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12/21/2009Hess Makes Strategic Asset Trade with Shell
Click here to view release in PDF format. NEW YORK, Dec 21, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) today announced it has reached agreement with Shell for a strategic asset trade that will double Hess' interest in a pair of Norwegian offshore fields, Valhall and Hod, to 56.18 percent and 50 percent, respectively. In the trade, Hess will assume Shell's 28.09 percent interest in the Valhall field and 25 percent interest in the satellite Hod field. In return, Shell will assume Hess... 
12/21/2009Hess Corporation Calls Outstanding Notes Due In 2011 For Redemption
Click here to view release in PDF format. NEW YORK, Dec 21, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will redeem all of its outstanding 6.65% Notes due August 15, 2011 (the "Notes"). The formal notice of redemption is being sent today to holders of the Notes by The Bank of New York Mellon, the trustee under the indenture governing the Notes. The Notes will be redeemed on January 20, 2010 (the "Redemption Date") at a redemption price to be calculated on the ... 
12/17/2009Hess Corporation Announces Expiration And Results Of Offer To Purchase Notes Due In 2011
Click here to view release in PDF format. NEW YORK, Dec 17, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that the previously announced cash tender offer for any and all of its outstanding 6.65% Notes due August 15, 2011 (the "Notes") (CUSIP No. 023551AH7) expired at 5:00 p.m., New York City time, on December 16, 2009. After the expiration of the Offer, Hess accepted for purchase $545,733,000 aggregate principal amount of the Notes which were validly tendered and not vali... 
12/16/2009Hess Corporation Announces Pricing of Offer to Purchase Notes Due in 2011
Click here to view release in PDF format. NEW YORK, Dec 16, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today the consideration to be paid in the previously announced cash tender offer for any and all of its outstanding 6.65% Notes due August 15, 2011 (the "Notes") (CUSIP No. 023551AH7). The applicable Reference Yield, Tender Offer Yield, Total Consideration and accrued and unpaid interest, assuming a settlement date of December 17, 2009, are detailed in the table below: ... 
12/14/2009Hess Corporation Announces Capital and Exploratory Budget for 2010
Click here to view release in PDF format. NEW YORK--(BUSINESS WIRE)--Dec. 14, 2009-- Hess Corporation (NYSE: HES) announced today a $3.9 billion capital and exploratory budget for 2010, nearly all of which is targeted for Exploration and Production: $2.4 billion for production, $600 million for developments and $850 million for exploration. John B. Hess, Chairman and CEO, stated, “We are fortunate to have a strong portfolio of attractive investment opportunities. We will invest in a disciplin... 
12/09/2009Hess Corporation Announces Note Offering
Click here to view release in PDF format. NEW YORK, Dec 09, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it has agreed to sell $750 million of notes with a 6.0% coupon maturing on January 15, 2040 in a registered public offering led by Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated. Hess intends to use the net proceeds of the note offering primarily for the purchase of its 6.65% Notes due 2011 that are purchased pur... 
12/09/2009Hess Corporation Announces Offer to Purchase Notes Due in 2011
Click here to view release in PDF format. NEW YORK, Dec 09, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today the commencement of a cash tender offer for any and all of its outstanding 6.65% Notes due August 15, 2011 (the "Notes") (CUSIP No. 023551AH7), of which $662,120,000 in aggregate principal amount are outstanding. The Offer will expire at 5:00 p.m., New York City time, on December 16, 2009, unless extended or earlier terminated. The Offer is being made pursuant to an... 
12/02/2009Hess Announces Regular Quarterly Dividend on Common Stock
NEW YORK--(BUSINESS WIRE)--Dec. 2, 2009-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on January 4, 2010 to holders of record at the close of business on December 21, 2009. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, trans... 
12/02/2009Hess Announces Successful Libya Well Test
NEW YORK--(BUSINESS WIRE)--Dec. 2, 2009-- Hess Corporation (NYSE: HES) announced today that its fully-owned subsidiary Hess Libya Exploration Limited (HLEL) has carried out a successful test of its discovery well A1-54/01 offshore Libya in the Mediterranean Sea. Well A1-54/01 was originally drilled in the Arous Al-Bahar prospect in 2008 and encountered hydrocarbons in several intervals with a combined gross section of approximately 5... 
10/30/2009Hess Toy Truck Celebrates a 45 Year Holiday Tradition
2009 Hess Race Car and Racer Kicks Fun and Innovation into High Gear NEW YORK (October 30, 2009) – Hess Corporation today celebrates the 45th anniversary of what has become a family holiday tradition for generations with the newest addition to its renowned collection of holiday toy trucks: The 2009 Hess Race Car and Racer. Not since 1993 has the Hess Toy Truck featured a car, when the Patrol Car was first introduced and went on to become the fastest selling Hess Toy Truck ever. The race... 
10/28/2009Hess Reports Estimated Results for the Third Quarter of 2009
Third Quarter Highlights: Net Income was $341 million compared with $775 million in third quarter 2008 Oil and gas production was 420,000 barrels per day, up from 361,000 in third quarter 2008 Exploration and Production results included after-tax income of $89 million related to the resolution of a U.S. royalty dispute Capital and exploratory expenditures were $6... 
10/02/2009Hess Home Run Campaign a Hit for Kids with Medical Needs
$100,000 For Jimmy Fund Through Red Sox Foundation and Children's Hospital Boston BOSTON, Oct. 2 /PRNewswire-FirstCall/ -- Hess Corporation will present two $50,000 checks -- one to the Jimmy Fund through the Red Sox Foundation and the other to Children's Hospital Boston's Trauma Program -- as part of a home run program kicked off on Boston Red Sox' home opening day. Aric Morrison, a Hess Retail regional director, will present the checks before the game on October 4. Hess Corporation promise... 
09/30/2009Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Sep. 30, 2009-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 28, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2009 earnings release. To phone into the conference call, parties in the United States should dial 1-866-318-8612 and enter the pass code 97634796 after 9:45 a.m. Outside the United States, parties should dial 1-617-399-5131 and enter... 
09/09/2009Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Sep. 9, 2009-- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on September 30, 2009 to holders of record at the close of business on September 18, 2009. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, t... 
07/29/2009Hess Reports Estimated Results for the Second Quarter of 2009
Second Quarter Highlights: Net Income was $100 million compared with $900 million in second quarter 2008 Oil and gas production was 407,000 barrels per day, up from 393,000 in second quarter 2008 Capital and exploratory expenditures of $785 million, down from $1,240 million in the second quarter of 2008 NEW YORK--(BUSINESS WIRE)--Jul. 29, 2009-- Hess Corporation (NYSE: HES) reported net income of $100 million for the second quarter of 2009 compared with net ... 
07/07/2009Drilling Completed on Guarani Well
NEW YORK--(BUSINESS WIRE)--Jul. 7, 2009-- Hess Corporation (NYSE:HES) announced today that the Guarani appraisal well on the BM-S-22 license in the Santos Basin offshore Brazil has been completed and no discovery notice was filed. Hess’ share of the well cost will be expensed in the second quarter. The next step is to analyze the significant amount of seismic, log and core data gathered to plan the location of a third well to help further ... 
07/01/2009Gary Boubel Named Senior Vice President of Global Developments
NEW YORK--(BUSINESS WIRE)--Jul. 1, 2009-- Hess Corporation (NYSE: HES) announced today that Gary Boubel will become Senior Vice President, Global Developments, beginning in September. He succeeds Keith Hunter, who has retired. Boubel, 54, joins Hess from BP, where he most recently was Senior Vice President and Projects Director for the company’s extensive Alaskan operations. In his 29 year career with BP and ARCO, Boubel held leadershi... 
06/30/2009Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jun. 30, 2009-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 29, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2009 earnings release. To phone into the conference call, parties in the United States should dial 1-866-271-6130 and enter the pass code 47109523 after 9:45 a.m. Outside the United States, parties should dial 1-617-213-8894 and enter ... 
06/05/2009Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Jun. 5, 2009-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 30, 2009 to holders of record at the close of business on June 16, 2009. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportati... 
06/03/2009Hess Provides Update on BM-S-22 License
NEW YORK--(BUSINESS WIRE)--Jun. 3, 2009-- Hess Corporation (NYSE: HES) announced today that the Guarani well on the BM-S-22 license in the Santos Basin offshore Brazil has been drilled in 2,238 meters of water to a measured depth of 5,424 meters. Drilling operations are continuing with a sidetrack and coring of the well as part of an ongoing evaluation program. Hess holds a 40 percent interest in the license in partnership with Exxon M... 
06/01/2009Michael Turner Appointed Senior Vice President of Global Production
NEW YORK, Jun 01, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE:HES) announced today that Michael R. Turner has been named Senior Vice President, Global Production, with responsibility for Europe and Asia. Turner, 49, joins Hess from Shell. In his 28 year career with Shell, Turner held leadership positions in a range of U.S. and international production operations, including most recently its U.K. North Sea assets. Throughout his career, he delivered sig... 
05/21/2009Hess Launches Miniature Toy Space Shuttle
2009 Hess Mini Toy Truck Goes On Sale; An Out-Of-This-World Value NEW YORK (May 21, 2009) – A miniature space shuttle and accompanying tractor trailer transport are blasting off as part of Hess Corporation’s collectible Miniature Truck series. Each year, the Miniature Truck series pays tribute to a popular Hess holiday Toy Truck from the past, packing craftsmanship and detail into a pair of small-scale vehicles. This year’s edition is based on the popular 1999 Hess Holiday Toy Truck and ... 
05/15/2009Hess Corporation Recommends Rejection of "Mini-Tender" Offer from TRC Capital
PDF (Printer Friendly) NEW YORK--(BUSINESS WIRE)--May. 15, 2009-- Hess Corporation (NYSE: HES) today said it has been notified of a so-called “mini-tender” offer by TRC Capital Corporation to purchase up to 2 million shares of its common stock, which represents about 0.6 percent of its outstanding common stock. Hess noted that TRC’s unsolicited offer of $61 per share was more than 4 percent below the closing price of Hess stock on May 12, 2009... 
04/29/2009Hess Reports Estimated Results for the First Quarter of 2009
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04/02/2009Hess Schedules Earnings Release Conference Call
NEW YORK, Apr 02, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 29, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2009 earnings release. To phone into the conference call, parties in the United States should dial 1-866-700-5192 and enter the pass code 50836187 after 9:45 a.m. Outside the United States, parties should dial 1-617-213-8833 and enter the pass code 5... 
03/04/2009Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK, Mar 04, 2009 (BUSINESS WIRE) -- The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on March 31, 2009 to holders of record at the close of business on March 16, 2009. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of cr... 
01/30/2009Hess Corporation Announces Note Offering
PDF (Printer Friendly) NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) announced today that it sold $250 million of 5 year notes with a 7% coupon maturing on February 15, 2014 and $1 billion of 10 year notes with a 8.125% coupon maturing on February 15, 2019 in a registered public offering led by Goldman, Sachs & Co., J.P. Morgan and RBS Greenwich Capital. The net proceeds of the note offering are intended to be used primarily ... 
01/28/2009Hess Reports Estimated Results for the Fourth Quarter of 2008
PDF (Printer Friendly) NEW YORK--(BUSINESS WIRE)--Fourth Quarter Highlights: A net loss of $74 million was reported for fourth quarter 2008 compared with net income of $510 million in fourth quarter 2007 Debt to capitalization ratio decreased to 24.3 percent at December 31, 2008, from 28.9 percent at December 31, 2007 Oil and gas production was 379,000 barrels per day; lost product... 
01/07/2009Greg Hill Named President of Worldwide Exploration and Production
NEW YORK, Jan 07, 2009 (BUSINESS WIRE) -- Hess Corporation (NYSE: HES) announced today that Greg Hill has been named President, Worldwide Exploration and Production. Hill will also be an Executive Vice President of Hess Corporation. Hill, 47, joins Hess from Shell, where he has been Executive Vice President, Asia Pacific E&P, encompassing Malaysia, Brunei, Indonesia, the Philippines, China, Australia and New Zealand. He held numerous leadership positions ... 
01/06/2009Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 28, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2008 earnings release. To phone into the conference call, parties in the United States should dial 1-800-798-2884 and enter the pass code 84275755 after 9:45 a.m. Outside the United States, parties should dial 1-617-614-6207 and enter the pa...