Hess Puts Offer to Purchase 2011 Notes on the Table

Hess announced the commencement of a cash tender offer for any and all of its outstanding 6.65% Notes due August 15, 2011, of which $662,120,000 in aggregate principal amount are outstanding.

The Offer will expire at 5:00 p.m., New York City time, on December 16, 2009, unless extended or earlier terminated. The Offer is being made pursuant to an Offer to Purchase dated December 9, 2009 and a related Letter of Transmittal, which set forth a more detailed description of the Offer. Holders of the Notes are urged to read carefully the Offer to Purchase and Letter of Transmittal before making any decision with respect to the Offer.