New York-based Amerada Hess Corp. on Friday announced it will seek shareholder approval to change its name to Hess Corp. The revised name, said the company, is already “firmly established” in the company’s marketing and refining operations and recognized by customers where the company operates.

“We believe that changing our corporate name to the name under which we do business will promote simplicity and standardization of our brand,” said CEO John B. Hess.

At the shareholder meeting scheduled May 3, the producer also plans to ask for authorization to increase common shares to allow a three-for-one stock split. If approved, the stock split would be declared immediately after the annual meeting. The meeting will include election of four directors, selection of independent auditors for 2006 and a proposal to approve a plan to limit certain compensation of designated senior officers to comply with Section 12(m) of the Internal Revenue Code.

In the United States, Hess currently produces 171 MMcf/d of gas in four areas: the deepwater Gulf of Mexico, North Dakota, the Permian Basin and the onshore Gulf Coast.

©Copyright 2006Intelligence Press Inc. All rights reserved. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc.