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Hess Corporation  (HES)
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Hess Corporation Segments

 
Exploration & production
   91.86 % of total Revenue
Refining marketing & shipping
   8.14 % of total Revenue
 

Business Segments (Sep. 30, 2015)
Revenues
(in millions $)
III. Quarter
%
(of total Revenues)
(Sep. 30, 2015)
Income
(in millions $)
III. Quarter
%
(Profit Margin)
Exploration & production
1,671.00 91.86 % -188.00 -
Refining marketing & shipping
148.00 8.14 % 16.00 10.81 %
Total
1,819.00 100 % -172.00 -

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment (Sep. 30, 2015)
Y/Y Revenue
%
III. Quarter
Q/Q Revenue
%
(Sep. 30, 2015)
Y/Y Income
%
III. Quarter
Q/Q Income
%
Exploration & production
-37.6 % -14.44 % - -
Refining marketing & shipping
- 2.07 % - -50 %
Total
-32.08 % -13.3 % - -

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Hess's Exploration & production, Refining marketing & shipping, Total segment. Select each division with the arrow.

  Hess's

Business Segments Description



Exploration and Production

United States. Amerada Hess Corporation operates mainly offshore in the Gulf of Mexico and onshore in Texas, Louisiana and North Dakota.

United Kingdom. The Corporation’s activities in the United Kingdom are conducted by its wholly-owned subsidiary, Amerada Hess Limited.

Norway. The Corporation’s activities in Norway are conducted through its wholly-owned Norwegian subsidiary, Amerada Hess Norge A/S.

Denmark. Amerada Hess ApS, the Corporation’s wholly-owned Danish subsidiary, operates the South Arne Field.

Equatorial Guinea. The Corporation has interests in production sharing contracts covering three offshore blocks, acquired in August 2001.

Malaysia — Thailand. In 2003, the Corporation exchanged its oil and gas assets in Colombia for an additional 25% interest in long-lived natural gas reserves in the joint development area of Malaysia and Thailand, bringing the Corporation’s interest to 50%. This production sharing contract has a gas sales agreement for the sale of the first phase of gas production.

Algeria. The Corporation has a 49% interest in a venture with the Algerian national oil company that is redeveloping three oil fields.

Gabon. Amerada Hess Production Gabon, the Corporation’s 77.5% owned Gabonese subsidiary, has a 10% interest in the Rabi Kounga Field and interests in two other Gabonese fields.

Indonesia. . A natural gas discovery in the Pangkah production sharing contract area is being developed.

Thailand. The Corporation has a 15% interest in the Pailin gas field offshore Thailand. Net production from the Corporation’s interest averaged 52,000 Mcf and 35,000 Mcf of natural gas per day in 2003 and 2002, respectively. Additional appraisal drilling is planned in 2004 on an onshore discovery on Phu Horm Block E5N (AHC 35%).

Azerbaijan. The Corporation has a 2.72% interest in the AIOC Consortium in the Caspian Sea.

Refining and Marketing

Refining. The Corporation owns a 50% interest in the HOVENSA refining joint venture in the United States Virgin Islands with a subsidiary of Petroleos de Venezuela S.A. (PDVSA). In addition, it owns and operates a refining facility in Port Reading, New Jersey.

Port Reading Facility. The Corporation owns and operates a fluid catalytic cracking facility in Port Reading, New Jersey. This facility processes vacuum gas oil and residual fuel oil.

Marketing. The Corporation markets refined petroleum products on the East Coast of the United States to the motoring public, wholesale distributors, industrial and commercial users, other petroleum companies, governmental agencies and public utilities. It also markets natural gas to utilities and other industrial and commercial customers. The Corporation’s energy marketing activities include the sale of electricity. The Corporation has a 50% voting interest in a consolidated partnership that trades energy commodities and derivatives. The Corporation also takes trading positions for its own account.

The Corporation has 22 terminals with an aggregate storage capacity of 21 million barrels in its East Coast marketing areas.

The Corporation has a wholly-owned subsidiary that provides distributed electricity generating equipment to industrial and commercial customers as an alternative to purchasing electricity from local utilities. The Corporation also has invested in long-term technology to develop fuel cells for electricity generation through a venture with other parties.

   

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