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Press Releases 2013

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Q2 2019 Hess Corporation Earnings Conference Call
07/31/2019 at 10:00 AM ET
Q2 2019 Hess Corporation Earnings Conference Call
Wednesday, July 31, 2019 10:00 AM ET  
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DateTitle
12/16/2013Hess Corporation Provides Interim Update for Fourth Quarter 2013
NEW YORK--(BUSINESS WIRE)--Dec. 16, 2013-- Hess Corporation (NYSE: HES) updates realized selling prices and operating data for the first two months of the fourth quarter of 2013 and its guidance for the fourth quarter. In addition, Hess provides information on its continuing progress toward becoming a pure play Exploration and Production company. Exploration and Production: Worldwide realized selling prices for crude oil for the first two months of the fourth quarter of 2013 averaged $98.65 ... 
12/06/2013Hess Completes Sale of Its Natuna Asset in Indonesia
NEW YORK--(BUSINESS WIRE)--Dec. 6, 2013-- Hess Corporation (NYSE:HES) today completed the previously announced sale of its Natuna A asset, located off the coast of Indonesia, to PT Pertamina and PTT Exploration and Production Company Limited for a total after-tax consideration of $650 million. The asset produced an average of 5,500 barrels of oil equivalent per day net to Hess in the first three quarters of 2013. Hess Corporation is a lead... 
12/04/2013Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Dec. 4, 2013-- The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on December 31, 2013 to holders of record at the close of business on December 17, 2013. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More info... 
12/02/2013Hess Announces Sale of Its Indonesian Assets
NEW YORK--(BUSINESS WIRE)--Dec. 2, 2013-- Hess Corporation announced today it has entered into two separate agreements with a joint venture between PT Pertamina and PTT Exploration and Production Company Limited to sell its interests in both the Pangkah and Natuna A assets located off the coast of Indonesia for a total after-tax consideration of $1.3 billion. Together, the two assets produced an average of 15,000 barrels of oil equivalent per day net to ... 
11/15/2013Hess to Participate in Bank of America Merrill Lynch Global Energy Conference
NEW YORK--(BUSINESS WIRE)--Nov. 15, 2013-- Hess Corporation (NYSE:HES) announced today that John Hess, Chief Executive Officer, will present at the Bank of America Merrill Lynch Global Energy Conference in Miami on November 21 at 4:20 p.m. EST. A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More infor... 
11/01/2013Hess Completes Sale of Its Energy Marketing Business
NEW YORK--(BUSINESS WIRE)--Nov. 1, 2013-- Hess Corporation (NYSE: HES) today completed the previously announced sale of its Energy Marketing business to Direct Energy, a North American subsidiary of Centrica plc, for a total consideration of $1.2 billion. Proceeds were higher than originally announced due to increased working capital at closing. The Energy Marketing business supplies natural gas and electricity to 23,000 commercial, indust... 
10/30/2013Hess Reports Estimated Results for the Third Quarter of 2013
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10/23/2013Hess Announces 2013 Toy Truck Model
Hess Toy Truck and Tractor Goes on Sale November 8 NEW YORK, Oct. 23, 2013 /PRNewswire/ -- Hess revealed the 2013 Toy Truck model ahead of its scheduled November 1 launch with help from fans through social media: The 2013 Hess Toy Truck and Tractor. Fans began to uncover hints and portions of the toy's image on October 14 through linked social actions, including pre-ordering the truck online, liking Hess Express and Hess Toy Truck on Facebook and using the hashtag #hesstruck2013 on Twitter and ... 
10/09/2013Hess Announces Sale of Terminal Network
NEW YORK--(BUSINESS WIRE)--Oct. 9, 2013-- Hess Corporation announced today it has entered into an agreement with Buckeye Partners, L.P. to sell its U.S. East Coast and St. Lucia terminal network for a total consideration of $850 million in cash. As a result of this sale, Hess is expected separately to release approximately $900 million of working capital, with another $100 million continuing to be retained by the retail business as part of its ongoing ... 
10/01/2013Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Oct. 1, 2013-- Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 30, at 10 a.m. Eastern Daylight Time to discuss its third quarter 2013 earnings release. To phone into the conference call, parties in the United States should dial 1- 800-591-6942 and enter the pass code 17925614 after 9:45 a.m. Outside the United States, parties should dial 1- 617-614-4909 and enter the pass co... 
09/05/2013Hess to Participate in Barclays CEO Energy-Power Conference
NEW YORK--(BUSINESS WIRE)--Sep. 5, 2013-- Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York on September 11 at 9:05 a.m. EDT. A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess... 
09/04/2013Hess Increases Quarterly Dividend by 150 Percent
NEW YORK--(BUSINESS WIRE)--Sep. 4, 2013-- The Board of Directors of Hess Corporation (NYSE: HES) today authorized the previously announced 150 percent increase to its quarterly dividend, declaring a dividend of 25 cents per share payable on the Common Stock of the Corporation on September 30, 2013 to holders of record at the close of business on September 16, 2013. John B. Hess, Chief Executive Officer, said, “Our transformation into a pur... 
08/30/2013Hess Corporation Names Eric Fishman Vice President & Treasurer
NEW YORK--(BUSINESS WIRE)--Aug. 30, 2013-- Eric Fishman will become Vice President & Treasurer of Hess Corporation effective September 1. Fishman, who is currently Treasurer, Marketing and Refining, joined Hess in 2007 as Assistant Treasurer, Capital Markets. He previously worked in Treasury roles for Cendant and Becton Dickinson. Robert Biglin, current Vice President & Treasurer, will become Vice President, Corporate Finance, focu... 
07/31/2013Hess Reports Estimated Results for the Second Quarter of 2013
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07/30/2013Hess Announces Sale of Its Energy Marketing Business
NEW YORK--(BUSINESS WIRE)--Jul. 30, 2013-- Hess Corporation announced today it has entered into an agreement with Direct Energy, a North American subsidiary of Centrica plc, to sell its Energy Marketing business for a total consideration of $1.025 billion. The Energy Marketing business supplies natural gas and electricity to 23,000 commercial, industrial and small business customers in the eastern half of the United States. The transaction... 
07/08/2013Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jul. 8, 2013-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, July 31, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2013 earnings release. To phone into the conference call, parties in the United States should dial 1-877-703-6109 and enter the pass code 14624998 after 9:45 a.m. Outside the United States, parties should dial 1-857-244-7308 and enter the pass code ... 
06/05/2013Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Jun. 5, 2013-- 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 28, 2013 to holders of record at the close of business on June 17, 2013. Hess Corporation is a leading global independent energy company primarily engaged in the exploration and production of crude oil and natural gas. More i... 
05/16/2013Hess Corporation Announces Results of Annual Meeting
HOUSTON--(BUSINESS WIRE)--May. 16, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today announced voting results from its Annual Meeting of Stockholders held earlier today. At the meeting, stockholders elected the five Company nominees to the Board of Directors: John Krenicki Jr., Fredric Reynolds, William Schrader, Dr. Kevin Meyers and Dr. Mark Williams. In accordance with the Company’s commitment to separate the positions of ... 
05/16/2013Hess and Elliott Reach Resolution to End Proxy Contest
Hess To Add Three Elliott Director Nominees to Board and Elliott Agrees to Support Five Hess Director Nominees Majority of Board To Be Refreshed HOUSTON--(BUSINESS WIRE)--May. 16, 2013-- Hess Corporation (NYSE: HES) (“Hess”) today announced that it has reached an agreement with Elliott Management to resolve its proxy contest. Under the terms of the agreement, Elliott will withdraw its slate of five director nominees and support the ele... 
05/13/2013Hess Proposes Resolution to End Proxy Contest and Move Forward with Market-Endorsed Plan to Create Value
If the Five New, Independent Hess Nominees are Elected, Hess Commits to Adding Two Elliott Nominees NEW YORK--(BUSINESS WIRE)--May. 13, 2013-- Hess Corporation (NYSE: HES) (“Hess” or The “Company”) today issued the following statement: “We are gratified that the vast majority of our shareholders continue to support our plan to transform Hess into a pure play exploration and production company and recognize that our five new, independen... 
05/13/2013Hess Comments on Elliott Letter
Notes that Elliott's Nominees Finally Have Acknowledged that Their Short-Term, Conflicted Compensation Agreement Was Wrong Says Hess’ Five New Independent Director Nominees Will Act in the Best Interests of All Shareholders NEW YORK--(BUSINESS WIRE)--May. 13, 2013-- Hess Corporation (NYSE: HES) (“Hess”) today issued the following statement in response to Elliott’s letter this morning in which its director nominees finally acknowledged ... 
05/10/2013Hess to Separate Chairman and CEO Roles
NEW YORK--(BUSINESS WIRE)--May. 10, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today announced that, after consulting with its shareholders, it will separate the role of Chairman and Chief Executive Officer immediately following its Annual Meeting to be held on Thursday, May 16 in Houston, TX. John Krenicki, former Vice Chairman of GE, has agreed to serve as Non-Executive Chairman, if he is elected together with the other Hess nominees... 
05/06/2013Hess Issues White Paper on ISS Report
Highlights Flaws in ISS’ Analysis Recommends Voting the White Proxy Card for the Election of Hess’ New, Highly Qualified, Independent Nominees NEW YORK--(BUSINESS WIRE)--May. 6, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today released a white paper on the report issued by Institutional Shareholder Services Inc. (“ISS”). The Board recommends that shareholders vote FOR the election of Hess’ highly quali... 
05/06/2013Hess Director Nominees Send Letter to Shareholders
Will Objectively Oversee Continued Value Creation at Hess NEW YORK--(BUSINESS WIRE)--May. 6, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today sent a letter on behalf of the Company’s new, independent director nominees to all of Hess’ shareholders in connection with its 2013 Annual Meeting of Shareholders, to be held on May 16, 2013. The Board recommends that shareholders vote FOR the election of Hess’ highly qualifie... 
05/03/2013Hess Comments on ISS Report
ISS Betrays Own Principles; Flawed Analysis Ignores Key Facts and Hess’ Slate of All New, World-Class Independent Directors Egan Jones Recommends Hess Shareholders Support All of Hess’ New, Independent Director Nominees Hess Urges Shareholders to Protect Value of Investment, Vote for Its Highly Qualified Directors on the White Proxy Card NEW YORK--(BUSINESS WIRE)--May. 3, 2013-- Hess Corporation (NYSE: HES) today commented on t... 
05/02/2013Leading Independent Governance Experts and a Proxy Advisor Raise Concerns over Elliott Pay Scheme
Scheme Misaligns Board Interests and Creates Significant Risk for Hess and Its Shareholders NEW YORK--(BUSINESS WIRE)--May. 2, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today cited statements from leading, independent governance experts and a proxy advisory firm expressing concerns over the unusual contingent bonus scheme that Elliott is using to incentivize its director nominees to pursue its short-term goals for the Compa... 
05/01/2013Hess Comments on Glass Lewis Report
Flawed, One-Sided Recommendation Does Not Reflect Overwhelming Support Hess Transformation Plan Has Received from Shareholders and Independent Wall Street Analysts Glass Lewis Undermines Its Own Analysis; Finds Elliott Compensation Scheme Compromises Independence of Dissident Slate, Creates Divided Board Hess Urges Shareholders Elect All Hess’ New, Independent Director Nominees on the White Proxy Card NEW YORK--(BUSINES... 
04/30/2013Hess Sends Fifth Letter to Shareholders
Elliott’s Flawed Strategy and Misleading Statements Raise Serious Questions for Hess Shareholders Recommends Voting the White Proxy Card for the Election of Hess’ New, Highly Qualified, Independent Nominees NEW YORK--(BUSINESS WIRE)--Apr. 30, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today sent a letter to all shareholders in connection with its 2013 Annual Meeting of Shareholders, to be held on May 16, 2013... 
04/26/2013Hess Closes Sale of Its Interest in Russia
NEW YORK--(BUSINESS WIRE)--Apr. 26, 2013-- Hess Corporation (NYSE: HES) announced today it has completed the sale of 100 percent of its Russian subsidiary Samara-Nafta to OAO LUKOIL for a total consideration of $2.05 billion. Including working capital and other adjustments, total after tax proceeds to Hess based on its 90 percent interest in Samara-Nafta were approximately $1.9 billion. Hess’ total year-to-date proceeds from completed and announc... 
04/25/2013Hess Sends Fourth Letter to Shareholders
Hess Delivers Consensus Beating Q1 2013 Earnings Encourages Shareholders to Continue the Company’s Strong Momentum of Transformation into Pure Play E&P Company Recommends Voting the White Proxy Card for the Election of Hess’ Highly Qualified, Independent Nominees NEW YORK--(BUSINESS WIRE)--Apr. 25, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today sent a letter to all shareholders in connection wit... 
04/24/2013Hess Reports Estimated Results for the First Quarter of 2013
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04/15/2013Hess Sends Third Letter to Shareholders
Urges Shareholders to Support Hess’ Successful Execution of Its Transformation to Pure Play E&P Company Recommends Voting the White Proxy Card for the Election of Hess’ New, Highly Qualified, Independent Nominees NEW YORK--(BUSINESS WIRE)--Apr. 15, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today sent a letter to all shareholders in connection with its 2013 Annual Meeting of Shareholders, to be held on Ma... 
04/11/2013Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Apr. 11, 2013-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 24, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2013 earnings release. To phone into the conference call, parties in the United States should dial 1-866-543-6403 and enter the pass code 94422952 after 9:45 a.m. Outside the United States, parties should dial 1-617-213-8896 and enter the pass code... 
04/04/2013Hess Sends Second Letter to Shareholders
Encourages Shareholders to Preserve the Integrity of the Company’s Transformation and Protect Long Term Value Recommends Voting the WHITE Proxy Card for the Election of Hess’ Highly Qualified, Independent Nominees NEW YORK--(BUSINESS WIRE)--Apr. 4, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today sent a letter to all shareholders in connection with its 2013 Annual Meeting of Shareholders, to be held on May 16, 2013. ... 
04/01/2013Hess Announces Sale of Its Interest in Russia
NEW YORK--(BUSINESS WIRE)--Apr. 1, 2013-- Hess Corporation announced today it has entered into an agreement with OAO LUKOIL to sell 100 percent of its Russian subsidiary Samara-Nafta for a total consideration of $2.05 billion. Based on its 90 percent interest in Samara-Nafta, total after tax proceeds to Hess are expected to amount to approximately $1.8 billion. Samara-Nafta is currently producing 50,000 barrels of oil equivalent per day in the Volga-Ural... 
03/28/2013Hess Closes Sale of Interest in ACG Fields to ONGC Videsh
NEW YORK--(BUSINESS WIRE)--Mar. 28, 2013-- Hess Corporation (NYSE: HES) announced today it has completed the sale of its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. Adjusting for net cash flow received since the Jan. 1, 2012 effective date of sale, after tax net proceeds are $884 million. The BP operated ACG fields, loc... 
03/26/2013Hess Sends Letter to Shareholders
Urges Shareholders to Protect Value of Their Investment by Rejecting Elliott’s Slate Incentivized to Break up the Company Recommends Voting the White Proxy Card for the Election of Hess’ Highly Qualified Nominees NEW YORK--(BUSINESS WIRE)--Mar. 26, 2013-- Hess Corporation (NYSE: HES) (“Hess” or “the Company”) today sent a letter to all shareholders, which accompanied its definitive proxy materials filed in connection with its 2... 
03/04/2013Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Mar. 4, 2013-- 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 29, 2013 to holders of record at the close of business on March 15, 2013. More information on Hess Corporation is available at http://www.hess.com. Source: Hess Corporation Hess Corporation Investor: Jay ... 
03/04/2013Hess Corporation Issues Letter to Shareholders
Announces Culmination of Multi-Year Transformation Into Pure Play E&P Company Names Six New, Highly Qualified Independent Directors Responds to Elliott Management’s Flawed Recommendations NEW YORK--(BUSINESS WIRE)--Mar. 4, 2013-- Hess Corporation (NYSE: HES) (“Hess”) today issued the following letter to all Hess shareholders in connection with the Company’s multi-year transformation to a pure play exploration and production (“E&P”) company and its 2013 Annual Meeting scheduled to b... 
03/04/2013Hess Announces Culmination of Transformation Into Pure Play E&P Company
Focusing on Higher Growth, Lower Risk Portfolio of E&P Assets Exiting Downstream Businesses, Including Retail, Energy Marketing and Energy Trading Returning Capital Directly to Shareholders through Dividend Increase And Share Repurchase Authorization of up to $4 Billion Names Six New, Highly Qualified Independent Directors NEW YORK--(BUSINESS WIRE)--Mar. 4, 2013-- Hess Corporation (NYSE: HES) (“Hess”) today announced several initiatives marking the culmination of its multi-year strat... 
02/28/2013Hess Announces Ghana Drilling Results
NEW YORK--(BUSINESS WIRE)--Feb. 28, 2013-- Hess Corporation (NYSE: HES) announced today it has completed drilling of its seventh consecutive successful exploratory well on the Deepwater Tano/Cape Three Points block offshore Ghana. The Pecan North-1 well, located approximately seven miles northeast of the Pecan-1 well, encountered approximately 40 feet of net oil pay in Turonian aged reservoir. The results of the seven wells are as foll... 
01/30/2013Hess Reports Estimated Results for the Fourth Quarter of 2012
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01/28/2013Hess Announces Receipt of Notices from Elliott
NEW YORK--(BUSINESS WIRE)--Jan. 28, 2013-- Hess Corporation (NYSE: HES) announced today that Elliott Associates, L.P. and its associated entity Elliott International Limited notified Hess this past Friday in writing that they intend to file a Hart-Scott-Rodino Notification and Report Form seeking regulatory clearance to acquire additional Hess shares beyond those they may already own, if any. The correspondence suggests that Elliott may seek t... 
01/28/2013Hess to Pursue Sale of Terminal Network and Exit Refining Business
NEW YORK--(BUSINESS WIRE)--Jan. 28, 2013-- Hess Corporation (NYSE: HES) announced today that it will pursue the sale of its terminal network in the United States. Hess also announced that it will complete its exit from the refining business by closing its Port Reading, New Jersey refinery. The terminal network is located along the U.S. East Coast and has a total of 28 million barrels of storage capacity in 19 terminals, 12 of which hav... 
01/09/2013Hess Schedules Earnings Release Conference Call
NEW YORK--(BUSINESS WIRE)--Jan. 9, 2013-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, January 30, at 10 a.m. Eastern Standard Time to discuss its fourth quarter 2012 earnings release. To phone into the conference call, parties in the United States should dial 1-800-510-9691 and enter the pass code 42859670 after 9:45 a.m. Outside the United States, parties should dial 1-617-614-3453 and enter the pass code 42859670. This conference call will a... 
01/09/2013Hess Corporation Announces 2013 Capital and Exploratory Budget
NEW YORK--(BUSINESS WIRE)--Jan. 9, 2013-- Hess Corporation (NYSE: HES) announced today a 2013 capital and exploratory budget of $6.8 billion, which is down 18 percent from 2012 expenditures of approximately $8.3 billion. Of the $6.7 billion budgeted for Exploration and Production, $2.7 billion (40 percent) is dedicated to unconventional shale resources and the remainder is focused on conventional resources, with $1.85 billion (28 percent) for product...