Hess Corporation

NYSE: HES

Updated Mar 30, 2026

Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.

Upstream · Independent E&P

Hess Corporation

HES

Hess Corporation is a leading global independent E&P company with a world-class asset in Guyana and significant operations managed from Houston.

Founded: 1933
Employees: 5,700+
Revenue: $10.5 billion (2023)
HQ: Houston, TX (operational HQ)

Guyana OperationsBakken ShaleDeepwater Gulf of MexicoSoutheast Asia

Hess Corporation is a global independent energy company engaged in the exploration and production of crude oil and natural gas. While historically headquartered in New York, the company maintains extensive operations and a major presence in Houston. Hess holds a 30% interest in the prolific Stabroek Block offshore Guyana, one of the largest oil discoveries of the past decade, operated by ExxonMobil. Chevron announced an agreement to acquire Hess in 2023.

Headquarters

Houston, TX (operational HQ)

Founded

1933

Employees

5,700+

Revenue

$10.5 billion (2023)

CEO

Acquired by Chevron (2024)

Website

hess.com

History of Hess Corporation

Leon Hess founded the company in 1933 as a petroleum delivery business. Over the decades, Hess grew into a fully integrated oil company with exploration, refining, and retail operations. In the 2010s, the company divested downstream and midstream assets to focus purely on E&P. The Guyana discovery transformed Hess into one of the most valuable E&P companies globally.

Operations & Business Segments

Hess operates in Guyana (Stabroek Block, 30% interest), the Bakken Shale in North Dakota, the Gulf of Mexico (deepwater), and Southeast Asia (Malaysia and JDA). The Stabroek Block has over 11 billion barrels of discovered recoverable resources across multiple world-class discoveries.

Headquarters Location

Houston, TX (operational HQ)

Key Specialties & Capabilities

Guyana OperationsBakken ShaleDeepwater Gulf of MexicoSoutheast AsiaExplorationCapital Discipline

Frequently Asked Questions About Hess Corporation

Why is Hess Corporation important in Houston?▾

Hess maintains major operational offices in Houston and its flagship Guyana asset is operated by Houston-based ExxonMobil. Chevron's pending acquisition would fully integrate Hess into Houston's energy ecosystem.

What is Hess's Guyana asset?▾

Hess holds a 30% interest in the Stabroek Block offshore Guyana, which has over 11 billion barrels of discovered recoverable resources — one of the most significant oil discoveries of the 21st century.

Is Chevron buying Hess?▾

Chevron announced an agreement to acquire Hess Corporation in October 2023. The deal, valued at approximately $53 billion, is subject to regulatory approval.

What does Hess Corporation do in Houston?▾

Hess Corporation is a upstream company based in Houston, TX (operational HQ). Hess Corporation is a leading global independent E&P company with a world-class asset in Guyana and significant operations managed from Houston.

Where is Hess Corporation headquartered?▾

Hess Corporation is headquartered in Houston, TX (operational HQ), founded in 1933. The company operates in Houston's energy corridor as part of the upstream sector.