Hess

Hess in Fortune Rankings

Leon Hess, an oil tycoon and the longtime owner of the New York Jets football team, founded the company Hess Oil and Chemical in 1933. (He passed away in 1999.) Hess has since evolved into an energy company that is engaged in exploration and production of crude oil and natural gas. It is a major investor and operator of the Bakken in North Dakota, a key U.S. shale play, and it owns a stake in Stabroek Block, an offshore oil and gas concession located off the Guyanese coast. In October 2023, Chevron agreed to buy Hess in a $53 billion all-stock deal.

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