Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  SACHIN J. MEHRA
 2. Date of Event Requiring Statement (Month/Day/Year)
03/03/2008		 3. Issuer Name and Ticker or Trading Symbol
HESS CORP [HES]
(Last)
(First)
(Middle)
HESS CORPORATION, 1185 AVENUE OF THE AMERICAS		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President and Treasurer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10036		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, $1.00 par value 8,600
D (1)
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option to purchase Common Stock 05/08/2008 05/08/2017 Common Stock, $1.00 par value 3,000 $ 58.14 D  
Option to purchase Common Stock 05/08/2009 05/08/2017 Common Stock, $1.00 par value 3,000 $ 58.14 D  
Option to purchase Common Stock 05/08/2010 05/08/2017 Common Stock, $1.00 par value 3,000 $ 58.14 D  
Option to purchase Common Stock 02/06/2009 02/06/2018 Common Stock, $1.00 par value 2,800 $ 81.85 D  
Option to purchase Common Stock 02/06/2010 02/06/2018 Common Stock, $1.00 par value 2,800 $ 81.85 D  
Option to purchase Common Stock 02/06/2011 02/06/2018 Common Stock, $1.00 par value 2,800 $ 81.85 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SACHIN J. MEHRA
HESS CORPORATION
1185 AVENUE OF THE AMERICAS
NEW YORK, NY 10036		       Vice President and Treasurer  

Signatures

George C. Barry for Sachin J. Mehra 03/03/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares are 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.

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