- Hess Corporation is a leading player in crude oil production and mining, headquartered in New York, New York, with a strong focus on upstream operations and midstream services through Hess Midstream LP.
- In April 2026, Hess Midstream announced a $60 million accretive repurchase of its securities to enhance distributable cash flow per share and support distribution growth beyond its 5% annual target through 2028.
- Hess Midstream primarily serves Chevron and its subsidiaries, along with third-party customers, leveraging its diverse set of midstream assets to facilitate efficient energy transportation and processing.
- The ideal buyer for Hess's services includes large oil and gas companies seeking reliable midstream solutions, as they address the pain points of throughput efficiency and capital return in a competitive energy market.
Hess operates with a total of five departments, with Operations being the largest at five employees, followed by Sales with two employees. The Executive, Education, and Other departments collectively contribute to the company's functional diversity, with the Other category comprising three employees. This distribution indicates a lean organizational structure focused primarily on operational efficiency and sales performance.
The company's workforce is spread across six locations, with Saint Louis, MO, housing the highest concentration at two employees. Other notable locations include Fenton, MO, Overland Park, KS, Cedar Rapids, IA, Westmont, IL, and Fullerton, CA, each with one employee. The presence of five employees in the 'Other' category suggests a distributed workforce model, which may enhance operational flexibility across various regions.
