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Hess Corporation
Hess Corporation (formerly Amerada Hess Corporation) is an American global independent energy company involved in the oil exploration, exploration and production of Petroleum, crude oil and natural gas. It was formed by the merger of Hess Oil and Chemical and Amerada Petroleum in 1968. Leon Hess was Chief executive officer, CEO from the early 1960s through 1995, after which his son John B. Hess, John B Hess succeeded him as chairman and CEO. The company agreed to be acquired by rival oil company Chevron in October 2023. Headquartered in New York City, the company ranked 394th in the 2016 annual ranking of Fortune 500 corporations. In 2020, the Forbes Global 2000, ''Forbes'' Global 2000 ranked Hess as the 1,253rd largest public company in the world. The company had exploration and production operations on-shore in the United States (North Dakota) and Libya; and off-shore in the United States (Gulf of Mexico), Canada, South America (Guyana and Suriname) and Southeast Asia (Malaysia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003. By country Forbes Global 2000 as of 2023: 2023 list In 2023, the ten largest companies as calculated by this method were: 2022 list In 2022, the ten largest companies as calculated by this method were: 2021 list In 2021, the ten largest companies as calculated by this method were: 2020 list In 2020, the ten largest companies as calculated by this method were: 2019 list In 2019, the ten largest companies as calculated by this method were: 2018 list In 2018, the ten largest companies as calculated by this method were: As a group, the ''Forbes'' Global 2000 in year 2018 accounts for $39.1* trillion in sales, $3.2 trillion in profit, $189* trillion in assets and $56.8* trillion in market value. By industry sector The top-ranked companies in each industry sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overproduction
In economics, overproduction, oversupply, excess of supply, or glut refers to excess of supply over demand of products being offered to the market. This leads to lower prices and/or unsold goods along with the possibility of unemployment. The demand side equivalent is underconsumption; some consider supply and demand two sides to the same coin – excess supply is only relative to a given demand, and insufficient demand is only relative to a given supply – and thus consider overproduction and underconsumption equivalent. In lean thinking, overproduction of goods or goods in process is seen as one of the seven wastes (Japanese term: '' muda'') which do not add value to a product, and is considered "the most serious" of the seven.EKU OnlineThe Seven Wastes of Lean Manufacturing ''Eastern Kentucky University'', accessed 6 March 2023 Overproduction is often attributed to previous overinvestment – creation of excess productive capacity, which must then either lie idle ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delaware
Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey to its northeast, and the Atlantic Ocean to its east. The state's name derives from the adjacent Delaware Bay, which in turn was named after Thomas West, 3rd Baron De La Warr, an English nobleman and the Colony of Virginia's first colonial-era governor. Delaware occupies the northeastern portion of the Delmarva Peninsula, and some islands and territory within the Delaware River. It is the List of U.S. states and territories by area, second-smallest and List of U.S. states and territories by population, sixth-least populous state, but also the List of U.S. states and territories by population density, sixth-most densely populated. Delaware's List of municipalities in Delaware, most populous city is Wilmington, Delaware, Wilmington, and the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weetman Pearson, 1st Viscount Cowdray
Weetman Dickinson Pearson, 1st Viscount Cowdray, (15 July 1856 – 1 May 1927), known as Sir Weetman Pearson, Bt between 1894 and 1910, and as Lord Cowdray between 1910 and 1917, was an English engineer, oil industrialist, Benefactor (law), benefactor and Liberal Party (UK), Liberal politician. He was the owner of the Pearson plc, Pearson conglomerate. Background Pearson was born on 15 July 1856 at Shelley, West Yorkshire, Shelley, Kirkburton, West Yorkshire, the son of George Pearson (died 1899), owner of the manufacturing and contracting firm ''S. Pearson & Son'', by his wife, Sarah Dickinson, a daughter of Weetman Dickinson, of High Hoyland, South Yorkshire. Business career The family construction business Pearson plc, S. Pearson & Son was founded in 1844 by his grandfather Samuel Pearson (1814–1884). Weetman Pearson took over the company in 1880 and later moved the headquarters from Yorkshire to London. An early proponent of globalization, S. Pearson & Son built the Admi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Suriname
Suriname, officially the Republic of Suriname, is a country in northern South America, also considered as part of the Caribbean and the West Indies. It is a developing country with a Human Development Index, high level of human development; its economy of Suriname, economy is heavily dependent on its abundant Natural resource, natural resources, namely bauxite, gold, petroleum, and Agriculture, agricultural products. Suriname is a member of the Caribbean Community (CARICOM), the United Nations, the Organisation of Islamic Cooperation and the Organization of American States. Situated Tropics, slightly north of the equator, over 90% of its territory is covered by rainforest, List of countries by forest area (percentage), the highest proportion of forest cover in the world. Borders of Suriname, Suriname is bordered by the Atlantic Ocean to the north, French Guiana to the east, Guyana to the west, and Brazil to the south. It is List of South American countries by area, the smalles ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guyana
Guyana, officially the Co-operative Republic of Guyana, is a country on the northern coast of South America, part of the historic British West Indies. entry "Guyana" Georgetown, Guyana, Georgetown is the capital of Guyana and is also the country's largest city. Guyana is bordered by the Atlantic Ocean to the north, Brazil to the south and southwest, Venezuela to the west, and Suriname to the east. With a land area of , Guyana is the third-smallest sovereign state by area in mainland South America after Uruguay and Suriname, and is the List of South American countries by population, second-least populous sovereign state in South America after Suriname; it is also List of countries and dependencies by population density, one of the least densely populated countries on Earth. The official language of the country is English language, English, although a large part of the population is bilingual in English and the indigenous languages. It has a wide variety of natural habitats and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
