Amerada Petroleum Corporation

Hess Corporation is an 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.