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Company Profile - Amerada Hess Corporation

1185 Avenue of the Americas
New York, NY 10036

Phone: 212-997-8500
Fax: 212-536-8390
Website: www.hess.com
Ticker Symbol: AHC

Key Facts

Leader in the use of computer-aided 3-D geophysical modeling.
Holds a 50 percent stake in HOVENSA, a refining venture with Petroleos de Venezuela.
Key Financial Facts
2001 revenue: $13,413 million
1-yr. growth rate: 12 percent

Personnel Highlights
Number of employees: 10,838
1-yr. growth rate: 10 percent

Company Overview
One of the smallest of the integrated oil and gas companies, Amerada Hess manages to hold its own in the international petroleum industry, with exploration, refining, marketing, and production operations in the United States, Europe, Asia, Africa, South America, and the Caribbean. Sixty percent of the company’s reserves are in the U.S. and North Sea.

Amerada Hess explores for oil and gas both onshore and offshore, transports crude oil and refined products via tankers and other specialized vessels, and markets fuel oil, gasoline, and other petroleum products to industry and consumers. Consumers may be most familiar with the nearly 1,150 Hess retail service stations and convenience stores.

The company is currently refocusing its energies on exploration and production. It increased its proved oil reserves by 25 percent, to 955 million barrels through the $3.2 billion acquisition of Dallas-based Triton Energy.

Major Line of Business :Energy & Utilities, Oil & Gas

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