Hess 2007 Annual Report Download

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Please find the complete 2007 Hess annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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2007 Annual Report

Table of contents

  • Page 1
    2007 Annual Report

  • Page 2
    ... impact in the communities in which we do business. TABLE OF CONTENTS 1 Financial Highlights 2 Letter to Stockholders 4 Exploration and Production 8 Marketing and Refining 10 Corporate and Social Responsibility 12 Board of Directors and Corporate Officers Cover: Okume Complex, Equatorial Guinea

  • Page 3
    ... 49.57 OPERATING - FOR THE YEAR Production-net Crude oil and natural gas liquids (thousands of barrels per day) United States International Total Natural gas (thousands of Mcf per day) United States International Total Barrels of oil equivalent (thousands of barrels per day) Marketing and Refining...

  • Page 4
    ... in a JOHN B. HESS Chairman of the Board and Chief Executive Officer challenging environment with $193 million in earnings. • Energy Marketing experienced strong growth in sales and margin improvements in natural gas and electricity. • Retail Marketing showed increases in both fuel sales and...

  • Page 5
    ...year and increased natural gas sales. employees. We are grateful to our Board of Directors for their outstanding leadership and guidance. We especially want to thank you, our stockholders, for your continued interest and support. JOHN B. HESS Chairman of the Board and Chief Executive Officer March...

  • Page 6
    Ujung Pangkah Field, Indonesia

  • Page 7
    ..., with engineering completion expected in the first half of 2008. Currently the company is operating four rigs in the field. In the United Kingdom North Sea, natural gas production from the Atlantic (Hess 25%) and Cromarty (Hess 90%) Fields added to our production growth. The Hess operated Cromarty...

  • Page 8
    ... acreage. Hess also committed to the application of an electro-magnetic survey offshore Ghana. Successful exploitation drilling in the United States, EXPLORATION 2007 was a significant year for new acreage capture, appraisal activity and exploration drilling, as the company continued to build for...

  • Page 9
    Shenzi tension leg platform in Korea on way to Gulf of Mexico

  • Page 10
    HESS EXPRESS, South Carolina

  • Page 11
    ...history. added new tanks to support expanded distribution of gasoline and ethanol in U.S. Southeast markets. Our marine bunker fuels business expanded its port locations and doubled its customer base to more than 200 customers, ranging from bulk carriers to cruise lines in the New York, Philadelphia...

  • Page 12
    Hess sponsored school in Indonesia

  • Page 13
    .... The company also continued to provide assistance in the areas of education, health and community development in Azerbaijan, Algeria, Denmark, Indonesia, Malaysia, Russia, Thailand, the United Kingdom and the United States. Education program in Equatorial Guinea energy conservation and management...

  • Page 14
    ... Chairman of the Board of Directors, Johnson & Johnson (1) Member of Executive Committee (2) Member of Audit Committee (3) Member of Compensation and Management Development Committee (4) Member of Corporate Governance and Nominating Committee CORPORATE OFFICERS John B. Hess Chairman of the Board...

  • Page 15
    ... OPERATING OFFICES Exploration and Production Hess Corporation One Allen Center 500 Dallas Street Houston, Texas 77002 Hess Limited The Adelphi Building 1-11 John Adam Street London WC2N 6AG England Marketing and Refining Hess Corporation 1 Hess Plaza Woodbridge, New Jersey 07095 Hess Website www...

  • Page 16
    1185 Avenue of the Americas New York, New York 10036 www.hess.com