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.
TypePublic
HQNew York, US
Founded1919
Size (employees)2,304 (est)
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 $4.84 b in FY, 2016 which is a 27% decrease from the previous period.
USD

Revenue (Q2, 2018)

2.9 b

Gross profit (Q2, 2018)

2.3 b

Gross profit margin (Q2, 2018), %

80%

Net income (Q2, 2018)

(152 m)

Market capitalization (14-Sep-2018)

19.8 b

Closing stock price (14-Sep-2018)

66

Cash (30-Jun-2018)

2.9 b

EV

23.3 b
Hess's current market capitalization is $19.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

24.4 b11.4 b6.6 b4.8 b

Revenue growth, %

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

Cost of goods sold

2 b1.9 b

Gross profit

4.6 b3 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

2 b1.7 b973 m1.2 b1.2 b1.3 b1.2 b1.3 b2.9 b

Cost of goods sold

503 m508 m436 m455 m421 m359 m375 m288 m576 m

Gross profit

1.5 b1.2 b537 m769 m756 m918 m841 m1.1 b2.3 b

Gross profit Margin, %

74%70%55%63%64%72%69%79%80%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

1.8 b2.4 b2.7 b2.7 b

Inventories

954 m527 m399 m323 m

Current Assets

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

Cash

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

Inventories

695 m1.1 b842 m817 m546 m569 m535 m416 m377 m403 m377 m376 m239 m231 m

Current Assets

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

PP&E

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

Net Income

(3 b)(6.1 b)

Depreciation and Amortization

4 b3.2 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

(567 m)(252 m)(488 m)(373 m)(317 m)(296 m)(65 m)(152 m)

Depreciation and Amortization

1 b988 m868 m797 m811 m737 m417 m861 m

Accounts Payable

(135 m)(64 m)

Cash From Operating Activities

210 m635 m
USDY, 2018

EV/CFO

36.7 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

Exclusive: U.S. energy group Hess Corp's SE Asia assets attract bid interest - sources

SINGAPORE (Reuters) - The Southeast Asian offshore natural gas assets of U.S. oil and gas producer Hess Corp, estimated to be worth as much as $5 billion, have attracted takeover interest from firms including Thailand's PTTEP PCL and Austrian energy group OMV AG, people familiar with the matter said…

ENGlobal Reports Second Quarter 2018 Results

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Approved Oil Company Welcomes John McConnell as Senior Business Development Executive

NEW YORK, July 30, 2018 /PRNewswire/ -- The "Approved Companies" are pleased to announce and welcome John McConnell as Senior Business Development Executive. John will be responsible for the growth and development of profitable new business while maintaining key customer relationships. We ...

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Ivanka Trump's loyal fans are racing to stores to buy what's left of her brand

Ivanka Trump's fashion company announced on Tuesday that it would be shutting down. The news led to mixed reactions online. While boycotters of the brand celebrated on social media, some fans headed out to stores to pick up the remaining pieces of her collection and offered their support on Facebo…
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Hess Company Life and Culture

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