Description

Hess Corporation is a prominent energy company primarily engaged in the exploration and production (E&P) of hydrocarbons. Its integrated operations cover the entire value chain for crude oil, natural gas liquids (NGLs), and natural gas, encompassing discovery, development, extraction, acquisition, transportation, and sales. The company's business is organized into two core segments: Exploration and Production, and Midstream. Production activities are strategically located in key regions such as the United States, Guyana, Malaysia, and the Malaysia/Thailand Joint Development Area. Simultaneously, exploration ventures are focused on promising offshore areas, including Guyana, the U.S. Gulf of Mexico, Suriname, and Canada. Complementing its E&P efforts, Hess also operates a significant midstream infrastructure, with a particular emphasis on the Bakken Shale in North Dakota's Williston Basin. This segment handles the gathering, compression, and processing of natural gas, the fractionation of NGLs, and the comprehensive management (gathering, terminaling, loading, and rail transport) of crude oil and NGLs. It also provides propane storage and terminaling, along with water handling services in the area. As of December 31, 2021, the company's total proved reserves amounted to 1,309 million barrels of oil equivalent. Founded in 1920, Hess Corporation is headquartered in New York City.