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

Hess Corporation

(“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