Hess Corp.

Hess Corp.

Hess Corp.

Overview
Date Founded

1920

Headquarters

1185 Avenue of the Americas, 40th Floor, New York, NY, 10036, USA

Type of Company

Public

Employees (Worldwide)

1,775

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

Senior Vice President, Chief Financial & Accounting Officer

Secretary, Chief Compliance Officer & Senior Vice President

Chief Audit Executive

Senior Vice President & Chief Executive Officer, Hess LNG LLC

President & Chief Operating Officer, Exploration & Production

Controller

Chief Tax Executive

Treasurer

Assistant Treasurer

Board of Directors

Chief Executive Officer at Wells Fargo Bank, National Association

Chief Executive Officer at Hess Corp.

Director at Canadian National Railways

New Jersey Resources Corp.

Vice Chairman at Johnson & Johnson

Former Executive Vice President & Head, Emerging Markets & International Affairs Group at Federal Reserve Bank of New York

Co-Founder & President at Owl Rock Capital Partners LP

Former President at ConocoPhillips Canada Resources Corp.

Former Executive Vice President & Head-International Operations at Pioneer Natural Resources Co.

Former Chief Operating Officer at TNK-BP Ltd.

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

Details Hidden

H&W employs an active, team-based investment approach driven by fundamental research and bottom-up security selection. The firm offers value equity investment strategies across the market-cap spectrum, as well as strategies that emphasize income generation. Their investment focus is on equity securities, fixed-income securities, options, derivatives and other securities, depending on the investment objective of the client. H&W seek to invest in stocks whose future prospects are misunderstood or are not fully recognized by the market. For investments in fixed income securities, H&W develops an outlook for credit markets, interest rates, currency exchange rates and the economy, analyzes individual credit and call risks, and uses other security selection techniques. The proportion of assets allocated to investment in securities with particular characteristics (such as quality, sector, interest rate or maturity) varies based on the firm's outlook for the US economy and the economies of other countries in the world, the financial markets and other factors. H&W's capital income strategies invest in equity and high yield fixed income securities that generate current income and are attractively valued. The allocation between high yield and equity can vary over time depending on where the firm identifies compelling opportunities. For hedged value strategy, H&W invests in long and short positions in securities consisting principally, but not solely, of publicly traded US and non-US equity and equity-related securities. The firm may also invest in preferred stocks, private securities, convertible securities, warrants, options (including covered and uncovered puts and calls and overthe-counter options), futures, swaps and other derivative instruments, bonds and other fixed income securities, ETFs, mutual funds and money market instruments. They also engages in short selling, margin trading, hedging and other investment strategies. H&W is a signatory to the United Nations-supported Principles for Responsible Investment (UNPRI).

Details Hidden

DZ PRIVATBANK is a value-based, long-term oriented manager which provides tailored investment and asset management services where client assets are invested in a broadly diversified portfolio of bonds and equities, which accounts for about 70 percent of the total investment and provides a basic yield with sufficient stability. The firm's experienced portfolio specialists and analysts monitor a wide range of material bond issuers, equities and commodities, as well as currencies in major economies around the world, providing a solid foundation for the value of client assets.

Recent Transactions
Details Hidden

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

Details Hidden

Global Infrastructure Management LLC, Hess Infrastructure Partners LP purchase Hess Corp. /Bakken Water Bus from Hess Corp.

Details Hidden

Aker Energy AS purchases Hess Corp /Deepwater Tano Cape Three Points Block from Hess Corp.

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Accountant

Advised onHess Corp. purchases Triton Energy Ltd.

Investment Advisor

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

Legal Advisor

Advised onHess Corp. purchases Triton Energy Ltd.

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

Partner 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 2019
Market Capitalization
$13.5B
Total Enterprise Value
$27.5B
Earnings Per Share
$-1.37
Revenue
$6.49B
TEVNet Income
-67.36x
Debt TEV
0.29x
Total Equity
$9.71B
Total Debt
$7.93B
Net Profit
$-408M
Enterprise Value Sales
4.23x
Enterprise Value EBITDAOperating
9.72x
EBITDAMargin
42.7%
EBITDA
$2.77B
Three Year Compounded Annual Growth Rate Of Revenue
10.89%
Five Year Compounded Annual Growth Rate Of Revenue
-9.24%
Non-Profit Donations & Grants
$1,001 - $2,499
2019
$15K - $50K
2019
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

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

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 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 is an open-ended investment trust company, which engages in the ownership and management of retail properties, industrial properties, residential properties, and development properties. It operates through the following business 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 and 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 and 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..