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Hess Corporation
Hess Corporation
Hess Corporation
(formerly Amerada Hess Corporation) is an American global independent energy company engaged in the exploration and production of crude oil and natural gas.[2] Hess, headquartered in New York City, placed #394 in the 2016 list of Fortune 500 corporations.[3] In 2014, Hess completed a multi-year transformation to an exploration and production company by exiting all downstream operations, generating approximately $13 billion from assets sales beginning in 2013.[4] Hess sold its gas station network to Marathon Petroleum
Petroleum
(which operates under the retail brand Speedway); sold its wholesale and retail oil, natural gas and electricity marketing business to Direct Energy; closed its refineries in Port Reading NJ and St
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List Of Business Entities
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging markets; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.[1] According to Gerard Baynham of Water Street Partners, there has been a lot of negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S
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Oil Reserves
Oil reserves
Oil reserves
denote the amount of crude oil that can be technically recovered at a cost that is financially feasible at the present price of oil.[1] Hence reserves will change with the price, unlike oil resources, which include all oil that can be technically recovered at any price. Reserves may be for a well, for a reservoir, for a field, for a nation, or for the world. Different classifications of reserves are related to their degree of certainty. The total estimated amount of oil in an oil reservoir, including both producible and non-producible oil, is called oil in place. However, because of reservoir characteristics and limitations in petroleum extraction technologies, only a fraction of this oil can be brought to the surface, and it is only this producible fraction that is considered to be reserves
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Ticker Symbol
A ticker symbol or stock symbol is an abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker tape of a ticker tape machine.Contents1 Interpreting the symbol1.1 Other identifiers 1.2 Symbol for stock market indices2 Symbols by country2.1 Canada 2.2 United Kingdom 2.3 United States2.3.1 Single-letter ticker symbols2.4 Other countries3 See also 4 ReferencesInterpreting the symbol[edit] Stock
Stock
symbols are unique identifiers assigned to each security traded on a particular market. For example, AAPL is for Apple Inc.; OODH is for Orion DHC, Inc.; and HD is for Home Depot, Inc. A stock symbol can consist of letters, numbers, or a combination of both, and is a way to uniquely identify that stock
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Tender Offer
In corporate finance, a tender offer is a type of public takeover bid. The tender offer is a public, open offer or invitation (usually announced in a newspaper advertisement) by a prospective acquirer to all stockholders of a publicly traded corporation (the target corporation) to tender their stock for sale at a specified price during a specified time, subject to the tendering of a minimum and maximum number of shares. In a tender offer, the bidder contacts shareholders directly; the directors of the company may or may not have endorsed the tender offer proposal. To induce the shareholders of the target company to sell, the acquirer's offer price is usually at a premium over the current market price of the target company's shares. For example, if a target corporation's stock were trading at $10 per share, an acquirer might offer $11.50 per share to shareholders on the condition that 51% of shareholders agree
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Class Action
A class action, class suit, or representative action is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member of that group
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Rensselaer County, New York
Rensselaer County /rɛnsəˈlɪər/ is a county in the U.S. state
U.S. state
of New York. As of the 2010 census, the population was 159,429.[1] Its county seat is Troy.[2] The county is named in honor of the family of Kiliaen van Rensselaer, the original Dutch owner of the land in the area. Rensselaer County is part of the Albany-Schenectady-Troy, NY Metropolitan Statistical Area.Contents1 History 2 Geography2.1 Adjacent counties3 Demographics 4 Government and politics 5 Education 6 Communities6.1 Cities 6.2 Towns 6.3 Villages 6.4 Census-designated places 6.5 Hamlets7 See also 8 References 9 Further reading 10 External linksHistory[edit] See also: Albany County, New YorkMap of Rensselaer County in 1829The area that is now Rensselaer County was inhabited by the Algonquian-speaking Mohican
Mohican
Indian tribe at the time of European encounter
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Meadville Corporation
A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration
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Winston-Salem, North Carolina
Winston-Salem is a city in and the county seat of Forsyth County, North Carolina, United States.[5] With a 2015 estimated population of 241,218, it is the second largest municipality in the Piedmont Triad region and the 5th-most populous city in North Carolina, and the 89th-most populous city in the United States.[2] Winston-Salem is home to the tallest office building in the region, 100 North Main Street, formerly the Wachovia
Wachovia
Building and now known locally as the Wells Fargo Center. Winston-Salem is called the "Twin City" for its dual heritage and " City
City
of the Arts and Innovation" for its dedication to fine arts and theater and technological research. "Camel City" is a reference to the city's historic involvement in the tobacco industry related to locally based R. J. Reynolds
R. J. Reynolds
Tobacco Company's Camel cigarettes. Many locals refer to the city as "Winston" in informal speech
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Hess Oil And Chemical
A chemical substance[1], also known as a pure substance, is a form of matter that has constant chemical composition and characteristic properties.[2] It cannot be separated into components by physical separation methods, i.e., without breaking chemical bonds.[3] Chemical substances can be chemical elements, chemical compounds, ions or alloys. Chemical substances are often called 'pure' to set them apart from mixtures. A common example of a chemical substance is pure water; it has the same properties and the same ratio of hydrogen to oxygen whether it is isolated from a river or made in a laboratory. Other chemical substances commonly encountered in pure form are diamond (carbon), gold, table salt (sodium chloride) and refined sugar (sucrose)
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United States Virgin Islands
The United States
United States
Virgin Islands
Virgin Islands
(USVI; also called the American Virgin Islands), officially the Virgin Islands
Virgin Islands
of the United States, is a group of islands in the Caribbean
Caribbean
that is an insular area of the United States
United States
located 40 miles (64 km) east of Puerto Rico. The islands are geographically part of the Virgin Islands
Virgin Islands
archipelago and are located in the Leeward Islands
Leeward Islands
of the Lesser Antilles. The U.S. Virgin Islands
Virgin Islands
consist of the main islands of Saint Croix, Saint John, and Saint Thomas, and many other surrounding minor islands
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Port Reading, New Jersey
Port Reading is a census-designated place and unincorporated community located within Woodbridge Township, in Middlesex County, New Jersey, United States.[7][8][9] As of the 2010 United States
United States
Census, the CDP's population was 3,728.[3]Contents1 History 2 Geography 3 Demographics3.1 Census 2010 3.2 Census 20004 Education 5 References 6 External linksHistory[edit] Port Reading was built in the late 19th century by the Reading Railroad of Pennsylvania to serve their shipping needs, especially coal from the Pennsylvania anthracite coal fields. In 1892 Port Reading was connected to the Reading Railroad
Reading Railroad
system via a new branch line from Port Reading Junction near Bound Brook, New Jersey, known as the Port Reading Railroad
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Downstream (petroleum Industry)
The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas,[1] as well as the marketing and distribution of products derived from crude oil and natural gas. The downstream sector reaches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG) as well as hundreds of petrochemicals. Midstream operations are often included in the downstream category and are considered to be a part of the downstream sector.Contents1 Byproduct sulfur 2 Downstream in ISO 3 See also 4 ReferencesByproduct sulfur[edit] Crude oil is a mixture of many varieties of hydrocarbons and most usually have many sulfur-containing compounds
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Phillips 66
The Phillips 66
Phillips 66
Company (NYSE: PSX) is an American multinational energy company headquartered in Westchase, Houston, Texas. It debuted as an independent energy company when ConocoPhillips
ConocoPhillips
executed a spin-off of its downstream and midstream assets. Taking its name from the 1927 "Phillips 66" trademark of ConocoPhillips
ConocoPhillips
predecessor Phillips Petroleum Company, Phillips 66
Phillips 66
began trading on the New York Stock Exchange on May 1, 2012, under the ticker PSX. The company is engaged in producing natural gas liquids (NGL) and petrochemicals. The company has approximately 14,000 employees worldwide and is active in more than 65 countries.[2] Phillips 66
Phillips 66
is ranked No. 30 on the Fortune 500 list and No
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The New York Times
The New York Times
The New York Times
(sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City
New York City
with worldwide influence and readership.[6][7][8] Founded in 1851, the paper has won 122 Pulitzer Prizes, more than any other newspaper.[9][10] As of September 2016, it had the largest combined print-and-digital circulation of any daily newspaper in the United States.[11] The New York Times is ranked 18th in the world by circulation. The paper is owned by The New York Times
The New York Times
Company, which is publicly traded but primarily controlled by the Ochs-Sulzberger family through a dual-class share structure.[12] It has been owned by the family since 1896; A.G
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