Hess Corporation Makes Application to Cease to Be a Reporting Issuer in Canada

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    NEW YORK–(BUSINESS WIRE)–Hess Corporation (NYSE: HES) (“Hess“) announced today that
    it has applied to the Ontario Securities Commission (the “OSC“)
    to cease to be a reporting issuer in Ontario (the “Order“).
    Hess has not been listed on a Canadian stock exchange for twenty years,
    and is not a reporting issuer in any other Canadian jurisdiction.

    If the OSC grants the Order, Hess will cease to be a reporting issuer in
    Canada but will continue to file all financial statements and other
    continuous disclosure materials that it is required to file in
    accordance with applicable United States’ securities laws and the rules
    of the New York Stock Exchange (the “NYSE“). As a result of
    Hess ceasing to be a reporting issuer, some of Hess’s outstanding
    securities may be subject to resale restrictions within Canada under
    applicable Canadian securities laws.

    All of Hess’s continuous disclosure documents are publicly available
    from the Securities and Exchange Commission at www.sec.gov
    and Hess’s Canadian securityholders will continue to receive copies of
    any continuous disclosure documents that Hess is required to deliver to
    securityholders in the United States, in the same manner and at the same
    time as is required under applicable United States’ securities laws and
    the rules of the NYSE.

    Forward-Looking Statements

    This press release contains forward‐looking statements and
    forward‐looking information within the meaning of applicable securities
    laws. Such statements include, without limitation, statements pertaining
    to the Order and Hess’s continued delivery of continuous disclosure
    documents.

    The forward‐looking statements are based on management’s current
    expectations and beliefs concerning future developments and their
    potential effect on Hess based on information currently available to
    management. While management believes that these forward‐looking
    statements are reasonable as and when made, there can be no assurance
    that future developments affecting Hess will be those anticipated.
    Forward‐looking information involves known and unknown risks,
    uncertainties, assumptions and other factors that may cause actual
    results or events to differ materially from those anticipated in such
    forward‐looking information. Important factors that could cause actual
    results to differ materially from those in the forward-looking
    statements include, but are not limited to regulatory actions taken by
    the OSC. The forward‐looking statements contained in this press release
    are made as of the date hereof and Hess undertakes no obligations to
    update publicly or revise any forward‐looking statements or information,
    whether as a result of new information, future events or otherwise,
    unless so required by applicable securities laws.

    Hess Corporation is a leading global independent energy company engaged
    in the exploration and production of crude oil and natural gas. More
    information on Hess Corporation is available at http://www.hess.com.

    Contacts

    Investors:
    Jay Wilson
    (212) 536-8940
    [email protected]