Hess

  • Revenue$7.5 BFY, 2021
  • Market Capitalization$32.9 B2022-08-04

OverviewSuggest Edit

Hess is a global independent energy company engaged in the exploration and production of crude oil and natural gas. The company is also involved in crude oil and natural gas gathering, processing of natural gas and fractionation of natural gas liquids, transportation of crude oil by rail car, terminating and loading crude oil and natural gas liquids, as well as storage and terminating of propane.

TypePublic
Founded1933
HQNew York, NY, USMap
Websitehess.com
Employee Ratings3.9
Overall CultureDMore
View Jobs (27)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2021)1,545(-4%)
Job Openings27
Revenue (FY, 2021)$7.5 B(+61%)
Share Price (Aug 2022)$99.9(-5%)
Cybersecurity ratingCMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Hess

John B. Hess

John B. Hess

Chief Executive Officer, Director
Gregory P. Hill

Gregory P. Hill

President and Chief Operating Officer
Timothy B. Goodell

Timothy B. Goodell

Senior Vice President, General Counsel, Corporate Secretary and Chief Compliance Officer
Richard Lynch

Richard Lynch

Senior Vice President, Technology and Services
Raymond J. McGuire

Raymond J. McGuire

Director
John P. Rielly

John P. Rielly

Senior Vice President and Chief Financial Officer
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Hess Office Locations

Hess has offices in New York, Houston, Minot, Tioga and in 2 other locations
New York, NY, US (HQ)
1185 6th Ave
Houston, TX, US
Hess Tower, 1501 McKinney St
Minot, ND, US
3015 16th St SW #20
Tioga, ND, US
10384 68th St NW
Washington, DC, US
800 Connecticut Ave NW
Kuala Lumpur, MY
Level 14, Menara 3 Petronas
Show all (6)

Hess Financials and Metrics

Hess Revenue

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View revenue for all periods
Hess's revenue was reported to be $7.47 b in FY, 2021
USD

Revenue (Q1, 2022)

2.4b

Net income (Q1, 2022)

505.0m

Market capitalization (4-Aug-2022)

32.9b

Closing stock price (4-Aug-2022)

99.9

Cash (31-Mar-2022)

1.4b
Hess's current market capitalization is $32.9 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

6.5b4.7b7.5b

Revenue growth, %

3%(28%)

Cost of goods sold

1.4b1.3b1.4b

Gross profit

5.1b3.3b6.1b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

1.6b1.7b1.6b1.4b833.0m1.2b1.9b1.6b1.8b2.4b

Cost of goods sold

305.0m331.0m368.0m345.0m310.0m342.0m302.0m359.0m375.0m

Gross profit

1.3b1.3b1.2b1.0b523.0m817.0m1.6b1.2b1.4b

Gross profit Margin, %

81%80%77%75%63%70%84%77%79%
show all
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.7b1.5b1.7b

Accounts Receivable

771.0m940.0m710.0m

Inventories

245.0m261.0m378.0m

Current Assets

4.5b3.2b3.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q1, 2022

Cash

3.7b2.9b3.0b2.3b2.2b1.9b2.1b1.6b1.3b1.9b1.4b

Accounts Receivable

729.0m784.0m891.0m868.0m868.0m889.0m600.0m428.0m551.0m151.0m136.0m

Inventories

239.0m231.0m263.0m274.0m278.0m289.0m230.0m360.0m422.0m219.0m243.0m

Current Assets

5.0b4.7b4.5b3.8b3.7b3.4b4.3b3.1b3.1b3.5b3.3b
show all
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(115.0m)(240.0m)(2.8b)559.0m

Depreciation and Amortization

1.9b2.1b2.1b1.5b

Inventories

(12.0m)(16.0m)(117.0m)135.0m

Accounts Payable

88.0m4.0m(533.0m)241.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

(65.0m)(152.0m)(149.0m)75.0m109.0m(57.0m)(2.4b)(2.6b)(2.8b)252.0m179.0m294.0m417.0m

Depreciation and Amortization

417.0m861.0m1.4b498.0m992.0m1.5b561.0m1.1b1.6b396.0m781.0m1.1b337.0m

Inventories

(7.0m)1.0m(35.0m)(29.0m)(33.0m)(44.0m)31.0m(99.0m)(161.0m)159.0m137.0m97.0m(20.0m)

Accounts Payable

(135.0m)(64.0m)(140.0m)(204.0m)(130.0m)(127.0m)(263.0m)(520.0m)(681.0m)(127.0m)(56.0m)169.0m81.0m
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USDQ1, 2018

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

1.8 x
Show all financial metrics

Hess Operating Metrics

Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020

Crude Oil Produced per Day, mbbl

134133155146164161166169191183168178

Natural Gas Liquids Produced per Day, mbbl

374040394043524756636361

Natural Gas Produced per Day, mcf

504 k553 k611 k553 k572 k535 k563 k572 k611 k528 k540 k554 k

Average Selling Price per Barrel (Crude Oil, Including Hedging, Worldwide)

$59.32$62.65$66.08$60.77$55.91$60.45$56.03$56.77$45.94$38.46$45.6$44.28

Hess Acquisitions / Subsidiaries

Company NameDateDeal Size
Marquette Exploration LLCSeptember 08, 2011$750 m
Bakken AcreageDecember 29, 2010$1.05 b
American Oil & GasJuly 27, 2010
Triton EnergyJuly 10, 2001$3.2 b
Meadville CorporationFebruary 14, 2000
Hess Asia Holdings Inc.
Hess Bakken Investments III, LLC
Hess Bakken Investments II, LLC
Hess Bakken Investments IV, LLC
Hess Baldpate-Penn State LLC
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Hess Revenue Breakdown

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Hess revenue breakdown by business segment: 56.3% from Crude Oil, 13.2% from Natural Gas, 7.7% from Natural Gas Liquids and 22.8% from Sales of purchased oil and gas

Hess revenue breakdown by geographic segment: 10.1% from Guyana, 9.9% from Malaysia and JDA, 72.0% from United States and 8.1% from Other

Human Capital Metrics

Source: www.sec.gov, www.sec.gov, www.sec.gov, www.sec.gov, craft.co, craft.co
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Hess Cybersecurity Score

Cybersecurity ratingPremium dataset

C

72/100

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Hess Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Hess Online and Social Media Presence

Hess's Trends

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Hess Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    D

    59/100

  • Compensation

    C+

    67/100

  • Diversity

    C-

    62/100

Learn more on Comparably

Hess News and Updates

March 17, 2020

Hess, Concho, Callon join Exxon in tightening budget amid oil crash

U.S. producers Hess Corp, Concho Resources Inc and Callon Petroleum Co on Tuesday followed oil major Exxon Mobil Corp in cutting their spending for the year, as oil prices continued to trade below $30 a barrel.
March 05, 2020

Daily Dividend Report: General Dynamics, Hess, Verizon Communications, Amgen, Philip Morris

Daily Dividend Report: General Dynamics, Hess, Verizon Communications, Amgen, Philip Morris
February 04, 2020

Hess, Petronas deliver first gas from North Malay Basin

* Hess Malaysia said it and partner Petronas Carigali delivered first gas from Phase 2 of the North Malay Basin Integrated Gas Development Project on schedule.
January 29, 2020

Oil producer Hess reports bigger quarterly loss

U.S. oil and gas producer Hess Corp reported a bigger adjusted quarterly loss on Wednesday, hurt by lower realized selling prices of natural gas and natural gas liquids.
January 28, 2020

UPDATE 1-Oil producer Hess boosts 2020 spending on Guyana, Bakken ramp-up

U.S. oil and gas producer Hess Corp said it would spend 11% more in 2020 compared with last year, betting heavily on its assets in offshore Guyana and the Bakken shale play.
January 28, 2020

Oil producer Hess boosts 2020 spending on Guyana, Bakken investments

U.S. oil and gas producer Hess Corp expects higher spending in 2020 as it looks to develop its assets in Guyana and Bakken shale play.
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 Hess Frequently Asked Questions

  • When was Hess founded?

    Hess was founded in 1933.

  • Who are Hess key executives?

    Hess's key executives are John B. Hess, Gregory P. Hill and Timothy B. Goodell.

  • How many employees does Hess have?

    Hess has 1,545 employees.

  • What is Hess revenue?

    Latest Hess annual revenue is $7.5 b.

  • What is Hess revenue per employee?

    Latest Hess revenue per employee is $4.8 m.

  • Who are Hess competitors?

    Competitors of Hess include Devon Energy, Murphy Oil and Tallgrass Energy.

  • Where is Hess headquarters?

    Hess headquarters is located at 1185 6th Ave, New York.

  • Where are Hess offices?

    Hess has offices in New York, Houston, Minot, Tioga and in 2 other locations.

  • How many offices does Hess have?

    Hess has 6 offices.