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Complete financial analysis of Hess Corporation (HES) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hess Corporation, a leading company in the Oil & Gas Exploration & Production industry within the Energy sector.
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Hess Corporation (HES)
About Hess Corporation
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. As of December 31, 2021, it had total proved reserves of 1,309 million barrels of oil equivalent. The company was incorporated in 1920 and is headquartered in New York, New York.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.51B | 11.32B | 7.47B | 4.67B | 6.50B | 6.33B | 5.47B | 4.76B | 6.64B | 10.74B | 22.28B | 37.69B | 38.94B | 35.14B | 29.57B | 41.17B | 31.65B | 28.07B | 22.75B | 16.73B | 14.31B | 11.93B | 13.41B | 11.99B | 7.04B | 6.59B | 8.23B | 8.27B | 7.30B | 6.60B | 5.85B | 5.88B | 6.27B | 6.95B | 5.59B | 4.21B | 4.71B | 4.01B | 7.65B |
| Cost of Revenue | 2.26B | 3.41B | 2.93B | 3.42B | 3.54B | 3.19B | 5.71B | 6.29B | 7.42B | 7.25B | 16.63B | 30.62B | 29.13B | 25.33B | 23.60B | 32.40B | 24.15B | 21.16B | 18.05B | 12.80B | 10.74B | 7.98B | 9.45B | 8.96B | 5.21B | 5.36B | 6.67B | 6.35B | 5.52B | 4.70B | 4.46B | 4.22B | 4.65B | 4.93B | 3.95B | 3.08B | 3.56B | 3.22B | 5.89B |
| Gross Profit | 8.25B | 7.91B | 4.54B | 1.25B | 2.95B | 3.14B | -248.00M | -1.53B | -788.00M | 3.49B | 5.66B | 7.07B | 9.82B | 9.80B | 5.97B | 8.76B | 7.49B | 6.91B | 4.70B | 3.94B | 3.57B | 3.95B | 3.97B | 3.03B | 1.83B | 1.23B | 1.56B | 1.92B | 1.78B | 1.90B | 1.39B | 1.65B | 1.62B | 2.02B | 1.64B | 1.13B | 1.15B | 796.30M | 1.77B |
| Gross Profit Ratio | 78.48% | 69.89% | 60.81% | 26.81% | 45.45% | 49.60% | -4.54% | -32.05% | -11.87% | 32.46% | 25.39% | 18.77% | 25.21% | 27.90% | 20.20% | 21.29% | 23.68% | 24.60% | 20.66% | 23.53% | 24.93% | 33.14% | 29.58% | 25.26% | 26.04% | 18.64% | 18.94% | 23.25% | 24.43% | 28.82% | 23.73% | 28.09% | 25.83% | 29.06% | 29.34% | 26.80% | 24.44% | 19.83% | 23.08% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 527.00M | 430.00M | 340.00M | 357.00M | 397.00M | 473.00M | 434.00M | 415.00M | 557.00M | 588.00M | 709.00M | 707.00M | 702.00M | 662.00M | 647.00M | 672.00M | 614.00M | 471.00M | 357.00M | 342.00M | 340.00M | 256.00M | 313.00M | 766.00M | 618.80M | 753.30M | 649.80M | 618.40M | 634.30M | 590.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 2.73B | 3.33B | 2.03B | 936.00M | 1.74B | 1.77B | 1.27B | 0.00 | 0.00 | 0.00 | 867.00M | 1.06B | 1.07B | 1.02B | 1.01B | 1.03B | 944.00M | 940.00M | 842.00M | 737.00M | 709.00M | 703.00M | 663.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 3.26B | 3.76B | 2.37B | 1.29B | 2.13B | 2.24B | 434.00M | 415.00M | 557.00M | 588.00M | 1.58B | 1.76B | 1.77B | 1.68B | 1.66B | 1.70B | 1.56B | 1.41B | 1.20B | 1.08B | 1.05B | 959.00M | 976.00M | 766.00M | 618.80M | 753.30M | 649.80M | 618.40M | 634.30M | 590.60M | 652.20M | 641.40M | 645.40M | 569.20M | 475.90M | 447.90M | 328.10M | 315.20M | 300.50M |
| Other Expenses | 0.00 | 174.00M | 162.00M | 351.00M | 233.00M | 108.00M | 25.00M | 82.00M | -126.00M | -121.00M | -37.00M | 98.00M | 3.77B | 3.40B | 3.27B | 2.03B | 2.25B | 1.91B | 1.56B | 1.45B | 1.61B | 1.84B | 1.56B | 714.00M | 648.70M | 657.00M | 672.70M | 783.20M | 893.10M | 879.70M | 824.70M | 833.40M | 828.80M | 743.50M | 545.90M | 441.40M | 431.50M | 468.20M | 545.40M |
| Operating Expenses | 6.40B | 3.93B | 2.54B | 1.64B | 2.37B | 2.61B | 941.00M | 1.86B | 1.44B | 1.43B | 2.61B | 3.00B | 5.54B | 5.08B | 4.09B | 3.73B | 3.81B | 3.32B | 2.76B | 2.53B | 2.66B | 2.80B | 2.54B | 1.48B | 1.27B | 1.41B | 1.32B | 1.40B | 1.53B | 1.47B | 1.48B | 1.47B | 1.47B | 1.31B | 1.02B | 889.30M | 759.60M | 783.40M | 845.90M |
| Cost & Expenses | 5.27B | 7.34B | 5.47B | 5.06B | 5.91B | 5.79B | 6.66B | 8.15B | 8.86B | 8.68B | 19.23B | 33.62B | 34.67B | 30.41B | 27.69B | 36.13B | 27.96B | 24.48B | 20.81B | 15.33B | 13.41B | 10.78B | 11.98B | 10.44B | 6.47B | 6.77B | 8.00B | 7.75B | 7.05B | 6.17B | 5.94B | 5.70B | 6.12B | 6.24B | 4.97B | 3.97B | 4.32B | 4.00B | 6.73B |
| Interest Income | 0.00 | 461.00M | 480.00M | 463.00M | 380.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 478.00M | 493.00M | 481.00M | 468.00M | 380.00M | 399.00M | 325.00M | 338.00M | 341.00M | 323.00M | 406.00M | 419.00M | 383.00M | 361.00M | 360.00M | 267.00M | 256.00M | 201.00M | 224.00M | 241.00M | 293.00M | 269.00M | 194.00M | 162.00M | 158.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 2.14B | 1.76B | 1.54B | 2.27B | 2.17B | 2.05B | 3.15B | 4.31B | 3.96B | 3.22B | 2.77B | 2.95B | 2.41B | 2.32B | 2.25B | 2.03B | 1.58B | 1.22B | 1.03B | 970.00M | 1.05B | 1.32B | 967.00M | 714.00M | 648.70M | 657.00M | 672.70M | 783.20M | 893.10M | 927.90M | 824.70M | 833.40M | 828.80M | 743.50M | 545.90M | 441.40M | 431.50M | 468.20M | 484.00M |
| EBITDA | 5.09B | 5.79B | 3.51B | -112.00M | 2.78B | 2.67B | -2.31B | 786.00M | -59.00M | 5.98B | 3.01B | 6.62B | 5.61B | 5.99B | 4.40B | 7.00B | 5.26B | 5.47B | 3.48B | 2.77B | 2.13B | 2.43B | 2.35B | 1.98B | 1.05B | 466.00M | 869.70M | 1.31B | 1.15B | 1.36B | 736.60M | 1.01B | 973.30M | 1.45B | 1.16B | 679.10M | 822.10M | 481.10M | 1.40B |
| EBITDA Ratio | 48.43% | 51.48% | 48.40% | 37.09% | 41.59% | 39.88% | 31.45% | -1.20% | -35.44% | 18.03% | 13.53% | 11.07% | 14.40% | 18.56% | 13.99% | 17.45% | 17.17% | 17.87% | 14.70% | 15.66% | 14.50% | 20.37% | 18.32% | 16.51% | 14.89% | 13.05% | 11.72% | 7.83% | 28.70% | 19.87% | 12.23% | 15.55% | 13.15% | 18.94% | 19.21% | 14.78% | 17.33% | 12.94% | 25.90% |
| Operating Income | 5.03B | 4.13B | 2.09B | -343.00M | 579.00M | 529.00M | -1.19B | -3.38B | -2.23B | 1.73B | 3.05B | 3.65B | 3.80B | 3.45B | 1.57B | 5.04B | 3.68B | 3.59B | 1.94B | 1.17B | 905.00M | 1.16B | 1.43B | 1.55B | 565.80M | -182.20M | 237.00M | 522.00M | 256.40M | 432.40M | -88.10M | 175.30M | 144.50M | 706.10M | 617.90M | 237.70M | 390.60M | 12.90M | 920.40M |
| Operating Income Ratio | 47.84% | 36.44% | 27.95% | -7.35% | 8.91% | 8.36% | -21.75% | -71.04% | -33.54% | 16.15% | 13.69% | 9.69% | 9.75% | 9.83% | 5.30% | 12.24% | 11.64% | 12.78% | 8.54% | 6.96% | 6.32% | 9.70% | 10.68% | 12.92% | 8.04% | -2.76% | 2.88% | 6.31% | 3.51% | 6.55% | -1.51% | 2.98% | 2.31% | 10.16% | 11.06% | 5.65% | 8.30% | 0.32% | 12.03% |
| Total Other Income/Expenses | -2.56B | -2.02B | -2.07B | -2.51B | -365.00M | -309.00M | -1.84B | -671.00M | -1.30B | 379.00M | 633.00M | 405.00M | 0.00 | -142.00M | -459.00M | -365.00M | 0.00 | 444.00M | 303.00M | 152.00M | -124.00M | -1.10B | -114.00M | 122.00M | 135.80M | -331.90M | -79.80M | 491.90M | -609.00M | -196.60M | -135.40M | -51.90M | -28.30M | -90.60M | -97.60M | -87.90M | -137.70M | -202.70M | -767.20M |
| Income Before Tax | 2.47B | 3.68B | 1.49B | -2.85B | 221.00M | 220.00M | -5.78B | -3.85B | -4.26B | 2.44B | 4.49B | 4.05B | 2.46B | 3.31B | 1.52B | 4.70B | 3.70B | 4.04B | 2.23B | 1.56B | 781.00M | -51.00M | 1.44B | 1.67B | 701.80M | -514.10M | 126.60M | 1.01B | -352.60M | 235.80M | -223.50M | 123.40M | 116.20M | 615.50M | 520.30M | 149.80M | 252.90M | -189.80M | 153.20M |
| Income Before Tax Ratio | 23.51% | 32.51% | 19.94% | -61.07% | 3.40% | 3.48% | -105.71% | -80.93% | -64.17% | 22.69% | 20.16% | 10.75% | 6.32% | 9.42% | 5.15% | 11.42% | 11.70% | 14.39% | 9.79% | 9.31% | 5.46% | -0.43% | 10.72% | 13.94% | 9.97% | -7.80% | 1.54% | 12.26% | -4.83% | 3.57% | -3.82% | 2.10% | 1.85% | 8.86% | 9.31% | 3.56% | 5.37% | -4.73% | 2.00% |
| Income Tax Expense | 733.00M | 1.11B | 600.00M | -11.00M | 461.00M | 335.00M | -1.84B | 2.22B | -1.30B | 744.00M | 525.00M | 1.80B | 785.00M | 1.17B | 715.00M | 2.34B | 1.87B | 2.12B | 984.00M | 588.00M | 314.00M | 167.00M | 524.00M | 649.00M | 264.20M | -55.20M | 119.10M | 353.80M | 41.80M | 162.10M | 74.20M | 115.90M | 31.90M | 132.80M | 44.00M | 25.60M | 23.00M | 29.60M | 413.60M |
| Net Income | 1.38B | 2.10B | 890.00M | -2.84B | -240.00M | -282.00M | -4.07B | -6.13B | -3.06B | 2.32B | 5.05B | 2.22B | 1.70B | 2.13B | 740.00M | 2.36B | 1.83B | 1.92B | 1.24B | 977.00M | 643.00M | -218.00M | 914.00M | 1.02B | 437.60M | -458.90M | 7.50M | 660.10M | -394.40M | 73.70M | -268.20M | 7.50M | 84.30M | 482.70M | 476.30M | 124.20M | 229.90M | -219.40M | -260.40M |
| Net Income Ratio | 13.15% | 18.51% | 11.91% | -60.83% | -3.70% | -4.46% | -74.53% | -128.77% | -46.05% | 21.58% | 22.67% | 5.88% | 4.37% | 6.05% | 2.50% | 5.73% | 5.79% | 6.83% | 5.46% | 5.84% | 4.49% | -1.83% | 6.81% | 8.53% | 6.22% | -6.96% | 0.09% | 7.98% | -5.40% | 1.12% | -4.58% | 0.13% | 1.35% | 6.95% | 8.52% | 2.95% | 4.88% | -5.46% | -3.40% |
| EPS | 4.52 | 6.80 | 2.90 | -9.31 | -0.80 | -0.95 | -12.97 | -19.79 | -10.78 | 7.63 | 15.01 | 5.98 | 5.05 | 6.52 | 2.28 | 7.35 | 5.86 | 6.75 | 4.32 | 3.46 | 2.40 | -0.82 | 3.46 | 3.83 | 1.63 | -1.70 | 0.03 | 2.36 | -1.41 | 0.26 | -0.97 | 0.03 | 0.35 | 1.99 | 1.96 | 0.51 | 0.91 | -0.86 | -1.02 |
| EPS Diluted | 4.49 | 6.77 | 2.88 | -9.31 | -0.80 | -0.95 | -12.97 | -19.79 | -10.78 | 7.53 | 14.82 | 5.95 | 5.01 | 6.47 | 2.27 | 7.24 | 5.74 | 6.08 | 3.93 | 3.19 | 2.37 | -0.82 | 3.42 | 3.79 | 1.62 | -1.70 | 0.03 | 2.36 | -1.41 | 0.26 | -0.97 | 0.03 | 0.35 | 1.98 | 1.95 | 0.50 | 0.91 | -0.86 | -1.02 |
| Weighted Avg Shares Out | 305.90M | 308.10M | 307.40M | 304.80M | 301.20M | 298.18M | 314.02M | 309.89M | 283.51M | 303.70M | 336.60M | 338.40M | 336.90M | 326.00M | 323.90M | 320.80M | 312.70M | 278.10M | 272.70M | 268.36M | 265.85M | 264.56M | 264.09M | 267.19M | 269.08M | 269.21M | 281.53M | 279.31M | 279.34M | 279.87M | 276.77M | 250.25M | 241.10M | 241.99M | 242.84M | 245.38M | 252.01M | 254.68M | 255.06M |
| Weighted Avg Shares Out (Dil) | 307.60M | 309.60M | 309.30M | 304.80M | 301.20M | 298.20M | 314.10M | 309.90M | 283.60M | 307.70M | 340.90M | 340.30M | 339.90M | 328.30M | 326.00M | 325.80M | 319.30M | 315.70M | 312.10M | 306.30M | 271.03M | 264.56M | 267.39M | 269.63M | 270.84M | 269.21M | 281.53M | 279.58M | 279.34M | 279.87M | 276.77M | 250.25M | 243.42M | 243.21M | 243.67M | 247.00M | 252.01M | 254.68M | 255.06M |
Hess Announces Regular Quarterly Dividend On Common Stock
NEW YORK--(BUSINESS WIRE)--Hess Announces Regular Quarterly Dividend On Common Stock.
Hess Midstream LP to Participate in Wells Fargo Annual Midstream, Energy & Utilities Symposium
HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP TO PARTICIPATE IN WELLS FARGO ANNUAL MIDSTREAM, ENERGY & UTILITIES SYMPOSIUM.
Why Is Hess (HES) Up 9.1% Since Last Earnings Report?
Hess (HES) reported earnings 30 days ago. What's next for the stock?
DIRTT Welcomes Holly Hess Groos to the Board of Directors
CALGARY, Alberta, Nov. 26, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”), a leader in industrialized construction, is pleased to announce that Holly Hess Groos is joining the DIRTT Board of Directors effective November 26, 2024...
Hess to Participate in Wolfe Research Oil & Gas Conference
NEW YORK--(BUSINESS WIRE)--Hess to Participate in Wolfe Research Oil & Gas Conference.
Focus: Chevron CEO under pressure to halt share slide as Hess deal stalls
Five years ago, Chevron CEO Michael Wirth won Wall Street acclaim as the No. 2 U.S. oil company briefly achieved a market value larger than Exxon Mobil's after he refused to get into a bidding war with Occidental Petroleum over...
Hess Midstream Operations Are Great And Overshadowed By The Acquisition
Hess reported unfavorable United States results and has for some time. Hess Midstream services the largest part of the United States business. Clearly, the profitability situation needs to be fixed.
Hess Q3 Earnings Beat Estimates, Revenues Rise Year Over Year
HES' Q3 earnings benefit from higher oil-equivalent production. The company also raised its full-year 2024 capital expenditure guidance.
Hess (HES) Tops Q3 Earnings and Revenue Estimates
Hess (HES) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.88 per share. This compares to earnings of $1.64 per share a year ago.
Hess posts quarterly profit beat as Guyana oil output stays strong
Hess Corp beat estimates for third-quarter profit on Wednesday, helped by higher oil production in Guyana.
Source: https://incomestatements.info
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