| | Business Summary | | Amerada
Hess
Company
is
engaged
in
the
exploration
for
and
the
production,
purchase,
transportation
and
sale
of
crude
oil
and
natural
gas.
The
Company
also
manufactures,
purchases,
transports
and
markets
refined
petroleum
and
other
energy
products.
The
Company's
exploration
and
production
activities
are
located
primarily
in
the
United
States,
United
Kingdom,
Norway
and
Gabon.
The
Company
also
conducts
exploration
and/or
production
activities
in
Azerbaijan,
Brazil,
Denmark,
Indonesia,
Thailand
and
certain
other
countries.
Of
the
Company's
proved
reserves,
29%
are
located
in
the
United
States,
58%
are
located
in
the
United
Kingdom,
Norwegian
and
Danish
sectors
of
the
North
Sea,
and
the
remainder
are
located
in
Azerbaijan,
Gabon,
Indonesia
and
Thailand.
Amerada
Hess
has
a
50%
interest
in
a
refining
joint
venture
in
the
United
States
Virgin
Islands
and
has
a
fluid
catalytic
cracking
facility
in
Port
Reading,
New
Jersey. | | Financial Summary | | Amerada
Hess
is
engaged
in
the
exploration
for
and
the
production,
purchase,
transportation
and
sale
of
crude
oil
and
natural
gas.
AHC
also
purchases,
manufactures,
markets,
and
transports
refined
petroleum
products.
For
the
nine
months
ended
9/30/99,
total
revenues
rose
1%
to
$5.15
billion.
Net
income
totalled
$306.5
million
vs.
a
loss
of
$40.6
million.
Revenues
reflect
increased
gains
on
asset
sales.
Earnings
also
reflect
lower
exploration
and
production
expenses. | | | | FY1998 Pay | |
| John Hess, 44 Chairman,
CEO | $1.3M | W. Laidlaw, 43 Pres,
COO | 1.2M | John Schreyer, 59 Exec.
VP, CFO | 758K | Francis Gugen, 49 Managing
Director, Amerada Hess Limited | 573K | J. Collins II, 54 Exec.
VP, Gen. Counsel | 758K | | Dollar amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from Market Guide: Highlights
-Performance
- Ratio
Comparisons |
|