2012 Hess Miniature Toy Truck Takes Off May 25

Thursday May 17th 2012 01:45:00 PM

NEW YORK (May 17, 2012) – Hess Corporation today announced the latest addition to the company’s Miniature Truck series – a limited edition Hess Toy Truck and Airplane. For the past 15 years, the Miniature Truck series has paid tribute to a popular Hess holiday Toy Truck from the past. This year’s edition, a mini replica of the 2002 18-wheeler flatbed tractor trailer and airplane, features: A tractor trailer with working lights and a flatbed that doubles as a landing pad.  A bi-plane with working rotor and “2012” marked on the cockpit.  A quick-release display base. The 2012 Hess Miniature Truck and Airplane goes on sal...

Hess Reports Estimated Results for the First Quarter of 2012

Wednesday April 25th 2012 07:32:00 AM

Hess Schedules Earnings Release Conference Call

Wednesday April 4th 2012 04:21:00 PM

NEW YORK--(BUSINESS WIRE)--Apr. 9, 2012-- Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 25, at 10 a.m. Eastern Daylight Time to discuss its first quarter 2012 earnings release. To phone into the conference call, parties in the United States should dial 1-866-314-5050 and enter the pass code 78737415 after 9:45 a.m. Outside the United States, parties should dial 1-617-213-8051 and enter the pass code 78737415. This conference call will also be accessible by webcast at www.hess.com (audio only). A replay of the conference call will be available from April 25 through May 9, 2012 by dialing 1-888-286-8010 and entering the pass code 54004...

Hess Explores Sale of St. Lucia Terminal

Monday March 19th 2012 08:00:38 AM

NEW YORK--(BUSINESS WIRE)--Mar. 19, 2012-- Hess Corporation (NYSE: HES) announced today that it is exploring the sale of its St. Lucia crude oil and refined products storage and transshipment terminal in the Caribbean. Hess has retained Goldman Sachs as financial advisor in connection with the potential sale. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. More information on Hess Corporation is available at www....

Greening of Lindsay Park Continues with Selection of Hess for Oil-to-Gas Conversion

Monday March 12th 2012 09:10:14 AM

Lindsay Park Converts to Natural Gas to Cut Costs, Reduce Greenhouse Gas Emissions and Meet NYC Regulations WOODBRIDGE, N.J., March 12, 2012 /PRNewswire/ -- Lindsay Park Housing Corporation in New York City has selected Hess Energy Solutions, part of Hess Corporation (NYSE: HES), to convert its 10 boilers from No. 6 heating oil to cleaner-burning natural gas. Hess is managing the conversion from start to finish, providing turnkey project management and funding as part of a natural gas supply agreement, which eliminates the need for upfront capital or bank financing. In 2011, New York City passed regulations that require building owners to discontinue use of heavy fuel oil...

Hess Announces Regular Quarterly Dividend On Common Stock

Wednesday March 7th 2012 05:21:31 PM

NEW YORK--(BUSINESS WIRE)--Mar. 7, 2012-- 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 30, 2012 to holders of record at the close of business on March 16, 2012. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. More information on Hess Corporation is available at www.hess.com. ...

Hess Introduces Comprehensive Energy Solutions Unit

Wednesday February 22nd 2012 10:04:59 AM

Hess Helps Commercial and Industrial Customers Maximize Energy Savings and Improve Operational Efficiencies WOODBRIDGE, N.J., Feb. 22, 2012 /PRNewswire/ -- Hess Corporation (NYSE: HES) today announced the launch of Hess Energy Solutions, offering comprehensive energy services for commercial, industrial and institutional customers. Building on its expertise in energy markets, Hess Energy Solutions delivers integrated solutions that help organizations save money, reduce energy consumption and make well-informed energy decisions, including fuel conversions, proprietary demand response programs, energy asset optimization, energy efficiency and sustainability, and guaranteed cost energy ma...

Hess Reports Estimated Results for the Fourth Quarter of 2011

Wednesday January 25th 2012 07:30:00 AM

Click here to view release in PDF format. Fourth Quarter Highlights: Net loss was $131 million, compared with net income of $58 million in the fourth quarter of 2010 Net income excluding items affecting comparability between periods was $394 million, compared with $398 million in the fourth quarter of 2010 Results included a previously announced after-tax charge of $525 million related to the shutdown of the HOVENSA L.L.C. refinery Oil and gas production was 367,000 barrels of oil equivalent per day, compared with 420,000 in the fourth quarter of 2010 Year end total proved reserves were 1,573 million barrels; reserve replacement for 2011 was 147 percent NEW YORK--(BUSINESS WIR...

Hess Announces Charge Related to Closure of HOVENSA Joint Venture Refinery

Wednesday January 18th 2012 07:32:00 AM

NEW YORK--(BUSINESS WIRE)--Jan. 18, 2012-- Hess Corporation announced today that it will take a $525 million after-tax charge against its fourth quarter 2011 earnings as a result of the shutdown of the HOVENSA L.L.C. refinery in St. Croix, U.S. Virgin Islands, a joint venture between Hess and Petroleos de Venezuela S.A. Following the shutdown, the complex will operate as an oil storage terminal. HOVENSA said in a release today that its losses at the refinery have totaled $1.3 billion in the past three years alone and were projected to continue. HOVENSA’s losses have been caused primarily by weakness in demand for refined petroleum products due to the global economic slowdown and the additi...

Hess Corporation Announces Capital and Exploratory Budget for 2012

Thursday January 12th 2012 08:10:00 AM

Click here to view release in PDF format. NEW YORK--(BUSINESS WIRE)--Jan. 12, 2012-- Hess Corporation (NYSE: HES) announced today a 2012 capital and exploratory budget of $6.8 billion, nearly all of which is targeted for Exploration and Production: $2.5 billion for unconventionals, $1.6 billion for production, $1.8 billion for developments and $800 million for exploration. John B. Hess, Chairman and CEO, stated, “We believe that the investments we are making in unconventionals are lower risk and will generate long term profitable growth for shareholders. We expect to fund the majority of our 2012 program from internally generated cash flow and asset sales.” Greg Hill, President of World...