Hess Corp.

Hess Corp.

Hess Corp.

Overview
Date Founded

1920

Headquarters

1185 Avenue of the Americas, New York, NY, 10036, USA

Type of Company

Public

Employees (Worldwide)

1,621

Industries

Oil & Gas
Industrial Machinery & Manufacturing
Power & Utilities

Company Description

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

Contact Data
Trying to get in touch with decision makers at Hess Corp.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Executive Vice President, Chief Financial Officer & Chief Accounting Officer

Executive Vice President, General Counsel, Corporate Secretary & Chief Compliance Officer

Chief Audit Executive

Corporate Controller

Chief Tax Executive

Treasurer

Senior Vice President

Senior Vice President, Global Production

Board of Directors

Former Chief Executive Officer at Deloitte LLP

Chief Executive Officer at Hess Corp.

Co-Founder & Co-President at Blue Owl Capital, Inc.

Director at Canadian National Railways

Former Executive Director of Market Development at MLB Advanced Media LP

Future Chief Executive Officer at Johnson & Johnson (Effective 01/2022)

Director at Denbury Inc.

Vice President, Investor Relations at Premcor USA, Inc.

Former Professional at Royal Dutch Shell Plc

Former Chief Operating Officer at TNK-BP Ltd.

Paths to Hess Corp.
Potential Connections via
Relationship Science
You
Hess Corp.
Owners & Shareholders
Details Hidden

PRIMECAP Management aims to provide superior long-term investment results by utilizing fundamental research and bottom-up stock picking to construct portfolios. The firm looks for stocks that will outperform the market over a three to five-year horizon. PRIMECAP Management does not have a committee or small group that decides on whether or not to invest in an idea. Each portfolio manager makes an individual decision whether or not to invest in new ideas.

Details Hidden

Dodge & Cox employs in-house, fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm’s approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

Details Hidden

Barrow, Hanley, Mewhinney & Strauss has a strict definition of value. Our equity portfolios exhibit below-market price-to-earnings ratios, below-market price-to-book ratios, and above-market dividend yields, regardless of market conditions. As a result, each of our clients is assured that we will do our part to maintain the style integrity of their overall portfolio. In fixed income, we define value as temporarily mispriced securities with yield-to-maturity advantages over Treasury bonds of comparable maturity. We identify each opportunity from the bottom up, building a duration-neutral portfolio designed to "out-yield" the market. In this way, Barrow Hanley seeks to achieve higher total returns for our fixed income clients with below-benchmark volatility. Mutual Fund Sub-Advisory Services Stability of investment team, strict adherence to style and uniformity of process are hallmarks of Barrow Hanley. Through an investment in a Barrow Hanley sub-advised mutual fund, individual investors are able to access the research-driven, bottom-up approach to active security selection that is utilized by major pension plans, foundations and endowments, and other institutional investors worldwide. Barrow Hanley currently serves as a sub-advisor to more than 30 equity and fixed income mutual funds. In addition to sub-advising an array of nationally-recognized mutual funds in the U.S., we sub-advise a number of internationally-based funds.

Recent Transactions
Details Hidden

Enerplus Corp. purchases Hess Corp. /Bakken Acreage from Hess Corp.

Details Hidden

BHP Group Plc purchases Hess Shenzi LLC from Hess Corp.

Details Hidden

Hess Midstream Operations LP purchases Hess Infrastructure Partners LP from Global Infrastructure Management LLC, Hess Corp.

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onHess Corp. purchases Triton Energy Ltd.

Legal Advisor

Advised onHess Corp. purchases Triton Energy Ltd.

Legal Advisor

Advised onEnerplus Corp. purchases Hess Corp. /Bakken Acreage from Hess Corp.

Legal Advisor

Advised onHess Corp. purchases American Oil & Gas, Inc. (Inactive)

Legal Advisor

Advised onHess Corp. purchases American Oil & Gas, Inc. (Inactive)

Legal Advisor

Advised onCentrica Plc, Direct Energy Business LLC purchase Hess Corp. /Energy Marketing Business from Hess Corp.

Advisors & Consultants
Advisor

Magellan International, L.P. is the adviser of choice among top professional services firms seeking guidance and counsel on talent acquisition. For over fifteen years, we have helped leading advisory services, management consulting, IT Services firms and Fortune 500 companies navigate the professional services talent pool. By acting as a trusted adviser to both clients and candidates, we leverage our deep experience to build long-standing relationships and facilitate executive level hires that are persistent.

Legal Advisor

Partner at Proskauer Rose LLP

Advisor

Senior Chair at Debevoise & Plimpton LLP

Legal Advisor

Partner at White & Case LLP

Clients

Fairfield University is a private, co-educational undergraduate and master's level teaching-oriented university located in Fairfield, Connecticut, in the New England region of the United States. It was founded by the Society of Jesus in 1942, and today is one of 28 member institutions of the Association of Jesuit Colleges and Universities. The primary objectives of a Fairfield University education are to develop the creative intellectual potential of its students and to foster in them ethical and religious values and a sense of social responsibility.

SUPPORT ORGANIZATION FOR RIDC OF SOUTHWESTERN PENNSYLVANIA, PROVIDING DIVERSIFIED ECONOMIC DEVELOPMENT SERVICES TO BUSINESS AND INDUSTRY.

Key Stats and Financials As of 2020
Market Capitalization
$25.3B
Total Enterprise Value
$24.4B
Earnings Per Share
$-10.15
Revenue
$4.12B
EBITDAMargin
34.08%
Enterprise Value / Sales
5.92x
Enterprise Value EBITDAOperating
17.02x
EBITDA
$1.4B
Three Year Compounded Annual Growth Rate Of Revenue
-8.66%
Total Debt
$9.08B
Total Equity
$6.34B
Net Profit
$-3.09B
Debt TEV
0.37x
TEVNet Income
-7.89x
Non-Profit Donations & Grants
$10K - $15K
2012
$10K - $15K
2011
$5,000 - $10K
2010
Political Donations
Investments
Details Hidden

Hess NEC LLC produces electricity power. The company is headquartered in Newark, NJ.

Details Hidden

Interconnector (UK) Ltd. provides bi-directional gas transport services. It operates as a link in the gas transportation chain between the gas markets in the UK and continental Europe. It offers services to current shippers, technical capacity, business rules, and The Interconnector Shippers Information System. The company was founded in October 1998 and is headquartered in London, the United Kingdom.

Details Hidden

Kellas CATS Ltd. operates gas pipelines and platform services. The company was founded in 2012 and is headquartered in London, United Kingdom.

Investors
Details Hidden

Elliott seeks to generate a return which is as high as is consistent with a goal of minimizing losses during adverse financial market periods. The firm employs a value-added global and multi-strategy trading approach that encompasses a broad range of strategies, including, without limitation: distressed securities, equity-oriented, hedge/arbitrage, commodities trading, other debt, portfolio volatility protection, private equity and private credit, and real-estate-related securities. Elliott is an activist firm and is included in the SharkWatch50 as one of the 50 most prominent and impactful activist investors.

Suppliers
Hornbeck Offshore Services, Inc. (Louisiana) Marine Shipping | Covington, LA

Hornbeck Offshore Services, Inc. (Louisiana) engages in the provision of marine transportation services to exploration and production, oilfield service, offshore construction, and military customers. It owns and operates fleets of offshore support vehicles and multi-purpose support vehicles. The company was founded by Todd M. Hornbeck and Larry D. Hornbeck in June 1997 and is headquartered in Covington, LA.

H&R Real Estate Investment Trust Real Estate Investment Trusts | Toronto, Canada

H&R Real Estate Investment Trust operates as an open-ended investment company. The firm engages in the ownership and management of retail properties, industrial properties, residential properties and development properties. It operates through the following segments: Office, Retail, Industrial and Residential. The company was founded on November 4, 1996 and is headquartered in Toronto, Canada.

SL Green Realty Corp. Trusts & Funds | New York, New York

SL Green Realty Corp. operates as a real estate investment trust. The firm engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties. It operates through the Real Estate, and Debt & Preferred Equity Investments business segments. The Real Estate segment consists of security, maintenance, utility costs, real estate taxes, and at certain properties ground rent expense. The Debt & Preferred Equity Investments segment includes cash flow from operations, cash on hand, and other forms of secured or unsecured financing. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.

Awards & Honors
Rank #394
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #394
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Hess Corp.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Hess Corp.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Hess Corp..