Hess Corporation - American vertically integrated oil and gas company. Headquartered in New York. The company owns over 1200 Gas stations mainly on the US East Coast. The company occupies 263 place in Fortune Global 500 behind 2011 year.
History
The company was established in 1919 year. It was originally called Amerada Petroleum Corporation. During the first half of the 1920s, the company was growing steadily, reaching a peak to 1926 year, which Amerada Petroleum completed with a net profit in $4,9 million. but, The Great Depression hit the company hard.
The sharp rise in the post-war years allowed the company to achieve the volume of sales of products in $100 million.
Hess Oil and Chemical, founded by Leon Hess, acquired 10 % Amerada Petroleum's shares 1966 year over $100 million. A few years later the merger of the companies, despite the protest of some of the shareholders of Amerada Petroleum, was completed.
IN 2001 year the company takes over Triton Energy Limited for $3,2 billion, one of the largest independent US oil and gas companies, also actively operating abroad.
IN 2005 year the company enters the Russian market with the acquisition of the Samara-Nafta company.
Company today
Company petrol station in Rensselaer, USA
The company operates in Brazil in addition to the USA, Colombia, Peru, France, Algeria, Of Russia, China and many other countries.
In Russia, the company operates through its subsidiary Samara-Nafta, extracting more than 2 million tons of oil.
IN 2010 year, the average annual rate of hydrocarbon production was 418 thousand. barrels of oil equivalent per day, What's on 2,5% exceeded the level 2009 of the year. The increase in production was due to regions such as North Dakota, Russia and the Gulf of Mexico.
The company together with the Venezuelan Petroleos de Venezuela S.A. owns a refinery in the Virgin Islands with a capacity 0,5 million barrels of oil per day. IN 2010 year the enterprise actually processed on average 402 thousand. barrels per day against 390 thousand in 2009 year. At the beginning 2011 of the year, plans for the modernization of this enterprise were announced, during which the power should decrease somewhat - to 350 thousand. barrels of oil per day.
Hess Corporation owns over 20 oil terminals on the east coast of the United States.
IN 2010 year, together with ArcLight Capital Partners, the construction of a thermal power plant in New Jersey with a capacity of 512 Mw. Commissioning is scheduled for 2012 year.
The company owns a large network of gas stations on the east coast, consisting of 1362 stations.
| A type | Public company |
|---|---|
| Exchange listing | NYSE: HES |
| Year of foundation | 1919 year |
| Former names | Amerada Petroleum Corporation |
| Location |  New York, USA |
| Key figures | John Hess (general manager) |
| Branch | mining of oil and gas |
| Turnover | ▲ $ 33.862 billion (2010 year) |
| Net profit | ▲ $ 2.125 billion (2010 year) |
| Number of employees | 13 776 human (2011 year) |
| Affiliated companies | Samara-Nafta Hess Energy |
| Auditor | Ernst & Young |
| Website | www.hess.com |
