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Hess Oil and Chemical was founded in 1933 by Leon Hess as an operation out of Asbury Park 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]
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 ...
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 ...
Federal regulators are alleging a major oil company CEO conspired with foreign governments to keep oil and gas prices high. On Monday, the Federal Trade Commission (FTC) filed a complaint against ...
Hess Tower is a 29-story building located adjacent to Discovery Green park in downtown Houston, Texas. [3] It was formerly called Discovery Tower until Hess Corporation leased the entire tower in January 2009. [3] The global architectural firm Gensler designed the building. [2]
Hess became chairman and CEO of Hess Corporation in 1995. He stepped down as chairman in May 2013, retaining his position as CEO. [6] In September 2024, the Federal Trade Commission conditioned approval of the company’s $53 billion acquisition by Chevron Corporation on Hess being prohibited from serving on the company's board due to his past communications with OPEC.
Chevron warned Monday that its pending $53 billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil and a Chinese national oil company, which both hold ...
Hess Corporation announced it would vacate approximately 500,000 square feet (46,000 m 2) of space in the complex when a new office tower in the east side of Downtown Houston opened. [10] Major renovations to the property were completed in March 2021; these included new lobbies, bike storage, and a suite of rooms designated for breastfeeding ...