Hess Corporation

Hess Oil & Chemical completes construction of a large refinery on St. Croix, U.S. Virgin Islands. In 1998, the company forms a partnership with Venezuela’s national oil company, Petroleos de Venezuela, and renames the facility HOVENSA. In 2012 HOVENSA announces it is closing the refinery.

Hess Oil & Chemical Corporation merges with Amerada Petroleum Corporation to become Amerada Hess. By May the following year the company drills its first successful wildcat well in Prudhoe Bay in Alaska’s North Slope.

Amerada Hess continues to expand its global Exploration and Production profile, adding significant positions in the Gulf of Mexico and the North Sea as well as onshore in the United States (including the Jay Field Processing Plant, Santa Rosa County, Florida, shown).

With the acquisition of nearly 110,000 acres of land near Williston, the company begins building its position in North Dakota, an asset that will continue to grow and add value for decades to follow.

Leon Hess retires after six decades of leadership. John B. Hess is named Chairman and Chief Executive Officer of Amerada Hess.

Exploration and Production continue to be the engine of corporate growth. The company completes development of five high rate of return oil and gas fields in the Gulf of Mexico, the North Sea and Asia Pacific.

Amerada Hess purchases Triton Energy Limited, and with it a world-class growth opportunity in Equatorial Guinea and a long-term, long reserve-to-production life asset in the Malaysia/Thailand joint development area.

The company changes its name from “Amerada Hess Corporation” to “Hess Corporation.”

Hess establishes a leading position in shale oil and gas exploration and production with two acquisitions that boost the company's acreage in North Dakota's Bakken formation.

Hess builds a strategic acreage position in Ohio's Utica Shale through acquisition and joint venture agreements.

Hess completes multi-year transformation to an exploration and production company. The company exits all downstream operations and generates approximately $13 billion from assets sales beginning in 2013.

Hess announces positive results from the Liza-2 exploration well in the Stabroek Block offshore Guyana, confirming a world-class oil discovery and positioning Hess for a decade plus of resource and production growth.

North Malay Basin The North Malay Basin full field development, offshore Malaysia, achieves first production

Startup of production from the Liza Field, offshore Guyana, is achieved less than five years after the first discovery of hydrocarbons and well ahead of the industry average for deepwater developments. Liza Phase 1 is the first of multiple offshore development projects planned in the Stabroek Block.