Eric Fishman will become Vice President & Treasurer of Hess Corp. effective September 1. Fishman, who is currently Treasurer, Marketing and Refining, joined Hess in 2007 as Assistant Treasurer, Capital Markets. He previously worked in Treasury roles for Cendant and Becton Dickinson. Robert Biglin, current Vice President & Treasurer, will become Vice President, Corporate Finance, focusing on finance activities in support [...]
Hess Corp. (NYSE: HES) today reported net income of $1,431 million for the quarter ended June 30, 2013. Adjusted earnings, which excludes the gain on sale of our Russian subsidiary and other items affecting comparability, were $520 million or $1.51 per common share. Net cash provided by operating activities was $1,247 million in the second quarter. After-tax income (loss) by major operating activity was as follows [...]
Hess announced today it has entered into an agreement with Direct Energy, a North American subsidiary of Centrica plc, to sell its Energy Marketing business for a total consideration of $1.025 billion. The Energy Marketing business supplies natural gas and electricity to 23,000 commercial, industrial and small business customers in the eastern half of the United States. The transaction is part of the previously [...]
Hess announced today that it will hold a conference call on Wednesday, July 31, at 10 a.m. Eastern Daylight Time to discuss its second quarter 2013 earnings release. To phone into the conference call, parties in the United States should dial 1-877-703-6109 and enter the pass code 14624998 after 9:45 a.m. Outside the United States, parties should dial 1-857-244-7308 and enter the pass code 14624998. This conference call [...]
The Board of Directors of Hess today declared a regular quarterly dividend of 10 cents per share payable on the Common Stock of the Corporation on June 28, 2013 to holders of record at the close of business on June 17, 2013.
Hess today announced voting results from its Annual Meeting of Stockholders held earlier today. At the meeting, stockholders elected the five Company nominees to the Board of Directors: John Krenicki Jr., Fredric Reynolds, William Schrader, Dr. Kevin Meyers and Dr. Mark Williams.
Hess today announced that it has reached an agreement with Elliott Management to resolve its proxy contest. Under the terms of the agreement, Elliott will withdraw its slate of five director nominees and support the election of Hess’ five new directors: John Krenicki Jr., Fredric Reynolds, William Schrader, Kevin Meyers and Mark Williams. Three of Elliott’s director nominees: Rodney Chase, Harvey Golub, and David McManus [...]
Hess today issued the following statement: “We are gratified that the vast majority of our shareholders continue to support our plan to transform Hess into a pure play exploration and production company and recognize that our five new, independent director nominees have the right experience to objectively oversee sustained value creation at Hess. We strongly believe that the Hess nominees have brought, and will continue [...]
Hess Corporation today issued the following statement in response to Elliott’s letter this morning in which its director nominees finally acknowledged that their short-term compensation plan, where they agreed to be paid substantial sums directly by a hedge fund, was wrong.
Hess Corporation (NYSE: HES) ('Hess? or 'the Company?) today announced that, after consulting with its shareholders, it will separate the role of Chairman and Chief Executive Officer immediately following its Annual Meeting to be held on Thursday, May 16 in Housto ...
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