Hess Corporation is an American global independent energy company involved in the exploration and production of crude oil and natural gas. 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).
Who owns Hess?
Headquartered in New York City, the company ranked 394th in the 2016 annual ranking of Fortune 500 corporations. Hess was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess served as CEO from the early 1960s through 1995, after which his son John B Hess succeeded him as chairman and CEO.
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). In 2014, Hess completed a multi-year transformation to be recognized as an exploration and production company by exiting all downstream operations, generating approximately $13 billion from assets sales beginning in 2013. It also closed its refineries in Port Reading, NJ, and St.
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