Wednesday, August 21st 2019

HES - Hess

Hess Corporation (NYSE:HES) was formed as the Amerada Corporation in 1919 or 1920, it was initially a holding company for its major subisidiary the Amerada Petroleum Corporation.

The company works through its two major business operations: Exploration and Production and Marketing and Refining, where it is involved with crude oil and natural gas exploration, production, acquisition, transportation and marketing of the fuel and energy products.

Hess made one of its major deals of its history when it acquired Triton Energy Limited in 2001 for approximately $3.2 billion in a cash tender deal.

Exploration and production takes place primarily in Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the United Kingdom, and the United States.

The company is based in New York, New York
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