Amerada Hess Corporation
Industry: Oil & Gas - Integrated

Amerada Hess Corporation explores for, produces, purchases, transports and sells crude oil and natural gas. These exploration and production activities take place in the United States, United Kingdom, Norway, Denmark, Gabon, Indonesia, Thailand, Azerbaijan, Algeria, Colombia, Equatorial Guinea, Malaysia and other countries. The Company also manufactures, purchases, transports, trades and markets refined petroleum and other energy products. The Company owns 50% of a refinery joint venture in the United States Virgin Islands, and another refining facility, terminals and retail gasoline stations located on the East Coast of the United States.

Business Summary
Amerada Hess Corporation is a global integrated energy company that explores for, produces, purchases, transports and sells crude oil and natural gas. These exploration and production activities take place in the United States, the United Kingdom, Norway, Denmark, Equatorial Guinea, Algeria, Gabon, Indonesia, Thailand, Azerbaijan, Malaysia and other countries. The Company also manufactures, purchases, trades and markets refined petroleum and other energy products. It partly owns a refinery joint venture in the United States Virgin Islands, and another refining facility, terminals and retail gasoline stations located on the East Coast of the United States. It operates in two segments, exploration and production, and refining and marketing.

Financial Summary
AHC is engaged in the exploration for and the production, purchase, transportation and sale of crude oil, natural gas and refined petroleum products. For the 6 months ended 6/30/05, revenues rose 19% to $10.15B. Net income applic.to Common from cont. ops. fell 8% to $494M. Revenues reflect increased sales and other operating income. Net income was offset by higher production & marketing expenses and increased depreciation & amortization charge.