Amerada Hess' President & Chief Operating Officer Resigns

Amerada Hess Corporation reported that Sam Laidlaw has indicated his intention to resign as President and Chief Operating Officer and as director of the company, effective the end of September 2001. His responsibilities will be assumed for the present time by John B. Hess, Chairman and Chief Executive Officer. Mr. Hess said: "Sam Laidlaw has made many valuable contributions to the growth and success of Amerada Hess Corporation over the course of his twenty year career with the company. Prior to his current position, he was head of our United Kingdom, Norway and international operations headquartered in London. We are sorry to see him leave, but understand and respect his decision to pursue new professional opportunities in the United Kingdom."

Mr. Laidlaw said: "My career with Amerada Hess has been an exciting one and a rewarding experience. I am grateful for the support of my colleagues and all that has been accomplished. The company is in excellent shape with good prospects for the future."