Hess Corporation selects IBM Cognos Software as Business Intelligence Standard

Global energy company will use IBM Cognos BI to drive more accurate, on-demand reporting, analysis and decision-making across its Marketing and Refining business

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Burlington, Mass. - 12 Jun 2008: Cognos, an IBM company and world leader in business intelligence and performance management solutions, today announced that Hess Corporation has chosen IBM Cognos BI to deliver a full range of business intelligence capabilities across its Marketing and Refining organization.

A leading global integrated energy company, Hess Corporation is
engaged in the exploration and production of crude oil and natural
gas, as well as the production and sale of refined petroleum, natural
gas, and electricity products. Looking to deliver unified access to
critical information in its downstream operations, Hess executives
decided to standardize its performance management on a single BI
solution.

After an extensive review of competitive offerings, Hess chose
Cognos because it delivers the complete spectrum of business
intelligence functionality on a single platform, simplifying
deployment and use. Specifically, Hess will use IBM Cognos 8 Business Intelligence (BI) within its retail, refining, finance, energy
marketing and corporate divisions, connecting all information into a
single, enterprise view to provide greater visibility into core
business drivers such as customer profitability, inventory levels, and
risk positions. Finance managers and business analysts, for instance, will use the software to analyze performance trends and best model future year growth. In retail, IBM Cognos BI will be used to support its U.S. chain of over 1,300 Hess gasoline stations and Hess Express convenience stores, helping managers facilitate analysis and reporting on key store operations metrics - including product, category and segment sales, store performance against plan, and store-by-store comparisons - in order to easily identify trends and make necessary adjustments that drive customer satisfaction and profitable growth.

Hess operations and marketing managers will also be able to use
IBM Cognos 8 BI Analysis for Microsoft Excel to perform multidimensional analysis on their data using a familiar spreadsheet environment. With IBM Cognos 8 Go! Mobile, corporate executives, as well as regional and district managers, will be able to use their wireless handheld devices to read and securely interact with corporate performance information and make informed decisions regardless of their location or time.

"IBM Cognos BI offers Hess the best approach to arming management with self-service access to their information that will ultimately lead to more streamlined operations and better decision-making," said Jeff Steinhorn, Chief Information Officer at Hess Corporation. "We now have a single, intuitive business intelligence solution that moves us to an environment where we can exploit and interact with all of our information systems to better identify trends, drill-down into details, and conduct performance analysis across the downstream organization."

IBM Cognos 8 Business Intelligence provides decision makers at all
levels of the enterprise with groundbreaking capabilities to better
manage performance by delivering a consistent, accurate view of all
business information. As a complete, flexible product, IBM Cognos 8 BI easily integrates into existing infrastructures with multiple systems and data sources. Its simplified BI environment improves user adoption, enables better decision-making, and provides a robust foundation for departmental BI, enterprise BI and performance management.

"Performance management is all about empowering the right users
with the right information to make the kind of decisions that can
positively impact customer service, operations and overall
organizational growth," said Susan Gold, Vice President of Industry
Marketing & Solutions at Cognos. "We are proud to see such a reputable
organization as Hess Corporation invest their trust in our solutions,
recognizing the critical role IBM Cognos solutions play in helping
them drive visibility into corporate performance and enable a true
on-demand enterprise."

About Hess:

Hess Corporation, with headquarters in New York, is a global
integrated energy company engaged in the exploration, production,
purchase, transportation and sale of crude oil and natural gas, as
well as the production and sale of refined petroleum, natural gas and electricity products. More information on Hess Corporation is
available at www.hess.com.

About Cognos, an IBM company:

Cognos, an IBM company, is the world leader in business
intelligence and performance management solutions. It provides
world-class enterprise planning and BI software and services to help companies plan, understand and manage financial and operational performance. Cognos was acquired by IBM in January 2008. For more information, visit http://www.ibm.com/software/data/ and http://www.cognos.com.

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