Hess (NYSE:HES) is a global exploration and production company engaged in the discovery and development of crude oil and natural gas resources. Founded in 1933 as Hess Oil and Chemical Company by Leon Hess, the firm evolved through a merger with Amerada Petroleum in 1968 and adopted its current name in 2006. Over the decades, Hess has streamlined its operations to focus on upstream activities, divesting its downstream refining and marketing assets to concentrate on exploration, development and production of hydrocarbons.
The company’s exploration and production portfolio spans key hydrocarbon basins in North America and select international offshore regions. In the United States, Hess holds working interests in the Bakken shale play of North Dakota and operates assets in the deepwater U.S. Gulf of Mexico. Internationally, Hess is a principal partner and operator of the prolific Stabroek Block offshore Guyana, where multiple large discoveries have propelled the company into a position of leadership in a rapidly emerging basin. The company also maintains interests in exploration ventures in Malaysia and other select offshore areas, leveraging advanced seismic imaging and drilling technologies to optimize resource recovery.
Hess employs a disciplined, risk‐focused approach to project development, emphasizing cost control, environmental responsibility and safety throughout all phases of operations. The company integrates state-of-the-art drilling techniques, real-time data analytics and subsea engineering solutions to improve operational efficiency and reduce environmental impact. Hess also pursues strategic partnerships with national oil companies and international energy majors to share expertise and capitalize on large‐scale development opportunities.
Leadership at Hess is guided by Chairman and Chief Executive Officer John B. Hess, who has overseen the company’s transformation into a pure‐play exploration and production enterprise. Supported by a senior management team with extensive technical and commercial experience, Hess maintains a focus on delivering consistent operational performance and pursuing long-term value through disciplined capital allocation and sustainable resource development. The company’s headquarters are located in New York City, and it employs a global workforce dedicated to safe, efficient and environmentally responsible energy production.
