Hess Corporation
1185 Avenue of the Americas
New York,
NY 10036
United States - Map
Phone: 212-997-8500
Fax: 212-536-8390
Web Site: http://www.hess.com
| Hess Corporation, together with its subsidiaries, engages in the exploration, development, production, purchase, transportation, and sale of crude oil and natural gas worldwide. It operates in two segments, Exploration and Production (E&P) and Marketing and Refining (M&R). The E&P segment explores for, develops, produces, purchases, transports, and sells crude oil and natural gas. Its exploration and production activities take place principally in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the United Kingdom, and the United States. The M&R segment manufactures, purchases, transports, trades, and markets refined petroleum products, natural gas, and electricity. It owns 50% of a refinery joint venture in the United States Virgin Islands, and another refining facility, terminals, and retail gasoline stations with convenience stores on the East Coast of the United States. The company markets refined petroleum products on the East Coast of the United States to the motoring public, wholesale distributors, industrial and commercial users, other petroleum companies, governmental agencies, and public utilities. As of December 31, 2008, the company operated 1,366 HESS gasoline stations, including stations owned by the WilcoHess joint venture. In addition, Hess Corporation has a 92.5% interest in Hess LNG, which is pursuing investments in liquefied natural gas terminals and related supply, trading, and marketing opportunities; and has a 50% voting interest in a consolidated partnership that trades energy commodities and derivatives. It owned 21 terminals with an aggregate storage capacity of 22 million barrels in its East Coast marketing areas; and a terminal in St. Lucia with a storage capacity of 10 million barrels, which is operated for third party storage. The company was founded in 1920 and is based in New York, New York. |
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| Key Statistics |
| |
| | Pay | Exercised | Mr. John B. Hess , 55
Chairman and Chief Exec. Officer |
$
5.00M |
$
112.92M | Mr. John P. Rielly , 47
Chief Financial Officer, Principal Accounting Officer and Sr. VP |
$
1.13M |
$
6.07M | Mr. F. Borden Walker , 56
Exec. VP, Pres of Refining & Marketing |
$
1.65M |
$
21.09M | Mr. Averill M Williams , 79
Principal |
N/A
| N/A | Mr. Gordon Shearer , 55
Sr. VP and Chief Exec. Officer of Hess LNG |
N/A
| N/A |
|
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Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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0.32% Nasdaq 
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