Hess is an exploration and production company, which develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The Company is also involved in crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminating and loading crude oil and natural gas liquids, and the storage and terminating of propane.

Employee Rating

3.6More
TypePublic
HQNew York, US
Founded1919
Size (employees)2,075 (est)-9%
Websitehess.com
Hess was founded in 1919 and is headquartered in New York, US
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Key People/Management at Hess

John B. Hess

John B. Hess

CEO
Gregory P. Hill

Gregory P. Hill

Chief Operating Officer and President, Exploration & Production
Zhanna Golodryga

Zhanna Golodryga

Senior Vice President, Services and Chief Information Officer
Timothy B. Goodell

Timothy B. Goodell

Senior Vice President and General Counsel
Richard Lynch

Richard Lynch

Senior Vice President, Global Drilling, Completions and Development
Brian Truelove

Brian Truelove

Senior Vice President, Offshore
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Hess Office Locations

Hess has offices in Tioga, Minot, Steubenville, Tripoli and in 6 other locations
Houston, US (HQ)
1501 McKinney St
New York, US (HQ)
1185 6th Ave
Minot, US
20 3015 16th St SW
Steubenville, US
4525 Sunset Blvd
Tioga, US
10384 68th St NW
Copenhagen, DK
Ostergade 26B
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Hess Financials and Metrics

Hess Revenue

Hess's revenue was reported to be $5.47 b in FY, 2017
USD

Revenue (Q3, 2018)

1.8b

Gross profit (Q3, 2018)

1.5b

Gross profit margin (Q3, 2018), %

85.2%

Net income (Q3, 2018)

3.0m

Market capitalization (14-Nov-2018)

16.6b

Closing stock price (14-Nov-2018)

56.0

Cash (30-Sep-2018)

3.0b

EV

20.3b
Hess's current market capitalization is $16.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

24.4b11.4b6.6b4.8b5.5b

Revenue growth, %

(53%)(42%)(27%)

Cost of goods sold

2.1b2.0b1.9b1.4b

Gross profit

22.3b4.6b2.9b4.0b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

2.7b5.6b2.8b2.7b2.0b1.7b973.0m1.2b1.2b1.3b1.2b1.4b1.3b1.5b1.8b

Cost of goods sold

475.0m466.0m522.0m487.0m503.0m508.0m436.0m455.0m421.0m359.0m375.0m352.0m288.0m288.0m266.0m

Gross profit

2.2b5.1b2.3b2.3b1.5b1.2b537.0m769.0m756.0m918.0m841.0m1.0b1.1b1.2b1.5b

Gross profit Margin, %

82%92%82%82%74%70%55%63%64%72%69%74%79%81%85%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.8b2.4b2.7b2.7b4.8b

Accounts Receivable

Inventories

954.0m527.0m399.0m323.0m232.0m

Current Assets

8.6b6.7b4.4b4.3b6.2b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

321.0m1.3b2.2b4.1b1.5b931.0m3.0b3.6b3.1b3.5b2.7b2.5b2.5b3.7b2.9b3.0b

Inventories

695.0m1.1b842.0m817.0m546.0m569.0m535.0m416.0m377.0m403.0m377.0m376.0m372.0m239.0m231.0m263.0m

Current Assets

9.3b7.0b8.8b8.9b4.3b3.9b5.6b4.9b4.6b4.9b4.2b4.3b4.1b5.0b4.7b4.5b

PP&E

27.4b29.2b27.2b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

5.2b(3.0b)(6.1b)(3.9b)

Depreciation and Amortization

2.8b4.0b3.2b2.9b

Inventories

Accounts Payable

(675.0m)(424.0m)(87.0m)(44.0m)
Quarterly
USDY, 2018

EV/CFO

19.2 x

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

1.9 x
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Hess Operating Metrics

Y, 2016

Oil Production Volume, barrels per day

330 k
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Hess Online and Social Media Presence

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Hess News and Updates

Hess points to higher E&P budget for 2019

U.S. oil and gas producer Hess Corp said on Wednesday its exploration and production budget in 2019 would be closer to $3 billion.

Hess Corp posts first quarterly profit in about 4 years

U.S. oil and gas producer Hess Corp posted its first quarterly profit since 2014 on Wednesday, benefiting from a recovery in crude prices and a gain of $280 million from the sale of some assets in the Permian basin.

Crude Oil 2018 Global Market Key Players – Hess, ConocoPhillips, Noble Energy, Devon Energy, BP – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global Crude Oil Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Hess Announces Collector's Edition First Hess Truck, Now On Sale

NEW YORK, Oct. 1, 2018 /PRNewswire/ -- Hess Corporation today announced that the special limited Collector's Edition truck, commemorating Hess Corporation's 85th anniversary, is now on sale exclusively at www.hesstoytruck.com for $42.99 with free standard shipping and Energizer® batteries ...

Shale Oil Market 2018 Global Analysis By Key Players – Royal Dutch Shell, Exxon Mobil, BP, Continental Resources, Concho Resources, Hess corporation

WiseGuyReports.Com Publish a New Market Research Report On –“ Shale Oil Market 2018 Global Analysis By Key Players – Royal Dutch Shell, Exxon Mobil, BP, Continental Resources, Concho Resources, Hess corporation”. Posted via Industry Today. Follow us on Twitter @IndustryToday

U.S. oil producer Hess has no plans to sell remaining Asian assets: executive

SINGAPORE (Reuters) - U.S. oil producer Hess Corp has no intention to sell its assets in Asia as the region provides good, steady cash flow and a stable political environment, a senior company executive told Reuters on Tuesday.
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Hess Company Life and Culture

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Hess Frequently Asked Questions

  • When was Hess founded?

    Hess was founded in 1919.

  • Who are Hess key executives?

    Hess's key executives are John B. Hess, Gregory P. Hill and Zhanna Golodryga.

  • How many employees does Hess have?

    Hess has 2,075 employees.

  • What is Hess revenue?

    Latest Hess annual revenue is $5.5 b.

  • What is Hess revenue per employee?

    Latest Hess revenue per employee is $2.6 m.

  • Who are Hess competitors?

    Competitors of Hess include Marathon Oil, Noble Energy and Apache Corporation.

  • Where is Hess headquarters?

    Hess headquarters is located at 1501 McKinney St, Houston.

  • Where are Hess offices?

    Hess has offices in Tioga, Minot, Steubenville, Tripoli and in 6 other locations.

  • How many offices does Hess have?

    Hess has 11 offices.