Hess Oil and Chemical
Encyclopedia
Hess Oil and Chemical Corporation was a company begun in the 1930s by Leon Hess
of New Jersey to distribute heating oil. It expanded over the years to include refining and marketing of heating oil and other petroleum products through terminals and gasoline stations. In 1968, Hess Oil and Chemical Corporation merged with Amerada Petroleum Corporation into Amerada Hess Corporation (NYSE: HES). Since 2006, the merged company has been called Hess Corporation
. Before the merger, Hess Oil and Chemical developed the Hess Oil Virgin Islands Corporation (HOVIC) Refinery on St. Croix, United States Virgin Islands, at the time the largest oil refinery in the world. HOVIC is still operating and is 50% owned by Hess Corporation.
Leon Hess
Leon Hess was the founder of the Hess Corporation and the owner of the New York Jets.-Biography:Hess was born on March 13, 1914. His father was a Russian immigrant who worked as an oil delivery man in Asbury Park, New Jersey during the Great Depression.He married Norma around 1945 and they had...
of New Jersey to distribute heating oil. It expanded over the years to include refining and marketing of heating oil and other petroleum products through terminals and gasoline stations. In 1968, Hess Oil and Chemical Corporation merged with Amerada Petroleum Corporation into Amerada Hess Corporation (NYSE: HES). Since 2006, the merged company has been called Hess Corporation
Hess Corporation
The Hess Corporation is an integrated oil company based in New York City. The company explores, produces, transports, and refines crude oil and natural gas. Vertically completing the logistical chain, about 1,360 Hess branded filling stations market gasoline to consumers in 16 states along the...
. Before the merger, Hess Oil and Chemical developed the Hess Oil Virgin Islands Corporation (HOVIC) Refinery on St. Croix, United States Virgin Islands, at the time the largest oil refinery in the world. HOVIC is still operating and is 50% owned by Hess Corporation.