NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
UNITED STATES |
OMB APPROVAL |
OMB Number: |
3235-0080 |
Expires: |
March 31, 2018 |
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SECURITIES AND EXCHANGE COMMISSION |
Washington, D.C. 20549 |
FORM 25 |
NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.
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Commission File Number |
001-01204 |
Issuer: |
HESS CORP |
Exchange: |
NEW YORK STOCK EXCHANGE INC |
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(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)
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Address: |
1185 Avenue of the Americas |
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New York |
NEW YORK |
10036 |
Telephone number: |
| (212) 997-8500 |
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(Address, including zip code, and telephone number, including area code, of Issuer's
principal executive offices)
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7.00% Mandatory Convertible Preferred Stock, Automatically Convertible Equity Securities (ACES) |
(Description of class of securities)
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Please place an X in the box to designate the rule provision relied upon to strike
the class of securities from listing and registration:
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Pursuant to the requirements fo the Securities Exchange Act of 1934,
NEW YORK STOCK EXCHANGE INC
certifies that it has reasonable grounds to believe that it
meets all of the requirements for filing the Form 25 and has caused this notification to be
signed on its behalf by the undersigned duly authorized person.
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2006-12-07 |
By |
Paras Madho |
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Director |
Date |
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Name |
Title |
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1 |
Form 25 and attached Notice will be considered compliance with the provisions of
17 CFR 240.19d-1 as applicable. See General Instructions.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
The New York Stock Exchange hereby notifies the SEC of its intention to remove the entire class of the stated securities from listing and registration on the Exchange at the opening of business on December 18, 2006, pursuant to the provisions of Rule 12d2-2 (a).
[ X ] 17 CFR 240.12d2-2(a)(2) That the entire class of this security was redeemed or paid at maturity or retirement on December 1, 2006.
Each of the ACES, unless previously converted, will automatically convert on December 1, 2006, which Hess Corporation call the mandatory conversion date, into a number of newly issued shares of the company's common stock equal to the conversion rate described below:
If the applicable market value, of the company's common stock is equal to or greater than $20.07, which the company calls the threshold appreciation price, then the conversion rate will be 2.4915 shares of the company's common stock per ACES (the 'minimum conversion rate').
If the applicable market value of the company's common stock is less than the threshold appreciation price but greater than $16.18, which the company call the initial price, the conversion rate will be equal to $16.67 divided by the applicable market value of the company's common stock per ACES.
If the applicable market value of the company's common stock is less than or equal to the initial price, the conversion rate will be 3.0897 shares of the company's common stock per ACES (the 'maximum conversion rate').
The Exchange also notifies the Securities and Exchange Commission that as a result of the above indicated conditions this security was suspended from trading on December 1, 2006.