Hess Corporation to Contribute $20 Million for Educational Initiative in Equatorial Guinea

Hess Corporation (NYSE:HES) has joined with the Republic
of Equatorial Guinea in a $40 million program to support education in
the West African country. Hess and Equatorial Guinea are each
committing $20 million over the next five years. The program, which is
to strengthen the country's educational system for children ages 6 to
18, will focus on training for teachers, new learning initiatives and
infrastructure development for schools.
The program will be overseen by the Ministry of Education and
supported by the Academy for Educational Development, an international
nonprofit organization that works to improve education, health and
economic development around the world.
"We are proud to make this important social investment in a
sustainable education program for the children and people of
Equatorial Guinea," said John B. Hess, Chairman and Chief Executive
Officer. "Coupled with our significant financial commitment to develop
the oil resources of the country, this program will advance the
economic development of Equatorial Guinea."
Hess Corporation, with headquarters in New York, is a global,
integrated energy company engaged in the exploration for and the
production, purchase, transportation and sale of crude oil and natural
gas. The Corporation also manufactures, purchases, trades and markets
refined petroleum and other energy products.

Forward looking statement

Certain statements in this press release constitute
"forward-looking statements" within the meaning of Section 21E of the
United States Securities Exchange Act of 1934, as amended, and Section
27A of the United States Securities Act of 1933, as amended.
Forward-looking statements are subject to known and unknown risks and
uncertainties and other factors that may cause actual results to
differ materially from those expressed or implied by such statements,
including, without limitation, uncertainties inherent in the
measurement and interpretation of geological, geophysical and other
technical data.