Press Release

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 United States should dial 1-800-361-0912 any time after 11:45 a.m. Eastern Standard Time. Outside the United States, parties should dial 1-913-981-5559. This conference call will also be available by webcast at www.hess.com (audio only). Forward looking and material information may be discussed during the conference call.

A replay of the conference call will be available from January 28, 2004 through February 4, 2004 by dialing 1-888-203-1112 and entering the pass code 598650. Outside the United States, parties should dial 1-719-457-0820 and enter the pass code 598650.

About Amerada Hess Corporation

Amerada Hess, headquartered in New York, is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products.

Contact: Amerada Hess Corporation...........Jay R. Wilson (212) 536-8940