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History of Hess Corporation

  • 1933

    Leon Hess, age 19, forms Hess Incorporated; purchases a 1926 second-hand 615-gallon oil delivery truck and begins residential delivery, seven days a week, near his home in Asbury Park, N.J.
  • 1937

    Recognizing that large power companies are switching from coal to oil, Leon Hess purchases five additional trucks and expands his business to include post-refinery residual fuel oil.
  • 1938

    First oil terminal site purchased in Perth Amboy, N.J. with facilities to unload barges. Facilities for unloading tankers added three years later.
  • 1947

    Hess expands its distribution and storage capacities, applying lessons learned by Mr. Hess during his U.S. Army experience during World War II as a petroleum supply officer, and his knowledge of the industry.
  • 1948

    Hess purchases first ship, a 10,000-ton tanker.
  • 1952

    Hess purchases First Reserve terminal in Perth Amboy, N.J. The facility, still vital, is now one of 21 terminals operated by Hess in the U.S. and St. Lucia.

  • 1957

    Hess builds its refinery in Port Reading, N.J., adding a Fluid Catalytic Cracking unit in 1961.
  • 1960

    The first Hess-operated gas station opens in New Jersey.
  • 1962

    Hess merges with Cletrac Corporation, a Cleveland, Ohio equipment manufacturer, becomes Hess Oil & Chemical Corporation and is publicly traded on the New York Stock Exchange.
  • 1964

    The first Hess Toy Truck – a toy tanker that can be filled with water and empties through its delivery hose – is offered exclusively at Hess gas stations. Hess begins an annual tradition of offering Hess truck replicas to “provide a fun, high quality and affordable toy for families during the holiday season.”
  • 1967

    Hess Oil & Chemical completes construction of a large refinery on St. Croix, U.S. Virgin Islands. In 1998, the company forms a partnership with Venezuela’s national oil company, Petroleos de Venezuela, and renames the facility HOVENSA. In 2012 HOVENSA announces it was closing the refinery and operating the complex as an oil storage terminal.

  • 1969

    Hess Oil & Chemical Corporation merges with Amerada Petroleum Corporation to become Amerada Hess. By May the following year the company drills its first successful wildcat well in Prudhoe Bay in Alaska’s North Slope.
  • 1972

    Amerada Hess continues to expand its global Exploration and Production profile, adding significant positions in the Gulf of Mexico and the North Sea.
  • 1977

    John B. Hess joins the company. He is elected a director of Amerada Hess the following year.
  • 1981

    With the acquisition of nearly 110,000 acres of land near Williston, the company begins building its position in North Dakota, an asset that will continue to grow and add value for decades to follow.

  • 1995

    Leon Hess retires after six decades of leadership. John B. Hess is named Chairman and Chief Executive Officer of Amerada Hess.

  • 1996

    Exploration and Production continue to be the engine of corporate growth. The company completes development of five high rate of return oil and gas fields in the Gulf of Mexico, the North Sea and Asia Pacific.
  • 2001

    Amerada Hess purchases Triton Energy Limited, and with it a world-class growth opportunity in Equatorial Guinea and a long-term, long reserve-to-production life asset in the Malaysia/Thailand joint development area.
  • 2006

    The company changes its name from “Amerada Hess Corporation” to “Hess Corporation.”
  • 2009

    Hess Exploration and Production continues to grow its reserves, achieving its goal of 10 years reserve life.
  • 2010

    Hess establishes a leading position in shale oil and gas exploration and production with two acquisitions that boost the company's acreage in North Dakota's Bakken formation.

  • 2011

    Hess builds a strategic acreage position in Ohio's Utica Shale through acquisition and joint venture agreements.

  • 2012

    Hess and its partners fire up the Bayonne Energy Center, officially linking the natural gas-fueled power plant in New Jersey to the New York City energy grid.
  • 2013

    Hess announces several initiatives marking the culmination of a multi-year strategic transformation into a pure play exploration and production company.