Headquarters: New York, NY, United States
Founded: December 11, 1919
CEO: Mr. John B. Hess
USD as of April 1, 2022
|Company||Market Cap (USD)|
|Canadian Natural Resources Limited||$74.78 B|
|EOG Resources, Inc.||$71.90 B|
|Pioneer Natural Resources Company||$62.19 B|
|CNOOC Limited||$60.19 B|
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. As of December 31, 2021, it had total proved reserves of 1,309 million barrels of oil equivalent. The company was incorporated in 1920 and is headquartered in New York, New York.
Hess Corporation (formerly Amerada Hess Corporation) is an American global independent energy company involved in the exploration and production of crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess served as CEO from the early 1960s through 1995, after which his son John B Hess succeeded him as chairman and CEO. Headquartered in New York City, the company ranked 394th in the 2016 annual ranking of Fortune 500 corporations. In 2020, Forbes Global 2000 ranked Hess as the 1,253rd largest public company in the world. The company has exploration and production operations on-shore in the United States (North Dakota) and Libya, and off-shore in the United States (Gulf of Mexico), Canada, South America (Guyana & Suriname), and Southeast Asia (Malaysia and the Joint Development Area of Malaysia and Thailand).
Source: Wikipedia, retrieved on March 31, 2022, 8:59 p.m.
Crude oil Petrochemicals Natural gas Propane
Founder(s): Leon Hess
John B. Hess (CEO)
Revenue: US$4.667 billion (2020)
Operating income: US$−393 million (2020)
Net income: US$−3.093 billion (2020)
Total assets: US$18.821 billion (2020)
Total equity: US$6.335 billion (2020) (2020)