Section 1 Conflict Minerals Disclosure
Item 1.01
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Conflict Minerals Disclosure and Report
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Introduction
This Form SD of Hess Corporation (the
Company
) has been prepared pursuant to Rule
13p-1
promulgated under the Securities Exchange Act of 1934, as amended (
Rule
13p-1
),
for January 1, 2018 to December 31, 2018 (the
Reporting Period
).
Rule
13p-1
and Form
SD require companies to disclose certain information regarding products manufactured, or contracted to manufacture, when: (a) identified products contain one or more of the following minerals: gold, columbite-tantalite (coltan), cassiterite, or
wolframite, or their derivatives tantalum, tin, and tungsten (
Conflict Minerals
); (b) Conflict Minerals are necessary to the functionality or production of those products; and (c) Conflict Minerals originated in the
Democratic Republic of the Congo or an adjoining country (the
Covered Countries
).
The Company is a global exploration and production
company engaged in the exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids and natural gas. Less than 1% of the Companys global revenue for the Reporting Period was derived from the sale of
products containing Conflict Minerals.
Conflict Minerals Program
The Company is committed to responsible supply chain practices and has adopted a policy to guide its efforts to identify the sources of Conflict Minerals and
comply with Rule
13p-1.
The policy is posted on the Companys website at
http://www.hess.com/sustainability/how-we-operate
under Avoiding Use of Conflict Minerals. The Company established a Conflict Minerals Program (the
Program
) in support of this commitment and the information presented in this report was gathered pursuant to the Program. The Program is comprised of the following three broad areas of activities that are to be conducted annually:
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(1)
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determine the products that are covered under Rule
13p-1
and which
suppliers are in scope;
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(2)
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conduct a reasonable country of origin inquiry and, if necessary, perform additional due diligence to more
fully understand the source and chain of custody of any Conflict Minerals in order to reasonably determine whether the Conflict Minerals originated in any of the Covered Countries; and
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(3)
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report the results of the due diligence process to the Securities and Exchange Commission (the
SEC
), as well as to relevant stakeholders and the public.
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Product Review
The Company had previously performed a review of all products it manufactured or contracted to manufacture to determine whether any products contained one or
more Conflict Minerals necessary to the functionality or production of the product. For 2018, the Company examined its operations, including acquisitions and new entities formed by the Company, to identify any additional products the Company
manufactured or contracted to manufacture that would be covered by Rule
13p-1.
No additional products were identified, resulting in the determination that the following product is subject to Rule
13p-1
for the Reporting Period: toy trucks (the
Covered Product
).
The Company did not manufacture
the Covered Product described in this report; rather it contracted the manufacturing of the Covered Product through its supply chain. The Companys supply chain in respect to the Covered Product includes several third parties between the
ultimate manufacturer of the Covered Product and the