Organization and Supply Chain of Hess Corporation

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Organization and Supply Chain of Hess Corporation

Introduction

Hess Corporation is one of the biggest corporations of USA. Its annual revenues are equal to $37.872 billion. On the other hand, its annual profits are $1.703 billion. Its current market value stands at $19.865 billion. The earnings per share for the last year were $5.01 (CNN, 2012). The company provides complete energy solutions. It is the biggest energy company of the United States. It provides natural gas, electricity, as well as fuel oil to its customers located around the world. In addition, it is engaged in the total supply chain integration in the energy sector. It explores the energy and then provides it to the end customer through its end-to-end supply chain. While it is engaged in exploration of energy resources, it also provides retail oil to the American customers on the East coast region through its retail outlets. Currently, it has more than 1.3 million retail customers. In addition, it also has governmental, commercial, as well as industrial customers who use the various types of energy provided by Hess (Hess, 2011).

Organization and supply chain of Hess Corporation

Organizational structure

The Hess Corporation is divided into multiple divisions headed by the various division heads, known as the Senior Vice Presidents. The divisions and major divisions or operations of Hess include global operations, exploration, production, refining, supply and terminals, energy marketing, and retail. The global operations is an integrated energy company with operations and assets located in 23 different countries of the world. Hess also has a balanced global portfolio of exploration sites and resources. Hess is engaged in production of energy and is committed to increasing its production reserves. Currently it has reserves with life of about 10 years. It has one refining facility located in New Jersey ...