X0202 4 2007-03-21 0 0000004447 HESS CORP HES 0001191121 OCONNOR JOHN J HESS CORPORATION 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036 1 1 0 0 Executive Vice President Common Stock, $1.00 par value 2007-03-21 4 M 0 200000 19.43 A 732420 D Common Stock, $1.00 par value 2007-03-21 4 S 0 100000 53.00 D 632420 D Common Stock, $1.00 par value 2007-03-21 4 S 0 100000 54.00 D 532420 D Option to purchase Common Stock 19.43 2007-03-21 4 M 0 200000 0.00 D 2002-11-07 2011-11-07 Common Stock, $1.00 par value 200000 100000 D Common Stock acquired upon exercise of options granted under the Corporation's Second Amended and Restated 1995 Long-Term Incentive Plan. This amount includes 466,000 shares held in escrow pursuant to the Corporation's Second Amended and Restated 1995 Long-Term Incentive Plan. The reporting person has only voting power of these shares until lapsing of the period set by the Committee administering the Plan at which time the shares plus accrued dividends will be delivered to the reporting person if he is still an employee of the Corporation. Reflects antidilution adjustment which reduced exercise price to $19.43 and increased outstanding options by 200,000 shares as a result of a 3 for 1 stock split effected on May 31, 2006. George C. Barry for John J. O'Connor 2007-03-22