Hess to Exit Retail, Energy Marketing & Trading; Announces $4B Share Buyback

Hess Corporation (NYSE: HES) (“Hess”) today issued the following letter
to all Hess shareholders in connection with the Company's multi-year
transformation to a pure play exploration and production (“E&P”) company
and its 2013 Annual Meeting scheduled to be held on May 16, 2013.

For information about Hess' transformation and the 2013 Annual Meeting,
please visit: www.transforminghess.com.

The text of the March 4 letter follows:

Dear Fellow Shareholder:

The 2013 Annual Meeting will be important for Hess and all our
shareholders.

Your Board and management have been transforming Hess into a more

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