HES

What You Should Know

Hess Corporation is an independent global oil and natural gas exploration and production (E&P) company, anchored by its 30% interest in the world-class Stabroek Block offshore Guyana operated by ExxonMobil — one of the largest oil discoveries of the past two decades with multiple producing developments (Liza, Payara, Yellowtail, and subsequent phases) and substantial recoverable resources. Hess also operates onshore US shale assets in the Bakken (North Dakota), Gulf of Mexico deepwater assets, and natural-gas assets in Southeast Asia (Malaysia and the Joint Development Area with Thailand). Hess also holds a majority interest in Hess Midstream, a logistics-and-infrastructure partnership serving its Bakken production. Chevron completed its acquisition of Hess in 2025 following arbitration over the Guyana asset; investors should verify the current corporate structure. Oil and natural gas exploration, development, and production is unambiguously permissible at the activity level under standard Sharia methodology — hydrocarbon extraction is straightforward commodity-extraction commerce. The financial screen passes comfortably with conservative leverage and the debt-to-market-cap ratio well below the 33% Sharia threshold. Most major Sharia advisory boards classify Hess as permissible with purification of small interest-income components.