Hess

3375 Words Feb 15th, 2013 14 Pages
The Hess Corporation is a leading pioneer in the energy industry sector, which conducts Marketing and Refining (M&R) as well as Exploration and Production (E&P) operations in 23 countries. They have a concentrated focus in the exploration, production, purchase, transportation, and sale of crude oil and natural gas as well as markets refined petroleum products, natural gas, and electricity. This company owns thousands of Hess gas stations, which include small convenience stores or Dunkin Donuts stores, throughout the East Coast of the United States to hundreds of thousands of acres of land in the North Dakota Bakken oil shale play. Internationally, Hess Corporation owns many other hundreds of thousands of acres in land where they …show more content…
According to fastcoexist.com, Bloomberg finance reports are ranking and keeping an eye on the most innovative and groundbreaking organizations of the United States making concerned efforts adapting to climate change within their respective markets. The rankings follow how hundreds of organizations with more than $1 billion in assets are mitigating climate change related risks, managing carbon emissions, and creating clean-tech solutions, and new products. Exxon Mobil and Hess Corporation are a part of the rankings, which offer investors a view at how responsible these and other organizations are in regard to the above and the effects that the climate has on them.
Equally reviewed is how proactive are these organizations in regard to creating opportunities, which generate larger profits. The concept of the ratings, is that it will evaluate the previous items mentioned above, place the information on the Bloomberg financial reports and help bring in additional investments.
Recent ranking reports accuse Exxon Mobile of backing groups that deny, or complicate, climate science, and of failing to support efforts to present new climate rulings and law. Meanwhile, Hess Corporation received higher rankings because of what they have done in adaptation,