About the Company
Hess Corporation, formerly known as Amerada Hess Corporation, is a US-based universal autonomous energy company that distinctly focuses on the observation, development, production, transportation and sale of natural gas and crude oil. The company has operations spread out across the world. It was established in 1933 by Leon Hess and later was formed by the merger of Amerada Petroleum and Hess Oil and Chemical in 1968.
The company is headquartered in New York, is a massive manufacturer in the deepwater Gulf of Mexico and an essential supplier to Peninsular Malaysia and Thailand. Hess Corporation was first listed under the S & P 500 component on 31st May 1984.
Hess Corporation acquired 11 companies, and its largest acquisition till date was in 2001 when it took possession of Triton Energy for $3.2 billion. The company has made acquisitions in four different US states and four countries. One of Hess Corporation's notable acquisitions was that of the American Oil and Gas Inc. on Dec 20th, 2010.
Hess Corporation shares trade on the New York Stock Exchange under the ticker symbol HES. The company mainly operates in three segments- Processing & Storage, Gathering & Terminaling and Export. The total number of employees working at Hess Corporation in 2019 was 1775, which denoted an increase of 3.92% from 2018.
In 2018, the company won Platts Global Energy Award for constructing best project of the year known as Stampede project, a deepwater gas and oil development in the Gulf of Mexico. Hess Corporation was known to be one of the 21 companies recognised for outstanding leadership, performance and innovation. In the year 2020, Forbes Global 2000, ranked it as the 1253rd largest public company in the world. Hess Corporation has obtained ideal leadership status from CDP for 12 years, an international non-profit organisation that runs a global environment declaration for companies, investors, cities, etc. The company is pledged to produce oil and natural gas in an environmentally responsible and feasible manner.;
Organisation | Hess Corporation |
Industry | Oil & Gas E&P |
HeadQuarters | New York, NY |