Hess Corporation, founded in 1919, is an American energy company engaged in exploration, production, and refining of crude oil and natural gas. The company operates globally, with its headquarters located in New York City. Hess Corporation's operations are divided into two main segments: Exploration and Production (E&P) and Midstream.
In the Exploration and Production segment, Hess Corporation explores and develops oil and gas reserves. The company focuses on both conventional and unconventional resources and operates in various regions, including the United States, Guyana, Malaysia, and Denmark. Hess Corporation employs advanced technologies and strategic partnerships to maximize production and optimize resource recovery.
The Midstream segment involves the gathering, processing, and transportation of crude oil and natural gas. Hess Corporation owns and operates infrastructure such as pipelines, terminals, and storage facilities to support its upstream operations. By controlling the midstream activities, the company ensures the efficient and reliable delivery of its energy products to market.
Hess Corporation went public in 1937, listing its shares on the New York Stock Exchange under the ticker symbol "HES." The decision to go public allowed the company to access capital for expansion, investment in new projects, and technological advancements. Over the years, Hess Corporation has expanded its global footprint and diversified its portfolio through strategic acquisitions and exploration activities.
The company's success stems from its expertise in exploration and production, its commitment to operational excellence, and its focus on long-term value creation. Hess Corporation has a strong track record of discovering and developing significant oil and gas reserves, including the world-class discoveries in Guyana's offshore region. Additionally, the company is committed to adopting environmentally responsible practices and minimizing its environmental footprint.