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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, South Carolina and Virginia.

If a final agreement is reached, gasoline and diesel will be sold under the Hess brand at these outlets. The convenience stores will continue to operate under the Wilco name. Steve Williams will be chief executive officer of the joint venture which will be named Wilcohess.

Contact: Amerada Hess corporation..............C.T. Tursi (212) 536-8593