Amerada Hess’ Environment, Health, Safety and Social Responsibility program supports the Corporation’s overall strategy and values. We remain committed to safeguarding the health and safety of our employees and neighbors, protecting the environment and providing sustainable benefits to the communities where we operate.

In 2005 the Corporation met its targets for safety improvement, achieving its best safety performance ever. This achievement was accomplished while the Corporation was expanding into new and more difficult areas of operation.

We recognize that our operations will impact the environment and we manage those impacts through a disciplined internal control system. We remain committed to compliance with all environmental laws and regulations wherever we operate and often go beyond those requirements when appropriate. We have a well developed and rigorous environment, health and safety audit program that evaluates our performance and ensures that potential concerns are rapidly addressed.

Working with the communities where we operate, the Corporation provided over $2.5 million of direct benefits in the form of education, health and sanitary improvement projects. These ranged from building and rehabilitating schools in West Africa and Asia to supporting health clinics and emergency health services in North Africa, Asia and the Far East. In the United States, our operations and employees are providing needed support in both time and money to local community development and civic organizations.

The Corporation’s commitment to provide necessary emergency relief to communities and individuals impacted by natural disasters was again demonstrated in 2005. Working with international relief organizations, we provided over $2 million to address the impacts of the late 2004 tsunami in Asia. In response to the devastation caused by Hurricanes Katrina and Rita in the United States, we and our employees provided $1.6 million of immediate direct aid. Recognizing that families, especially children, impacted by the hurricanes were struggling to regain a sense of normalcy, we also provided 50,000 Hess Toy Trucks to the United States Marine Corps Reserve Toys for Tots program.

The Corporation works voluntarily with international organizations in support of human rights, environmental protection and good governance. In 2005 we published our eighth annual report on Environment, Health, Safety and Social Responsibility which details our commitment and performance in these areas.