Outstanding Corporate Partner

Hess logoHess Corporation

Hess Corporation (NYSE: HES) is a leading global independent energy company with headquarters in New York City and 12,432 employees operating across the globe. The company is engaged in the exploration and production of crude oil and natural gas, as well as refining and marketing petroleum products, natural gas and electricity.

Hess has a strong leadership team and a focused professional staff that are positioning the company for long-term financial strength and stability. The company is committed to meeting the highest standards of corporate citizenship by ensuring a safe and healthy workplace, safeguarding the environment and making a lasting and positive impact on the communities where it does business.

Hess geoscientists have leveraged deep-water exploration and advanced seismic technology to develop challenging oil and gas resources around the world. The company has pursued a rigorous 2009 drilling schedule with exploration and appraisal wells in Australia, Malaysia, Brazil, Peru, the United Kingdom, Libya and the Gulf of Mexico.

Hess continues to be the leading independent gasoline convenience store marketer on the East Coast of the United States with 1,366 Hess-branded retail locations. Hess Energy Marketing is the largest provider of natural gas, fuel oil and electricity to commercial and industrial customers in the Northeast and Mid-Atlantic market. The company operates a network of 22 terminals to support its marketing operations. In refining, Hess operates a fluid catalytic cracking unit in Port Reading, New Jersey, and has a 50 percent interest in the HOVENSA refinery in St. Croix, U.S. Virgin Islands.

Hess has given nearly $500,000 in funding for various programs over the years. This includes the Amerada Hess Corporate Merit Award scholarship through the university’s Otto H. York Department of Chemical, Biological and Pharmaceutical Engineering and a pre-college program to assist minorities interested in entering the field of engineering. Hess has also been a long-time supporter of other pre-college programs that help elementary-, middle- and high-school students prepare for a university education. In addition, Hess provides funding for the university’s Educational Opportunity Program scholarships that serve economically and educationally disadvantaged students, mostly minorities and women. Hess also recently began supporting NJIT’s College of Computing Sciences.

Hess’ assistance extends beyond financial contributions to include hands-on involvement. Hess Vice President and Chief Information Officer Jeff Steinhorn has served on the Advisory Board for the College of Computing Sciences and Walter Vertreace, director of Equal Employment Opportunity, has served on the Advisory Board for the Center for Pre-College Programs. Hess actively recruits NJIT graduates through the university’s Office of Career Development Services. Approximately 20 alumni are employed by Hess.