Committed to Sustainability
Responsibly Managing Our Environmental Footprint
Oil and gas are essential to meet the world’s growing energy demand. Hess is committed to developing these resources in an environmentally responsible and sustainable manner. In 2017, we decreased flaring rates by 38% (versus a 2014 baseline).
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Controlling and Reducing Emissions
Hess will continue to take cost-effective, appropriate steps to monitor, measure and reduce emissions through the following actions:
- Setting targets to reduce the carbon intensity of our operations
- Accounting for the cost of carbon in significant new investments
- Applying innovation and efficiency to reduce energy use, waste and emissions across our operations
Safeguarding People and the Environment
Hess' safety programs and practices are designed to promote a culture in which employees and contractors keep each other safe on the job so that everyone across our operations returns home safe every day.
A Goal of Continuous Safety Improvement
We include key enterprise-wide safety metrics in our annual incentive plan formula for executives and employees. We aim for continuous improvement in safety performance, with the ultimate goal of zero safety incidents.
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See What Others are Reading
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Hess Reports Estimated Results for the Third Quarter of 2018
Hess Corporation today reported net income of $52 million, or $0.14 per common share, in the third quarter of 2018, compared to a net loss of $624 million, or $2.02 per common share, in the third quarter of 2017
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Hess Provides Update on Drilling and Development Activities Offshore Guyana
Hess Corporation said today that drilling has begun on the Haimara-1 exploration well offshore Guyana, the first of two planned exploration wells in January. The Stena Carron drillship is drilling the Haimara-1 well, located 19 miles (31 kilometers) east of the Pluma-1 discovery in the southeastern part of the Stabroek Block.
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Hess Announces 2019 E&P Capital and Exploratory Budget
Focus on high return investments to deliver capital efficient production growth and significant future free cash flow. "As we focus spending on our high return investment opportunities, we will continue to reduce our unit costs to drive margin expansion and improve profitability," CEO John Hess said.
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