Hess 2005 Annual Report Download

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2005
Annual Report

Table of contents

  • Page 1
    2005 Annual Report

  • Page 2
    TABLE OF CONTENTS Financial Highlights Letter to Stockholders Exploration & Production Marketing & Refining Corporate and Social Responsibility Board of Directors and Corporate Officers 12 10 1 2 4 8 COVER: DRILLING OPERATIONS IN EQUATORIAL GUINEA

  • Page 3
    ... thousands FINANCIAL - AT YEAR-END Total assets Total debt Stockholders' equity Debt to capitalization ratio(a) Common stock price OPERATING - FOR THE YEAR Production - net Crude oil and natural gas liquids - thousands of barrels per day United States Foreign Total Natural gas - thousands of Mcf per...

  • Page 4
    ... our field developments, building a high-impact exploration program and capturing long-term growth opportunities through several new country entries. Our proved reserves increased to 1.1 billion barrels of oil equivalent at year-end, and we replaced approximately 140% of our production at a finding...

  • Page 5
    ... Katrina and Rita, the Corporation and our employees donated $1.6 million to the American Red Cross to assist in the relief efforts in the Gulf Coast. In addition, the Corporation donated 50,000 of our 2005 Hess Toy Trucks to the United States Marine Corps Reserve Toys for Tots program, which were...

  • Page 6
    ... barrels of proved reserves. Net production from this region is expected to grow to between 12,000 and 15,000 barrels per day in 2006 from 6,000 barrels per day in 2005. In North Dakota, Amerada Hess is the leading oil and gas producer in the State. In 2005, the Corporation acquired an additional 64...

  • Page 7
    TENSION-LEG PLATFORM FOR OKUME COMPLEX UNDER CONSTRUCTION IN KOREA

  • Page 8
    ...potential to add significant reserves and create substantial value for the Corporation. Our international exploration portfolio is growing. In 2005, we enhanced our prospect portfolio, adding offshore acreage in Libya, Egypt and Brazil. In 2006 we will focus on acquiring, processing and interpreting...

  • Page 9
    Exploration & Production: Global Operations 7

  • Page 10
    ..., our Supply and Terminal operations managed to keep our HESS Retail and Energy Marketing customers supplied with refined products. ENERGY MARKETING Our Energy Marketing business is an important supplier of natural gas, fuel oil and electricity to commercial and industrial customers located on the...

  • Page 11
    REFINERY IN ST. CROIX, U.S. VIRGIN ISLANDS

  • Page 12
    ... Hess Toy Trucks to the United States Marine Corps Reserve Toys for Tots program. The Corporation works voluntarily with international organizations in support of human rights, environmental protection and good governance. In 2005 we published our eighth annual report on Environment, Health, Safety...

  • Page 13
    U.S. MARINE CORPS RESERVE TOYS FOR TOTS PROGRAM

  • Page 14
    ... Governor, State of New Jersey Frank A. Olson (2) (3) Former Chairman of the Board and Chief Executive Officer, The Hertz Corporation J. Barclay Collins, II Executive Vice President and General Counsel Member of Executive Committee Member of Audit Committee Member of Compensation and Management...

  • Page 15
    ...Transfer Agent The Bank of New York Shareholder Relations Department-11E P.O. Box 11258 Church Street Station New York, New York 10286 1-800-524-4458 e-mail: [email protected] OPERATING OFFICES Exploration and Production Amerada Hess Corporation One Allen Center 500 Dallas Street Houston...

  • Page 16
    AMERADA HESS CORPORATION 1185 Avenue of the Americas New York, New York 10036 http://www.hess.com

  • Page 17
    AMERADA HESS 2005 ANNUAL REPORT