Description

Hess Corporation operates as an exploration and production (E&P) enterprise, actively involved in the discovery, development, extraction, procurement, transportation, and sale of crude oil, natural gas liquids (NGLs), and natural gas. Its business is structured into two primary divisions: Exploration and Production, and Midstream. The company's production efforts are primarily carried out in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. Concurrently, its exploration endeavors are focused offshore Guyana, within the U.S. Gulf of Mexico, and off the coasts of Suriname and Canada. Through its Midstream segment, Hess undertakes the gathering, compression, and processing of natural gas; the fractionation of NGLs; the collection, terminaling, loading, and rail transportation of crude oil and NGLs; and the storage and terminaling of propane, in addition to offering water handling services, predominantly in the Bakken Shale formations located in North Dakota's Williston Basin. As of December 31, 2021, Hess reported total proved reserves totaling 1,309 million barrels of oil equivalent. The corporation was founded in 1920 and its principal office is situated in New York, New York.