Hess has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the eighth consecutive year. The index, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in each industry are considered each year for index membership.
Hess is one of four U.S. oil and gas producers in the Energy industry group listed on the North America Index. The others are Andeavor, Chevron and ConocoPhillips.
“Being recognized by the Dow Jones Sustainability Index for the eighth straight year is an honor and demonstrates our company’s commitment to sustainability,” said Alex Sagebien, VP, Environment, Health and Safety, Hess Corporation.
The DJSI, introduced in 1999, is produced by Dow Jones in collaboration with RobecoSAM, a Swiss investment company founded on the belief that integrating Environmental, Social and Governance (ESG) factors into traditional financial analysis can generate long-term value. The company has compiled one of the world’s most comprehensive databases of financially material sustainability information.
Hess will plug a total of US$475M into development and drilling activities on the Stabroek block, located 120 miles offshore the coast of Guyana this year. The now world-famous oil field is home to the Liza and other wells, where an estimated 2 billion barrels of high quality sweet crude have been discovered so far by ExxonMobil and its partners, Hess and Nexen Petroleum. Hess has a 30% interest in the Stabroek Block.