Oil and gas company Hess has exploration and production operations worldwide. In 2015 Hess reported proved reserves totaling more than 1.4 billion barrels of oil equivalent. That year, 51% of the company's total proved reserves were located in the US; 61% of its crude oil and natural gas liquids (NGLs) production, and some 32% of its natural gas production came from its US operations. In a major shift in strategy, Hess has sold all of its downstream businesses (refining and petroleum product and energy marketing) in order to focus on its exploration and production activities.