Diversity MBA Magazine - Summer 2008 - (Page 59)

EMPLOYER PROFILE HESS CORPORATION Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of petroleum products. Hess Corporation (NYSE: HES), with $32 billion in revenue, ranks 77th on the Fortune™ list of largest companies in the United States. Our operations stretch across six continents and into 19 countries. We are fully integrated, from finding and producing oil and gas to refining and marketing a range of energy products for consumers and businesses. Natural Gas Production (mmcf): 613 Total Production (boe/d): 377 Refined Products Sold (bbls): 451 CORPORATE OVERVIEW Fast Facts We operate two refineries: Port Reading, NJ, and HOVENSA, a joint venture in St. Croix, U.S. Virgin Islands. HOVENSA is one of the world’s largest and most sophisticated, capable of meeting the most stringent environmental standards for clean-burning gasoline. We are a leader in gasoline and convenience store retailing with 1,371 locations stretching from Massachusetts to Florida in the U.S. The majority feature the award-winning Hess Express® concept. We pioneered the use of seismic technology on which the modern industry is founded, and are still an innovator with seismic techniques and petroleum systems. We are the leading non-utility supplier of energy to commercial and industrial customers on the East Coast of the U.S. and the third leading supplier of electricity in the entire country among non utilities. Our innovative secondary and tertiary drilling and production methods are reviving oil and gas reservoirs previously thought to be nearing the end of their useful life. We have 11 promising projects coming on stream over the next three years that will add significant new reserves and production capacity. FUTURE Our strategy is to achieve sustainable growth by: Building a portfolio of assets that will sustain financial performance and provide long-term profitable growth. Growing reserves and production profitably by: – upgrading the global portfolio – delivering exploration success executing developments Pursuing attractive investment opportunities that extend reserve life while maintaining capital discipline and financial flexibility. Maximizing financial returns from our existing downstream assets and selectively grow retail operations. BY THE NUMBERS Overview Employees: 14,000 Retail Stations/C-Stores: 1,371* Terminals: 22 Refineries: 2 Major Developments: 11** Acreage under License: 25.5 million net ENVIRONMENT, HEALTH & SAFETY We are guided by our Health, and Safety, Environmental, and Social Responsibility Policies. These policies and the management systems that support them, ensure business is conducted with due regard to the health and safety of employees, contractors and customers in an environmentally-sound manner and in a spirit of partnership with the countries and communities in which we work. Hess publishes an annual report of its performance, which is available on our web site at www.hess.com. Hess Express is a trademark of Hess Corporation. Fortune is a trademark of Time-Warner. 59 Financial ($ Millions) Total Assets: 26,131 Total Debt: 3,980 Stockholders’ Equity: 9,774 Sales/Operating Revenues: 31,647 Net Income: 1,832 Capital Expenditures (inc. Acquisitions): 3,926 Operating (Thousands/Day) Crude Oil and NGL Production (bbls): 260 June 2008 Top 1 0 0 Unde r 5 0 D i ve rse Le ade rs http://www.hess.com

Table of Contents Feed for the Digital Edition of Diversity MBA Magazine - Summer 2008

Diversity MBA Magazine - Summer 2008 Contents Letters to the Editor In Your Own Hands Editor's View Find Your Power Voice Business Briefs Off the Shelf The Fourth Annual Top 100 Under 50 Diverse Corporate Executives Negotiation: The Art of Persuasion or Zero Sum Game? Career Planning for Tomorrow's Hispanic Workforce Who's Who In Diversity Entrepreneur Profile: Anita Santiago: Doing It Her Way Businesses that Keep On Giving Rising Sun Going Global: Will An International Assignment Benefit Your Career Work-Life Balance and the C-Suite: An Oxymoron? A Call to Save Travel: Off the Beaten Path - Chile Drawing the Line – Latin Art Exhibit The New Taste of Latin Cuisine American Sabor: Exhibit Highlights Latino Influence in Pop Music Crafting Specialized Business Degrees Latest MBA Salary Suggests MBA Is A Safe Haven Gadgets & Gizmos Gone Phishing – How Scammers Mine Private Data From Web Surfers Advertiser's Index The Meaning of Sanctuary

Diversity MBA Magazine - Summer 2008

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