More NewsHess Selects Triple Point Software to Manage Oil Trading, Risk, and Logistics

Hess Selects Triple Point Software to Manage Oil Trading, Risk, and Logistics

Hess Corporation has selected Triple Point Tehnology’s Commodity XL for Oil to manage its supply, trading, risk, and logistics for crude oil and refined products.

Hess is a Fortune 100 company engaged in the exploration, development, production, purchase, transportation, and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products. The corporation also manufactures, purchases, trades, and markets refined petroleum and other energy products.

Hess required a proven front-to-back office solution for its value chain – from trading and scheduling to planning and forecasting to back office and settlement. Commodity XL provides Hess with real-time visibility into market position and exposure, while PhysOps Visual Cockpit provides Hess with supply chain logistics and inventory management support.

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