On January 29, 2013, Elliott Associates, L.P. announced that it has given a presentation to the shareholders of Hess Corporation in connection with the Company's 2013 annual meeting of the stockholders. In its presentation, Elliott Associates has highlighted the Company's performance and its recommendations to increase the stockholder value, including: to elect 5 new independent directors, and to conduct a strategic and operational review to consider all pathways to maximize value, including: (1) to carry out substantial restructuring program, spin off of Bakken assets to refocus portfolio and management and (2) to improve operations and accountability.