Shares of Hess Corp. began trading May 9 under the stock symbol HES, a result of shareholder approval on May 3 of a change the in the corporate name from Amerada Hess Corp.
Hess is a global integrated energy company. "The HESS brand is firmly established in our marketing and refining operations, readily recognized by our customers and in the communities in which we operate, and increasingly identified with our global exploration and production activities," said Chairman and CEO John B. Hess. "This corporate name change strengthens recognition of our brand across all of our activities."
Hess, like other energy companies, also made an impression with its most recent financials. Total revenues and non-operating income were $7.46 billion in the first quarter of 2006, compared with 5.07 billion during the first quarter of 2005. Net income for the first quarter of this year was $695 million, compared with $219 million during the first three months of 2005.
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