Hess is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. We are a leading shale oil and gas producer, a leader in deepwater development and production and a focused, high impact explorer. Our high-graded, focused portfolio includes offshore Guyana, deepwater Gulf of Mexico, the Bakken shale in North Dakota and Malaysia.
Hess Tower 1501 McKinney Stree, Houston, United States of America
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.
Hess Corporation recently earned for Excellence in Corporate Social Responsibility for its operations in the North Dakota Bakken.
John B. Hess
Chief Executive Officer
Gregory P. Hill
President and Chief Operating Officer
Executive Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer
Executive Vice President and Chief Financial Officer
Senior Vice President and Chief Exploration Officer
Senior Vice President, Technology and Services
Senior Vice President, Production
Our Corporate Values reinforce our commitment to traditional Hess strengths and underscore the qualities that define us as a leading global independent energy company. At Hess, six core values guide our actions as individuals at work and as a corporation: Integrity, People, Performance, Value Creation, Social Responsibility and Independent Spirit. They are the basic building blocks of our organization’s culture and represent our company’s collective conscience. While our strategy changes over time based on business conditions, our values are enduring.
The safety of our workforce is Hess’ first priority and one of our core values, embodied within the Hess Value of Social Responsibility. Through our safety programs and practices, we seek to maintain a culture in which employees and contractors keep each other safe on the job, so that everyone across our operations returns home safe every day.