Hess Corporation · New York, NY United States ·(NYSE: HES)
Company Description
Phone: 212-997-8500
Fax: 212-536-8593
Rankings
- #281 in FT Global 500
- #55 in FORTUNE 500
- S&P 500
View Hess Corporation Locations On A US Map
This link will open in a new window
Hess Corporation (formerly Amerada Hess) has what it takes. The integrated oil and gas company conducts exploration and production primarily in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the UK, and the US. In 2008 Hess reported proved reserves totaling more than 1.4 billion barrels of oil equivalent. It operates a 50%-owned refinery (HOVENSA ) in the US Virgin Islands and a smaller one in New Jersey, and it markets gasoline through about 1,370 HESS gas stations, chiefly in the eastern US. It also provides power to customers in the Northeast and Mid-Atlantic. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Hess Corporation Financials
| Company Type | Public - NYSE: HES Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $41,165.0 |
| 2008 Employees | 13,500 |
Hess Corporation Executives
45 executives listed for Hess Corporation's New York, NY location.
| Title | Name & Bio | Contact |
| Chairman, CEO and Director | John Hess | Network |
| SVP and CFO | John Rielly | Network |
| VP and CIO | Jeff Steinhorn | Network |
Competition
Competitive Landscape for Hess Corporation
Demand for petroleum comes mainly from auto and truck use and home heating. Profitability is determined by the efficiency of operations. Most companies are local and operate a single "bulk station" (tank farm), although the large companies may operate a dozen facilities and serve several states. Large wholesale purchasers generally can negotiate bigger price discounts from suppliers and spread the cost of bulk holding facilities over a larger number of gallons. An economic recession or dramatic price fluctuations, such as those that occurred in the first half of 2008, reduce demand for gasoline. Concerns about US dependency on foreign fuel and environmental issues also impact demand. Any decline in demand can adversely affect petroleum distributors. To read the full description, subscribe now.Top Hess Corporation Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
