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Hess Corporation is a leading global independent energy company, engaged in the exploration and production of crude oil and natural gas, as well as in refining and in marketing refined petroleum products, natural gas, and electricity. Our vision is to maximize shareholder value by enhancing financial performance and providing long-term profitable growth. We are committed to meeting the highest standards of corporate citizenship by protecting the health and safety of our employees, safeguarding the environment and creating a long-lasting, positive impact on the communities in which we do business. Exploration and production is the engine of future income and growth, currently representing nearly 80% of capital employed and over 95% of annual capital expenditures. The Company has operations in the United States, United Kingdom, Norway, Denmark, Russia, Equatorial Guinea, Algeria, Libya, Gabon, Egypt, Ghana, the Joint Development Area of Malaysia and Thailand, Indonesia, Thailand, Azerbaijan, Australia, Brazil and St. Lucia. We continue to increase reserves outside the mature regions of the United States and North Sea.

HPCL is a Fortune 500 company, with an annual turnover of Rs. 1,16,428 Crores and sales/income from operations of Rs 1,31,802 Crores (US$ 25,618 Millions) during FY 2008-09, having about 20% Marketing share in India and a strong market infrastructure. Corresponding figures for FY 2007-08 are: Turnover of Rs 1,03,837 Crores and sales/income from Operations of Rs.1,12,098 Crores (US$ 25,142 Million). Hindustan Petroleum is India's second-largest oil refiner (Indian Oil is #1, Bharat Petroleum is #3) and accounts for more than 16% of the country's total refining requirements. The company has two major refineries -- one in Mumbai, the other in the southern Indian city of Vishakapatnam -- and produces lubricants, aviation fuel, liquefied petroleum gas, and light diesel oil. Hindustan Petroleum also holds a 17% stake in a refinery at Mangalore and is establishing another refinery in the state of Punjab. Other businesses include pipelines, a lube refinery (with a 40% share of the lube oil market), and 8,330 gas stations nationwide. The Indian government owns 51% of the company, which was established in 1974.

Holly Corporation, together with its subsidiaries, operates as a petroleum refiner in the United States. The company process sour crude oils into light petroleum products, including gasoline, diesel fuel, jet fuel, fuel oils, specialty lubricant products, gas oil/intermediates, carbon black oil, and liquid petroleum gas (LPG) and other products at its three refineries located in Artesia and Lovington, New Mexico; Woods Cross, Utah; and Tulsa, Oklahoma. It also manufactures and markets specialty and modified asphalt products from various terminals in Arizona, New Mexico, and Texas. In addition, the company owns interests in a 12-inch refined products pipeline project from Salt Lake City, Utah to Las Vegas, Nevada, together with terminal facilities in the Cedar City, Utah, and North Las Vegas areas. Further, it holds 34% interests in Holly Energy Partners, L.P., which owns and operates approximately 2,500 miles of petroleum product and crude oil pipelines located principally in west Texas and New Mexico; ten refined product terminals; a jet fuel terminal; four refinery loading rack facilities; a refined products tank farm facility; and on-site crude oil tanks at its refineries, an on-site refined product tankage at Tulsa refinery, and a 25% interest in a 95-mile crude oil pipeline joint venture. Holly Corporation markets its gasoline to other refiners, convenience store chains, independent marketers, and retailers; diesel fuel to other refiners, truck stop chains, wholesalers and railroads; jet fuel to military and commercial airlines; specialty lubricant products to commercial and specialty markets; asphalt to governmental entities or contractors; and LPG’s to LPG wholesalers and LPG retailers, as well as carbon black oil for further processing or blended into fuel oil. The company offers its products primarily in the Southwestern, Rocky Mountain, and Mid-Continent regions of the United States. Holly Corporation was founded in 1947 and is based in Dallas, Texas.

HOVENSA is among the top ten largest refineries in the world. The company became the owner and operator of the former Hess Oil Virgin Islands Corp. (HOVIC) refinery on October 30, 1998. HOVIC, a wholly owned Virgin Islands subsidiary of Hess Corporation, was established to construct and operate an oil refinery in coordination with the Virgin Islands Government’s efforts in the 1960’s to diversify the economy of the islands. HOVENSA provides employment to approximately 2,500 people in a culturally diverse workforce through its payroll and that of several maintenance contractors.

Hydrodec was born out of an eight year industrial research and development program implemented by Australia's Commonwealth Scientific Industrial Research Organization (CSIRO) and the Australian power industry. CSIRO is Australia's government backed and leading industrial technology research and development organisation. Initial research was directed at the development of advanced refining technology for use with used electrical insulating oils. The research and development program was so successful that it produced a new refining process with application across the petrochemical and oil refining industries. The technology was patented and in 2001, was rolled into a commercial licence held by Hydrodec Development Corporation (HDC). Hydrodec Development Corporation was formed with global rights to commercialise the technology and know how behind the technology. The company was initially established using venture capital funding from Virotec International, an Australian environmental technology company. A first demonstration refining facility commenced construction in 2002. Successful start up of the demonstration facility accelerated the growth of Hydrodec ultimately resulting in the formation of Hydrodec Group plc, a company listed on the AIM in the London Stock Exchange in late 2004.

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