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Press Releases

Press Releases

Date Title and Summary
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 4, 2019-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2019 to holders of record at the close of business on December 16, 2019
Toggle Summary Hess to Participate in Bank of America Merrill Lynch 2019 Global Energy Conference
NEW YORK --(BUSINESS WIRE)--Nov. 6, 2019-- Hess Corporation (NYSE: HES) announced today that John Hess , Chief Executive Officer, will deliver a keynote presentation: Perspectives on Global Oil Outlook at the Bank of America Merrill Lynch 2019 Global Energy Conference in Miami Beach, FL on November
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2019
Key Developments: The Liza Destiny floating production, storage and offloading vessel (FPSO) arrived at the Stabroek Block (Hess - 30 percent), offshore Guyana , in late August; production from Phase 1 is now targeted to startup in December 2019 A 14th discovery was announced on the Stabroek Block
Toggle Summary Hess Announces Gulf of Mexico Oil Discovery and Plans for Tie Back to Tubular Bells Production Facilities
NEW YORK --(BUSINESS WIRE)--Oct. 29, 2019-- Hess Corporation (NYSE:HES) today announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico . Esox-1 was drilled in 4,609 feet (1,405 meters) of water and encountered
Toggle Summary Hess Schedules Earnings Release Conference Call
  NEW YORK --(BUSINESS WIRE)--Oct. 8, 2019-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 30, 2019 at 10 a.m. Eastern Time to discuss its third quarter 2019 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Corporation to Receive Cash and Equity from Sale of Hess Infrastructure Partners LP to Hess Midstream Partners LP
  NEW YORK --(BUSINESS WIRE)--Oct. 4, 2019-- Hess Corporation (NYSE: HES) will receive approximately $275 million in cash and approximately 115 million newly issued units in Hess Midstream Partners LP (NYSE: HESM) as part of a proposed transaction announced today by HESM.
Toggle Summary Hess Named to Dow Jones Sustainability Index (DJSI) North America for Tenth Consecutive Year
NEW YORK --(BUSINESS WIRE)--Sep. 17, 2019-- Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the tenth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is
Toggle Summary Hess Announces Another Oil Discovery Offshore Guyana at Tripletail
Tripletail-1 well is located in Turbot area on the Stabroek Block Fourth drillship to begin Guyana operations in October NEW YORK --(BUSINESS WIRE)--Sep. 16, 2019-- Hess Corporation (NYSE: HES) today announced a discovery at the Tripletail-1 well on the Stabroek Block offshore Guyana .
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Sep. 4, 2019-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2019 to holders of record at the close of business on September 16,
Toggle Summary Hess Announces Arrival of Liza Destiny Offshore Guyana
NEW YORK --(BUSINESS WIRE)--Aug. 29, 2019-- Hess Corporation (NYSE: HES) today announced that the Liza Destiny, Guyana’s first oil production vessel, has arrived at the Stabroek Block. The Floating, Production, Storage and Offloading (FPSO) vessel arrived following a 42 day journey from Singapore .
Toggle Summary Hess to Participate in Barclays CEO Energy-Power Conference
NEW YORK --(BUSINESS WIRE)--Aug. 23, 2019-- Hess Corporation (NYSE: HES) announced today that John Hess , Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 5, 2019 at 7:45 a.m. ET . A live audio webcast and a replay of the presentation will
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2019
Toggle Summary Hess Corporation Shows Continued ESG Commitment and Progress in 2018 Sustainability Report
On track to meet its 2020 targets to decrease flaring and greenhouse gas emission intensities from operated assets by 50% and 25%, respectively, from 2014 levels Has reduced its workforce recordable incident rate by 23% over the past 5 years Carbon asset risk assessment confirmed resilience of Hess
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jun. 26, 2019-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 31, 2019 at 10 a.m. Eastern Time to discuss its second quarter 2019 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Jun. 4, 2019-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 28, 2019 to holders of record at the close of business on June 17, 2019 .
Toggle Summary Hess to Participate in Bernstein 35th Annual Strategic Decisions Conference
NEW YORK --(BUSINESS WIRE)--May 23, 2019-- Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Bernstein 35th Annual Strategic Decisions Conference in New York on Wednesday, May 29 at 3:30 p.m. Eastern Time .
Toggle Summary Hess Ranked Top Oil and Gas Company on 2019 Best Corporate Citizens List
NEW YORK --(BUSINESS WIRE)--May 15, 2019-- Hess Corporation (NYSE: HES) has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens of 2019. The annual list recognizes public companies across the United States for
Toggle Summary Hess Sanctions Liza Phase 2 Development Offshore Guyana
Liza Phase 2 received government and regulatory approvals and is on track to startup by mid-2022, producing up to 220,000 barrels of oil per day Phase 1 on schedule for first oil by first quarter of 2020 Investment by partners in Guyanese economy continues to increase NEW YORK --(BUSINESS
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2019
Toggle Summary Hess Announces 13th Discovery Offshore Guyana
Yellowtail-1 well is fifth discovery in Turbot area Turbot area expected to become major development hub Adds to previously announced estimated gross discovered recoverable resource of more than 5.5 billion barrels of oil equivalent NEW YORK --(BUSINESS WIRE)--Apr.
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Apr. 5, 2019-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on  Thursday, April 25, 2019 at  10 a.m. Eastern Time  to discuss its first quarter 2019 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Mar. 6, 2019-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 29, 2019 to holders of record at the close of business on March 18, 2019 .
Toggle Summary Hess Announces Two New Discoveries Offshore Guyana
Eleventh and 12 th discoveries made at Tilapia-1 and Haimara-1 wells in southeastern part of Stabroek Block Discoveries add to previously announced gross discovered recoverable resource of more than 5 billion barrels of oil equivalent Growing Turbot area expected to progress to a major development
Toggle Summary Hess to Participate in Credit Suisse Energy Summit
NEW YORK --(BUSINESS WIRE)--Feb. 5, 2019-- Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse 24th Annual Energy Summit in Vail on Tuesday, February 12 at  7:30 a.m. Mountain Time . A live  audio webcast  and a  replay  of the
Toggle Summary Hess Announces Conversion Rate for Mandatory Convertible Preferred Stock
NEW YORK --(BUSINESS WIRE)--Jan. 30, 2019-- Hess Corporation (NYSE:HES) today announced that the Company’s 8.00% Series A Mandatory Convertible Preferred Stock (the “Preferred Stock”) and related depositary shares, each representing a 1/20th interest in a share of Preferred Stock, will
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2018
Toggle Summary Hess Achieves Leadership Status in CDP’s Global Climate Analysis
NEW YORK --(BUSINESS WIRE)--Jan. 23, 2019-- Hess Corporation (NYSE:HES) has been recognized for climate change stewardship, achieving leadership status in CDP’s 2018 Global Climate Analysis. Hess is the only U.S. energy company to achieve leadership status.
Toggle Summary Hess Provides Update on Drilling and Development Activities Offshore Guyana
Two exploration wells to be drilled in January Growing Turbot area offers significant development options Liza Phase 1 development on track for first oil in early 2020 NEW YORK --(BUSINESS WIRE)--Jan. 7, 2019-- Hess Corporation (NYSE: HES) said today that drilling has begun on the Haimara-1
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jan. 4, 2019-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on  Wednesday, January 30, 2019 at  10 a.m. Eastern Time  to discuss its fourth quarter 2018 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Conversion Date for Mandatory Convertible Preferred Stock
NEW YORK --(BUSINESS WIRE)--Dec. 26, 2018-- Hess Corporation (NYSE:HES) today announced that the Company’s 8.00% Series A Mandatory Convertible Preferred Stock (the “Preferred Stock”) and related depositary shares, each representing 1/20th interest in a share of Preferred Stock, are expected to
Toggle Summary Hess Provides Update on Progress, Plans to Deliver Strong Cash Flow Growth and Increasing Returns Through 2025
NEW YORK --(BUSINESS WIRE)--Dec. 12, 2018-- Hess Corporation (NYSE:HES) will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day today in Houston . The company’s plans through 2025 are expected to deliver strong performance across the
Toggle Summary Hess Announces 2019 E&P Capital and Exploratory Budget
Focus on High Return Investments to Deliver Capital Efficient Production Growth and Significant Future Free Cash Flow NEW YORK --(BUSINESS WIRE)--Dec. 10, 2018-- Hess Corporation (NYSE:HES) today announced a 2019 E&P capital and exploratory budget of $2.9 billion .
Toggle Summary Hess to Host Investor Day
NEW YORK --(BUSINESS WIRE)--Dec. 7, 2018-- Hess Corporation (NYSE: HES) will hold an Investor Day on December 12, 2018 at 1:00 p.m. CT in Houston, TX. The meeting will feature presentations by CEO John Hess and other members of the Hess leadership team.
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Dec. 5, 2018-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 5, 2018-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2018 to holders of record at the close of business on December 17, 2018
Toggle Summary Hess Announces 10th Discovery and Increased Stabroek Block Resource Estimate Offshore Guyana
Pluma-1 well encountered 121 feet of high-quality, hydrocarbon-bearing sandstone reservoir Estimate of gross discovered recoverable resources for the Stabroek Block increased to more than 5 billion barrels of oil equivalent Growing resource base reinforces potential for at least 5 floating storage,
Toggle Summary Drilling Completed on Aspy Well
NEW YORK --(BUSINESS WIRE)--Nov. 9, 2018-- Hess Corporation (NYSE:HES) today announced that drilling of the Aspy exploration well offshore Nova Scotia reached total depth of 7,400 meters. The prospect did not encounter commercial quantities of hydrocarbons and Hess’ share of the well cost through
Toggle Summary UPDATE: Hess to Participate in Bank of America Merrill Lynch 2018 Global Energy Conference
NEW YORK --(BUSINESS WIRE)--Nov. 8, 2018-- Hess Corporation  (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the  Bank of America Merrill Lynch 2018 Global Energy Conference in Miami Beach, FL on  November 15, 2018 at  8:15 a.m. Eastern Time .
Toggle Summary Hess to Participate in Bank of America Merrill Lynch 2018 Global Energy Conference
NEW YORK --(BUSINESS WIRE)--Nov. 5, 2018-- Hess Corporation  (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the  Bank of America Merrill Lynch 2018 Global Energy Conference in Miami Beach, FL on  November 15, 2018 at  10:30 a.m. Eastern Time .
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2018
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Oct. 9, 2018-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on  Wednesday, October 31, 2018 at  10 a.m. Eastern Time  to discuss its third quarter 2018 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess to Host Investor Day
NEW YORK --(BUSINESS WIRE)--Sep. 26, 2018-- Hess Corporation (NYSE: HES) will hold an Investor Day on December 12, 2018 at 1:00 p.m. CT in Houston, TX. The meeting will feature presentations by CEO John Hess and other members of the Hess leadership team.
Toggle Summary Hess Named to Dow Jones Sustainability Index (DJSI) North America for Ninth Consecutive Year
NEW YORK--(BUSINESS WIRE)--Sep. 14, 2018-- Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the ninth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Sep. 5, 2018-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 28, 2018 to holders of record at the close of business on September 17, 2018
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Sep. 5, 2018-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing
Toggle Summary Hess Completes Sale of Utica Acreage
NEW YORK --(BUSINESS WIRE)--Aug. 31, 2018-- Hess Corporation (NYSE: HES) today announced that it has completed the previously announced sale of its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400
Toggle Summary Hess Announces Ninth Discovery Offshore Guyana
Hammerhead-1 well encounters 197 feet of high-quality, oil-bearing sandstone Discovery adds to estimated resource of more than 4 billion barrels Maximum offshore value creation through rapid development and accelerated exploration NEW YORK --(BUSINESS WIRE)--Aug.
Toggle Summary Hess to Participate in Barclays CEO Energy-Power Conference
NEW YORK --(BUSINESS WIRE)--Aug. 27, 2018-- Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the  Barclays CEO Energy-Power Conference in New York on  September 6, 2018  at  7:45 a.m. ET . A live  audio webcast   and a replay of the presentation
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2018
Toggle Summary Hess Announces Increased Resource Estimate for Stabroek Block, Offshore Guyana
Estimate of gross discovered recoverable resources for the Stabroek Block increased to more than 4 billion barrels of oil equivalent Planning underway for a third phase of development Total discoveries to date establish potential to produce over 750,000 barrels per day by 2025 NEW YORK --(BUSINESS
Toggle Summary Hess Corporation Publishes 2017 Sustainability Report
Reduced both its 2017 workforce recordable incident rate and lost time incident rate by 38 percent compared with 2016 Decreased flaring and greenhouse gas (GHG) emission intensities from operated assets by 38 percent and 23 percent, respectively, through 2017 versus a 2014 baseline NEW YORK
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jul. 5, 2018-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 25, 2018 at 10 a.m. Eastern Time to discuss its second quarter 2018 earnings release. To phone into the conference call, parties in the United States should
Toggle Summary Hess Announces Sale of Utica Acreage
NEW YORK --(BUSINESS WIRE)--Jun. 29, 2018-- Hess Corporation (NYSE:HES) today announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million ,
Toggle Summary Hess Announces Eighth Oil Discovery Offshore Guyana
Longtail-1 well encounters approximately 256 feet of high-quality, oil-bearing sandstone Discovery is in southeast portion of Stabroek Block, near Turbot discovery Adding third drillship to accelerate exploration of high value prospects NEW YORK --(BUSINESS WIRE)--Jun.
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Jun. 5, 2018-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 29, 2018 to holders of record at the close of business on June 18, 2018 .
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Jun. 5, 2018-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20
Toggle Summary Hess to Participate in Citi Global Energy & Utilities Conference
NEW YORK --(BUSINESS WIRE)--May 9, 2018-- Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Citi Global Energy & Utilities Conference in Boston on Tuesday, May 15 at 4:15 p.m. Eastern Time . A live  audio webcast  and a  replay  of the
Toggle Summary Hess Ranked Top Oil and Gas Company on 2018 Best Corporate Citizens List
NEW YORK --(BUSINESS WIRE)--May 8, 2018-- Hess Corporation (NYSE: HES) has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2018. The annual list recognizes public companies across the United States that
Toggle Summary Hess Acquires Interest in New Acreage Offshore Guyana
NEW YORK --(BUSINESS WIRE)--Apr. 26, 2018-- Hess Corporation (NYSE:HES) today announced that its subsidiary, Hess Guyana (Block B) Exploration Limited , had reached agreement with Esso Exploration and Production Guyana Limited ( ExxonMobil ) to acquire a 15 percent participating interest in the
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2018
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Apr. 9, 2018-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 25, 2018 at 10 a.m. Eastern Daylight Time to discuss its first quarter 2018 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces $1.0 Billion Share Repurchase Program
NEW YORK --(BUSINESS WIRE)--Mar. 8, 2018-- Hess Corporation (NYSE: HES) today announced that its Board of Directors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Mar. 7, 2018-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Mar. 7, 2018-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 29, 2018 to holders of record at the close of business on March 19, 2018 .
Toggle Summary Hess Announces Seventh Oil Discovery Offshore Guyana
Pacora-1 well encounters approximately 65 feet of high-quality, oil-bearing sandstone Pacora resources to be integrated into third phase of development; will help bring Guyana production to more than 500,000 barrels of oil per day Further drilling on the Stabroek Block planned in 2018 NEW YORK
Toggle Summary Hess to Participate in Credit Suisse Energy Summit
NEW YORK --(BUSINESS WIRE)--Feb. 6, 2018-- Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse 23rd Annual Energy Summit in Vail on Wednesday, February 14 at 8:40 a.m. Mountain Time. A live  audio webcast  and a  replay  of the
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2017
Toggle Summary Hess Announces 2018 E&P Capital and Exploratory Budget
Planned Expenditures Flat with 2017; Focus on High Return Projects in Guyana and the Bakken NEW YORK --(BUSINESS WIRE)--Jan. 31, 2018-- Hess Corporation (NYSE:HES) today announced its 2018 E&P capital and exploratory budget will be $2.1 billion , the same as 2017.
Toggle Summary Hess Corporation Calls Outstanding Notes Due in 2019 for Redemption
NEW YORK --(BUSINESS WIRE)--Jan. 16, 2018-- Hess Corporation (NYSE:HES) announced today that it will redeem all of its 8.125% Notes due February 15, 2019 (the “Notes”), of which $349,621,000 aggregate principal amount is outstanding as of January 16, 2018 .
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jan. 11, 2018-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Monday, February 5, 2018 at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2017 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Sixth Oil Discovery Offshore Guyana, Further Increasing Resource Potential
Ranger-1 well encounters approximately 230 feet of high-quality, oil-bearing reservoir Well is located approximately 60 miles northwest of the Liza Development Five previous world class discoveries on the Stabroek Block now estimated to have total recoverable resources of more than 3.2 billion
Toggle Summary Hess Completes Sale of Interests in Norway
NEW YORK --(BUSINESS WIRE)--Dec. 22, 2017-- Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its subsidiary Hess Norge, which owns interests in the Valhall and Hod fields in Norway , to Aker BP ASA for total proceeds of $2 billion , effective
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Dec. 6, 2017-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 6, 2017-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 29, 2017 to holders of record at the close of business on December 18, 2017 .
Toggle Summary Hess Completes Sale of Interests in Equatorial Guinea
NEW YORK --(BUSINESS WIRE)--Nov. 28, 2017-- Hess Corporation (NYSE: HES) announced today that it has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million , effective January 1, 2017 .
Toggle Summary Hess Presents at Bank of America Merrill Lynch 2017 Global Energy Conference
Highlights Company’s High Graded Portfolio, Proforma Cash Flow Growth and Prefunding of “Transformative” Guyana Opportunity Announces $500 Million Share Repurchase Plan in addition to $500 Million in Debt Reduction NEW YORK --(BUSINESS WIRE)--Nov. 16, 2017-- In a presentation at the Bank of America
Toggle Summary Hess Issues Statement on Impact from Incident at Shell Enchilada Platform in Gulf of Mexico
NEW YORK --(BUSINESS WIRE)--Nov. 13, 2017-- Hess Corporation (NYSE: HES) released a statement today about the impact on its operations resulting from a fire at the Shell Enchilada platform in the Gulf of Mexico . Shell advised in a statement on Nov. 12 that a plan for repairing the damaged portions
Toggle Summary Hess to Participate in Bank of America Merrill Lynch 2017 Global Energy Conference
NEW YORK --(BUSINESS WIRE)--Nov. 7, 2017-- Hess Corporation  (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch 2017 Global Energy Conference in Miami Beach, FL on November 16, 2017 at 8:15 a.m. Eastern Standard Time.
Toggle Summary Hess Achieves Leadership Status in CDP’s Global Climate Analysis
NEW YORK --(BUSINESS WIRE)--Nov. 2, 2017-- Hess Corporation (NYSE:HES) has been recognized for climate change stewardship, achieving leadership status in CDP’s 2017 Global Climate Analysis. Hess is the only U.S. energy company to achieve leadership status.
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2017
Toggle Summary Hess Sells Interests in Norway; Commences Process to Sell Interests in Denmark
Continued Execution of Strategic Plan to Focus Portfolio on Higher Return Assets, Prefund Development of World Class Guyana Investment Opportunity NEW YORK --(BUSINESS WIRE)--Oct. 24, 2017-- Hess Corporation (NYSE: HES) today announced several additional steps in the continued execution of its
Toggle Summary Hess Announces Sale of Interests in Equatorial Guinea
Divestment Part of Strategy to Focus Portfolio on Higher Return Assets NEW YORK --(BUSINESS WIRE)--Oct. 23, 2017-- Hess Corporation (NYSE:HES) announced today that it has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy (NYSE/LSE: KOS) and Trident
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Oct. 10, 2017-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 25, 2017 at 10 a.m. Eastern Daylight Time to discuss its third quarter 2017 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Named to Dow Jones Sustainability Index (DJSI) North America for Eighth Consecutive Year
NEW YORK --(BUSINESS WIRE)--Sep. 11, 2017-- Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eighth consecutive year. The index , which recognizes public companies for outstanding performance across economic, environmental and social factors, is
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Sep. 6, 2017-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Sep. 6, 2017-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 29, 2017 to holders of record at the close of business on September 18, 2017
Toggle Summary Hess Corporation Donates $1 Million to Hurricane Harvey Relief
NEW YORK --(BUSINESS WIRE)--Aug. 31, 2017-- Hess Corporation (NYSE:HES) announced today that it is donating $1 million to relief efforts in Houston following Hurricane Harvey. “Our hearts go out to the people impacted by this unprecedented storm,” said CEO John Hess .
Toggle Summary Hess to Participate in Barclays CEO Energy-Power Conference
NEW YORK --(BUSINESS WIRE)--Aug. 24, 2017-- Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 7, 2017 at 10:25 a.m. ET. A live  audio webcast and a replay of the presentation will be
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2017
Toggle Summary Hess Corporation’s 2016 Sustainability Report Shows Continued Progress in Safe, Responsible Business Practices
Improved employee total recordable incident rate (TRIR) by 58 percent and reduced process safety events by 36 percent compared to 2015 Reduced flaring and greenhouse gas (GHG) emission intensities from operated assets by 29 percent and 20 percent, respectively, versus a 2014 baseline Invested
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jul. 5, 2017-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, July 26, 2017 at 10 a.m. Eastern Daylight Time to discuss its second quarter 2017 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess to Participate in J.P. Morgan 2017 Energy Equity Conference
NEW YORK --(BUSINESS WIRE)--Jun. 23, 2017-- Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the J.P. Morgan 2017 Energy Equity Conference in New York on Tuesday, June 27 at 3:20 p.m. Eastern Time. A live audio webcast and a  replay  of the
Toggle Summary Hess Announces Sale of Its Enhanced Oil Recovery Assets in the Permian Basin
NEW YORK --(BUSINESS WIRE)--Jun. 19, 2017-- Hess Corporation (NYSE:HES) today announced it has entered into an agreement to sell its interests in enhanced oil recovery (EOR) assets in the Permian Basin to Occidental Petroleum Corporation (NYSE:OXY) for a total consideration of $600 million ,
Toggle Summary Hess Takes Final Investment Decision for Liza Phase 1 Development Offshore Guyana
Announces Positive Liza-4 Results, Further Increasing Resource Estimate NEW YORK --(BUSINESS WIRE)--Jun. 16, 2017-- Hess Corporation (NYSE:HES) today announced it has sanctioned the first phase of development of the Liza Field, one of the industry’s largest oil discoveries of the past decade,
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Jun. 6, 2017-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Jun. 6, 2017-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 30, 2017 to holders of record at the close of business on June 16, 2017 .
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2017
Toggle Summary Hess Named to 2017 Best Corporate Citizens List
NEW YORK --(BUSINESS WIRE)--Apr. 21, 2017-- Hess Corporation  (NYSE:HES) has earned a place on Corporate Responsibility magazine's prestigious list of 100 Best Corporate Citizens for 2017. The list recognizes public companies across the United States with strong performance in such areas as
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Apr. 7, 2017-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 26, 2017 at 10 a.m. Eastern Daylight Time to discuss its first quarter 2017 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Midstream Partners LP Announces Pricing of Upsized Initial Public Offering
HOUSTON--( BUSINESS WIRE )--Hess Midstream Partners LP (the "Partnership") today announced the pricing of its initial public offering of 14,780,000 common units representing limited partner interests in the Partnership, at a public offering price of $23.00 per common unit.
Toggle Summary Hess Midstream Partners LP Launches Initial Public Offering
HOUSTON--( BUSINESS WIRE )--Hess Midstream Partners LP (the "Partnership") today announced that it has commenced its initial public offering of 12,500,000 common units representing limited partner interests in the Partnership, at an anticipated initial public offering price between $19 and $21 per
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Mar. 1, 2017-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 31, 2017 to holders of record at the close of business on March 15, 2017 .
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Mar. 1, 2017-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20
Toggle Summary Hess to Participate in Credit Suisse Energy Summit
NEW YORK --(BUSINESS WIRE)--Feb. 14, 2017-- Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse 22nd Annual Energy Summit 2017 in Vail on Wednesday, February 15 at 9:15 a.m. Mountain Time.
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2016
Toggle Summary Hess Recognized Among World’s 100 Most Sustainable Corporations
NEW YORK --(BUSINESS WIRE)--Jan. 18, 2017-- Hess Corporation (NYSE: HES) has been recognized as one of the Global 100 Most Sustainable Corporations for the third time by the Toronto -based media and investment research firm Corporate Knights. The 2017 list was announced at the World Economic Forum
Toggle Summary Hess Announces 2017 E&P Capital and Exploratory Budget; Provides Earnings Update for Fourth Quarter 2016
NEW YORK --(BUSINESS WIRE)--Jan. 12, 2017-- Hess Corporation (NYSE:HES) today announced a 2017 E&P capital and exploratory budget and provided a fourth quarter 2016 earnings update. 2017 E&P Capital and Exploratory Budget The company’s 2017 E&P capital and exploratory budget will be $2.25 billion ,
Toggle Summary Hess Announces New Oil Discovery Offshore Guyana, Further Increasing Resource Potential
NEW YORK --(BUSINESS WIRE)--Jan. 12, 2017-- Hess Corporation (NYSE:HES) today announced positive results from the Payara-1 well offshore Guyana , which is the second oil discovery on the Stabroek Block following the world-class Liza oil discovery in 2015.
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jan. 9, 2017-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, January 25, 2017 at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2016 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 7, 2016-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 30, 2016 to holders of record at the close of business on December 19, 2016 .
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Dec. 7, 2016-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing
Toggle Summary Hess to Participate in Bank of America Merrill Lynch 2016 Global Energy Conference
NEW YORK --(BUSINESS WIRE)--Nov. 10, 2016-- Hess Corporation (NYSE:HES) announced today that John Hess , Chief Executive Officer, will present at the Bank of America Merrill Lynch Global Energy Conference in Miami on November 17, 2015 at 8:15 AM (ET) .
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2016
Toggle Summary Hess Corporation Announces Pricing of Maximum Tender Offer
NEW YORK --(BUSINESS WIRE)--Oct. 3, 2016-- Hess Corporation (NYSE:HES) announced today the consideration to be paid in the previously announced cash tender offer (the “Maximum Tender Offer”) to purchase up to approximately $324.0 million (the “Aggregate Maximum Repurchase Amount”) of the following
Toggle Summary Hess Corporation Announces Early Tender Results of Maximum Tender Offer
NEW YORK --(BUSINESS WIRE)--Sep. 30, 2016-- Hess Corporation (NYSE:HES) announced today the early tender results of the previously announced cash tender offer (the “Maximum Tender Offer”) to purchase up to approximately $324.0 million of the following series of notes issued by Hess (the “Notes”):
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Sep. 30, 2016-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 26, 2016 at 10 a.m. Eastern Daylight Time to discuss its third quarter 2016 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Corporation Calls Outstanding Notes Due in 2017 for Redemption
NEW YORK --(BUSINESS WIRE)--Sep. 28, 2016-- Hess Corporation (NYSE: HES) announced today that it will redeem all of its outstanding 1.300% Notes due June 15, 2017 (the “Notes”). The formal notice of redemption was sent today to holders of the Notes, by The Bank of New York Mellon , the trustee
Toggle Summary Hess Corporation Announces Expiration and Results of Offer to Purchase Notes Due in 2019
NEW YORK --(BUSINESS WIRE)--Sep. 26, 2016-- Hess Corporation (NYSE:HES) announced today that the previously announced cash tender offer (the “Any and All Tender Offer”) for any and all of its outstanding 8.125% Notes due February 15, 2019 (the “Any and All Notes”) (CUSIP No.
Toggle Summary Hess Corporation Announces Pricing of Offer to Purchase Notes Due in 2019
NEW YORK --(BUSINESS WIRE)--Sep. 23, 2016-- Hess Corporation (NYSE:HES) announced today the consideration to be paid in the previously announced cash tender offer (the “Offer”) for any and all of its outstanding 8.125% Notes due 2019 (the “Notes”). The Offer will expire at 5:00 p.m.
Toggle Summary Hess Corporation Announces Notes Offering
NEW YORK --(BUSINESS WIRE)--Sep. 19, 2016-- Hess Corporation  (NYSE:HES) announced today that it has agreed to sell $1 billion of senior notes with a 4.30% coupon maturing on April 1, 2027 and $500 million of senior notes with a 5.80% coupon maturing on April 1, 2047 in a registered public offering
Toggle Summary Hess Corporation Announces Offer to Purchase Any and All Notes Due 2019 and Notes Due 2029, 2031 and 2033 for up to the Aggregate Maximum Repurchase Amount
NEW YORK --(BUSINESS WIRE)--Sep. 19, 2016-- Hess Corporation (NYSE: HES) announced today the commencement of cash tender offers (the “Offers”) for the debt securities in the table below (collectively the “Notes”). Any and All of the Outstanding Securities Listed Below:                        
Toggle Summary Hess Named to Dow Jones Sustainability Index North America for Seventh Consecutive Year
NEW YORK --(BUSINESS WIRE)--Sep. 9, 2016-- Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the seventh consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Sep. 7, 2016-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Sep. 7, 2016-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2016 to holders of record at the close of business on September 19, 2016
Toggle Summary Hess to Participate in Barclays 2016 Global CEO Energy-Power Conference
NEW YORK --(BUSINESS WIRE)--Sep. 1, 2016-- Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Barclays 2016 Global CEO Energy-Power Conference in New York on September 8 at 7:45 a.m. ET. A live  audio webcast and a replay of the presentation
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2016
Toggle Summary Hess Corporation’s 2015 Sustainability Report Shows Commitment to Safety and Responsible Business Practices
Improved safety performance with a 10 percent reduction in workforce total recordable incident rate Invested nearly $22 million in social programs, with the majority in education Reduced equity greenhouse gas emissions by more than 5 million tonnes ( 2008-2015) Set new 2020 targets to reduce
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jul. 5, 2016-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, July 27, 2016, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2016 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Encouraged by Favorable Results of Second Well Offshore Guyana; Confirms a World-Class Oil Discovery
NEW YORK --(BUSINESS WIRE)--Jun. 30, 2016-- Hess Corporation (NYSE:HES) today announced positive results from the Liza-2 exploration well in the Stabroek block offshore Guyana . The results confirm a world-class oil discovery with estimated recoverable resource for the Liza prospect of between 800
Toggle Summary Hess Recognized in 2016 Newsweek Green Rankings U.S. 500
NEW YORK --(BUSINESS WIRE)--Jun. 6, 2016-- Hess Corporation  (NYSE:HES) today announced it has received one of the highest rankings among energy producers in the 2016 Newsweek Green Rankings U.S. 500 – one of the world’s most recognized assessments of corporate environmental performance.
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Jun. 1, 2016-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Jun. 1, 2016-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 30, 2016 to holders of record at the close of business on June 16, 2016 .
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2016
Toggle Summary Hess Ranked Top Oil and Gas Company on 2016 Best Corporate Citizens List
NEW YORK --(BUSINESS WIRE)--Apr. 21, 2016-- Hess Corporation  (NYSE:HES) has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2016. The list recognizes public companies across the United States with strong
Toggle Summary Hess Announces Quarterly Cash Dividend on Preferred Stock
NEW YORK --(BUSINESS WIRE)--Apr. 4, 2016-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $18 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $0.90 per depositary share, each representing
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Apr. 4, 2016-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 27, 2016, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2016 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Mar. 2, 2016-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 31, 2016 to holders of record at the close of business on March 17, 2016 .
Toggle Summary Hess Announces Changes to Board of Directors
Chairman Mark Williams Retires; Director James Quigley Named Chairman NEW YORK --(BUSINESS WIRE)--Mar. 2, 2016-- Hess Corporation (NYSE:HES) announced today that Dr. Mark Williams , Chairman of the Board of Directors, has announced his retirement, effective immediately, due to health reasons.
Toggle Summary Hess to Participate in Credit Suisse Energy Summit
NEW YORK --(BUSINESS WIRE)--Feb. 18, 2016-- Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Credit Suisse 21st Annual Energy Summit in Vail on Wednesday, February 24 at 7:30 a.m. Mountain Time. A live  audio webcast and a  replay  of the
Toggle Summary Hess Corporation Prices Concurrent Offerings of Common Stock and Depositary Shares Representing an Interest in Mandatory Convertible Preferred Stock
NEW YORK --(BUSINESS WIRE)--Feb. 5, 2016-- Hess Corporation (NYSE:HES) today announced the pricing of its previously announced concurrent underwritten public offerings of 25,000,000 shares of its common stock at a price of $39.00 per share, and 10,000,000 depositary shares, each of which represents
Toggle Summary Hess Corporation Announces Concurrent Offerings of Common Stock and Depositary Shares Representing an Interest in Mandatory Convertible Preferred Stock
NEW YORK --(BUSINESS WIRE)--Feb. 4, 2016-- Hess Corporation (NYSE:HES) today announced the commencement of concurrent underwritten public offerings of 25,000,000 shares of its common stock and 10,000,000 depositary shares, each of which represents a 1/20th interest in a share of its Series A
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2015
Toggle Summary Hess Announces 2016 E&P Capital and Exploratory Budget
NEW YORK --(BUSINESS WIRE)--Jan. 26, 2016-- Hess Corporation (NYSE: HES) announced today a 2016 E&P capital and exploratory budget of $2.4 billion , a 40 percent reduction from its 2015 actual spend of $4.0 billion and approximately 20 percent below preliminary 2016 guidance of $2.9-$3.1 billion
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jan. 6, 2016-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, January 27, 2016, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2015 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 2, 2015-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2015 to holders of record at the close of business on December 17, 2015
Toggle Summary Hess Corporation Earns Place on 2015 S&P 500 Climate Disclosure Leadership Index
NEW YORK --(BUSINESS WIRE)--Nov. 17, 2015-- Hess Corporation (NYSE:HES) has been recognized as a leader among S&P 500 companies for climate change transparency, earning a position on the 2015 Climate Disclosure Leadership Index (CDLI) announced yesterday by CDP, an international non-profit group
Toggle Summary Hess to Participate in Bank of America Merrill Lynch 2015 Global Energy Conference
NEW YORK --(BUSINESS WIRE)--Nov. 4, 2015-- Hess Corporation (NYSE: HES) announced today that John Hess , Chief Executive Officer, will present at the Bank of America Merrill Lynch Global Energy Conference in Miami on November 11, 2015 at 8:15 AM (ET) . A live  audio webcast  and a replay of the
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2015
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Oct. 7, 2015-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 28, 2015, at 10 a.m. Eastern Time to discuss its third quarter 2015 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Sep. 9, 2015-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2015 to holders of record at the close of business on September 21, 2015
Toggle Summary Hess to Participate in Barclays CEO Energy-Power Conference
NEW YORK --(BUSINESS WIRE)--Sep. 8, 2015-- Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the 2015 Barclays CEO Energy-Power Conference in New York on September 10 at 7:45 a.m. EDT. A live  audio webcast  and a replay of the presentation will be
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2015
Toggle Summary Hess Corporation Releases Annual Sustainability Report
Report Earns GRI Application Rating of A+ for Seventh Consecutive Year NEW YORK --(BUSINESS WIRE)--Jul. 9, 2015-- Hess Corporation (NYSE:HES) today released its 2014 Corporate Sustainability Report, providing a comprehensive look at the company’s strategy and performance on significant
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jul. 1, 2015-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, July 29, 2015, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2015 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Completes Sale, Establishes Bakken Midstream Joint Venture Valued at $5.35 Billion
NEW YORK --(BUSINESS WIRE)--Jul. 1, 2015-- Hess Corporation (NYSE: HES) today completed the previously announced sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion . As planned, Hess and Global Infrastructure
Toggle Summary Hess Announces Bakken Midstream Joint Venture Valued at $5.35 Billion
Toggle Summary Hess Tops List of U.S. Energy Companies in 2015 Newsweek Green Rankings
NEW YORK --(BUSINESS WIRE)--Jun. 8, 2015-- Hess Corporation  (NYSE:HES) today announced it has been ranked first among U.S. energy companies on the 2015 Newsweek Green Rankings – U.S. 500 , one of the world’s most recognized assessments of corporate environmental performance.
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Jun. 3, 2015-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 30, 2015 to holders of record at the close of business on June 16, 2015 .
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2015
Toggle Summary Hess Ranked Top Oil and Gas Company on 2015 Best Corporate Citizens List
NEW YORK --(BUSINESS WIRE)--Apr. 21, 2015-- Hess Corporation  (NYSE: HES) has been ranked the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2015. The list recognizes public companies across the United States that demonstrated
Toggle Summary Hess Corporation Hosts Bipartisan Congressional Delegation in the Gulf of Mexico
HOUSTON --(BUSINESS WIRE)--Apr. 9, 2015-- Hess Corporation (NYSE:HES) will host a visit today of a bipartisan Congressional Delegation to its Tubular Bells oil and gas production facility, located in the Mississippi Canyon area of the deepwater Gulf of Mexico .
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Apr. 6, 2015-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, April 29, 2015, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2015 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Mar. 4, 2015-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 31, 2015 to holders of record at the close of business on March 19, 2015 .
Toggle Summary Hess to Participate in Credit Suisse Energy Summit
NEW YORK --(BUSINESS WIRE)--Feb. 18, 2015-- Hess Corporation (NYSE:HES) announced today that John Hess , Chief Executive Officer, will present at the Credit Suisse Energy Summit in Vail on Wednesday , February 25 at 10:25 a.m. Mountain Standard Time .
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2014
Toggle Summary Hess Corporation Announces 2015 Capital and Exploratory Budget
NEW YORK --(BUSINESS WIRE)--Jan. 26, 2015-- Hess Corporation (NYSE:HES) announced today a 2015 capital and exploratory budget of $4.7 billion , a 16 percent reduction from its 2014 actual spend of $5.6 billion . Of this, $2.1 billion (45 percent) is budgeted for unconventional shale resources, $1.2
Toggle Summary Hess Recognized Among World’s 100 Most Sustainable Corporations
NEW YORK --(BUSINESS WIRE)--Jan. 23, 2015-- For the second consecutive year, Hess Corporation (NYSE:HES) has been recognized among the 2015 Global 100 Most Sustainable Corporations by the Toronto -based media and investment research firm Corporate Knights.
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jan. 6, 2015-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, January 28, 2015, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2014 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces LOI with the North West Shelf to Liquefy Equus Gas
NEW YORK --(BUSINESS WIRE)--Dec. 22, 2014-- Hess Corporation (NYSE:HES) announced today that its Australian subsidiary, Hess Exploration Australia Pty Ltd , has signed a non-binding Letter of Intent (LOI) with the North West Shelf (NWS). Hess intends to develop its natural gas discoveries in its
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 3, 2014-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2014 to holders of record at the close of business on December 17, 2014 .
Toggle Summary Hess Corporation Announces First Production from the Tubular Bells Field in the Gulf of Mexico
NEW YORK --(BUSINESS WIRE)--Nov. 17, 2014-- Hess Corporation (NYSE: HES) today announced that production has commenced from the Tubular Bells Field, located in the Mississippi Canyon area of the deepwater Gulf of Mexico . Hess holds a 57.14 percent interest in the Tubular Bells Field and is the
Toggle Summary Hess Provides Update on Strategic Plan to Drive Long Term Growth and Shareholder Value
Increases five-year production growth rate forecast to 6-10% compounded annually from 2013 through 2018 between $90 and $100 Brent Increases Bakken peak production guidance by 17% to ~175 MBOED by 2020; confirms successful results from downspacing pilots Provides first time Utica net peak
Toggle Summary Hess to Host Investor Day
NEW YORK --(BUSINESS WIRE)--Nov. 3, 2014-- Hess Corporation (NYSE:HES) will hold an Investor Day on November 10, 2014 at 1:00 p.m. CST in Houston, TX. Chief Executive Officer John Hess and other members of the Hess leadership team will provide an overview of the company’s growth strategy and key
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2014
Toggle Summary Hess Announces Plan to Develop Stampede Field in the Deepwater Gulf of Mexico
NEW YORK --(BUSINESS WIRE)--Oct. 28, 2014-- Hess Corporation (NYSE:HES) today announced that together with its project co-owners it will proceed with the development of Stampede, an oil and gas project operated by Hess in the deepwater Gulf of Mexico .
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Oct. 3, 2014-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 29, 2014, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2014 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Corporation Recognized by CDP as S&P 500 Leader for Climate Change Transparency
NEW YORK --(BUSINESS WIRE)--Sep. 24, 2014-- Hess Corporation (NYSE:HES) has been recognized by CDP, an environmental not-for-profit organization, as a leader among S&P 500 companies for the depth and quality of climate change data it discloses to investors and the global marketplace.
Toggle Summary Hess Midstream Partners LP Files Registration Statement for Initial Public Offering
NEW YORK --(BUSINESS WIRE)--Sep. 24, 2014-- Hess Corporation (NYSE:HES) announced today that its wholly owned subsidiary, Hess Midstream Partners LP , has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ( SEC ) related to its proposed initial public
Toggle Summary Hess Announces Special Collector's Edition Toy Truck
NEW YORK, Sept. 23, 2014 /PRNewswire/ -- In honor of the Hess Toy Truck's 50th anniversary, Hess Corporation is releasing the first-ever Collector's Edition Hess Toy Truck, an individually numbered tanker truck with a replica of the original 1964 tanker trailer inside.
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Sep. 3, 2014-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2014 to holders of record at the close of business on September 16, 2014
Toggle Summary Hess to Participate in Barclays CEO Energy-Power Conference
NEW YORK --(BUSINESS WIRE)--Aug. 28, 2014-- Hess Corporation  (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the 2014 Barclays CEO Energy-Power Conference in New York on September 4 at 7:45 a.m. EDT . A live  audio webcast  and a replay of the presentation will
Toggle Summary Hess Toy Truck to Celebrate 50th Anniversary
NEW YORK, Aug. 19, 2014 /PRNewswire/ -- Hess Corporation today announced plans to celebrate the much anticipated 50 th Anniversary of the Hess Toy Truck during the upcoming holiday season. In keeping with its annual tradition, Hess will unveil the 50 th Anniversary Hess Holiday Toy Truck this fall,
Toggle Summary Hess to Host Investor Day
NEW YORK --(BUSINESS WIRE)--Jul. 30, 2014-- Hess Corporation (NYSE:HES) announced today that it will hold an Investor Day on November 10, 2014 at 1:00 p.m. CST in Houston, TX. Chief Executive Officer John Hess and other members of the Hess leadership team will provide an overview of the company’s
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2014
Toggle Summary Hess to Pursue Formation of Master Limited Partnership
Toggle Summary Hess Corporation Releases Annual Sustainability Report
Report Earns GRI Application Rating of A+ for Sixth Consecutive Year NEW YORK --(BUSINESS WIRE)--Jul. 23, 2014-- Hess Corporation (NYSE:HES) released its 2013 Corporate Sustainability Report today, a comprehensive look at the environmental, social and governance programs that distinguish the
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jul. 2, 2014-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, July 30, 2014, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2014 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Corporation Announces Notes Offering
NEW YORK --(BUSINESS WIRE)--Jun. 19, 2014-- Hess Corporation (NYSE:HES) announced today that it has agreed to sell $300 million of 3-year notes with a 1.30% coupon maturing on June 15, 2017 and $300 million of 10-year notes with a 3.50% coupon maturing on July 15, 2024 in a registered public
Toggle Summary Hess Tops List of U.S. Energy Producers in 2014 Green Rankings
NEW YORK --(BUSINESS WIRE)--Jun. 5, 2014-- Hess Corporation (NYSE:HES) today announced it has been ranked No. 1 among the greenest U.S. energy producers according to the just-released “2014 Newsweek (magazine) Green Rankings” of the largest 500 companies in the world (
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Jun. 4, 2014-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 30, 2014 to holders of record at the close of business on June 16, 2014 .
Toggle Summary Hess to Continue “Hess Toy Truck” Tradition
NEW YORK --(BUSINESS WIRE)--May 22, 2014-- Following the announcement today that Hess Corporation is selling its retail business to Marathon Petroleum Corporation , Hess confirmed that it will produce a 2014 Hess Toy Truck, that will be the 50th anniversary edition, which will be sold this holiday
Toggle Summary Hess Announces Sale of Retail Business to Marathon Petroleum Corporation for $2.6 Billion
Proceeds to Be Used for Additional Share Repurchases NEW YORK --(BUSINESS WIRE)--May 22, 2014-- Hess Corporation (NYSE:HES) announced today that it has agreed to sell its retail business to Marathon Petroleum Corporation for a total cash consideration of $2.6 billion .
Toggle Summary Hess Corporation, North Dakota Officials Gather to Celebrate Expansion of Tioga Gas Plant
TIOGA, N.D. --(BUSINESS WIRE)--May 19, 2014-- Hess Corporation (NYSE:HES) was joined today by Governor Jack Dalrymple , Senator John Hoeven and a host of other government officials to commemorate the recently completed expansion of the Tioga Gas Plant, which more than doubles the operational
Toggle Summary Hess Ranked Top Energy Company in 2014 Best Corporate Citizens List
NEW YORK --(BUSINESS WIRE)--May 6, 2014-- Hess Corporation (NYSE: HES) today announced it has been recognized as the highest ranking energy company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens. This honor is earned by companies that show strong performance
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2014
Toggle Summary Hess Announces Sale of Its Thailand Assets
NEW YORK--(BUSINESS WIRE)--Apr. 23, 2014-- Hess Corporation announced today it has sold its interests in both the Sinphuhorm and Pailin Fields located in Thailand to PTT Exploration and Production Public Company Limited for a total after-tax consideration of approximately $1.0 billion , effective
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Apr. 1, 2014-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, April 30, 2014, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2014 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess to Appoint Terrence J. Checki to Board of Directors
NEW YORK --(BUSINESS WIRE)--Mar. 11, 2014-- Hess Corporation (NYSE:HES) today announced that its Board of Directors will appoint Terrence J. Checki , a Management Committee member at the Federal Reserve Bank of New York , to the Company’s Board of Directors, effective May 1, 2014 . Mr.
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Mar. 5, 2014-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on March 31, 2014 to holders of record at the close of business on March 20, 2014 .
Toggle Summary Hess to Participate in Credit Suisse Energy Summit
NEW YORK--(BUSINESS WIRE)--Jan. 30, 2014-- Hess Corporation (NYSE:HES) announced today that John Hess , Chief Executive Officer, will present at the Credit Suisse Energy Summit in Vail on Tuesday February 11 at 11:30 am MST . A live audio webcast and a replay of the presentation will be accessible
Toggle Summary Hess Corporation Announces Sale of Utica Dry Gas Acreage
NEW YORK --(BUSINESS WIRE)--Jan. 29, 2014-- Hess Corporation (NYSE: HES) announced today that it has entered into an agreement to sell approximately 74,000 acres of its dry gas acreage in the Utica Shale to an undisclosed third party for a consideration of $924 million .
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2013
Toggle Summary Hess Corporation Announces 2014 Capital and Exploratory Budget
NEW YORK --(BUSINESS WIRE)--Jan. 23, 2014-- Hess Corporation (NYSE:HES) announced today a 2014 Exploration and Production capital and exploratory budget of $5.8 billion . Of this, $2.85 billion (49 percent) is dedicated to unconventional shale resources, with $1.475 billion (25 percent) for
Toggle Summary Hess Completes Sale of Pangkah Asset in Indonesia
NEW YORK --(BUSINESS WIRE)--Jan. 10, 2014-- Hess Corporation (NYSE:HES) today completed the previously announced sale of its Pangkah asset to a subsidiary of PT Saka Energi Indonesia, which exercised its pre-emption rights, for a total after tax consideration of $650 million comprising the sale of
Toggle Summary Hess Files Form 10 Registration Statement Related to Spin Off of Retail Business
NEW YORK --(BUSINESS WIRE)--Jan. 8, 2014-- Hess Corporation announced today that Hess Retail Corporation , its wholly owned subsidiary, has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission ( SEC ). The Form 10 contains a preliminary information statement about
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jan. 6, 2014-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 29, 2014, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2013 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Corporation Provides Interim Update for Fourth Quarter 2013
NEW YORK--(BUSINESS WIRE)--Dec. 16, 2013-- Hess Corporation (NYSE: HES) updates realized selling prices and operating data for the first two months of the fourth quarter of 2013 and its guidance for the fourth quarter. In addition, Hess provides information on its continuing progress toward
Toggle Summary Hess Completes Sale of Its Natuna Asset in Indonesia
NEW YORK --(BUSINESS WIRE)--Dec. 6, 2013-- Hess Corporation (NYSE:HES) today completed the previously announced sale of its Natuna A asset, located off the coast of Indonesia , to PT Pertamina and PTT Exploration and Production Company Limited for a total after-tax consideration of $650 million .
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 4, 2013-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2013 to holders of record at the close of business on December 17, 2013 .
Toggle Summary Hess Announces Sale of Its Indonesian Assets
NEW YORK --(BUSINESS WIRE)--Dec. 2, 2013-- Hess Corporation announced today it has entered into two separate agreements with a joint venture between PT Pertamina and PTT Exploration and Production Company Limited to sell its interests in both the Pangkah and Natuna A assets located off the coast of
Toggle Summary Hess to Participate in Bank of America Merrill Lynch Global Energy Conference
NEW YORK--(BUSINESS WIRE)--Nov. 15, 2013-- Hess Corporation (NYSE:HES) announced today that John Hess , Chief Executive Officer, will present at the Bank of America Merrill Lynch Global Energy Conference in Miami on November 21 at 4:20 p.m. EST . A live audio webcast and a replay of the
Toggle Summary Hess Completes Sale of Its Energy Marketing Business
NEW YORK --(BUSINESS WIRE)--Nov. 1, 2013-- Hess Corporation (NYSE: HES) today completed the previously announced sale of its Energy Marketing business to Direct Energy, a North American subsidiary of Centrica plc , for a total consideration of $1.2 billion .
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2013
Toggle Summary Hess Announces 2013 Toy Truck Model
Hess Toy Truck and Tractor Goes on Sale November 8 NEW YORK, Oct. 23, 2013 /PRNewswire/ -- Hess revealed the 2013 Toy Truck model ahead of its scheduled November 1 launch with help from fans through social media: The 2013 Hess Toy Truck and Tractor. Fans began to uncover hints and portions of the
Toggle Summary Hess Announces Sale of Terminal Network
NEW YORK --(BUSINESS WIRE)--Oct. 9, 2013-- Hess Corporation announced today it has entered into an agreement with Buckeye Partners, L.P. to sell its U.S. East Coast and St. Lucia terminal network for a total consideration of $850 million in cash. As a result of this sale, Hess is expected
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Oct. 1, 2013-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 30, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2013 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess to Participate in Barclays CEO Energy-Power Conference
NEW YORK--(BUSINESS WIRE)--Sep. 5, 2013-- Hess Corporation (NYSE: HES) announced today that John Hess , Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 11 at 9:05 a.m. EDT . A live audio webcast and a replay of the presentation will be
Toggle Summary Hess Increases Quarterly Dividend by 150 Percent
NEW YORK --(BUSINESS WIRE)--Sep. 4, 2013-- The Board of Directors of Hess Corporation (NYSE: HES) today authorized the previously announced 150 percent increase to its quarterly dividend, declaring a dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2013
Toggle Summary Hess Corporation Names Eric Fishman Vice President & Treasurer
NEW YORK --(BUSINESS WIRE)--Aug. 30, 2013-- Eric Fishman will become Vice President & Treasurer of Hess Corporation effective September 1 . Fishman, who is currently Treasurer, Marketing and Refining, joined Hess in 2007 as Assistant Treasurer, Capital Markets.
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2013
Toggle Summary Hess Announces Sale of Its Energy Marketing Business
NEW YORK --(BUSINESS WIRE)--Jul. 30, 2013-- Hess Corporation announced today it has entered into an agreement with Direct Energy, a North American subsidiary of Centrica plc , to sell its Energy Marketing business for a total consideration of $1.025 billion .
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jul. 8, 2013-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 31, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2013 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Jun. 5, 2013-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 28, 2013 to holders of record at the close of business on June 17, 2013 .
Toggle Summary Hess Corporation Announces Results of Annual Meeting
HOUSTON --(BUSINESS WIRE)--May. 16, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today announced voting results from its Annual Meeting of Stockholders held earlier today. At the meeting, stockholders elected the five Company nominees to the Board of Directors: John Krenicki Jr.
Toggle Summary Hess and Elliott Reach Resolution to End Proxy Contest
Hess To Add Three Elliott Director Nominees to Board and Elliott Agrees to Support Five Hess Director Nominees Majority of Board To Be Refreshed HOUSTON --(BUSINESS WIRE)--May. 16, 2013-- Hess Corporation (NYSE: HES) (“Hess”) today announced that it has reached an agreement with Elliott Management
Toggle Summary Hess Proposes Resolution to End Proxy Contest and Move Forward with Market-Endorsed Plan to Create Value
If the Five New, Independent Hess Nominees are Elected, Hess Commits to Adding Two Elliott Nominees NEW YORK --(BUSINESS WIRE)--May. 13, 2013-- Hess Corporation (NYSE: HES) (“Hess” or The “Company”) today issued the following statement: “We are gratified that the vast majority of our shareholders
Toggle Summary Hess Comments on Elliott Letter
Notes that Elliott's Nominees Finally Have Acknowledged that Their Short-Term, Conflicted Compensation Agreement Was Wrong Says Hess’ Five New Independent Director Nominees Will Act in the Best Interests of All Shareholders NEW YORK --(BUSINESS WIRE)--May.
Toggle Summary Hess to Separate Chairman and CEO Roles
NEW YORK --(BUSINESS WIRE)--May. 10, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today announced that, after consulting with its shareholders, it will separate the role of Chairman and Chief Executive Officer immediately following its Annual Meeting to be held on Thursday, May 16
Toggle Summary Hess Issues White Paper on ISS Report
Highlights Flaws in ISS’ Analysis Recommends Voting the White Proxy Card for the Election of Hess’ New, Highly Qualified, Independent Nominees NEW YORK --(BUSINESS WIRE)--May. 6, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today released a white paper on the report issued by
Toggle Summary Hess Director Nominees Send Letter to Shareholders
Will Objectively Oversee Continued Value Creation at Hess NEW YORK --(BUSINESS WIRE)--May. 6, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today sent a letter on behalf of the Company’s new, independent director nominees to all of Hess’ shareholders in connection with its 2013
Toggle Summary Hess Comments on ISS Report
ISS Betrays Own Principles; Flawed Analysis Ignores Key Facts and Hess’ Slate of All New, World-Class Independent Directors Egan Jones Recommends Hess Shareholders Support All of Hess’ New, Independent Director Nominees Hess Urges Shareholders to Protect Value of Investment, Vote for Its Highly
Toggle Summary Leading Independent Governance Experts and a Proxy Advisor Raise Concerns over Elliott Pay Scheme
Scheme Misaligns Board Interests and Creates Significant Risk for Hess and Its Shareholders NEW YORK --(BUSINESS WIRE)--May. 2, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today cited statements from leading, independent governance experts and a proxy advisory firm expressing
Toggle Summary Hess Comments on Glass Lewis Report
Flawed, One-Sided Recommendation Does Not Reflect Overwhelming Support Hess Transformation Plan Has Received from Shareholders and Independent Wall Street Analysts Glass Lewis Undermines Its Own Analysis; Finds Elliott Compensation Scheme Compromises Independence of Dissident Slate, Creates Divided
Toggle Summary Hess Sends Fifth Letter to Shareholders
Elliott’s Flawed Strategy and Misleading Statements Raise Serious Questions for Hess Shareholders Recommends Voting the White Proxy Card for the Election of Hess’ New, Highly Qualified, Independent Nominees NEW YORK --(BUSINESS WIRE)--Apr. 30, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the
Toggle Summary Hess Closes Sale of Its Interest in Russia
NEW YORK --(BUSINESS WIRE)--Apr. 26, 2013-- Hess Corporation (NYSE: HES) announced today it has completed the sale of 100 percent of its Russian subsidiary Samara-Nafta to OAO LUKOIL for a total consideration of $2.05 billion . Including working capital and other adjustments, total after tax
Toggle Summary Hess Sends Fourth Letter to Shareholders
Hess Delivers Consensus Beating Q1 2013 Earnings Encourages Shareholders to Continue the Company’s Strong Momentum of Transformation into Pure Play E&P Company Recommends Voting the White Proxy Card for the Election of Hess’ Highly Qualified, Independent Nominees NEW YORK --(BUSINESS WIRE)--Apr.
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2013
Toggle Summary Hess Sends Third Letter to Shareholders
Urges Shareholders to Support Hess’ Successful Execution of Its Transformation to Pure Play E&P Company Recommends Voting the White Proxy Card for the Election of Hess’ New, Highly Qualified, Independent Nominees NEW YORK --(BUSINESS WIRE)--Apr. 15, 2013-- Hess Corporation (NYSE: HES) (“Hess” or
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Apr. 11, 2013-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 24, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2013 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Sends Second Letter to Shareholders
Encourages Shareholders to Preserve the Integrity of the Company’s Transformation and Protect Long Term Value Recommends Voting the WHITE Proxy Card for the Election of Hess’ Highly Qualified, Independent Nominees NEW YORK --(BUSINESS WIRE)--Apr. 4, 2013-- Hess Corporation (NYSE: HES) (“Hess” or
Toggle Summary Hess Announces Sale of Its Interest in Russia
NEW YORK --(BUSINESS WIRE)--Apr. 1, 2013-- Hess Corporation announced today it has entered into an agreement with OAO LUKOIL to sell 100 percent of its Russian subsidiary Samara-Nafta for a total consideration of $2.05 billion . Based on its 90 percent interest in Samara-Nafta, total after tax
Toggle Summary Hess Closes Sale of Interest in ACG Fields to ONGC Videsh
NEW YORK --(BUSINESS WIRE)--Mar. 28, 2013-- Hess Corporation (NYSE: HES) announced today it has completed the sale of its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion .
Toggle Summary Hess Sends Letter to Shareholders
Urges Shareholders to Protect Value of Their Investment by Rejecting Elliott’s Slate Incentivized to Break up the Company Recommends Voting the White Proxy Card for the Election of Hess’ Highly Qualified Nominees NEW YORK --(BUSINESS WIRE)--Mar. 26, 2013-- Hess Corporation (NYSE: HES) (“Hess” or
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Mar. 4, 2013-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on March 29, 2013 to holders of record at the close of business on March 15, 2013 .
Toggle Summary Hess Corporation Issues Letter to Shareholders
Announces Culmination of Multi-Year Transformation Into Pure Play E&P Company Names Six New, Highly Qualified Independent Directors Responds to Elliott Management’s Flawed Recommendations NEW YORK --(BUSINESS WIRE)--Mar. 4, 2013-- Hess Corporation (NYSE: HES) (“Hess”) today issued the following
Toggle Summary Hess Announces Culmination of Transformation Into Pure Play E&P Company
Focusing on Higher Growth, Lower Risk Portfolio of E&P Assets Exiting Downstream Businesses, Including Retail, Energy Marketing and Energy Trading Returning Capital Directly to Shareholders through Dividend Increase And Share Repurchase Authorization of up to $4 Billion Names Six New, Highly
Toggle Summary Hess Announces Ghana Drilling Results
NEW YORK --(BUSINESS WIRE)--Feb. 28, 2013-- Hess Corporation (NYSE: HES) announced today it has completed drilling of its seventh consecutive successful exploratory well on the Deepwater Tano/ Cape Three Points block offshore Ghana . The Pecan North-1 well, located approximately seven miles
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2012
Toggle Summary Hess Announces Receipt of Notices from Elliott
NEW YORK --(BUSINESS WIRE)--Jan. 28, 2013-- Hess Corporation (NYSE: HES) announced today that Elliott Associates, L.P. and its associated entity Elliott International Limited notified Hess this past Friday in writing that they intend to file a Hart-Scott-Rodino Notification and Report Form seeking
Toggle Summary Hess to Pursue Sale of Terminal Network and Exit Refining Business
NEW YORK --(BUSINESS WIRE)--Jan. 28, 2013-- Hess Corporation (NYSE: HES) announced today that it will pursue the sale of its terminal network in the United States . Hess also announced that it will complete its exit from the refining business by closing its Port Reading, New Jersey refinery .
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jan. 9, 2013-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 30 , at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2012 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Corporation Announces 2013 Capital and Exploratory Budget
NEW YORK --(BUSINESS WIRE)--Jan. 9, 2013-- Hess Corporation (NYSE: HES) announced today a 2013 capital and exploratory budget of $6.8 billion , which is down 18 percent from 2012 expenditures of approximately $8.3 billion . Of the $6.7 billion budgeted for Exploration and Production, $2.7 billion
Toggle Summary Hess Announces Pecan-1 Discovery Offshore Ghana
NEW YORK --(BUSINESS WIRE)--Dec. 12, 2012-- Hess Corporation (NYSE: HES) announced today that it filed a notice of discovery with the Ghana National Petroleum Corporation for the Pecan-1 exploration well located in the Deepwater Tano / Cape Three Points license offshore Ghana , which has
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 5, 2012-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on December 31, 2012 to holders of record at the close of business on December 17, 2012
Toggle Summary Hess Corporation Names Drew Maloney Vice President, Government Affairs and Public Policy
NEW YORK --(BUSINESS WIRE)--Dec. 5, 2012-- Hess Corporation (NYSE: HES) announced today that Drew Maloney has been appointed Vice President, Government Affairs and Public Policy. Maloney, 43, will lead the company’s international, federal and state relations and be based in Washington, D.C.
Toggle Summary Hess Explores Sale of Interests in Russia
NEW YORK --(BUSINESS WIRE)--Nov. 12, 2012-- Hess Corporation (NYSE: HES) announced today that as part of the company’s strategic reshaping of its portfolio it will pursue the sale of its Russian subsidiary Samara-Nafta, which produces approximately 50,000 barrels of oil equivalent per day in the
Toggle Summary Hess Corporation Donates $5 Million to Hurricane Relief in New York and New Jersey
NEW YORK --(BUSINESS WIRE)--Nov. 2, 2012-- Hess Corporation (NYSE: HES) announced today that is has donated $5 million to relief efforts in New York and New Jersey following Hurricane Sandy. “We are deeply concerned about the welfare of all the people who are suffering from the devastation caused
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2012
Toggle Summary Hess Reschedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Oct. 29, 2012-- Hess Corporation (NYSE: HES) announced today that in light of Hurricane Sandy, it has rescheduled its third quarter 2012 earnings conference call to Friday, November 2 , at 10 a.m. EDT . To phone into the conference call, parties in the United States
Toggle Summary Hess Toy Truck Fans Use Social Media to Reveal 2012 Model Early
Helicopter and Rescue Goes on Sale Nov. 9 NEW YORK (Oct. 29, 2012) – Hess Toy Truck fans worked together to reveal the newest addition to the celebrated line of toy trucks ahead of its scheduled Nov. 1 launch: The 2012 Hess Toy Truck is a Helicopter and Rescue .
Toggle Summary Hess to Sell Beryl Assets to Royal Dutch Shell
NEW YORK --(BUSINESS WIRE)--Oct. 25, 2012-- Hess Corporation (NYSE: HES) announced today it has agreed to terms for the sale of its interest in the Beryl area fields and the Scottish Area Gas Evacuation System (SAGE) to Royal Dutch Shell for $525 million .
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Oct. 4, 2012-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 31 , at 10 a.m. Eastern Daylight Time to discuss its third quarter 2012 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Toy Truck Available for Online Purchase for First Time in Product's 48-Year History
Integrated Marketing Plan to Support Nationwide Launch of 2012 Model NEW YORK , Oct. 1, 2012 /PRNewswire/ -- Hess Corporation today announced that the Hess Toy Truck, a holiday tradition for 48 years on the East Coast, will be available for purchase online this year for the first time.
Toggle Summary Hess to Sell Interest in ACG Fields to ONGC Videsh
NEW YORK --(BUSINESS WIRE)--Sep. 7, 2012-- Hess Corporation (NYSE: HES) announced today it has agreed to sell its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) in Azerbaijan and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion .
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Sep. 5, 2012-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on September 28, 2012 to holders of record at the close of business on September 17,
Toggle Summary Hess to Present at Barclays CEO Energy-Power Conference
NEW YORK --(BUSINESS WIRE)--Aug. 30, 2012-- Hess Corporation (NYSE: HES) announced today that Chairman and CEO John Hess will present at the Barclays CEO Energy-Power Conference in New York on Thursday, September 6, 2012 , at 1:05 p.m. EDT . The event will be available to the public via internet
Toggle Summary Sam Nunn Elected to Hess Corporation Board of Directors
NEW YORK --(BUSINESS WIRE)--Aug. 2, 2012-- Hess Corporation (NYSE: HES) announced today the election of former U.S. Senator Sam Nunn to its Board of Directors. Senator Nunn served with distinction as a United States Senator from Georgia for 24 years (1972-1996).
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2012
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2012
Click Here for PDF Second Quarter Highlights: Net income was $549 million , compared with $607 million in the second quarter of 2011 Oil and gas production increased to 429,000 barrels of oil equivalent per day, up from 372,000 in the second quarter of 2011 Oil and gas production from the Bakken
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jul. 3, 2012-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 25 , at 10 a.m. Eastern Daylight Time to discuss its second quarter 2012 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess and PETRONAS Sign Partnership Agreements to Develop North Malay Basin
KUALA LUMPUR --(BUSINESS WIRE)--Jun. 21, 2012-- Hess Corporation (NYSE: HES) announced today that it has signed agreements with PETRONAS to develop the North Malay Basin , located offshore Peninsular Malaysia. The agreements creating the North Malay Basin Integrated Gas Development Project include
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Jun. 6, 2012-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 29, 2012 to holders of record at the close of business on June 18, 2012 .
Toggle Summary Hess Reaches Agreement for Sale of UK Assets
NEW YORK --(BUSINESS WIRE)--May. 30, 2012-- Hess Corporation (NYSE: HES) today announced it had reached agreement with Royal Dutch Shell to sell its 15.67 percent interest in the BP-operated Schiehallion field, its associated share in the Schiehallion Floating, Production, Storage and Offloading
Toggle Summary 2012 Hess Miniature Toy Truck Takes Off May 25
NEW YORK (May 17, 2012) – Hess Corporation today announced the latest addition to the company’s Miniature Truck series – a limited edition Hess Toy Truck and Airplane. For the past 15 years, the Miniature Truck series has paid tribute to a popular Hess holiday Toy Truck from the past.
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2012
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Apr. 9, 2012-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 25 , at 10 a.m. Eastern Daylight Time to discuss its first quarter 2012 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Explores Sale of St. Lucia Terminal
NEW YORK --(BUSINESS WIRE)--Mar. 19, 2012-- Hess Corporation (NYSE: HES) announced today that it is exploring the sale of its St. Lucia crude oil and refined products storage and transshipment terminal in the Caribbean. Hess has retained Goldman Sachs as financial advisor in connection with the
Toggle Summary Greening of Lindsay Park Continues with Selection of Hess for Oil-to-Gas Conversion
Lindsay Park Converts to Natural Gas to Cut Costs, Reduce Greenhouse Gas Emissions and Meet NYC Regulations WOODBRIDGE, N.J. , March 12, 2012 /PRNewswire/ -- Lindsay Park Housing Corporation in New York City has selected Hess Energy Solutions, part of Hess Corporation (NYSE: HES), to convert its 10
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Mar. 7, 2012-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on March 30, 2012 to holders of record at the close of business on March 16, 2012 .
Toggle Summary Hess Introduces Comprehensive Energy Solutions Unit
Hess Helps Commercial and Industrial Customers Maximize Energy Savings and Improve Operational Efficiencies WOODBRIDGE, N.J. , Feb. 22, 2012 /PRNewswire/ --  Hess Corporation (NYSE: HES) today announced the launch of Hess Energy Solutions, offering comprehensive energy services for commercial,
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2011
Toggle Summary Hess Announces Charge Related to Closure of HOVENSA Joint Venture Refinery
NEW YORK --(BUSINESS WIRE)--Jan. 18, 2012-- Hess Corporation announced today that it will take a $525 million after-tax charge against its fourth quarter 2011 earnings as a result of the shutdown of the HOVENSA L.L.C. refinery in St. Croix , U.S. Virgin Islands , a joint venture between Hess and
Toggle Summary Hess Corporation Announces Capital and Exploratory Budget for 2012
Click here to view release in PDF format. NEW YORK --(BUSINESS WIRE)--Jan. 12, 2012-- Hess Corporation (NYSE: HES) announced today a 2012 capital and exploratory budget of $6.8 billion , nearly all of which is targeted for Exploration and Production: $2.5 billion for unconventionals, $1.6 billion
Toggle Summary Hess Schedules Earnings Release Conference Call
Click here to view release in PDF format. NEW YORK --(BUSINESS WIRE)--Jan. 9, 2012-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 25 , at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2011 earnings release.
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 7, 2011-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on January 3, 2012 to holders of record at the close of business on December 20, 2011 .
Toggle Summary New Hess Toy Truck Racing App Offers Enhanced Gaming and Social Media Features
2011 Hess Racer Game App Debuts Free on iPhone/iPad and Facebook Today; Android App Launches Dec. 2 NEW YORK, Nov. 18, 2011 – Hess Corporation (NYSE: HES) today announced the release of its second edition Hess Toy Truck game app, the Hess Racer Game .
Toggle Summary Dalrymple Thanks Hess Corp for Over $25 Million Donation to Enhance North Dakota Education
BISMARCK, N.D. – Governor Jack Dalrymple and the Hess Corporation (NYSE: HES) announced today that the global energy company is donating more than $25 million to fund “Succeed 2020,” a statewide education project aimed at helping North Dakota students become better prepared for college and careers.
Toggle Summary 2011 Hess Toy Truck Launches November 11
NEW YORK , Oct. 27, 2011 /PRNewswire/ -- Hess Corporation today announced the latest addition to its highly anticipated line of toy trucks that promises to have fans racing to Hess locations this holiday season: The 2011 Hess Toy Truck and Race Car. For the first time in the collection's 47-year
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2011
Third Quarter Highlights: Net income was $298 million, compared with $1,154 million in the third quarter of 2010 Net income excluding items affecting comparability between periods was $379 million, compared with $429 million in the third quarter of 2010 Net cash provided by operating activities was
Toggle Summary Hess Announces Plan to Develop Tubular Bells Field in the Gulf of Mexico
NEW YORK, Oct 25, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) today announced that they will proceed with the development of Tubular Bells, a deepwater oil and gas project operated by Hess in the Gulf of Mexico. Discovered in 2003, Tubular Bells is located approximately 135 miles southeast
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Sep 29, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 26, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2011 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Home Run Campaign a Hit for Kids with Medical Needs
$100,000 for Jimmy Fund through Red Sox Foundation and Children's Hospital Boston Hess Corporation to Present Checks during Red Sox Pre-Game on Sept. 20 BOSTON, Sept. 20, 2011 /PRNewswire via COMTEX/ --Two local institutions serving children's medical needs are about to benefit from Hess
Toggle Summary Hess Acquires Additional Acreage in Ohio's Utica Shale
NEW YORK, Sep 08, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today it has acquired Marquette Exploration LLC and other leases in Ohio's Utica Shale, boosting its acreage position by 85,000 net acres at a cost of approximately $750 million.
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK, Sep 08, 2011 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) yesterday declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on September 30, 2011 to holders of record at the close of business on September 19,
Toggle Summary Hess and CONSOL Energy Enter into Joint Venture in Utica Shale in Ohio
NEW YORK, Sep 07, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today it has entered into an agreement with CONSOL Energy Inc. to acquire a 50 percent interest in CONSOL's nearly 200,000 acres in the Utica Shale in eastern Ohio for aggregate payments of $593 million.
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2011
Toggle Summary Hess Announces Exploration Agreement in Kurdistan Region of Iraq
NEW YORK, Jul 27, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that, in partnership with Petroceltic International PLC, it has signed production sharing contracts (PSCs) with the Kurdistan Regional Government of Iraq for its Dinarta and Shakrok exploration blocks.
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Jun 28, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 27, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2011 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Corporation Donates $1 Million to North Dakota Flood Relief
NEW YORK, Jun 28, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it has donated $1 million to North Dakota flood relief efforts. "We are deeply concerned about the people who are suffering from the devastation caused by the floods that have occurred in North Dakota," said
Toggle Summary Hess Confirms Paradise-1 Discovery Offshore Ghana
NEW YORK, Jun 07, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it has filed a Notice of Discovery with the Minister for Energy of Ghana for the Paradise-1 exploration well in the Deepwater Tano / Cape Three Points license, offshore Ghana.
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK, Jun 01, 2011 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 30, 2011 to holders of record at the close of business on June 16, 2011.
Toggle Summary 2011 Hess Miniature Helicopter Takes Flight May 27
NEW YORK (May 19, 2011) – Hess Corporation today announced the newest addition to the company’s Miniature Truck series – a limited edition helicopter transporter. Each year, the Miniature Truck series pays tribute to a popular Hess holiday Toy Truck from the past.
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2011
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Apr 01, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 27, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2011 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK, Mar 02, 2011 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on March 31, 2011 to holders of record at the close of business on March 14, 2011.
Toggle Summary HOVENSA L.L.C. to Close Some Units and Reduce Crude Oil Distillation Capacity
St. Croix, U.S. Virgin Islands ……January 26, 2011…… HOVENSA L.L.C. (HOVENSA) today announced plans to shut down certain processing units on the west side of its refinery. This action will reduce the refinery’s crude oil distillation capacity from 500,000 barrels per day (BPD) to 350,000 BPD, with
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2010
Toggle Summary Hess Corporation Announces Capital and Exploratory Budget for 2011
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Jan 03, 2011 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 26, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2010 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Completes Acquisition of Additional Bakken Acreage
NEW YORK, Dec 29, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that is has completed the acquisition of 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC for $1,050 million in cash. The acquired properties are located near Hess' existing
Toggle Summary Hess Completes Acquisition of American Oil & Gas Inc.
Click here to view release in PDF format. NEW YORK, Dec 20, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today it has completed the acquisition of American Oil & Gas Inc. The all-stock transaction increases Hess' strategic position in the Bakken oil play in North Dakota by
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
Click here to view release in PDF format. NEW YORK, Dec 01, 2010 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on January 3, 2011 to holders of record at the
Toggle Summary Introducing First-Ever Hess Toy Truck Online Racing Game
2010 Hess Jet Game Debuts Free on Facebook; iPad/iPhone App Launches Dec. 15 NEW YORK (November 30, 2010) – Hess Corporation is introducing a virtual new chapter to its 46-year-old Hess Toy Truck holiday tradition with the launch of its first-ever interactive game, the Hess Jet Game.
Toggle Summary Hess Acquires Additional Bakken Acreage
NEW YORK, Nov 22, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it has agreed to acquire 167,000 net acres in the Bakken oil shale play in North Dakota from TRZ Energy, LLC for $1,050 million in cash. The properties being acquired are located near Hess' existing acreage
Toggle Summary Hess to Present at Bank of America Merrill Lynch Global Energy Conference
NEW YORK, Nov 10, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today it will present at the Bank of America Merrill Lynch Global Energy Conference in Miami Beach, FL, on Thursday, Nov. 11, 2010, at 1:20 p.m. (EST). Chairman and CEO John Hess will review the company's strategy and
Toggle Summary 2010 Hess Toy Truck Launches November 12
NEW YORK (October 28, 2010) – Hess Corporation today announced the newest addition to its celebrated line of toy trucks with a design that promises to fly off shelves: The 2010 Hess Toy Truck and Jet . This marks the first time in the collection’s 46-year history that a jet aircraft has been part
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2010
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Oct 07, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 27, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2010 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess and Red Sox Hit Home Run for Kids with Medical Needs
$110,000 for Jimmy Fund through Red Sox Foundation and Children's Hospital Boston Hess Corporation to Present Checks during Red Sox Pre-Game on October 1 BOSTON, Oct 01, 2010 /PRNewswire via COMTEX/ -- Two local institutions serving children's medical needs are about to benefit from Hess
Toggle Summary Hess Increases Share in Tubular Bells Field and Becomes Operator
NEW YORK, Sep 30, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) today announced it has agreed to acquire an additional 20 percent interest in the Tubular Bells oil and gas field in the Gulf of Mexico from BP for $40 million and will become the operator.
Toggle Summary Hess Completes Transactions for Valhall and Hod Fields
Click here to view release in PDF format. NEW YORK, Sep 30, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) today announced the completion of two transactions that bring Hess' interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod, to 64.05 percent and 62.5 percent
Toggle Summary Hess to Present at Barclays Capital CEO Energy-Power Conference
NEW YORK, Sep 15, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today it will present at the Barclays Capital CEO Energy-Power Conference in New York City on Thursday, Sept. 16, 2010 at 11:05 a.m. (EDT). Chairman and CEO John Hess will review the company's strategy and business
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
Click here to view release in PDF format. NEW YORK, Sep 08, 2010 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on September 30, 2010 to holders of record at
Toggle Summary Hess Corporation Announces Note Offering
Click here to view release in PDF format. NEW YORK, Aug 05, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it has agreed to sell $1.25 billion of notes with a 5.60% coupon maturing on February 15, 2041 in a registered public offering led by Goldman, Sachs & Co., J.P.
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2010
Toggle Summary Hess Corporation to Acquire American Oil & Gas Inc.
Click here to view release in PDF format. NEW YORK & DENVER, Jul 27, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) and American Oil & Gas Inc. (NYSE-AMEX: AEZ) jointly announced today that Hess has agreed to acquire American Oil & Gas pursuant to a merger agreement approved by the Boards of
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Jun 29, 2010 (BUSINESS WIRE) --Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 28, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2010 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess to Acquire Further Interests in Valhall and Hod Fields
Click here to view release in PDF format. NEW YORK, Jun 21, 2010 (BUSINESS WIRE) --Hess Corporation (NYSE: HES) today announced it has exercised its right to pre-empt Total's sale to BP of its interests in a pair of Norwegian North Sea offshore fields, Valhall and Hod.
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
Click here to view release in PDF format. NEW YORK, Jun 02, 2010 (BUSINESS WIRE) --The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 30, 2010 to holders of record at the
Toggle Summary Hess Corporation Names Robert Biglin Vice President & Treasurer
Click here to view release in PDF format. NEW YORK, May 24, 2010 (BUSINESS WIRE) --Robert Biglin will become Vice President & Treasurer of Hess Corporation effective September 1. Biglin, who is currently Director, Commercial Southeast Asia in Kuala Lumpur, joined Hess in 2004 and has held key
Toggle Summary Toreador and Hess Announce Paris Basin Shale Oil Partnership
Click here to view release in PDF format. Paris, France and New York, New York – May 10, 2010 – Toreador (NASDAQ: TRGL) and Hess (NYSE: HES) jointly announced today that they have signed a definitive agreement, under which Hess may become co-holder of Toreador’s awarded and pending exploration
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2010
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Apr 05, 2010 (BUSINESS WIRE) --Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 28, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2010 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Reaches Agreement for Sale of UK Gas Assets
Click here to view release in PDF format. NEW YORK, Apr 01, 2010 (BUSINESS WIRE) --Hess Corporation (NYSE: HES) today announced that it had reached agreement with Scottish & Southern Energy to sell its interests in a package of natural gas production and transportation assets in the United Kingdom
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
Click here to view release in PDF format. NEW YORK, Mar 03, 2010 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on March 31, 2010 to holders of record at the
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2009
Toggle Summary Hess Corporation Donates $1 Million to Haiti Earthquake Relief
Click here to view release in PDF format. NEW YORK, Jan 18, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today it has donated $1 million to Haiti earthquake relief efforts. "We are deeply concerned about the people suffering from the devastation caused by the earthquake in Haiti,"
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Jan 05, 2010 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 27, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2009 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Makes Strategic Asset Trade with Shell
Click here to view release in PDF format. NEW YORK, Dec 21, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) today announced it has reached agreement with Shell for a strategic asset trade that will double Hess' interest in a pair of Norwegian offshore fields, Valhall and Hod, to 56.18 percent
Toggle Summary Hess Corporation Calls Outstanding Notes Due In 2011 For Redemption
Click here to view release in PDF format. NEW YORK, Dec 21, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will redeem all of its outstanding 6.65% Notes due August 15, 2011 (the "Notes"). The formal notice of redemption is being sent today to holders of the Notes by
Toggle Summary Hess Corporation Announces Expiration And Results Of Offer To Purchase Notes Due In 2011
Click here to view release in PDF format. NEW YORK, Dec 17, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that the previously announced cash tender offer for any and all of its outstanding 6.65% Notes due August 15, 2011 (the "Notes") (CUSIP No.
Toggle Summary Hess Corporation Announces Pricing of Offer to Purchase Notes Due in 2011
Click here to view release in PDF format. NEW YORK, Dec 16, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today the consideration to be paid in the previously announced cash tender offer for any and all of its outstanding 6.65% Notes due August 15, 2011 (the "Notes") (CUSIP No.
Toggle Summary Hess Corporation Announces Capital and Exploratory Budget for 2010
Click here to view release in PDF format. NEW YORK --(BUSINESS WIRE)--Dec. 14, 2009-- Hess Corporation (NYSE: HES) announced today a $3.9 billion capital and exploratory budget for 2010, nearly all of which is targeted for Exploration and Production: $2.4 billion for production, $600 million for
Toggle Summary Hess Corporation Announces Note Offering
Click here to view release in PDF format. NEW YORK, Dec 09, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it has agreed to sell $750 million of notes with a 6.0% coupon maturing on January 15, 2040 in a registered public offering led by Goldman, Sachs & Co., J.P.
Toggle Summary Hess Corporation Announces Offer to Purchase Notes Due in 2011
Click here to view release in PDF format. NEW YORK, Dec 09, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today the commencement of a cash tender offer for any and all of its outstanding 6.65% Notes due August 15, 2011 (the "Notes") (CUSIP No.
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK --(BUSINESS WIRE)--Dec. 2, 2009-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on January 4, 2010 to holders of record at the close of business on December 21, 2009 .
Toggle Summary Hess Announces Successful Libya Well Test
NEW YORK --(BUSINESS WIRE)--Dec. 2, 2009-- Hess Corporation (NYSE: HES) announced today that its fully-owned subsidiary Hess Libya Exploration Limited (HLEL) has carried out a successful test of its discovery well A1-54/01 offshore Libya in the Mediterranean Sea .
Toggle Summary Hess Toy Truck Celebrates a 45 Year Holiday Tradition
2009 Hess Race Car and Racer Kicks Fun and Innovation into High Gear NEW YORK (October 30, 2009) – Hess Corporation today celebrates the 45th anniversary of what has become a family holiday tradition for generations with the newest addition to its renowned collection of holiday toy trucks: The 2009
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2009
Toggle Summary Hess Home Run Campaign a Hit for Kids with Medical Needs
$100,000 For Jimmy Fund Through Red Sox Foundation and Children's Hospital Boston BOSTON , Oct. 2 /PRNewswire-FirstCall/ -- Hess Corporation will present two $50,000 checks -- one to the Jimmy Fund through the Red Sox Foundation and the other to Children's Hospital Boston's Trauma Program -- as
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Sep. 30, 2009-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 28 , at 10 a.m. Eastern Daylight Time to discuss its third quarter 2009 earnings release. To phone into the conference call, parties in the United
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Sep. 9, 2009-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on September 30, 2009 to holders of record at the close of business on September 18,
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2009
Toggle Summary Drilling Completed on Guarani Well
NEW YORK --(BUSINESS WIRE)--Jul. 7, 2009-- Hess Corporation (NYSE:HES) announced today that the Guarani appraisal well on the BM-S-22 license in the Santos Basin offshore Brazil has been completed and no discovery notice was filed. Hess’ share of the well cost will be expensed in the second
Toggle Summary Gary Boubel Named Senior Vice President of Global Developments
NEW YORK --(BUSINESS WIRE)--Jul. 1, 2009-- Hess Corporation (NYSE: HES) announced today that Gary Boubel will become Senior Vice President, Global Developments , beginning in September. He succeeds Keith Hunter , who has retired. Boubel, 54, joins Hess from BP, where he most recently was Senior
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)--Jun. 30, 2009-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 29 , at 10 a.m. Eastern Daylight Time to discuss its second quarter 2009 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK --(BUSINESS WIRE)--Jun. 5, 2009-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 30, 2009 to holders of record at the close of business on June 16, 2009 .
Toggle Summary Hess Provides Update on BM-S-22 License
NEW YORK --(BUSINESS WIRE)--Jun. 3, 2009-- Hess Corporation (NYSE: HES) announced today that the Guarani well on the BM-S-22 license in the Santos Basin offshore Brazil has been drilled in 2,238 meters of water to a measured depth of 5,424 meters. Drilling operations are continuing with a sidetrack
Toggle Summary Michael Turner Appointed Senior Vice President of Global Production
NEW YORK, Jun 01, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE:HES) announced today that Michael R. Turner has been named Senior Vice President, Global Production, with responsibility for Europe and Asia. Turner, 49, joins Hess from Shell. In his 28 year career with Shell, Turner held leadership
Toggle Summary Hess Launches Miniature Toy Space Shuttle
2009 Hess Mini Toy Truck Goes On Sale; An Out-Of-This-World Value NEW YORK (May 21, 2009) – A miniature space shuttle and accompanying tractor trailer transport are blasting off as part of Hess Corporation’s collectible Miniature Truck series. Each year, the Miniature Truck series pays tribute to a
Toggle Summary Hess Corporation Recommends Rejection of "Mini-Tender" Offer from TRC Capital
PDF (Printer Friendly) NEW YORK --(BUSINESS WIRE)--May. 15, 2009-- Hess Corporation (NYSE: HES) today said it has been notified of a so-called “mini-tender” offer by TRC Capital Corporation to purchase up to 2 million shares of its common stock, which represents about 0.6 percent of its outstanding
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2009
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Apr 02, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 29, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2009 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK, Mar 04, 2009 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on March 31, 2009 to holders of record at the close of business on March 16, 2009.
Toggle Summary Hess Corporation Announces Note Offering
PDF (Printer Friendly) NEW YORK --(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) announced today that it sold $250 million of 5 year notes with a 7% coupon maturing on February 15, 2014 and $1 billion of 10 year notes with a 8.125% coupon maturing on February 15, 2019 in a registered public
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2008
PDF (Printer Friendly) NEW YORK--(BUSINESS WIRE)-- Fourth Quarter Highlights: A net loss of $74 million was reported for fourth quarter 2008 compared with net income of $510 million in fourth quarter 2007 Debt to capitalization ratio decreased to 24.3 percent at December 31, 2008, from 28.9 percent
Toggle Summary Greg Hill Named President of Worldwide Exploration and Production
NEW YORK, Jan 07, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that Greg Hill has been named President, Worldwide Exploration and Production. Hill will also be an Executive Vice President of Hess Corporation. Hill, 47, joins Hess from Shell, where he has been Executive Vice
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK --(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 28 , at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2008 earnings release. To phone into the conference call, parties in the United States should dial
Toggle Summary Hess Announces Results of Africa Exploration Drilling
NEW YORK, Dec 17, 2008 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today the outcome of its recent exploratory drilling program in Africa. In Libya, well A1-54/01 in the Arous Al-Bahar prospect was drilled to a depth of 11,077 feet in 2,807 feet of water.
Toggle Summary Timothy B. Goodell Named General Counsel Of Hess Corporation
NEW YORK --(BUSINESS WIRE)-- Dec. 8, 2008 -- Hess Corporation announced today that Timothy B. Goodell has been appointed Senior Vice President and General Counsel, effective January 5, 2009 . Goodell has been a partner in the law firm White & Case , where he has worked since 1984.
Toggle Summary Hess Corporation Announces Capital and Exploratory Budget for 2009
NEW YORK --(BUSINESS WIRE)-- Dec. 8, 2008 -- Hess Corporation (NYSE: HES) announced today a $3.2 billion capital and exploratory expenditure program for 2009. Approximately $3.1 billion is targeted for Exploration and Production, with $1.4 billion for production, $900 million for developments and
Toggle Summary Hess Announces Commencement of JDA Phase 2 Gas Sales
NEW YORK--(BUSINESS WIRE)--Dec. 4, 2008--Hess Corporation (NYSE: HES) announced today that on November 12 natural gas sales commenced from the Phase 2 development of Block A-18 in the Malaysia-Thailand Joint Development Area (JDA), in the Gulf of Thailand.
Toggle Summary Hess Corporation Announces Regular Quarterly Dividend On Common Stock
NEW YORK, Dec 03, 2008 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on January 2, 2009 to holders of record at the close of business on December 19, 2008.
Toggle Summary New Hess Toy Truck Delivers Loads of Fun This Holiday Season
NEW YORK (November 3, 2008) – Hess Corporation today announced the newest addition to its renowned collection of holiday toy trucks: The 2008 Hess Toy Truck and Front End Loader. This first-ever construction vehicle from Hess reinforces the company’s 44-year commitment to quality, durability,
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2008
PDF (Printer Friendly) Third Quarter Highlights: Net Income was $775 million compared with $395 million in third quarter 2007 Cash flows from operations were $1.2 billion compared with $863 million in third quarter 2007 Oil and gas production was 361,000 barrels per day, up from 357,000 in third
Toggle Summary Hess Launches C-Neutral Energy Program - Nation’s First Carbon - Neutral Total Energy Offering for C&I Customers
One-stop shop for up to 100 percent carbon-neutral natural gas, electricity and fuel oil Program meets growing interest from commercial and industrial customers to reduce carbon footprint C-Neutral is part of an expanded suite of energy solutions from a leading total energy provider Additional
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Oct 08, 2008 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 29, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2008 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Boston Red Sox Home Run Campaign a Major Hit
$100,000 RAISED FOR CHILDREN HESS CORPORATION TO PRESENT CHECK TO JIMMY FUND THROUGH THE RED SOX FOUNDATION AND CHILDREN’S HOSPITAL BOSTON DURING PRE-GAME ON SEPTEMBER 26 BOSTON, September 26, 2008 – Hess Corporation will present two checks — one to the Jimmy Fund through the Red Sox Foundation and
Toggle Summary Hess Corporation Donates $3 Million To Gulf Coast Ike Relief Fund
NEW YORK--(BUSINESS WIRE)--Sept. 22, 2008--Hess Corporation (NYSE: HES) announced that it has donated $3 million to the Gulf Coast Ike Relief Fund. "We are deeply concerned for the welfare of the people suffering from the devastation caused by Hurricane Ike in Houston and the Gulf Coast," said John
Toggle Summary Hess Announces Nimblefoot-1 Natural Gas Discovery in Australia
NEW YORK--(BUSINESS WIRE)--Sept. 4, 2008--Hess Corporation (NYSE: HES) announced today that the Nimblefoot-1 exploration well on Australia's Northwest Shelf discovered natural gas. The well encountered 93 feet (28 meters) of net gas pay. Nimblefoot-1 is the third of four initial exploration wells
Toggle Summary Hess Corporation Declares Quarterly Dividend
NEW YORK--(BUSINESS WIRE)--Sept. 3, 2008--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on September 30, 2008 to holders of record at the close of business on September 16,
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2008
Launch or save PDF version Second Quarter Highlights: Net Income was $900 million compared with $557 million in second quarter 2007 Cash flows from operations were $1.7 billion compared with $1.2 billion in second quarter 2007 Oil and gas production was 393,000 barrels per day, up from 378,000 in
Toggle Summary Hess Announces Briseis-1 Natural Gas Discovery in Australia
NEW YORK--(BUSINESS WIRE)--July 20, 2008--Hess Corporation (NYSE: HES) announced today that the Briseis-1 exploration well on Australia's Northwest Shelf discovered natural gas in Jurassic and Triassic sandstones. The well encountered 151 feet (46 meters) of net gas pay, in line with pre-drill
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--July 2, 2008--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 30, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2008 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Announces Glencoe-1 Natural Gas Discovery in Australia
NEW YORK--(BUSINESS WIRE)--June 10, 2008--Hess Corporation (NYSE: HES) announced today that the Glencoe-1 exploration well on Australia's Northwest Shelf discovered natural gas in Upper Jurassic sandstones. The well encountered 92 feet (28 meters) of net gas pay, in line with pre-drill estimates
Toggle Summary Hess Announces Results of Pony Appraisal Well
NEW YORK--(BUSINESS WIRE)--June 5, 2008--Hess Corporation (NYSE: HES) announced today the successful completion of an appraisal well at its Pony discovery located on Green Canyon Block 468 in the deepwater Gulf of Mexico. The Pony #2 sidetrack well encountered the same objective sands as Pony #1
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--June 4, 2008--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 30, 2008 to holders of record at the close of business on June 16, 2008.
Toggle Summary 2008 Hess Mini Toy Truck Brings Twice the Fun to Collectors and Kids
NEW YORK, May 23 /PRNewswire-FirstCall/ -- A recreational van with an accompanying dune buggy makes its debut today as part of Hess Corporation's collectible Miniature Truck series. Paying tribute to a popular holiday Hess Toy Truck from the past, the 2008 Mini Toy Truck packs craftsmanship and
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2008
First Quarter Highlights: Income was $759 million compared with $370 million in first quarter 2007 Cash flows from operations were $1,176 million compared with $639 million in first quarter 2007 Oil and gas production was 391,000 barrels per day, up from 382,000 in first quarter 2007 Debt to
Toggle Summary Every Boston Red Sox Home Run Televised on NESN in 2008 to Help Children With Medical Needs
Hess Corporation Announces Home Run Campaign to Support Jimmy Fund and Children's Hospital Boston BOSTON, April 8, 2008 /PRNewswire-FirstCall/ -- Hess Corporation today announced that Red Sox home runs this baseball season will help support children with medical needs through the Jimmy Fund and the
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Apr 04, 2008 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 30, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2008 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Corporation Announces Results of Pony #2 Well
NEW YORK--(BUSINESS WIRE)--March 18, 2008--Hess Corporation (NYSE: HES) announced today the results of its Pony #2 appraisal well located on Green Canyon Block 468 in the deepwater Gulf of Mexico. The appraisal well was drilled at a location 1.5 miles northwest of the discovery well and reached a
Toggle Summary Hess Corporation Declares Quarterly Dividend
NEW YORK--(BUSINESS WIRE)--March 5, 2008--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on March 31, 2008 to holders of record at the close of business on March 17, 2008.
Toggle Summary Hess Corporation Unveils Demand Response Program
- Financial Incentives, Insight And Tools From A Leading Total Energy Provider - Helps Commercial And Industrial Customers Effectively Manage Their Power Demand - Reduces Strain On East Coast Power Grids WOODBRIDGE, N.J., Feb. 13 /PRNewswire-FirstCall/ -- Hess Corporation (NYSE: HES) today
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2007
Fourth Quarter Highlights: -- Net Income was $510 million compared with $359 million in fourth quarter 2006 -- Cash flows from operations were $806 million compared with $779 million in fourth quarter 2006 -- Oil and gas production was 390,000 barrels per day, up from 366,000 in fourth quarter 2006
Toggle Summary Sachin Mehra Named Treasurer of Hess Corporation
NEW YORK--(BUSINESS WIRE)--Jan. 11, 2008--Hess Corporation (NYSE: HES) has named Sachin Mehra as Vice President and Treasurer of the Corporation effective March 1, 2008. Mr. Mehra replaces Robert J. Vogel, who will retire from Hess after 18 years of service. Mr.
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jan. 8, 2008--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 30, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2007 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Corporation Announces Capital and Exploratory Budget for 2008
NEW YORK--(BUSINESS WIRE)--Dec. 21, 2007--Hess Corporation (NYSE: HES) announced today a $4.4 billion capital and exploratory expenditure budget for 2008. Approximately $4.3 billion is targeted for Exploration and Production, with $1.6 billion for production, $1.5 billion for field developments and
Toggle Summary Hess Corporation And Dunkin’ Donuts Announce Partnership To Fuel Americans On The Go
NEW YORK, Dec. 7, 2007 – Hess Corporation today announced an exclusive agreement with Dunkin' Donuts, the world's largest coffee and baked goods chain, to offer high-quality coffee, hot chocolate and donuts in a new self-service offerings in many of Hess' gas-convenience locations.
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Dec. 5, 2007--On December 5, 2007, the Board of Directors of Hess Corporation (NYSE: HES) declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on January 2, 2008 to holders of record at the close of business on
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2007
Third Quarter Highlights: -- Net Income was $395 million compared with $296 million in third quarter 2006. -- Cash flows from operations were $863 million compared with $828 million in third quarter 2006. -- Oil and gas production was 357,000 barrels per day, up from 352,000 in third quarter 2006.
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Oct. 1, 2007--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 31, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2007 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Corporation Contracts Stena DrillMAX III Drill Ship for Five-Year Term Beginning 2009
NEW YORK--(BUSINESS WIRE)--Sept. 25, 2007--Hess Corporation announced today that it has secured the Stena DrillMAX III drill ship to cover many of its deepwater drilling and completion needs beginning in the middle of 2009. The contract, for approximately $950 million, provides Hess with a
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Sept. 5, 2007--On September 5, 2007 the Board of Directors of Hess Corporation (NYSE: HES) declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on September 28, 2007 to holders of record at the close of business on
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2007
NEW YORK--(BUSINESS WIRE)--July 25, 2007--Hess Corporation (NYSE: HES) reported net income of $557 million for the second quarter of 2007 compared with net income of $566 million for the second quarter of 2006. The after-tax results by major operating activity were as follows: Three months ended
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--July 11, 2007--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 25, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2007 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Drilling Operations Temporarily Suspended at Hess Pony Prospect
NEW YORK--(BUSINESS WIRE)--June 26, 2007--Hess Corporation (NYSE: HES) today announced that drilling at its Pony #2 well, on Green Canyon Block 468 in the deepwater Gulf of Mexico, will be temporarily suspended because of drilling rig inspection requirements.
Toggle Summary Hess Corporation Names Leader of Global Exploration and New Ventures
NEW YORK--(BUSINESS WIRE)--June 21, 2007--In BW5492 issued June 21, 2007: Throughout the press release, Bill Drennan should read Bill Drennen. The corrected release reads: HESS CORPORATION NAMES LEADER OF GLOBAL EXPLORATION AND NEW VENTURES Hess Corporation today announced that Bill Drennen has
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--June 6, 2007--On June 6, 2007 the Board of Directors of Hess Corporation (NYSE: HES) declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 29, 2007 to holders of record at the close of business on June 15, 2007.
Toggle Summary Hess Reports Estimated Results for the First Quarter of 2007
NEW YORK, Apr 25, 2007 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) Hess Corporation reported net income of $370 million for the first quarter of 2007 compared with net income of $699 million for the first quarter of 2006. First quarter 2006 results included an after-tax gain of $186 million
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--March 30, 2007--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 25 at 10:00 a.m. Eastern Daylight Time to discuss its first quarter 2007 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--March 7, 2007--On March 7, 2007 the Board of Directors of Hess Corporation (NYSE: HES) declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on March 30, 2007 to holders of record at the close of business on March 16,
Toggle Summary Hess Announces Filing of 2006 Form 10-K
NEW YORK--(BUSINESS WIRE)--March 1, 2007--Hess Corporation (NYSE: HES) today filed with the Securities and Exchange Commission its Annual Report on Form 10-K, including audited financial statements, for the fiscal year ended December 31, 2006 ("Form 10-K").
Toggle Summary Hess Reports Estimated Results for the Fourth Quarter of 2006
NEW YORK, Jan 31, 2007 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) Hess Corporation reported net income of $359 million for the fourth quarter of 2006 compared with net income of $452 million for the fourth quarter of 2005. For the full year, net income was $1,916 million compared with $1,242
Toggle Summary Hess Corporation Port Reading Refinery Temporarily Shut Down
NEW YORK--(BUSINESS WIRE)--Jan. 9, 2007--Hess Corporation said a small fire in a pump occurred early Tuesday morning at its Port Reading, New Jersey refinery, which manufactures gasoline and heating oil for markets in the Northeast. The fire was quickly extinguished by plant personnel and there
Toggle Summary Hess Announces Successful Pony Deepwater Sidetrack Well
NEW YORK--(BUSINESS WIRE)--Jan. 4, 2007--Hess Corporation (NYSE:HES) announced today that it had completed sidetracking its Pony discovery in Green Canyon Block 468 in the deepwater Gulf of Mexico. The sidetrack well, drilled approximately 2,700 feet northeast of the discovery well to a depth of
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jan. 3, 2007--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 31 at 10:00 a.m. Eastern Standard Time to discuss its fourth quarter 2006 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Corporation Announces First Oil Production From Okume Complex Offshore Equatorial Guinea
NEW YORK--(BUSINESS WIRE)--Dec. 20, 2006--Hess Corporation (NYSE: HES) and its partners,Tullow Oil and GEPetrol, announced today that crude oil production has commenced from the Okume Complex off the coast of Equatorial Guinea. First oil was achieved on December 14, 2006 at the Okume "B" Platform.
Toggle Summary Hess Corporation Announces 2007 Capital and Exploratory Budget
NEW YORK--(BUSINESS WIRE)--Dec. 19, 2006--Hess Corporation (NYSE: HES) today announced a $3.6 billion capital and exploratory expenditure budget for 2007. Approximately $3.5 billion is planned for Exploration and Production and $75 million for Marketing and Refining.
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Dec. 6, 2006--On December 6, 2006 the Board of Directors of Hess Corporation (NYSE: HES) declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on January 2, 2007 to holders of record at the close of business on December
Toggle Summary Phu Horm Field Starts Production
NEW YORK--(BUSINESS WIRE)--Dec. 5, 2006--Hess Corporation (NYSE: HES) announced today that natural gas production commenced on Nov. 30 from the Phu Horm Field, located in northeast Thailand. Gross natural gas production is approximately 60 million cubic feet per day from two wells.
Toggle Summary Hess Corporation Mandatory Conversion of Preferred Stock
NEW YORK--(BUSINESS WIRE)--Dec. 1, 2006--Hess Corporation (NYSE: HES) today announced the mandatory conversion of 13,500,000 shares of its 7.00% Mandatory Convertible Preferred Stock into newly-issued shares of its common stock. Each share of the Preferred Stock has automatically been converted
Toggle Summary Hess Corporation Acquires 28 Percent Interest in Genghis Khan Oil and Gas Development in Deepwater Gulf of Mexico
NEW YORK--(BUSINESS WIRE)--Nov. 13, 2006--Hess Corporation (NYSE:HES), with partners BHP Billiton and Repsol YPF, announced today the purchase of the Genghis Khan oil and gas development in the deepwater Gulf of Mexico from Anadarko Petroleum Corporation for $1.35 billion.
Toggle Summary Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK--(BUSINESS WIRE)--Nov. 1, 2006--The Board of Directors of Hess Corporation (NYSE: HES) today declared a quarterly dividend of 87.5 cents per share payable on the Mandatory Convertible Preferred Stock of the Corporation on December 1, 2006 to holders of record at the close of business on
Toggle Summary Hess Reports Estimated Results for the Third Quarter of 2006
Click here for PDF version NEW YORK--(BUSINESS WIRE)--Oct. 25, 2006--Hess Corporation (NYSE: HES) reported net income of $297 million for the third quarter of 2006 compared with net income of $272 million for the third quarter of 2005. The third quarter 2006 results include a $105 million charge
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Oct. 2, 2006--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 25 at 10:00 a.m. Eastern Daylight Time to discuss its third quarter 2006 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Sept. 7, 2006--On September 6, 2006 the Board of Directors of Hess Corporation (NYSE: HES) declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on September 29, 2006 to holders of record at the close of business on
Toggle Summary Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK--(BUSINESS WIRE)--Aug. 2, 2006--The Board of Directors of Hess Corporation (NYSE: HES) today declared a quarterly dividend of 87.5 cents per share payable on the Mandatory Convertible Preferred Stock of the Corporation on September 1, 2006 to holders of record at the close of business on
Toggle Summary Hess Corporation to Contribute $20 Million for Educational Initiative in Equatorial Guinea
NEW YORK, Aug 01, 2006 (BUSINESS WIRE) -- Hess Corporation (NYSE:HES) has joined with the Republic of Equatorial Guinea in a $40 million program to support education in the West African country. Hess and Equatorial Guinea are each committing $20 million over the next five years.
Toggle Summary Hess Reports Estimated Results for the Second Quarter of 2006
Click here for PDF version NEW YORK--(BUSINESS WIRE)--July 26, 2006--Hess Corporation (NYSE:HES) reported net income of $565 million for the second quarter of 2006 compared with net income of $299 million for the second quarter of 2005. See the following page for a table of items affecting the
Toggle Summary Hess Confirms Pony Deepwater Discovery in Gulf of Mexico
NEW YORK--(BUSINESS WIRE)--July 13, 2006--Hess Corporation (NYSE: HES) announced today drilling results for its Pony Prospect, on Green Canyon Block 468, in the Gulf of Mexico. The well was drilled to a total depth of 32,448 feet and encountered 475 feet of oil saturated sandstones in Miocene age
Toggle Summary Hess Schedules Earnings Release Conference Call
NEW YORK, Jul 05, 2006 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 26th at 10:00 a.m. Eastern Daylight Time to discuss its second quarter 2006 earnings release. To phone into the conference call, parties in the United States
Toggle Summary Hess Contributes to Indonesian Earthquake Relief
NEW YORK--(BUSINESS WIRE)--June 26, 2006--Hess Corporation (NYSE:HES) today announced that it is contributing $1 million for disaster relief efforts in Indonesia, where devastation from an earthquake in the Yogyakarta area of central Java killed more than 5,000 people and left more than 250,000
Toggle Summary Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--June 7, 2006--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 30, 2006 to holders of record at the close of business on June 16, 2006.
Toggle Summary Atlantic and Cromarty Fields Commence Production
NEW YORK--(BUSINESS WIRE)--June 5, 2006--Hess Corporation (NYSE:HES) and BG Group today announced the commencement of gas production from their jointly developed Atlantic and Cromarty fields in the UK sector of the North Sea. "The Atlantic and Cromarty developments represent a significant addition
Toggle Summary Hess Provides Update on Pony Well in Gulf of Mexico
NEW YORK--(BUSINESS WIRE)--May 17, 2006--Hess Corporation (NYSE: HES) announced today preliminary drilling results for its Pony Prospect, on Green Canyon Block 468, in the Gulf of Mexico. The Pony well encountered approximately 300 feet of net pay based on logging-while-drilling data.
Toggle Summary Hess Corporation to Webcast Investor Presentation
NEW YORK--(BUSINESS WIRE)--May 11, 2006--Hess Corporation (NYSE: HES) will host an Investor Presentation on Friday, May 19, 2006. The presentation will begin at 8:00 a.m. EDT and is expected to conclude at approximately 12:00 p.m., and can be accessed through the Investor Relations section of the
Toggle Summary Hess Corporation Sells Onshore Gulf Coast Properties
NEW YORK--(BUSINESS WIRE)--May 8, 2006--Hess Corporation (NYSE:AHC) announced today that it has entered into a transaction with a privately held company to sell substantially all of its onshore oil and gas producing assets along the Gulf Coast of Texas, Louisiana and Mississippi.
Toggle Summary Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK, May 03, 2006 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) today declared a quarterly dividend of 87.5 cents per share payable on the 7% Mandatory Convertible Preferred Stock of the Corporation on June 1, 2006 to holders of record at the close of business on
Toggle Summary Amerada Hess Changes Name to Hess Corporation and Announces Three-for-one Stock Split; Company's Stock to Commence Trading Under Symbol ``HES'' on May 9, 2006
NEW YORK, May 03, 2006 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE:AHC) announced today that it received the necessary number of votes at today's Annual Meeting of Shareholders to approve the change of its corporate name to "Hess Corporation" and an increase in the number of authorized shares
Toggle Summary Amerada Hess Reports Estimated Results for the First Quarter of 2006
Click here for PDF version NEW YORK, Apr 26, 2006 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) reported net income of $695 million for the first quarter of 2006 compared with net income of $219 million for the first quarter of 2005. See the following page for a table of items affecting
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
NEW YORK, Apr 04, 2006 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, April 26 at 10:00 a.m. Eastern Daylight Time to discuss its first quarter 2006 earnings release. To phone into the conference call, parties in the United
Toggle Summary Amerada Hess to Request Shareholder Approval for Name Change, Increased Authorized Shares for Three-for-One Stock Split
NEW YORK--(BUSINESS WIRE)--March 10, 2006--Amerada Hess Corporation (NYSE:AHC) announced that in its preliminary proxy statement filed today with the Securities and Exchange Commission in connection with its May 3, 2006 annual stockholders meeting, it will request shareholder approval to change its
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--March 1, 2006--The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on March 31, 2006 to holders of record at the close of business on March 13,
Toggle Summary Amerada Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK, Feb 01, 2006 (BUSINESS WIRE) -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a quarterly dividend of 87.5 cents per share payable on the 7% Mandatory Convertible Preferred Stock of the Corporation on March 1, 2006 to holders of record at the close of
Toggle Summary Amerada Hess Reports Estimated Results for the Fourth Quarter of 2005
Click here for PDF version NEW YORK--(BUSINESS WIRE)--Jan. 25, 2006--Amerada Hess Corporation (NYSE: AHC) reported net income of $452 million for the fourth quarter of 2005 compared with net income of $229 million for the fourth quarter of 2004. For the full year, net income was $1,242 million
Toggle Summary Amerada Hess Announces Capital and Exploratory Budget for 2006
NEW YORK--(BUSINESS WIRE)--Jan. 11, 2006--Amerada Hess Corporation (NYSE:AHC) announced today a $4 billion capital and exploratory expenditure program for 2006, which includes $413 million for the acquisition of Egyptian assets from Apache Corporation and $366 million for the re-entry to the Waha
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Click here for PDF version NEW YORK, Jan 04, 2006 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, January 25th at 10:00 a.m. Eastern Standard Time to discuss its fourth quarter 2005 earnings release.
Toggle Summary Amerada Hess to Return to Libya; Oasis Group to Resume Operations After 19-Year Absence
NEW YORK--(BUSINESS WIRE)--Dec. 29, 2005--Amerada Hess Corporation (NYSE: AHC) announced today that, in conjunction with its Oasis Group partners ConocoPhillips and Marathon Oil, it has reached agreement with the Libyan National Oil Corporation on the terms under which it will return to its former
Toggle Summary Amerada Hess Corporation Announces Repurchase of $181 Million of Outstanding Debt
NEW YORK--(BUSINESS WIRE)--Dec. 9, 2005--Amerada Hess Corporation (NYSE: AHC) announced today that it repurchased $181 million in principal amount of its outstanding debt in connection with the offer to purchase it announced on November 8, 2005 for its 7.375% Notes due October 1, 2009.
Toggle Summary Amerada Hess Contributes to Toys for Tots
NEW YORK--(BUSINESS WIRE)--Dec. 8, 2005--Amerada Hess Corporation (NYSE: AHC) announced today that it is donating 50,000 of its 2005 Hess Toy Trucks to the U.S. Marine Corps Reserve Toys for Tots program. John Hess, Chairman and Chief Executive Officer of Amerada Hess said, "Our Company and our
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK, Dec 07, 2005 (BUSINESS WIRE) -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on January 3, 2006 to holders of record at the close of business on December 15,
Toggle Summary Amerada Hess Corporation Announces Pricing for Tender Offer
NEW YORK--(BUSINESS WIRE)--Dec. 7, 2005--Amerada Hess Corporation (NYSE: AHC) today announced the reference yield for its previously announced tender offer (the "Offer") for up to $200,000,000 of its 7.375% Notes due October 1, 2009 (the "Notes"). Tender Offer Reference Fixed Purchase Yield Spread
Toggle Summary Amerada Hess Reaches an Agreement with Attorney General Of N.J.
NEW YORK--(BUSINESS WIRE)--Nov. 22, 2005--Amerada Hess Corporation (AHC:NYSE) announced today that it reached an agreement with the Attorney General of the State of New Jersey to resolve alleged violations of a 1938 provision of the Motor Fuels Act which prohibits motor fuel retailers from changing
Toggle Summary Amerada Hess Corporation Changes Debt Tender Terms
NEW YORK--(BUSINESS WIRE)--Nov. 21, 2005--Amerada Hess Corporation (NYSE: AHC) today announced that it has changed the price it will pay for its 7.375% Notes due October 1, 2009 (the "Notes") that are properly tendered in response to Amerada Hess' previously announced tender offer (the "Offer") and
Toggle Summary Amerada Hess Announces Partial Tender Offer
NEW YORK--(BUSINESS WIRE)--Nov. 8, 2005--Amerada Hess Corporation (NYSE:AHC) today commenced a partial tender offer (the "Offer") for up to $150,000,000 of the $284,390,000 currently outstanding aggregate principal amount of its 7.375% Notes due 2009 (CUSIP No. 023551AE4) (the "Securities").
Toggle Summary Amerada Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK--(BUSINESS WIRE)--Nov. 2, 2005--The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a quarterly dividend of 87.5 cents per share payable on the 7% Mandatory Convertible Preferred Stock of the Corporation on December 1, 2005 to holders of record at the close of
Toggle Summary Amerada Hess Reports Estimated Results for the Third Quarter of 2005
NEW YORK, Oct 26, 2005 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) reported net income of $272 million for the third quarter of 2005 compared with income of $178 million for the third quarter of 2004. See the following page for a table of items affecting the comparability of earnings
Toggle Summary Amerada Hess Acquires Egyptian Assets
NEW YORK--(BUSINESS WIRE)--Oct. 13, 2005--Amerada Hess Corporation (NYSE:AHC) announced today that it has reached an agreement with Apache Corporation to acquire its 55% working interest in the deepwater section of the West Mediterranean Block 1 Concession, in The Arab Republic of Egypt, for $413
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
NEW YORK, Sep 30, 2005 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, October 26th at 10:00 a.m. Eastern Daylight Time to discuss its third quarter 2005 earnings release. To phone into the conference call, parties in the
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Sept. 7, 2005--The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on September 30, 2005 to holders of record at the close of business on September
Toggle Summary Amerada Hess Contributes to Hurricane Relief Effort
NEW YORK--(BUSINESS WIRE)--Aug. 30, 2005--Amerada Hess Corporation (NYSE: AHC) announced today that it is contributing $1 million to the American Red Cross to assist the disaster relief efforts resulting from Hurricane Katrina. In addition, the Company will match individual employee donations to
Toggle Summary Amerada Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK, Aug 03, 2005 (BUSINESS WIRE) -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a quarterly dividend of $0.875 per share payable on the 7.00% Mandatory Convertible Preferred Stock of the Corporation on September 1, 2005 to holders of record at the close of
Toggle Summary Amerada Hess Reports Estimated Results for the Second Quarter of 2005
NEW YORK, Jul 27, 2005 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) reported net income of $299 million for the second quarter of 2005 compared with income of $288 million for the second quarter of 2004. See the following page for a table of items affecting the comparability of earnings
Toggle Summary Agreement Signed for Sale of Gas from Phu Horm
NEW YORK, Jul 19, 2005 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC), announced that an agreement has been signed for the sale of gas from the Phu Horm Field, located onshore in Northeast Thailand. Amerada Hess is the operator and currently holds a 35% interest in the Phu Horm concessions
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--June 27, 2005--Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, July 27th at 10:00 a.m. Eastern Daylight Time to discuss its second quarter 2005 earnings release. To phone into the conference call, parties in the
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--June 1, 2005--The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on June 30, 2005 to holders of record at the close of business on June 16, 2005.
Toggle Summary Amerada Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK, May 04, 2005 (BUSINESS WIRE) -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a quarterly dividend of $0.875 per share payable on the 7.00% Mandatory Convertible Preferred Stock of the Corporation on June 1, 2005 to holders of record at the close of
Toggle Summary Amerada Hess Reports Estimated Results for the First Quarter of 2005
NEW YORK--(BUSINESS WIRE)--April 27, 2005--Amerada Hess Corporation (NYSE: AHC) reported net income of $219 million for the first quarter of 2005 compared with income of $281 million for the first quarter of 2004. See the following page for a table of items affecting the comparability of earnings
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
NEW YORK, April 4 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, April 27th at 10:00 a.m. Eastern Daylight Time to discuss its first quarter 2005 earnings release. To phone into the conference call, parties in the
Toggle Summary Amerada Hess Announces Unsuccessful Results at Wembley
NEW YORK, April 4, 2005 /PRNewswire-FirstCall via COMTEX/ -- Amerada Hess Corporation (NYSE: AHC) announced that its Wembley #1 well, located in Mississippi Canyon Block 722, reached a total measured depth of 29,212 feet and failed to encounter commercial quantities of hydrocarbons.
Toggle Summary Amerada Hess Announces Venture in the Russian Federation
NEW YORK--(BUSINESS WIRE)--March 23, 2005--Amerada Hess Corporation (NYSE: AHC) announced today that it has acquired a 65% interest in Trabant Holdings International, a company which owns 100% of ZAO Samara-Nafta, an exploration and production company located in the Volga-Urals region of the
Toggle Summary Amerada Hess Announces Commencement of Natural Gas Sales from Block A-18 of the Malaysian-Thailand Joint Development Area -JDA-
NEW YORK, Mar 17, 2005 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced that initial natural gas sales from Block A-18 of the Malaysia-Thailand Joint Development Area (JDA) have commenced. Gross production is currently averaging approximately 110 million cubic feet per day (mmcf/d)
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--March 2, 2005--The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on March 31, 2005 to holders of record at the close of business on March 14,
Toggle Summary Amerada Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK, Feb 2, 2005 (BUSINESS WIRE) -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a quarterly dividend of $0.875 per share payable on the 7.00% Mandatory Convertible Preferred Stock of the Corporation on March 1, 2005 to holders of record at the close of
Toggle Summary Amerada Hess Reports Estimated Results for the Fourth Quarter of 2004
NEW YORK--(BUSINESS WIRE)--Jan. 26, 2005--Amerada Hess Corporation (NYSE: AHC) reported net income of $229 million for the fourth quarter of 2004 compared with income of $68 million for the fourth quarter of 2003. For the full year, net income was $977 million compared with income of $643 million
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jan. 10, 2005--Amerada Hess Corporation (NYSE:AHC) announced today that it will hold a conference call on Wednesday, January 26 at 10:00 a.m. Eastern Standard Time to discuss its fourth quarter 2004 earnings release. To phone into the conference call, parties in the
Toggle Summary Amerada Hess Contributes to Disaster Relief Efforts
NEW YORK--(BUSINESS WIRE)--Jan. 6, 2005--Amerada Hess Corporation (NYSE: AHC) announced today that it is contributing $2 million to assist the disaster relief efforts in Asia resulting from the devastating earthquake and tsunami. Of the $2 million, $1 million is being contributed to Save the
Toggle Summary Amerada Hess Secures Future Natural Gas Sales from Block A-18 of the Malaysian-Thailand Joint Development Area -JDA-
NEW YORK--(BUSINESS WIRE)--Dec. 23, 2004--Amerada Hess Corporation (NYSE: AHC) announced that an agreement has been reached to secure future natural gas sales from Block A-18 of the Malaysia-Thailand Joint Development Area (JDA). The agreement also provides for the acceleration of natural gas sales
Toggle Summary Belud South Well Offshore Malaysia Discovers Hydrocarbons
NEW YORK, Dec 23, 2004 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced that the Belud South exploration well drilled on Block SB302 offshore Sabah, Malaysia has made a new oil and gas discovery. The Belud South-1 well was drilled to a total depth of 8,773 feet in 508 feet of water
Toggle Summary Amerada Hess: Agreement Signed for Sale of Pangkah Gas
NEW YORK, Dec 13, 2004 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced that an agreement has been finalized for the sale of gas from the Ujung Pangkah Field, located in the East Java area of Indonesia. Amerada Hess currently holds a 66% interest in the Pangkah PSC along with
Toggle Summary Amerada Hess Announces E&P Management Changes
NEW YORK, Dec 3, 2004 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced today a series of changes in its Exploration & Production (E&P) senior management team. Effective January 1, 2005 a Global New Business Development (NBD) organization will be formed within E&P.
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Dec. 1, 2004--The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on January 3, 2005 to holders of record at the close of business on December 15,
Toggle Summary Amerada Hess Announces Oil Discovery Offshore Equatorial Guinea
NEW YORK--(BUSINESS WIRE)--Nov. 29, 2004--Amerada Hess Corporation (NYSE: AHC) announced today that the G-19 exploration well drilled offshore Equatorial Guinea on Block G in the Rio Muni Basin has made a new oil discovery. The G-19 well was drilled to a total depth of 7,483 feet in 1,263 feet of
Toggle Summary Amerada Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK--(BUSINESS WIRE)--Nov. 3, 2004--The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a quarterly dividend of $0.875 per share payable on the 7.00% Mandatory Convertible Preferred Stock of the Corporation on December 1, 2004 to holders of record at the close of
Toggle Summary HESS, Chase Offer New Credit Card with High Octane Rewards
NEW YORK & WILMINGTON, Del.--(BUSINESS WIRE)--Oct. 28, 2004-- Cardmembers Earn 10 Percent on All HESS Purchases for First 90 Days, 5 Percent Thereafter; Reward Dollars Automatically Credited Towards Future HESS Purchases Relief from high gasoline prices is on the way!
Toggle Summary Amerada Hess Reports Results for the Third Quarter of 2004
NEW YORK--(BUSINESS WIRE)--Oct. 27, 2004--Amerada Hess Corporation (NYSE:AHC) reported net income of $178 million for the third quarter of 2004 compared with income of $146 million for the third quarter of 2003. The after-tax results by major operating activity in 2004 and 2003 are as follows:
Toggle Summary Brian J. Bohling Named Senior Vice President, Human Resources
NEW YORK, Oct. 4 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC) announced today that Brian J. Bohling has joined the Company as Senior Vice President, Human Resources. Mr. Bohling succeeds Neal Gelfand, who is retiring from Amerada Hess after 25 years of distinguished service. Mr.
Toggle Summary Robert J. Vogel to Succeed Gerald A. Jamin as Treasurer of Amerada Hess Corporation
NEW YORK--(BUSINESS WIRE)--Sept. 21, 2004--Amerada Hess Corporation (NYSE: AHC) announced today that Robert J. Vogel has been named Vice President and Treasurer of the Corporation, effective October 1, 2004. Mr. Vogel replaces Gerald A. Jamin, who will retire from Amerada Hess after 35 years of
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
NEW YORK, Sep 21, 2004 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE:AHC) announced today that it will hold a conference call on Wednesday, October 27 at 10:00 a.m. Eastern Daylight Time to discuss its third quarter 2004 earnings release. To phone into the conference call, parties in the United
Toggle Summary Amerada Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK, Aug 4, 2004 (BUSINESS WIRE) -- The Board of Directors of Amerada Hess Corporation (NYSE:AHC) today declared a quarterly dividend of $0.875 cents per share payable on the 7.00% Mandatory Convertible Preferred Stock of the Corporation on September 1, 2004 to holders of record at the close
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Aug. 4, 2004--The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on September 30, 2004 to holders of record at the close of business on September
Toggle Summary Amerada Hess Announces Government Approval of Northern Block G Development in Equatorial Guinea
NEW YORK--(BUSINESS WIRE)--Aug. 2, 2004--Amerada Hess Corporation (NYSE: AHC) announced that its Plan of Development for the Northern Block G area (AHC 85%, operator) has been approved by the government of Equatorial Guinea. The integrated development plan for the Okume, Oveng, Ebano and Elon
Toggle Summary Amerada Hess Reports Results for the Second Quarter of 2004
NEW YORK--(BUSINESS WIRE)--July 28, 2004--Amerada Hess Corporation (NYSE:AHC) reported net income of $288 million for the second quarter of 2004 compared with income of $252 million for the second quarter of 2003. Net income in the second quarter of 2004 and 2003 includes income of $7 million and
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
NEW YORK, Jun 29, 2004 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, July 28 at 10:00 a.m. Eastern Daylight Time to discuss its second quarter 2004 earnings release. To phone into the conference call, parties in the United
Toggle Summary Amerada Hess Announces Creation of Hess LNG
NEW YORK--(BUSINESS WIRE)--June 4, 2004--Amerada Hess Corporation (NYSE: AHC) announced the formation of a joint venture with an affiliate of Poten & Partners, to be known as Hess LNG. The joint venture will be based at Amerada Hess' New York headquarters and will pursue investments in liquefied
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK, June 2 /PRNewswire-FirstCall/ -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on June 30, 2004 to holders of record at the close of business on June 16, 2004.
Toggle Summary Amerada Hess Announces First Production from the Llano Field
NEW YORK, May 17, 2004 (BUSINESS WIRE) -- Amerada Hess Corporation (NYSE: AHC) announced that initial production from the Llano Field (Garden Banks Blocks 385 and 386) occurred on April 30, 2004. The field is currently producing at a gross rate of approximately 10,500 barrels of oil and 26 million
Toggle Summary Amerada Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK, May 5, 2004 /PRNewswire-FirstCall via COMTEX/ -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a quarterly dividend of $0.875 cents per share payable on the 7.00% Mandatory Convertible Preferred Stock of the Corporation on June 1, 2004 to holders of record
Toggle Summary Amerada Hess Reports Results for the First Quarter of 2004
NEW YORK, Apr 28, 2004 /PRNewswire-FirstCall via COMTEX/ -- Amerada Hess Corporation (NYSE: AHC) reported net income of $281 million for the first quarter of 2004 compared with income of $176 million for the first quarter of 2003. First quarter 2004 income includes a net gain of $19 million from
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--April 7, 2004--Amerada Hess Corporation (NYSE:AHC) announced today that it will hold a conference call on Wednesday, April 28 at 10:00 a.m. Eastern Daylight Time to discuss its first quarter 2004 earnings release. To phone into the conference call, parties in the United
Toggle Summary Amerada Hess Announces Management Changes
NEW YORK, April 1 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC) announced today that John P. Rielly, 41, has been named Senior Vice President and Chief Financial Officer, effective April 1, 2004. Mr. Rielly replaces John Y. Schreyer, 65, who will retire from Amerada Hess
Toggle Summary Amerada Hess Corporation Announces Successful Acquisitions at Sale 190 in the Gulf of Mexico
NEW YORK, March 17 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC) announced today that it was the high bidder on 17 deepwater leases covering 85,000 acres in Central Gulf of Mexico Lease Sale 190 held today in New Orleans, Louisiana. The company's net exposure for its high bids is
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK, March 3 /PRNewswire-FirstCall/ -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on March 31, 2004 to holders of record at the close of business on March 15,
Toggle Summary Amerada Hess Announces Quarterly Dividend on Preferred Stock
NEW YORK, Feb. 4 /PRNewswire-FirstCall/ -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a quarterly dividend of $0.9333 cents per share payable on the 7.00% Mandatory Convertible Preferred Stock of the Corporation on March 1, 2004 to holders of record at the close
Toggle Summary Amerada Hess Reports Results for the Fourth Quarter of 2003
NEW YORK, Jan. 28 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC) reported net income of $68 million for the fourth quarter of 2003 compared with a net loss of $371 million for the fourth quarter of 2002. Results for the fourth quarter of 2002 included an after-tax impairment charge
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
NEW YORK, Jan. 8 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC - ) announced today that it will hold a conference call on Wednesday, January 28 at 12:00 p.m. Eastern Standard Time to discuss its fourth quarter 2003 earnings release. To phone into the conference call, parties in the
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK, Dec. 3 /PRNewswire-FirstCall/ -- The Board of Directors of Amerada Hess Corporation (NYSE: AHC - ) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on January 5, 2004 to holders of record at the close of business on December
Toggle Summary Amerada Hess Corporation Announces Repurchase of $443 Million Of Outstanding Debt
NEW YORK, Dec. 3 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC - ) announced today the repurchase of $443 million in principal amount of its outstanding debt. This amount includes $145 million in principal amount of three series of its outstanding notes repurchased on December 2,
Toggle Summary Amerada Hess Corporation Announces Pricing For Tender Offer
NEW YORK, Nov. 26 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC - ) today announced the reference yield for its previously announced tender offer for its 5.90% Notes due August 15, 2006. Tender Offer Reference Yield Fixed Spread Purchase Price per $1,000 principal amount of Notes
Toggle Summary Amerada Hess Corporation Announces Pricing for Tender Offer
Amerada Hess Corporation (NYSE: AHC) today announced the reference yield for certain of its previously announced tender offers. Tender Offer Reference Yield Fixed Spread Purchase Price per $1,000 principal amount of Notes 5.30% Notes due August 15, 2004 (CUSIP 023551AK0) 1.159% 0.25% $1,027.09
Toggle Summary Amerada Hess Corporation Announces Pricing of $600 Million Public Offering of Mandatory Convertible Preferred Stock
NEW YORK, Nov. 20 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC - ) today announced that it has priced a $600 million offering of its Mandatory Convertible Preferred Stock (12 million shares with a liquidation preference of $50 per share).
Toggle Summary Shenzi-2 Appraisal Well In Gulf Of Mexico Encounters 500 Feet of Net Oil Pay
Amerada Hess Corporation (NYSE: AHC) today announced the Shenzi-2 appraisal well (AHC 28%) on Green Canyon Block 653 encountered 500 feet of net oil pay in a 1,250 foot gross hydrocarbon column of lower Miocene reservoir sandstones. The well is located in water depths of 4,238 feet and was drilled
Toggle Summary Amerada Hess Corporation Announces Tender Offers for Up to $594 Million of Its Outstanding Debt
NEW YORK, Nov. 17 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC - ) announced today that it intends to offer to purchase for cash up to an aggregate $593,657,000 in principal amount of its outstanding debt. The offer is for any and all of its outstanding 5.30% Notes due August 15,
Toggle Summary Amerada Hess Corporation Announces Proposed $500 Million Public Offering of Mandatory Convertible Preferred Stock
NEW YORK, Nov. 17 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC - ) today announced that it intends to publicly offer $500 million of Mandatory Convertible Preferred Stock (10.0 million shares with liquidation preference $50 per share).
Toggle Summary Amerada Hess Reports Results for the Third Quarter of 2003
NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC - ) reported net income of $146 million for the third quarter of 2003 compared with a net loss of $136 million for the third quarter of 2002. Results for the third quarter of 2002 included an after-tax impairment charge
Toggle Summary Amerada Hess Announces New Discovery in Deepwater Gulf of Mexico
NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- Amerada Hess Corporation (NYSE: AHC - ) today announced a new deepwater oil discovery at the Tubular Bells Prospect located in Mississippi Canyon Block 725. The block is located 135 miles Southeast of New Orleans.
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, October 29 at 12:00 p.m. Eastern Standard Time to discuss its third quarter 2003 earnings release. To phone into the conference call, parties in the United States should dial 1-800-406-5356 any
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend On Common Stock
New York, New York. . . . . September 3, 2003. . . . . .The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on September 30, 2003 to holders of record at the close of business
Toggle Summary Robert P. Strode Has Been Named Senior Vice President-Global Exploration and New Ventures
New York, New York. . . . . August 13, 2003. . . . . .Amerada Hess Corporation (NYSE:AHC) announced today that Robert P. Strode has been named Senior Vice President-Global Exploration and New Ventures. Mr. Strode replaces Brian F. Maxted, who has resigned for personal reasons. Mr.
Toggle Summary Amerada Hess Reports Results For The Second Quarter of 2003
New York, New York.…July 29, 2003...Amerada Hess Corporation (NYSE: AHC) reported net income of $252 million, including gains on asset sales, for the second quarter of 2003 compared with income of $149 million for the second quarter of 2002. Net income was $428 million in the first half of 2003
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
New York, New York . . . . . July 8, 2003 . . . . .Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Tuesday, July 29 at 1:00 p.m. Eastern Daylight Time to discuss its second quarter 2003 earnings release. To phone into the conference call, parties in the
Toggle Summary Jay Wilson Joins Amerada Hess
Amerada Hess Corporation (NYSE: AHC) announced today that Jay R. Wilson has joined the Company as Vice President-Investor Relations. Mr. Wilson will assume full responsibility for this function and all other external corporate communications following a transition period.
Toggle Summary Chinook Well In Deepwater Gulf Of Mexico Discovers Hydrocarbons
An exploration well on the Chinook prospect (AHC 15%) in the deepwater Gulf of Mexico has discovered hydrocarbons. Drilled in approximately 8,830 feet of water, the well exceeded a total of 27,650 feet and encountered a gross hydrocarbon column of 620 feet, with 260 feet of net oil pay.
Toggle Summary Amerada Hess Completes Sale Of Gulf Of Mexico Shelf Properties - Announces Agreement To Exchange Oil And Gas Properties
Amerada Hess Corporation (NYSE: AHC) today announced several initiatives to reshape its portfolio of producing assets, reduce costs and improve financial returns. First, the Corporation has sold mature Gulf of Mexico Shelf properties to Anadarko Corporation for $260 million before exercise of
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on June 30, 2003 to holders of record at the close of business on June 16, 2003.
Toggle Summary Amerada Hess Announces Natural Gas Well Onshore Thailand
Amerada Hess (Thailand) Limited, a wholly owned subsidiary of Amerada Hess Corporation (NYSE: AHC), confirmed today that the Phu Horm-3 appraisal well on Block E5N in northeastern Thailand had encountered natural gas. An extended well test has begun. Following test results, further appraisal
Toggle Summary Amerada Hess Reports Results For The First Quarter of 2003
New York, New York....April 29, 2003...Amerada Hess Corporation (NYSE: AHC) reported net income of $176 million for the first quarter of 2003 compared with income of $141 million for the first quarter of 2002. The after-tax results by major operating activity in 2003 and 2002 were as follows (in
Toggle Summary Development plans for the Llano Field
Amerada Hess Corporation (NYSE: AHC) Development plans have been approved for the Llano Field in which Amerada Hess has a 27.50% interest. The field is located about 200 miles southeast of New Orleans in Garden Banks Blocks 385 and 386. Llano's initial phase of development will consist of an
Toggle Summary Amerada Hess Announces Sale of Interest in Jabung PSC
Amerada Hess Corporation (NYSE: AHC) announced today that it completed the sale of its 30% interest in the Jabung PSC to a consortium comprising PetroChina International (Jabung) Limited and Petronas Carigali (Jabung) Limited for a total cash consideration of $164 million, including working
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Tuesday, April 29 at 11:00 a.m. Eastern Daylight Time to discuss its first quarter 2003 earnings release. To phone into the conference call, parties in the United States should dial 1- 800-967-7185 any time
Toggle Summary Amerada Hess Enters Into A New Exploration Permit Offshore Brunei Darussalam
Amerada Hess (NYSE: AHC) has signed a Production Sharing Agreement with the Brunei National Petroleum Company for Block J in the deep offshore waters of Brunei Darussalam. Amerada Hess has a 15% interest in a joint venture with Total Fina Elf which has a 60% interest and is the operator and
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on March 31, 2003 to holders of record at the close of business on March 17, 2003.
Toggle Summary Amerada Hess Announces Successful Results Of G-13-2 Appraisal Well
Amerada Hess Corporation (NYSE: AHC) announced today that the G-13-2 well drilled in Block G, offshore Equatorial Guinea in the Rio Muni Basin, has confirmed the G-13 discovery made in November 2002. The G-13-2 well encountered 397 feet of net oil pay.
Toggle Summary Amerada Hess Reports Results for the Fourth Quarter 2002
New York, New York....January 30, 2003....Amerada Hess Corporation (NYSE:AHC) reported a net loss, including special items, of $371 million for the fourth quarter of 2002 compared with income of $54 million for the fourth quarter of 2001. For the full year, the net loss was $218 million compared
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Thursday, January 30 at 10:00 a.m. Eastern Standard Time to discuss its fourth quarter 2002 earnings release. To phone into the conference call, parties in the United States should dial 1-877-502-9276 any
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on January 3, 2003 to holders of record at the close of business on December 16, 2002.
Toggle Summary Amerada Hess Announces Oil Discovery Offshore Equatorial Guinea
Amerada Hess Corporation (NYSE: AHC), announced today that the G-13 wildcat well drilled in Block G, offshore Equatorial Guinea in the Rio Muni Basin, has made a new oil discovery. The well drilled in the southern part of the block, 10 miles south of Ceiba Field, encountered 251 feet of net oil pay
Toggle Summary Shenzi-1 Well In Deepwater Gulf Of Mexico Discovers Hydrocarbons
An exploration well on the Shenzi prospect (AHC 28%) in the deepwater Gulf of Mexico has discovered hydrocarbons. The well has reached a measured depth of 26,607 feet and has encountered a gross hydrocarbon column of 465 feet with 140 feet of net pay. The water depth is 4,400 feet.
Toggle Summary Amerada Hess Reports Results For The Third Quarter 2002
New York, New York....October 24, 2002....Amerada Hess Corporation (NYSE:AHC) reported operating earnings, excluding special items, of $121 million ($1.36 per share) for the third quarter of 2002 compared with earnings of $167 million ($1.86 per share) for the third quarter of 2001.
Toggle Summary Amerada Hess Announces Drilling Results In The Faroe-Shetland Trough
Amerada Hess Corporation (NYSE: AHC), on behalf of the partners in UK continental shelf license P1029, announced today that well 204/16-1 spudded by the West Navion drillship on September 1, 2002 in the Faroe-Shetland Trough in the North Atlantic was plugged and abandoned on October 17, 2002 after
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Thursday, October 24 at 12:00 p.m. Eastern Daylight Time to discuss its third quarter 2002 earnings release. To phone into the conference call, parties in the United States should dial 1-800-967-7140 any
Toggle Summary U.S. Flag Tanker Operations of Amerada Hess Sold To United States Shipping
United States Shipping LLC ("US Shipping") announced today that it has completed the acquisition of the U.S. flag tanker operations of Amerada Hess Corporation (NYSE: AHC). The acquisition includes six sister vessels, their management and employees, and ancillary assets.
Toggle Summary Amerada Hess Corporation Announces The Exchange Of Its 25% Shareholding In Premier Plc For Assets
Amarada Hess Corporation [NYSE:AHC] announced today that it has entered into an agreement with Premier Oil PLC [LSE:PMO] to exchange its 25% shareholding interest in Premier for a portion of Premier's interest in a producing field in Indonesia. The proposed transaction will involve the transfer by
Toggle Summary Amerada Hess Announces Successful Elon Appraisal Well
Amerada Hess Corporation (NYSE: AHC) announced today that an appraisal well drilled in the eastern portion of the Elon Field had encountered 316 feet of net oil pay in a single, continuous column. The well was drilled in 165 feet of water on Block G offshore Equatorial Guinea in the Rio Muni Basin.
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on September 30, 2002 to holders of record at the close of business on September 16, 2002.
Toggle Summary Amerada Hess Announces Drilling Results And Plans In Equatorial Guinea
Amerada Hess Corporation (NYSE: AHC) announced today that the F-4 well drilled offshore Equatorial Guinea in the Rio Muni Basin had been plugged and abandoned as a dry hole. The Company said that reservoir sands were present but proved to be water bearing.
Toggle Summary Amerada Hess Reports Results For The Second Quarter 2002
New York, New York....July 24, 2002....Amerada Hess Corporation (NYSE:AHC) reported operating earnings, excluding special items, of $171 million for the second quarter of 2002 compared with earnings of $357 million for the second quarter of 2001. In the first half of 2002, operating earnings were
Toggle Summary Amerada Hess Announces First Oil From The Halley Field in the North Sea
Amerada Hess Corporation (NYSE: AHC) announced that production from the Halley Field, in which Amerada Hess has a 40% interest, began on Tuesday, July 2, 2002. Halley is located in Block 30/12b in the Central North Sea. The Field well is producing at an initial rate of 15,000 barrels of oil per
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, July 24 at 1:00 p.m. Eastern Daylight Time to discuss its second quarter 2002 earnings release. To phone into the conference call, parties in the United States should dial 1-800-810-0924 any time
Toggle Summary Amerada Hess Announces Abang Oil Discovery Offshore Equatorial Guinea
Amerada Hess Corporation (NYSE: AHC) announced today that the G-10 exploration well drilled offshore Equatorial Guinea on Block G in the Rio Muni Basin has made a significant new oil discovery named Abang. The G-10 well encountered 170 feet of net pay, 157 feet of oil and 13 feet of gas, and was
Toggle Summary Amerada Hess To Acquire Additional Interests Offshore West Africa
Amerada Hess Corporation (NYSE: AHC) has reached agreement to obtain interests in the Gambia PPL Block, the Croix du Sud (AGC) in the jointly administered area between Senegal and Guinea Bissau and the Ntem Block in Cameroon. The Corporation's interests are expected to be 80% in the PPL and Ntem
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on June 28, 2002 to holders of record at the close of business on June 17, 2002.
Toggle Summary Amerada Hess Announces Extension of the Elon Field Offshore Equatorial Guinea
Amerada Hess Corporation (NYSE: AHC) announced today that the G-9 well drilled offshore Equatorial Guinea on Block G in the Rio Muni Basin has proved a significant extension of the Elon Field discovered by the G-8 well. The G-9 well encountered 291 feet of net oil pay and was drilled to a total
Toggle Summary Webcast Alert: Amerada Hess Corporation Announces Its Analyst Meeting Webcast and Conference Call, Live and Archived
In conjunction with Amerada Hess Corporation's (NYSE: AHC) Investor Meeting, you are invited to listen to its conference call that will be broadcast live over the Internet on May 16, 2002 at 9:00 AM Eastern. What: Investor Meeting When: May 16, 2002 at 9:00 AM Eastern Where: www.hess.com OR
Toggle Summary Amerada Hess Makes Deepwater Gulf of Mexico Discovery
Amerada Hess Corporation (NYSE: AHC) today announced that it has made an oil discovery on its Devils Island prospect located on Garden Banks Block 344 in the Gulf of Mexico. The discovery, made by the GB 344 No. 4 well, encountered more than 100 feet of net oil pay in a single, high quality
Toggle Summary Amerada Hess Reports Results For The First Quarter of 2002
New York, New York....April 24, 2002...Amerada Hess Corporation (NYSE: AHC) reported net income, including gains on asset sales, of $141 million for the first quarter of 2002 compared with income of $337 million for the first quarter of 2001. Excluding asset sales, operating earnings amounted to
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, April 24 at 1:00 p.m. Eastern Daylight Time to discuss its first quarter 2002 earnings release. To phone into the conference call, parties in the United States should dial 1-800-289-0437 any time
Toggle Summary Amerada Hess Announces Elon Oil Discovery Offshore Equatorial Guinea
Amerada Hess Corporation (NYSE: AHC) reports that it has made an oil discovery offshore Equatorial Guinea on Block G in the Rio Muni Basin. The discovery, named Elon, was made by the G-8 well and encountered 157 feet of net oil pay. The well was drilled to a total depth of 5,977 feet in
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on March 29, 2002 to holders of record at the close of business on March 18, 2002.
Toggle Summary Amerada Hess Announces Akom Oil Discovery Offshore Equatorial Guinea
Amerada Hess Corporation (NYSE: AHC) today reported that it has made another oil discovery offshore Equatorial Guinea on Block G in the Rio Muni Basin. The discovery, named Akom, was made by the G-7 well and encountered 162 feet of net oil pay. The well was drilled to a total depth of 8,140 feet in
Toggle Summary Amerada Hess Announces First Oil Production From New FPSO Sendje Ceiba, Ceiba Field Production Resumes
Amerada Hess Corporation (NYSE: AHC) announced today that the Ceiba Field offshore Equatorial Guinea resumed oil production in late January and is now flowing at rates in excess of 50,000 barrels of oil per day using the new FPSO Sendje Ceiba. Outfitted with expanded production facilities and water
Toggle Summary Amerada Hess Announces the Ebano Oil Discovery Offshore Equatorial Guinea
Amerada Hess Corporation (NYSE: AHC) reports that it has made another significant oil discovery offshore Equatorial Guinea in the Rio Muni Basin. The discovery, named Ebano, was made by the F-2 well, which was drilled to a total depth of 11,011 feet in approximately 2,052 feet of water in Block F.
Toggle Summary Amerada Hess Reports Results For The Fourth Quarter 2001
New York, New York....January 23, 2002...Amerada Hess Corporation (NYSE: AHC) reported operating earnings, excluding special items, of $85 million for the fourth quarter of 2001 compared with earnings of $304 million for the fourth quarter of 2000. For the full year, operating earnings were $945
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, January 23 at 12:00 noon Eastern Standard Time to discuss its fourth quarter 2001 earnings release. To phone into the conference call, parties in the United States should dial 1-800-946-0782 any
Toggle Summary Amerada Hess Confirms Oveng Discovery Offshore Equatorial Guinea With Oveng-2 Appraisal Well
Amerada Hess Corporation (NYSE: AHC) has successfully completed the initial appraisal of its Oveng oil prospect, confirming a significant discovery offshore Equatorial Guinea in Block G. The Oveng-2 well encountered 344 feet of net pay, including 199 feet of net oil pay and 145 feet of net gas pay.
Toggle Summary Amerada Hess Presents Operating And Financial Update At Investor Meeting
Presentation material available on its website and presentation may be listened to by Conference Call Amerada Hess Corporation (NYSE: AHC) announced today that it is presenting an update on recent operations and financial matters in a meeting with investors in Boston being held later today,
Toggle Summary Successful well in Garden Banks 244
Amerada Hess Corporation (NYSE: AHC) participated in a successful appraisal well drilled by Kerr McGee, as operator, in Garden Banks Block 244, south of the Amerada Hess operated Northwestern Field. Interests in Garden Banks Block 244 are: Amerada Hess Corporation (NYSE: AHC)   27 percent Kerr
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend on Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on January 3, 2002 to holders of record at the close of business on December 17, 2001.
Toggle Summary Amerada Hess Confirms Okume Discovery Offshore Equatorial Guinea With Okume-2 And Okume-3 Appraisal Wells
Amerada Hess Corporation (NYSE: AHC) has successfully completed the initial appraisal of its Okume oil prospect, confirming a significant discovery offshore Equatorial Guinea. Two wells, Okume-2 and Okume-3, have been drilled and sidetracked. The wells encountered 153 feet and 137 feet of net pay,
Toggle Summary Successful well in Llano Field
Amerada Hess Corporation (NYSE: AHC) has participated in a successful appraisal well drilled by Enterprise Oil Gulf of Mexico on the Llano Field which is located 125 miles offshore Louisiana in approximately 2,600 feet of water. The appraisal well, the Garden Banks 385 No.
Toggle Summary Gas and Condensate Discovery in Indonesia
Amerada Hess Corporation (NYSE: AHC) has participated in the successful testing of the Sungai Kenawang-1 well in the Jambi Merang block in Sumatra, Indonesia. The operator, YPF Indonesia, announced that initial tests had produced 380,000 cubic meters of natural gas per day and 375 barrels of 52 API
Toggle Summary Faroes find for Amerada Hess
Amerada Hess (NYSE: AHC), as operator of Licence 001 in the Faroe Islands, today announced that well 6004/16-1 has discovered both oil and gas - the first discovery in the Faroes offshore. Light oil and gas were discovered over a gross interval of approximately 170m.
Toggle Summary Amerada Hess Announces the Upgrading and Renaming of Vessel to Accommodate Increased Ceiba Field Production
Amerada Hess Corporation (NYSE: AHC) and Bergesen DY Offshore AS of Oslo, Norway, today announced that the floating production, storage and offloading vessel (FPSO) that will be the cornerstone of the continued development of the Ceiba Field has been upgraded and renamed.
Toggle Summary Juno Development Gets the Go-Ahead
The partner companies in JUNO - Phase 2 of the Easington Catchment Area (ECA) development - have welcomed the Department of Trade and Industry's approval of the Field Development Plan, allowing the £270 million investment to proceed. The JUNO development is managed by a joint team drawn from the
Toggle Summary Amerada Hess Reports Third Quarter Results.
New York, New York....October 23, 2001....Amerada Hess Corporation (NYSE:AHC) reported net income of $167 million for the third quarter of 2001 compared with income of $257 million for the third quarter of 2000. Net income in the first nine months of 2001 was $860 million compared with $683 million
Toggle Summary John J. O'Connor Named Head of Amerada Hess Exploration and Production Operations
Amerada Hess Corporation (NYSE: AHC) announced today that John J. O'Connor had been named President, Worldwide Exploration and Production of Amerada Hess. Mr. O'Connor also will be an Executive Vice President of Amerada Hess and a member of the Board of Directors. Prior to joining Amerada Hess, Mr.
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Tuesday, October 23 at 11:00 a.m. Eastern Daylight Time to discuss its third quarter 2001 earnings release. To phone into the conference call, parties in the United States should dial 1-800-810-0924 any time
Toggle Summary Amerada Hess agrees to buy Premier's stake in Pangkah
Amerada Hess has agreed to purchase Premier Oil's 40% interest in the Ujung Pangkah field and related Production Sharing Contract (PSC) in East Java, Indonesia. It is expected that subject to agreement by block partners, Amerada Hess, which currently has a 36% interest in Pangkah, will assume
Toggle Summary New block boosts Amerada Hess activities in South East Asia
Amerada Hess (NYSE: AHC) has been notified of its successful bid for the Tanjung Aru block, offshore East Kalimantan, Indonesia. The award of the block, which is subject to Presidential approval and execution of the Production Sharing Contract (PSC), will see Amerada Hess as the operator of the
Toggle Summary Amerada Hess' President And Chief Operating Officer Resigns
Amerada Hess Corporation (NYSE: AHC) said today that Sam Laidlaw has indicated his intention to resign as President and Chief Operating Officer and as director of the company, effective the end of September 2001. His responsibilities will be assumed for the present time by John B.
Toggle Summary Amerada Hess Pledges $5 Million To Relief Workers
Amerada Hess Corporation (NYSE: AHC) announced today that it had pledged $5 million to help the families of New York City firefighters, police officers and other rescue workers who died or were injured helping victims of the attack on the World Trade Center.
Toggle Summary Amerada Hess Acquires Interest In Llano Field
Amerada Hess Corporation (NYSE: AHC) announced today that it had acquired EEX Corporation's 27.5% interest in the Llano Field located on Garden Banks Blocks 385 and 386 in the Gulf of Mexico for $50 million plus an overriding royalty interest of ½ of 1% for the first 100 million barrels of oil
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend On Common Stock
The Board of Directors of Amerada Hess Corporation (NYSE: AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on September 28, 2001 to holders of record at the close of business on September 17, 2001.
Toggle Summary Amerada Hess Completes Triton Acquisition
Amerada Hess Corporation (NYSE: AHC) announced today that it had completed the acquisition of the validly tendered Ordinary Shares of Triton Energy Limited. Amerada Hess said that as previously announced it or a subsidiary would effect a compulsory acquisition of the remaining Ordinary Shares of
Toggle Summary Amerada Hess Announces Acquisition Of Triton Shares
Amerada Hess Corporation (NYSE: AHC) announced today that in response to its cash tender offer, made through its wholly owned subsidiary, Amerada Hess (Cayman) Limited, to purchase all of the Ordinary Shares of Triton Energy Limited for $45 per share, based on reports from The Bank of New York as
Toggle Summary Amerada Hess Prices $2.5 Billion Domestic Bond Offering
Amerada Hess Corporation (NYSE: AHC) announced today that it had priced its $2.5 billion domestic bond offering. Closing is expected to occur Wednesday, August 15. The offering will consist of four tranches: $500 million of 3-year bonds due August 15, 2004 carrying a coupon rate of 5.30% $500
Toggle Summary Amerada Hess Reports Second Quarter Results.
New York, New York....July 25, 2001....Amerada Hess Corporation (NYSE:AHC) reported net income of $357 million for the second quarter of 2001 compared with income of $202 million for the second quarter of 2000. Net income in the first half of 2001 was $694 million compared with $426 million in the
Toggle Summary Amerada Hess To Acquire Triton Energy For $45 Per Share In Cash
A presentation about the acquisition is available in our Investor Relations Presentation area. Amerada Hess Corporation (NYSE: AHC) and Triton Energy Limited (NYSE: OIL) today jointly announced that they have entered into a definitive agreement under which Amerada Hess will commence a cash tender
Toggle Summary Drilling Programme Agreed For Beechnut "Cluster"
Amerada Hess Limited and Ranger Oil have reached agreement on a joint programme of further exploration and appraisal for the Beechnut area in Blocks 29/9a south and 29/9b of the UK sector of the North Sea. Beechnut is included within one of the "cluster" areas identified by the PILOT Undeveloped
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, July 25 at 1:00 p.m. Eastern Daylight Time to discuss its second quarter 2001 earnings release. To phone into the conference call, parties in the United States should dial 1-800-289-0436 any time
Toggle Summary New Success For Amerada Hess In Brazilian Round
Amerada Hess Corporation (NYSE: AHC) has bid successfully and been awarded interests in two blocks in the third round of licensing in Brazil. The new blocks, BM-S-22 and BM-C-15 are located in the Santos and Campos Basins, respectively and increase AHC's portfolio of interests in Brazil to eight
Toggle Summary Amerada Hess Announces Regular Quarterly Dividend
The Board of Directors of Amerada Hess Corporation (NYSE: AHC), today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on June 29, 2001 to holders of record at the close of business on June 18, 2001.
Toggle Summary Amerada Hess Announces Stock Sales Plan
Amerada Hess Corporation (NYSE: AHC) announced today that a charitable trust created by the late Leon Hess entered into a sales plan for a portion of the Amerada Hess common stock it owns. The sales are being made to meet diversification requirements and the trust's charitable funding obligations.
Toggle Summary North Sea Gas Success For Amerada Hess
Amerada Hess (NYSE:AHC) announced today that it had completed successfully an appraisal well on the York area in the Southern North Sea. The well tested at a maximum rate of 24.7 million cubic feet of gas per day from a Rotliegend Leman Sandstone and has confirmed that York has probable reserves of
Toggle Summary Amerada Hess Reports First Quarter Results
New York, New York....April 25, 2001...Amerada Hess Corporation (NYSE: AHC) reported net income of $337 million for the first quarter of 2001 compared with income of $224 million for the first quarter of 2000.   The after-tax results by major operating activity for the first quarters of 2001 and
Toggle Summary Amerada Hess Continues Its Record Of Innovation On Angus
Amerada Hess (NYSE:AHC), on behalf of the co-venturers, has received DTI approval for re-developing the Angus Field. It will be produced by a subsea tieback to the Uisge Gorm floating production, storage and offloading vessel ("FPSO") which is already producing the Fife, Fergus and Flora fields.
Toggle Summary Amerada Hess Sets Out Way Forward On Chestnut
Amerada Hess (NYSE: AHC), London - Following the announcement made on Tuesday by Premier Oil, Amerada Hess Limited (AHL) has now confirmed its plans for the development of the Chestnut field. The Company has assumed operatorship and will continue to fund the ongoing phase I activities, namely
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, April 25 at 1:00 p.m. Eastern Daylight Time to discuss its first quarter 2001 earnings release. To phone into the conference call, parties in the United States should dial 1-800-289-0529 any time
Toggle Summary First Malaysian Discovery For Amerada Hess
Amerada Hess has announced an oil and gas discovery with its second exploration well in Malaysia. The Cendor-1 well, located in Block PM304 and approximately 155km offshore Peninsular Malaysia, was drilled in 63 metres of water and encountered hydrocarbons at multiple levels.
Toggle Summary Amerada Hess Announces a 100% Increase in Regular Quarterly Dividend on Common Stock
At today's meeting of the Board of Directors of Amerada Hess Corporation (NYSE: AHC), a regular quarterly dividend of 30 cents per share was declared payable on the Common Stock of the Corporation on March 30, 2001 to holders of record at the close of business on March 19, 2001.
Toggle Summary Amerada Hess To Acquire Gulf Coast Natural Gas Reserves
Amerada Hess Corporation announced today that it had reached agreement to purchase substantially all of the exploration and production assets of LLOG Exploration Company for $750 million after closing adjustments. The properties are located on the Gulf of Mexico shelf and onshore South Louisiana.
Toggle Summary Amerada Hess Welcomes Gas Sales Agreements
Amerada Hess today welcomed the signing of a series of agreements that will enable the sale of gas from its Jabung Block in South Sumatra into Singapore. The agreements provide for the sale of gas from the Jabung PSC, in which Amerada Hess holds a 30% interest, to Pertamina, Indonesia's State oil
Toggle Summary Amerada Hess Announces Retail Marketing Acquisition
Amerada Hess announced today that it has reached agreement to purchase 53 company-operated retail outlets located primarily in the Boston metropolitan area and southern New Hampshire from Gibbs Oil Company Limited Partnership. The sites, most of which include convenience stores, will be rebranded
Toggle Summary Amerada Hess Reports Fourth Quarter Results.
New York, New York....January 25, 2001...Amerada Hess Corporation reported net income of $340 million for the fourth quarter of 2000 compared with income of $131 million for the fourth quarter of 1999. For the full year, net income was $1,023 million compared with income of $438 million in 1999.
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Thursday, January 25 at 11:30 a.m. Eastern Standard Time to discuss its fourth quarter and year-end 2000 earnings release. To phone into the conference call, parties should dial 1-800-289-0436 any time after
Toggle Summary Amerada Hess Sets Investor Meeting And Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will host a meeting and conference call for investors, analysts and the media on Tuesday, November 7, 2000 at 11:00 a.m. New York time to discuss the proposed acquisition of LASMO plc (LSE: LSMR) by Amerada Hess.
Toggle Summary Amerada Hess Reports Third Quarter Results.
New York, New York....October 25, 2000...Amerada Hess Corporation reported operating earnings of $257 million for the third quarter of 2000 compared with earnings of $52 million for the third quarter of 1999. Operating earnings in the first nine months of 2000 were $683 million compared with
Toggle Summary Amerada Hess Schedules Earnings Release Conference Call
Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Wednesday, October 25 at 1:00 p.m. eastern daylight time to discuss its third quarter 2000 earnings release. To phone into the conference call, parties should dial 1-800-406-5345 any time after 12:45 p.m.
Toggle Summary Amerada Hess to Explore Joint Venture with North Carolina Retail Marketer
Amerada Hess Corporation announced today that it was exploring a potential 50/50 joint venture with A.T. Williams oil company which owns and operates 120 Wilco gasoline/convenience stores and 21 Wilco travel centers. The retail outlets and the travel centers are located primarily in North Carolina,
Toggle Summary Minister Salutes Triton Success
The Rt. Hon Helen Liddell MP, Minister for Energy and Competitiveness in Europe, today officially inaugurated the £540 million Triton Project at the offices of Amerada Hess in Aberdeen. The Project, which incorporates the Bittern, Guillemot West and North West fields, took just 2½ years from
Toggle Summary Regular Quarterly Dividend Declared
The Board of Directors of Amerada Hess Corporation today declared a regular quarterly dividend of fifteen cents (15 cents) per share payable on the Common Stock of the Corporation on September 29, 2000 to holders of record at the close of business on September 18, 2000.
Toggle Summary Amerada Hess Agrees to Contract for Brazilian Offshore Supply Base
Today Amerada Hess Limitada signed the contract for a new offshore supply base with Brasco Logística Offshore Limitada. The base will support the company's offshore deepwater drilling operations in 2000, planned for the Campos and Santos basins, with the wells to be drilled within the State of Rio
Toggle Summary Faroes Partnership Success in Licensing Round
Amerada Hess and its partners in The Faroes Partnership today welcomed the announcement by the Faroese Government that they had been successful in the First Licensing Round. The Faroes Partnership consists of Amerada Hess, BG International, DONG and Atlantic Petroleum, the independent Faroese-owned
Toggle Summary Amerada Hess Reports Second Quarter Results.
New York, New York....July 25, 2000....Amerada Hess Corporation reported operating earnings of $202 million for the second quarter of 2000 compared with earnings of $37 million for the second quarter of 1999. Operating earnings in the first half of 2000 were $426 million compared with earnings of
Toggle Summary Amerada Hess announces new acquisition in Azerbaijan
Amerada Hess Corporation announced today that it has reached agreement with Ramco Energy plc for the acquisition of an additional 2.08% interest in the Azeri, Chirag and Guneshli fields, being developed in the Azeri sector of the Caspian Sea. The total purchase price will be US$150 million.
Toggle Summary Amerada Hess acquires further interests in the Ivanhoe and
Amerada Hess has announced that it has completed the purchase from Veba of a further 34.46% interest in the Ivanhoe, Rob Roy and Hamish fields and the associated AH001 floating production facility. As a result, Amerada Hess. s interest in the fields and production facilities has increased
Toggle Summary New deepwater opportunity for Amerada Hess
Amerada Hess extended its interests in Malaysia into deepwater territory on Friday 30th June when it signed a new Production Sharing Contract (PSC) with PETRONAS for Deepwater Block F off the northern coast of Sarawak. The Block covers approximately 8,000 square kilometres and the water depth
Toggle Summary Amerada Hess awarded new exploration licences in Brazil
In the second Brazilian licensing round held yesterday in Rio de Janeiro, Amerada Hess was awarded two licences for exploration blocks in the Sergipe-Alagoas basin, one of which it will operate. These are the first interests for the Company in the Sergipe-Alagoas Basin, which is situated off the
Toggle Summary John Hess speaks at Annual Stockholders' Meeting
Ladies and gentlemen, welcome to Amerada Hess Corporation's annual stockholders meeting for the year 2000. Thank you for being here today. Your company's 1999 financial results were significantly improved over those of the prior year. We reported operating earnings of $307 million.
Toggle Summary Sam Laidlaw speaks at Annual Stockholders' Meeting
Good afternoon ladies and gentlemen. I would like to welcome you to your Corporation's annual stockholders meeting and thank you for joining us today. 1999 began with historically low oil price levels of only $12 a barrel, but as the year progressed oil prices increased, finishing the year at over
Toggle Summary Amerada Hess Oil and Gas Discovery on Block 15/27
Amerada Hess Limited, on behalf of the co-venturers in Licence P226, has announced the discovery of a potentially commercial accumulation of oil and gas on Block 15/27 in the Outer Moray Firth area of the North Sea. Exploration well 15/27-9 encountered significant quantities of oil and gas in
Toggle Summary Amerada Hess Reports First Quarter Results
New York, New York....April 25, 2000...Amerada Hess Corporation reported operating earnings of $224 million for the first quarter of 2000 compared with earnings of $41 million for the first quarter of 1999. The after-tax results by major operating activity for the first quarters of 2000 and 1999
Toggle Summary First Oil Through Triton FPSO
First oil was produced on board the Amerada Hess operated floating production storage and offloading vessel (FPSO), Triton, when the choke on the first production well on the Bittern Field was opened and oil reached the vessel at 23.14hrs on Saturday 15 April 2000.
Toggle Summary Amerada Hess Acquires Gassi El Agreb Field Redevelopment Project In Algeria
Amerada Hess Corporation announced today the acquisition of the Gassi El Agreb Redevelopment Project, covering the El Gassi, El Agreb and Zotti Fields, from the Algerian state oil company, Sonatrach. Amerada Hess will acquire the fields for $55 million and will form a joint operating company with
Toggle Summary Phased Approach to Perth Agreed
Amerada Hess, on behalf of the partners in Block 15/21, have taken a significant step forward in unlocking the Perth Field and a number of other adjacent prospects and undeveloped discoveries. Perth was discovered in 1991 and is located 10 kms north west of the Scott Platform.
Toggle Summary Amerada Hess acquires further assets in Brazil
Amerada Hess Limitada has added to its Brazilian portfolio with the acquisition of a further exploration interest. An agreement was signed today with Petrobrás for the exploration block BCe-2. This is the first deepwater block to be signed with an international oil company in the Potiguar basin.
Toggle Summary FPSO Triton sails from Tees Offshore Base
Amerada Hess, on behalf of the partners, (Shell Expro Limited, Esso, Enterprise Oil Exploration Limited, Veba Oil & Gas Limited and Paladin Expro Limited), in the Triton development comprising the Bittern, Guillemot West and Guillemot North West Fields, announce that the FPSO Triton sailed from the
Toggle Summary Amerada Hess Announces $300 Million Stock Repurchase Program
New York, New York...March 2, 2000…......Amerada Hess Corporation announced today that its Board of Directors has authorized expenditures of up to $300 million to repurchase shares of Amerada Hess Common Stock. The stock will be purchased from time to time in the open market or as otherwise
Toggle Summary Amerada Hess to Acquire Statoil Energy Marketing Business
p>New York, New York...February 24, 2000...............Amerada Hess Corporation announced today that it has reached agreement to purchase Statoil Energy Services, Inc. located in Alexandria, Virginia. Statoil Energy Services markets natural gas and electricity to industrial and commercial
Toggle Summary Amerada Hess to Acquire Merit Retail Outlets
New York, New York...February 14, 2000...............Amerada Hess Corporation announced today that it has entered into an agreement with The Meadville Corporation to acquire the 51% of the outstanding stock of The Meadville Corporation that it does not already own for approximately $168 million.
Toggle Summary Hovensa L.L.C. reaches agreement for financing underwritten by Bank of America
St. Croix, U.S. Virgin Islands, February 11, 2000...............Hovensa L.L.C. ("Hovensa") announced today that it had reached agreement for $600 million in financing underwritten by Bank of America for the construction of a 58,000 barrel per day delayed coking unit and related facilities at its
Toggle Summary Amerada Hess Reports Fourth Quarter 1999 Results
New York, New York....January 21, 2000........Amerada Hess Corporation reported income excluding special items of $176,000,000 for the fourth quarter of 1999 compared with a loss of $99,300,000 for the fourth quarter of 1998. For the full year, income excluding special items was $306,500,000