Hess Responds to ISS Report

Hess Corporation HES today commented on the report issued by Institutional Shareholder Services Inc. (“ISS”). ISS's flawed analysis does not reflect the fact that Hess has nominated five all new independent director nominees to oversee the continued execution of a market-endorsed transformation plan and disregards the highly problematic compensation scheme put in place for Elliott Management's dissident nominees. Hess notes that Egan Jones, a competing proxy advisory firm, yesterday issued a report in support of ALL of Hess' director nominees and believes that shareholders who conduct their own thoughtful analysis will arrive at the same conclusion. Hess continues to urge shareholders to vote on the WHITE proxy card FOR all of its new, highly qualified, independent director See full press release