hess Annual Reports 2007

Hess Corporation's 2007 Annual Report summarizes the company's performance in 2007. Key points include: - Exploration and Production earned $1.8 billion, with production growing to 377,000 barrels of oil equivalent per day due to projects like Okume Complex in Equatorial Guinea. Proved reserves grew 7% to 1.33 billion barrels. - Marketing and Refining contributed $300 million in earnings, with refining generating solid performance despite challenging environment. Energy marketing saw strong growth in sales. - The company invested $3.9 billion in capital expenditures and exploration, with a focus on projects like Bakken Shale, Shenzi field, and Ujung Pangkah field in Indonesia