Amerada Hess Corporation explores for, produces, purchases, transports and sells crude oil and natural gas. The company refines oil as well. Its exploration and production take place primarily in the United States, the United Kingdom, Norway, Denmark, Equatorial Guinea, Gabon, Indonesia, Thailand and Azerbaijan. Amerada’s proved reserves contain about 640 million barrels and 2.4 billion cu. ft of natural gas. In addition, it owns 50% of a refinery joint venture, called the Hovensa refinery, with Petroleos de Venezuela in the United States Virgin Islands; it also owns a fluid catalytic refining facility in Port Reading in New Jersey. The firm has terminals and retail outlets along the East Coast of the U.S. It has approximately 1,254 Hess gas stations and convenience stores from Massachusetts to Florida. Amerada markets refined petroleum products on the East Coast to the motoring public, wholesale distributors, industrial and commercial users, other petroleum companies, governmental agencies and public utilities. Through its subsidiaries, the company sells natural gas and electricity to utilities and other industrial and commercial customers. In October of 2005, Amerada made an agreement with the Apache Corp. to acquire a majority share of a deep water Mediterranean Sea section belonging to Egypt. The firm will add this resource to the deepwater operations it runs in the North Sea and the Gulf of Mexico.

Amerada forms its employees into small work units, resulting in an emphasis on teamwork and progress. It promotes from within, based on merit. Benefits for employees include cash bonuses, tuition assistance, subsidized on-site dining and work life programs. It recruits several MBAs yearly.

CONTACTS:
Note: Officers with more than one job title may be intentionally listed here more than once.

Stock Ticker:
AHC