Hess Corp http://www.alacrastore.com/company-snapshot/Hess_Corp-1000642 Wednesday, October 08, 2008 5:16:53 AM 1000642 Hess Corp en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/PBC_89151moodys/PBC_89151pdf...Amerada Hess (Hess), a medium-sized integrated oil company, has a ##-member board. The company's outside directors include members with experience in both energy and international affairs. The board has been actively involved in setting the overall busines s strategy of the company, and was in strumental in formulating a strategy over the past five years to re-position its mature explor ation and production business by acquiring reserves and swapping into properties with lower costs and higher gr owth potential (though with added geopolitical risk). Moreover, the board's audit committee appears to provide thoughtful oversight and counsel on various facets of financial risk. Over the last three years, the comp any has strengthened it s management development processes. The board has played a strong role in providing oversight for management development of senior executives as part of the overall succession plan, which is certainl y credit positive. The company is now... 10/4/2008 8:29:49 PMpdfAmerada Hess CorporationAmerada Hess Corporation32500300.00AnalysisCorporate Governance AssmtPBC_89151Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/fitch/441962_pr_framefitch/441962_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Hess CorpHovensa L.L.C.Petroleos De Venezuela SA80089489800923528060501110/3/2008 6:33:47 PM01030000010310000700000085Press ReleaseHES441962_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/407506_report_framefitch/407506_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Hess CorpHovensa L.L.C.800923528060501110/3/2008 6:33:45 PM010300000103100007000000165Credit UpdateHES407506_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/cs/74414cs/74414norm Oil & Gas: Playing the Credit Crisis and Oil Weakness into #### In light of recent market turmoil and volatility, both in the broad financial and oil markets, we have performed a detailed credit analysis and investment outlook to provide...744143506YesD0Article1591601664591260158236122971419841325180315077465619918431841131046172179716119501802corphy601533Capital Structure42High Yield9/22/2008 2:06:00 AM150We have performed a detailed credit analysis and investment outlook to provide investors with an investment framework for navigating the current environment into 2009.74414Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-27730926newstex/PRN-0005-27730926xml HOUSTON, Aug. ##, #### (PRNewswire delivered by Newstex) -- Entessa, Inc., a leading provider of Oil and Gas Logistics Management Solutions, delivered a major upgrade to the Marine Modules of its Synthesis(TM) enterprise software suite...0600000006001000060010020400000004005000040050120401600004016013040060000400601204003000040030058/29/2008 10:03:41 AM180000001801500018022000PR Newswire USPRN-0005-27730926HESS CORPORATIONHESNewsNewstexhttp://www.alacrastore.com/storecontent/cs/73345cs/73345norm Oil & Gas Q### Earnings Season Review We review the key takeaway points from Q### earnings season with excerpts from each of our earnings reports for our ##-company Oil & Gas investment grade and high yield coverage universe.  (CDS...733459544YesD0Article113180315071229180271419841845619911325746843236195045916016110461661260158172159corphy156042High Yield65Earnings Reports - Energy8/19/2008 10:05:41 AM150We review the key takeaway points from Q208 earnings season with excerpts from each of our earnings reports for our 25-company Oil & Gas investment grade and high yield coverage universe.73345Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/73169cs/73169norm Hess #Q## Tearsheet The company's balance sheet continued to strengthen in #Q## as total debt/capital declined to ##.#%, from ##.#% at end-#Q##, while coverage ratios also improved.Liquidity remains ample given the company's $#.# billion...73169406YesC21Tearsheet158tearsheets/premium15608/13/2008 5:05:53 PM15073169Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/72439cs/72439norm Earnings Note: Hess #Q## Ahead - #### Production Target Reaffirmed, Capex Raised Hess (HES; Baa#/BBB-) reported recurring #Q## earnings of $### million, or $#.##/share, beating consensus estimates of $#.##/share and improving ##% QoQ...724391177YesD0Article158corp156033Capital Structure65Earnings Reports - Energy7/30/2008 9:05:33 PM150Hess (HES; Baa2/BBB-) reported recurring 2Q08 earnings of $900 million, or $2.76/share, beating consensus estimates of $2.74/share and improving 18% QoQ and 62% YoY.72439Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/BW-0001-27029489newstex/BW-0001-27029489xml Jul. ##, #### (Business Wire) -- Hess Corporation (NYSE: HES) reported net income of $### million for the second quarter of #### compared with net income of $### million for the second quarter of ####. The after-tax results by major...040000000401600004016048040160180401600304016001040050000400501204005011040100000401000104019000040190030600000006001000060010027/30/2008 8:18:13 AM18000000180040001800800018003000Business WireBW-0001-27029489HESS CORPORATIONHESNewsNewstexhttp://www.alacrastore.com/storecontent/ccbn/T1893895ccbn/T1893895norm...Ladies and gentlemen, thank you for standing by. A.H. Belo Corporation welcomes you to the second quarter financial results conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. The instructions will be given at that time. (OPERATOR INSTRUCTIONS) As a reminder, this conference is being recorded. I'd now like to turn the conference over to our host, Ms. Maribel Correa, Director Investor Relations. Please go ahead. ... 7/28/2008 3:06:00 PMA. H. Belo Corporation54.0000FinalQ2 2008 A. H. Belo Corporation Financial Results Conference Call TranscriptAHC1:00pm CTTranscriptT1893895Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/fitch/394460_report_framefitch/394460_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Apache CorporationDevon Energy CorporationHess CorpMarathon Oil CorporationNoble Drilling (Nederland) B.V.Occidental Petroleum CorporationSunoco Inc.80088967800901008009076280091351800917538009176380092352804171797/25/2008 2:17:00 PM010300000103100001040000275Special ReportAPADVNHESMROOXYSUN394460_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/cs/71749cs/71749norm Oil & Gas #Q## Earnings Preview - E&Ps Lead the Way, Refiners Battling Strong Headwinds Crude prices increased ##% sequentially and ##% annually to average $###.##/bbl in #Q##, driven by a combination of ever-present geopolitical concerns,...717492323YesD0Article1131803150771423612291802184561991843198413257461950459160161104616615917215817971260corphy601542High Yield65Earnings Reports - Energy7/16/2008 10:06:00 PM150We expect balance sheets, liquidity, and credit metrics will remain strong with the exception of the Refiners, which are likely to see significant pullbacks in organic liquidity and LTM coverage ratio deterioration.71749Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/70746cs/70746norm Integrated Oil Finding Cost Study ####: Super Majors Lead the Way In our fourth annual Integrated Oil Finding Cost Study, we have analyzed key measures such as F&D costs, reserve replacement rates, cash flow trends, capital spending...707463402YesD0Article5111229236734754906180515816686517951522672corp6071156/23/2008 10:07:11 AM150In this report, we evaluate industry-weighted averages and individual company results to assess how the industry is performing as a whole and how each company is performing relative to each other.70746Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1857833ccbn/T1857833norm...Okay. Our next newspaper company will be A.H. Belo. It's a pure play that was spun off from Belo Corp. in the first quarter. Long time Belo Corp. Chairman, President and CEO, and now Chairman, President and CEO of A.H. Belo, Robert Decherd is here with us today. Welcome, Robert. ... 6/18/2008 2:04:00 PMA. H. Belo Corporation54.0000FinalA. H. Belo Corporation at Deutsche Bank Securities Inc. Media and Telecom Conference TranscriptAHC11:30am ETTranscriptT1857833Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/cs/70414cs/70414norm Oil & Gas: Raising #### Estimates for the Integrateds and E&Ps We have updated our #### earnings and cash flow estimates for our Integrated Oil and E&P coverage universe based on #H## reported and expected results, corporate developments...704142217YesD0Article12291802158236180319847141131797166195015910461260459corphy156042High Yield33Capital Structure6/10/2008 12:04:52 AM150We have updated our 2008 earnings and cash flow estimates for our Integrated Oil and E&P coverage universe based on 1H08 reported and expected results, corporate developments and guidance, and our upgraded commodity price deck.70414Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/70003cs/70003norm Oil & Gas: #H## Outlook - Raising Price Forecasts, Balancing Supply Fears and Demand Destruction Concerns We have updated our oil and natural gas outlook for #H## based on developments in the energy complex over the first half of the...12601797corphy601542High Yield21Sector Outlooks6/2/2008 1:05:00 AM150We have updated our oil and natural gas outlook for 2H08 based on developments in the energy complex over the first half of the year.700032163YesD0Article7141131802236122984356746180319841046459166195016015815970003Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69423cs/69423norm Hess #Q## Tearsheet HES's balance sheet remains in solid shape, improving on the quarter, with total debt/capital declining to ##% from ##% at end-Q### and net debt/capital improving to ##% from ##% at end-Q### as cash levels increased...69423417YesC21Tearsheet158tearsheets/premium15605/21/2008 1:30:26 PM15069423Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/420810_pr_framefitch/420810_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Anadarko Petroleum CorporationApache CorporationChesapeake Energy CorporationDevon Energy CorporationHess CorpMarathon Oil CorporationNewfield Exploration CompanyOccidental Petroleum CorporationOcean Energy, Inc.PennzenergyPioneer Natural Resources Company80088967800900998009010080090562800907628009114380091152800913518009146580092352820564605/16/2008 6:32:00 PM01030000010310000104000085Press ReleaseAPAAPCCHKDVNHESMRONFXOXYPXD420810_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/419476_pr_framefitch/419476_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Hess Corp800923525/5/2008 6:27:00 PM010300000103100085Press ReleaseHES419476_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/cs/68571cs/68571norm Earnings Note: Hess Q### Ahead - Full-year Outlook Affirmed Hess (HES; Baa#/BBB-) reported Q### earnings of $#.##/share, or $### million, coming in well-ahead of a light consensus estimate of $#.##/share, and rising ##% QoQ and ###%...68571YesC0Article158corp156033Capital Structure65Earnings Reports - Energy4/30/2008 5:04:55 PM150HES reported Q108 earnings of $2.34/share, or $759 million, smashing consensus estimates of $2.01/share on account of higher commodity prices and a lower-than-expected cost structure during the quarter.71568571Credit & Investment ResearchCreditSights