Search results
Results from the WOW.Com Content Network
Hess Oil and Chemical was founded in 1933 by Leon Hess as an operation out of Asbury Park, New Jersey that sold refining leftovers to hotels as heating fuel. [4] [9] In 1938, he purchased land in Perth Amboy for his first oil storage terminal and in 1958 opened the company's first refinery, located in Port Reading. [11]
In 2000, Hess acquired the remainder of the Meadville Corporation and rebranded its 178 Merit gas stations as Hess. [3] Those stations became part of Marathon Petroleum 's Speedway brand due to the latter company's purchase of Hess's retail assets in 2014. 7 years later, Japanese-based Seven & I Holdings purchased Speedway, making those ...
In 1964, the Hess Company began making small replicas of their trucks to give to customers. The first tanker truck sold for $1.39 in 1964 and is now worth nearly $2,500. [5] [6] The 2014 model was the final Hess Truck to be sold at their gas stations before transitioning to Speedway.
For premium support please call: 800-290-4726 more ways to reach us more ways to reach us
The Chevron deal won’t put an end to the holiday tradition.
HOUSTON (Reuters) -Hess shareholders on Tuesday approved the proposed $53 billion merger with Chevron that paves the way for the No. 2 U.S. oil company to gain a prize asset and a foothold in ...
In May 2014, Speedway announced they would purchase Hess Corporation's retail business for $2.6 billion. Hess has 1,342 locations along the Eastern United States. [26] Some Hess stations in the Northeastern United States originated as Merit Oil stations until Hess bought the company in 2000.
Hess is an independent energy company engaged in the exploration and production of crude oil and natural gas, with a position in a key U.S. shale play—the Bakken in North Dakota. Hess is also one of the largest producers in the deepwater Gulf of Mexico and a key natural gas producer and supplier to Peninsular Malaysia and Thailand. [5]