Announces Regular Quarterly Dividend on Common Stock

NEW YORK, September 3, 2003 -- The Board of Directors of Amerada Hess Corporation (NYSE:AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on September 30, 2003 to holders of record at the close of business on September 15, 2003.

Reports Results for the Second Quarter

NEW YORK, July 29, 2003 -- Amerada Hess Corporation (NYSE:AHC) reported net income of $252 million, including gains on asset sales, for the second quarter of 2003 compared with income of $149 million for the second quarter of 2002. Net income was $428 million in the first half of 2003 compared with $289 million in the corresponding period of 2002. Income from continuing operations was $63 million and $252 million in the second quarter and first half of 2003, respectively.

In the second quarter of 2003, the Corporation sold Gulf of Mexico Shelf properties, the Jabung Field in Indonesia and several small United Kingdom fields for approximately $445 million. Discontinued operations includes net gains from these asset sales and income from operations prior to the sales. Exploration and production earnings in the second quarter of 2003 include a previously announced after-tax charge of $23 million for accrued severance and a reduction in London leased office space.

The Corporation's oil and gas production, on a barrel-of-oil equivalent basis, was 376,000 barrels per day in the second quarter of 2003 compared to 469,000 barrels per day in the second quarter of 2002. In the second quarter of 2003, the Corporation's average worldwide crude oil selling price, including the effect of hedging, was $24.10 per barrel, a decrease of $.26 per barrel from the second quarter of 2002. The Corporation's average United States natural gas selling price, including the effect of hedging, was $4.09 per Mcf in the second quarter of 2003, an increase of $.53 per Mcf from the second quarter of 2002.

Refining and marketing earnings were higher in the second quarter of 2003 compared with the second quarter of 2002. In the second quarter of 2003, the Corporation sold its interest in a shipping joint venture for approximately $55 million and recorded a $20 million loss which is included in refining and marketing earnings. Refining and marketing earnings in the second quarter of 2002 included after-tax charges totaling $22 million for accrued severance and the reduction in carrying value of intangible assets. Refining margins at HOVENSA were higher in the second quarter of 2003 than in the second quarter of 2002 and earnings from retail gasoline station operations increased in the second quarter of 2003 compared with the corresponding period of 2002.

Corporate expenses include $8 million and $11 million of after-tax charges resulting from early repayment of debt in the second quarter and first half of 2003, respectively.

Sales and other operating revenues in the second quarter of 2003 amounted to $3,199 million compared with $2,694 million in the second quarter of 2002. Capital expenditures in the second quarter of 2003 amounted to $367 million of which $339 million related to exploration and production activities. Capital expenditures in the second quarter of 2002 amounted to $418 million, including $351 million for exploration and production.

Schedules Earnings Release Conference Call

NEW YORK, July 8, 2003 -- Amerada Hess Corporation (AHC) announced today that it will hold a conference call on Tuesday, July 29 at 1:00 p.m. Eastern Daylight Time to discuss its second quarter 2003 earnings release. To phone into the conference call, parties in the United States should dial 1-800-289-0496 any time after 12:45 p.m. Eastern Daylight Time. Outside the United States, parties should dial 1-913-981-5519. This conference call will also be available by webcast at www.hess.com (audio only). Forward looking and material information may be discussed during the conference call.

A replay of the conference call will be available from July 29, 2003 through August 6, 2003 by dialing 1-888-203-1112 and entering the pass code 426643. Outside the United States, parties should dial 1-719-457-0820 and enter the pass code 426643.

Amerada Hess, headquartered in New York, 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.

Anadarko Acquires Gulf of Mexico Shelf Properties

HOUSTON, June 9, 2003--Anadarko Petroleum Corporation (NYSE:APC) today announced it has acquired the majority of Gulf of Mexico shelf properties of Amerada Hess Corporation (NYSE:AHC) for approximately $225 million, after customary closing adjustments.

The 26 acquired fields have estimated proved reserves of nearly 23 million barrels of oil equivalent (BOE), of which about 60 percent is natural gas. Approximately $190 million of the purchase price was allocated to the proved reserves; the remainder was attributed to unproven potential that will be evaluated over the next several years. Current daily net production is 4,000 barrels of oil and 57 million cubic feet of natural gas. The acquisition is expected to add about 2.5 million BOE to the company's 2003 volumes.

"These are high quality assets with excellent profit margins and a lot of upside," said Anadarko Chairman, President and CEO Robert J. Allison, Jr. "There's considerable opportunity for reserve additions and production growth on these properties."

The company has identified more than 50 development opportunities including production enhancements, recompletions and low risk development wells, and as many as 10 exploration prospects that can be drilled over the next few years. The identified exploration prospects are located in high potential deep shelf gas plays, which Anadarko has been pursuing.

More than 60 percent of the reserves are concentrated within three fields: South Timbalier blocks 172 and 190/205/206 and South Pass 89.

"The key producing fields lie within our active fairway, which means we expect to benefit from operational efficiencies," Allison said.

"And we've hedged the current production with costless collars providing a minimum cash margin of $21 per BOE over the next two years," he said.

Cash flow from the properties for the remainder of 2003 is projected to be $75 million, generating a cash margin of more than $29 per BOE based on the current NYMEX forward curve for oil and gas prices.

The company funded the acquisition with available cash and credit facilities.

Divestitures

Anadarko intends to sell about $100 million in total properties this year, excluding $40 million of assets in New Mexico that the company sold in the first quarter. Additional asset sales intended for closing prior to year end include about 20 properties in West Texas and 40 to 50 properties in the Gulf of Mexico, amounting to up to 400,000 BOE in 2003 volumes.

"Our aim is to focus on our key assets and reduce costs," Allison said. "At the end of the year, we expect to have fewer Gulf of Mexico fields but higher margins. This is an ongoing strategy that has allowed us to high-grade our portfolio, increase cash margins per barrel and add growth potential."

Anadarko Petroleum Corporation is one of the world's largest independent oil and gas exploration and production companies. Houston-based Anadarko is active in the U.S., Canada, Algeria, Venezuela and Qatar and is executing strategic exploration programs in several other countries.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that its goals will be achieved. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. While Anadarko makes these forward-looking statements in good faith, neither Anadarko nor its management can guarantee that the anticipated future results will be achieved. Anadarko discloses proved reserves that comply with the Securities and Exchange Commission's (SEC) definitions. Additionally, Anadarko may disclose estimated recoverable reserves, which the SEC guidelines do not allow us to include in filings with the SEC. See Additional Factors Affecting Business in the Management's Discussion and Analysis included in the company's 2002 Annual Report on Form 10-K.

To Invest $200 Million in Thai Gas Field

BANGKOK, Thailand, 2003 June 9, 2003--U.S. integrated oil company Amerada Hess Corp. (NYSE:AHC) said on Friday it plans to invest about $200 million in exploration and production operations in northeast Thailand over the next two years.

Jan Evensen, general manager of Amerada Hess (Thailand) Ltd. told Reuters the planned investment would be made at its Phu Horm-3 concession block in northeast Udon Thani province, which he estimated contains 400-800 billion cubic feet of dry natural gas.

"We plan to spend in the magnitude of $200 million in the next five years," Evensen said.

He said recent production tests at Phu Horm-3 produced a daily flow of 46 million cubic feet (1.3 million cubic metres) of gas.

Evensen said Amerada Hess planned to start commercial gas production from Phu Horm-3 from mid-2005, but would try to bring the date forward to late 2004.

He said gas produced from the block would be fed to a power plant in nearby Khon Kaen Province.

Amerada Hess(Thailand) Limited and APICO LLC, a U.S. based oil and gas company, each have a 40% interest in Block E5N (following completion of a farm-in by APICO) and PTT Exploration and Production Pcl, the national exploration and production company of Thailand, has a 20% interest. Amerada Hess (Thailand) Limited and APICO also own the outstanding working interest in Block EU1. PTT has the right to back in to Block EU1 for a 20% working interest at commerciality. Continental Southern Resources (OTC:CSOR) owns an approximate 22% interest in APICO , which equates to an approximate 9% interest in the Phu Horm Project.

About Continental Southern Resources

Continental has a 4.5% interest in Oklahoma's Potato Hills Deep Gas Project, operated by the GHK Company; an option to purchase a 10% interest in the Indian Prospect, an ongoing 21,000 foot Hunton test in the deep Anadarko Basin of Western Oklahoma, operated by The GHK Company, currently at a drill depth of 7,000 feet; a 21.5% ownership interest in Apico LLC which equates to a 9% interest in Thailand's Phu Horm project operated by Amerada Hess (NYSE:AHC). In addition, Continental has a 50% interest in the Knox Miss Project on 125,000 gross acres in the Black Warrior Basin in Northern Mississippi and Alabama, operated by Clayton Williams Exploration (NASDAQ:CWEI); a 40% interest in the Hell Hole Bayou in Louisiana, which has already drilled two initially unsuccessful exploration wells, but which Continental believes contains several remaining prospects on approximately 900 acres that Continental intends to pursue over the next year. Continental also owns a 25% interest in Louisiana Shelf Partners, L.P. which owns shallow and deep prospects located on 3,600 acres in Cameron Parish in offshore Louisiana, and which should be drilling its initial exploration well in the next 30 days. Continental has also identified two other prospects which it will have an option to purchase from GHK, the Big O Prospect, a bypassed fractured shale gas play in the Texas-Oklahoma panhandle region, and the Mountain From Prospect, along the frontal Wichita Mountains of Western Oklahoma.

This release contains certain forward-looking statements regarding potential future events and development affecting the business of the Company.

These forward-looking statements involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause actual results, performance or achievements of the company to be materially different from the future results, performance, achievements or other expectations expressed or implied by these forward -looking statements.

Completes Sale of Gulf of Mexico Shelf Properties

NEW YORK, Jun 9, 2003 -- Amerada Hess Corporation (AHC) today announced several initiatives to reshape its portfolio of producing assets, reduce costs and improve financial returns. First, the Corporation has sold mature Gulf of Mexico Shelf properties to Anadarko Corporation for $260 million before exercise of preferential rights and customary closing adjustments, which will result in a second quarter after-tax gain of approximately $75 million. The properties sold had proved reserves of 25 million barrels of oil equivalent at April 1, 2003 and averaged production of approximately 16,000 barrels of oil equivalent per day during the first quarter of 2003.

Net proceeds from asset dispositions during the second quarter, primarily this transaction and the sales of interests in the Jabung Field in Indonesia, the Montrose, Arbroath and Arkwright Fields in the United Kingdom North Sea and a very large crude carrier, will total approximately $500 million. These proceeds will provide capital for investment in the development of new fields as well as funds to reduce debt. The total after-tax gain from asset dispositions in the second quarter will be approximately $170 million.

Second, Amerada Hess announced that it has reached agreement with EnCana Corporation, the Calgary based oil and gas company, to exchange interests in certain mature properties in the United Kingdom North Sea, primarily in the Scott and Telford Fields, for an additional interest in the Llano Field, an oil and gas field under development in the Gulf of Mexico, and $17 million. This transaction is expected to close in the third quarter of 2003 and will result in a small gain. Subject to certain approvals, Amerada Hess will transfer to EnCana 14% interests in both the Scott Field and the Telford Field and a 42.08% interest in certain parts of Block 15/21 not contained in the Scott and Telford Field Units. Amerada Hess will retain a 20.95% interest in the Scott Field, a 17.42% interest in the Telford Field and its 76.54% interest in the Ivanhoe, Rob Roy and Hamish Fields on Block 15/21. The Corporation's share of production from the 14% interests in the Scott and Telford Fields being transferred averaged an aggregate of 10,000 barrels of oil equivalent per day in the first quarter of 2003. The Corporation also will transfer operatorship of the Scott and Telford Fields to EnCana.

EnCana will pay to Amerada Hess $17 million and transfer to Amerada Hess its 22.50% working interest in the Llano Field in the Gulf of Mexico on Garden Banks Blocks 385 and 386 and its 20% working interest in Garden Banks Blocks 387 and 388, bringing Amerada Hess' working interest in the Llano Field to 50%. Production from the Llano Field is expected to begin during the second quarter of 2004 and is expected to average a gross rate of 40,000 barrels of oil equivalent per day at peak. Facilitated by the sale of the Gulf of Mexico Shelf properties and the transfer of operatorship to EnCana and consistent with its drive to reduce costs, Amerada Hess plans a reduction in force of approximately 30% of employees and contractors in its Exploration and Production operations. Reflecting the reduction, Amerada Hess will downsize its office facilities in Aberdeen and London. One time costs will be approximately $70 million ($45 million after-tax). These costs will be charged to income as specific liabilities are incurred. It is anticipated that approximately $30 million of the after-tax one time costs will be reflected in second quarter results. The reduction in staff and facilities will result in annual cost savings of approximately $50 million ($30 million after-tax).

Amerada Hess confirmed its previous forecast that production in 2003 will average about 360,000 barrels of oil equivalent per day.

About Amerada Hess Corporation

Amerada Hess, headquartered in New York, 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.

Announces Regular Quarterly Dividend On Common Stock

NEW YORK, June 4, 2003 -- The Board of Directors of Amerada Hess Corporation (AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on June 30, 2003 to holders of record at the close of business on June 16, 2003.

Reports Results for the First Quarter of 2003

NEW YORK, April 29, 2003-- Amerada Hess Corporation (NYSE: AHC) reported net income of $176 million for the first quarter of 2003 compared with income of $141 million for the first quarter of 2002.

The Corporation's oil and gas production, on a barrel-of-oil equivalentbasis, was 421,000 barrels per day in the first quarter of 2003, a decrease of 8% from the first quarter of 2002. In the first quarter of 2003, the Corporation's average worldwide crude oil selling price, including the effect of hedging, was $25.55 per barrel, an increase of $2.60 per barrel from the first quarter of 2002. The Corporation's average United States natural gas selling price, including the effect of hedging, was $4.89 per Mcf in the firstquarter of 2003, an increase of $1.46 per Mcf from the first quarter of 2002.

Exploration and production earnings include after-tax gains from asset sales of $31 million and $28 million in the first quarters of 2003 and 2002, respectively. The gain in the first quarter of 2003 reflects the sale of the Corporation's 1.5% interest in the Trans Alaska Pipeline System. Results in the first quarter of 2003 included higher exploration expense than the first quarter of 2002.

On February 26, 2003, the Corporation exchanged its crude oil producing properties in Colombia, plus $10 million in cash, for an additional 25% interest in natural gas reserves in the joint development area of Malaysia and Thailand. This transaction resulted in a net loss from discontinued operations of $47 million, including $13 million of operating income from January 1 through the date of disposition. Effective January 1, 2003, the Corporation adopted the provisions of FAS No. 143, Accounting for Asset Retirement Obligations, and recorded a net benefit of $7 million from the cumulative effect of the accounting change.

Refining and marketing results improved in the first quarter of 2003 compared with the first quarter of 2002, principally reflecting higher refining margins and increased energy marketing earnings due to a colder winter.

Sales and other operating revenues in the first quarter of 2003 amounted to $4,297 million compared with $2,958 million in the first quarter of 2002. Capital expenditures in the first quarter of 2003 amounted to $341 million of which $321 million related to exploration and production activities. Capital expenditures in the first quarter of 2002 amounted to $445 million, including $427 million for exploration and production.

Announces Sale of Interest in Jabung PSC

NEW YORK, April 23, 2003 -- Amerada Hess Corporation (NYSE: AHC) announced today that it completed the sale of its 30% interest in the Jabung PSC to a consortium comprising PetroChina International (Jabung) Limited and Petronas Carigali (Jabung) Limited for a total cash consideration of $164 million, including working capital.

The sale includes the Company's 20% interest in an associated downstream project for development of facilities for the processing and sale of LPG and light naphtha. Approximately $22 million of the consideration is deferred and will be payable to Amerada Hess if certain milestones are reached on this project.

The Jabung PSC is located onshore Sumatra, Indonesia and includes the North Geragai, Makmur, Gemah, Northeast Betara and North Betara oil and gas fields.

About Amerada Hess Corporation

Amerada Hess, headquartered in New York, 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.

Schedules Earnings Release Conference Call

NEW YORK, April 15, 2003 -- Amerada Hess Corporation (NYSE: AHC) announced today that it will hold a conference call on Tuesday, April 29 at 11:00 a.m. Eastern Daylight Time to discuss its first quarter 2003 earnings release. To phone into the conference call, parties in the United States should dial 1-800-967-7185 any time after 10:45 a.m. Eastern Daylight Time. Outside the United States, parties should dial 1-719-457-2634. This conference call will also be available by webcast at www.hess.com (audio only). Forward looking and material information may be discussed during the conference call.

A replay of the conference call will be available from April 29, 2003 through May 6, 2003 by dialing 1-888-203-1112 and entering the pass code 335264. Outside the United States, parties should dial 1-719-457-0820 and enter the pass code 335264.

Announces Regular Quarterly Dividend On Common Stock

NEW YORK, March 5, 2003 -- The Board of Directors of Amerada Hess Corporation (NYSE:AHC) today declared a regular quarterly dividend of 30 cents per share payable on the Common Stock of the Corporation on March 31, 2003 to holders of record at the close of business on March 17, 2003.

Reports Results for the Fourth Quarter of 2002

NEW YORK, January 30, 2003 -- Amerada Hess Corporation (NYSE: AHC) reported a net loss, including special items, of $371 million for the fourth quarter of 2002 compared with income of $54 million for the fourth quarter of 2001. For the full year, the net loss was $218 million compared with income of $914 million in 2001. Operating earnings, excluding special items, amounted to income of $145 million for the fourth quarter of 2002 and $551 million for the year.

The after-tax results by major operating activity in 2002 and 2001 were as follows (in millions, except per share amounts):

The Corporation's oil and gas production, on a barrel-of-oil equivalent basis, was 434,000 barrels per day in the fourth quarter of 2002, a decrease of 7% from the fourth quarter of 2001. Full year 2002 production averaged 451,000 barrels per day, an increase of 4% over last year. In the fourth quarter of 2002, the Corporation's average worldwide crude oil selling price, including the effect of hedging, was approximately $24.70 per barrel, an increase of $3.65 per barrel from the fourth quarter of 2001. The average crude oil selling price for the full year of 2002 was $24.80 per barrel, an increase of $.50 per barrel from 2001. The Corporation's average United States natural gas selling price, including the effect of hedging, was $4.36 per Mcf in the fourth quarter of 2002, an increase of $1.49 per Mcf from the fourth quarter of 2001. The average United States natural gas selling price for the full year of 2002 was $3.65 per Mcf, a decrease of $.34 per Mcf from 2001.

Refining and marketing results for the year 2002 decreased compared with 2001, principally reflecting lower earnings from refining and retail gasoline station operations.

The Corporation recorded an impairment charge of $530 million, after-tax, in the fourth quarter of 2002 to reduce the carrying value of the Ceiba field in Equatorial Guinea. The non-cash charge principally results from a reduction in probable reserves and higher field development costs associated with extending the field life. There was no revision to Ceiba's proved crude oil reserves. In the fourth quarter, the Corporation also recorded a gain from the sale of an interest in two small producing properties in Azerbaijan.

Sales and other operating revenues in the fourth quarter of 2002 amounted to $3,297 million compared with $2,881 million in the fourth quarter of 2001. Sales and other operating revenues for the year 2002 were $11,932 million compared with $13,413 million in 2001. Capital expenditures for the year 2002 amounted to $1,534 million, including $1,404 million for exploration and production activities. Capital expenditures for the year 2001 were $5,221 million, including $2,720 for the purchase of Triton Energy Limited.

Schedules Earnings Release Conference Call

NEW YORK, January 21, 2003 -- Amerada Hess Corporation (NYSE:AHC) announced today that it will hold a conference call on Thursday, January 30 at 10:00 a.m. Eastern Standard Time to discuss its fourth quarter 2002 earnings release. To phone into the conference call, parties in the United States should dial 1-877-502-9276 any time after 9:45 a.m. Eastern Standard Time. Outside the United States, parties should dial 1-913-981-5591. This conference call will also be available by webcast at http://www.hess.com (audio only). Forward looking and material information may be discussed during the conference call.

A replay of the conference call will be available from January 30, 2003 through February 6, 2003 by dialing 1-888-203-1112 and entering the pass code 693408. Outside the United States, parties should dial 1-719-457-0820 and enter the pass code 693408.