12 Facts About Hess Corporation

Leon Hess Corporation served as CEO from the early 1960s through 1995, after which his son John B Hess Corporation succeeded him as chairman and CEO.

In February 2000, Hess acquired the Meadville Corporation and rebranded all 178 Merit gas stations as Hess.

In 2001, Amerada Hess Corporation purchased Triton Energy Limited in a cash tender deal valued at approximately US$3.

Amerada Hess Corporation struggled through the following years, and in 2002 posted a US$218 million loss due primarily to a US$530 million charge relating to its write-down of the Ceiba oil field.

From 2003 through 2006, Amerada Hess Corporation posted steadily increasing profits as the company reported US$1.

Related searches

Gas prices had risen to their highest levels since October 2012 and Hess Corporation said it would lay off 170 of 217 employees at the plant, exit the refinery business and look for a buyer for its 19 storage terminals.

In July 2013, Hess Corporation Corp said it would sell its energy marketing unit to UK firm Centrica for around $1.

In October 2013, Hess Corporation Corp announced plans to sell its East Coast and St Lucia storage terminal network to Buckeye Partners LP for $850 million.

In December 2013, Hess Corporation Corp announced that it was selling its Indonesian assets to an Indonesian petroleum consortium.

In 2014, Hess Corporation completed a multi-year transformation to be recognized as an exploration and production company by exiting all downstream operations, generating approximately $13 billion from assets sales beginning in 2013.

Immediately, Hess Corporation assumed responsibility for the cleanup; the Coast Guard worked alongside the Red Star company to clean and to contain the spill to one area.

The conversion from Hess Corporation branding to Speedway branding took place over the course of 2015.