Hess Corporation is a leading global independent energy company primarily engaged in the exploration and production (E&P) of crude oil and natural gas. Founded in 1933 by Leon Hess, the company began as a small fuel oil delivery business in New Jersey during the Great Depression, starting with a single 1926 Mack truck[1][7]. Over the decades, Hess evolved significantly, merging with Amerada Petroleum Corporation in 1968 to form Amerada Hess Corporation, combining upstream exploration expertise with downstream refining and marketing operations[2][5]. The company formally adopted the name Hess Corporation in 2006 to reflect its streamlined focus[2]. Hess historically operated as a fully integrated oil company, running refineries, gas stations, and wholesale fuel operations across the United States and internationally. However, beginning in 2014, Hess transformed into a pure-play exploration and production company by divesting its downstream assets, including refineries and retail gas stations, to focus on higher-margin upstream activities[1]. This shift enabled Hess to concentrate on resource-rich regions. A major milestone for Hess was its 2015 discovery of the Liza oil field offshore Guyana in the Stabroek Block, which has yielded over 11 billion barrels of gross discovered recoverable resources, fundamentally reshaping the company’s asset base and future production outlook[1][6]. Hess is also a significant operator in the Bakken shale in North Dakota, the deepwater Gulf of Mexico, and has natural gas operations in Southeast Asia. Currently, Hess is a publicly traded company (NYSE: HES) with a 2022 revenue of about $11.3 billion and around 1,600 employees[3]. It is led by CEO John B. Hess, son of the founder, who holds a significant ownership stake[3]. As of 2023-2024, Hess announced a landmark $53 billion acquisition agreement with Chevron Corporation, aimed at combining Hess’s prolific Guyana assets with Chevron’s global portfolio