fortune 500 Companies 2017: Who Made the List". Fortune. Retrieved 2 April 2018.
  7. ^ "Forbes Global 2000". Forbes. Retrieved 31 October 2020.
  8. ^ "Hess Corporation – Hess Operations Map". www.hess.com. Retrieved 2 April 2018.

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