Davis Polk & Wardwell LLP advised Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated as joint book-running managers on an SEC-registered offering by Hess Corporation of $750 million principal amount of 6% notes due 2040.

Davis Polk is also advising Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated as dealer managers on a pending tender offer under which Hess Corporation is offering to purchase, using the proceeds of the notes offering, any and all of its outstanding 6.65% notes due 2011.

Hess Corporation is a global integrated energy company engaged in the exploration for and the production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products.

The Davis Polk corporate team included partner Michael Kaplan and associates Ross A. Oliver, Erik Niit (not yet admitted) and Abdurahman Ravat (not yet admitted). Partner Po Sit and associate Kevin J. Brogan provided tax advice. Partner Gail A. Flesher and associate Adam Riedel (not yet admitted) provided environmental advice. Natalie Chan was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.