OverviewSuggest Edit
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.
| Type | Public | |
| Founded | 1919 | |
| HQ | New York, US | Map |
| Website | hess.com | |
| Employee Ratings | More | |
| Culture score | D+ | More |
Key People/Management at Hess
John B. Hess
Chief Executive Officer, Director
James H. Quigley
Chairman
Gregory P. Hill
President and Chief Operating Officer
Rodney F. Chase
Director
Leonard S. Coleman
Director
Terrence J. Checki
Director
Hess Office Locations
Hess has offices in New York, Columbia, Houston, Minot and in 7 other locations
New York, US (HQ)
1185 6th Ave
Columbia, US
Columbia, SC, USA
Houston, US
Hess Tower, 1501 McKinney St
Minot, US
3015 16th St SW #20
Steubenville, US
4525 Sunset Blvd
Tioga, US
10384 68th St NW
Hess Financials and Metrics
Hess Revenue
Hess's revenue was reported to be $6.51 b in FY, 2019
| USD | |
|---|---|
Revenue (Q1, 2020) | 1.4b |
Net income (Q1, 2020) | (2.4b) |
Market capitalization (21-May-2020) | 14.1b |
Closing stock price (21-May-2020) | 47.2 |
Cash (31-Mar-2020) | 2.1b |
EV | 20.8b |
Hess's current market capitalization is $14.1 b.
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 34.6b | 37.9b | 38.4b | 24.4b | 11.4b | 6.6b | 4.8b | 5.4b | 6.5b | 6.5b |
Revenue growth, % | (53%) | (42%) | (27%) | |||||||
General and administrative expense | 662.0m | 702.0m | 707.0m | 709.0m | 588.0m | 557.0m | 415.0m | 434.0m | 473.0m | 397.0m |
R&D expense | 865.0m | 1.2b | 1.1b | 1.0b | 840.0m | 881.0m | 1.4b | 507.0m | 362.0m | 233.0m |
Quarterly
| USD | Q1, 2010 | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 9.2b | 7.8b | 9.0b | 10.5b | 9.7b | 9.3b | 9.6b | 4.1b | 4.1b | 2.7b | 5.5b | 3.6b | 2.8b | 1.6b | 1.9b | 1.7b | 993.0m | 1.3b | 1.2b | 1.3b | 1.2b | 1.7b | 1.4b | 1.6b | 1.8b | 1.6b | 1.7b | 1.5b | 1.4b |
General and administrative expense | 155.0m | 159.0m | 151.0m | 164.0m | 167.0m | 172.0m | 167.0m | 149.0m | 167.0m | 153.0m | 153.0m | 143.0m | 139.0m | 147.0m | 151.0m | 119.0m | 98.0m | 106.0m | 106.0m | 96.0m | 100.0m | 113.0m | 110.0m | 129.0m | 143.0m | 87.0m | 89.0m | 90.0m | 102.0m |
R&D expense | 151.0m | 172.0m | 225.0m | 313.0m | 253.0m | 196.0m | 259.0m | 219.0m | 200.0m | 154.0m | 119.0m | 460.0m | 90.0m | 269.0m | 90.0m | 144.0m | 132.0m | 199.0m | 78.0m | 58.0m | 53.0m | 40.0m | 40.0m | 62.0m | 169.0m | 34.0m | 43.0m | 50.0m | 189.0m |
Operating expense total | 306.0m | 331.0m | 376.0m | 477.0m | 420.0m | 368.0m | 426.0m | 368.0m | 367.0m | 307.0m | 272.0m | 603.0m | 402.0m | 416.0m | 241.0m | 263.0m | 230.0m | 305.0m | 184.0m | 154.0m | 153.0m | 153.0m | 150.0m | 191.0m | 312.0m | 121.0m | 132.0m | 140.0m | 358.0m |
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.6b | 351.0m | 642.0m | 1.8b | 2.4b | 2.7b | 2.7b | 4.8b | 2.7b | 1.5b |
Accounts Receivable | 4.5b | 4.8b | 4.1b | 3.1b | 1.6b | 847.0m | 957.0m | 230.0m | 230.0m | |
Prepaid Expenses | 1.0b | 1.6b | 2.1b | 1.2b | 1.6b | 130.0m | 54.0m | 519.0m | 180.0m | |
Inventories | 1.5b | 1.4b | 1.3b | 954.0m | 527.0m | 399.0m | 323.0m | 232.0m | 245.0m | 261.0m |
Quarterly
| USD | Q1, 2010 | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 1.4b | 1.4b | 2.4b | 2.0b | 2.2b | 827.0m | 396.0m | 409.0m | 528.0m | 444.0m | 725.0m | 321.0m | 1.3b | 2.2b | 4.1b | 1.5b | 931.0m | 3.0b | 3.6b | 3.1b | 3.5b | 2.7b | 2.5b | 2.5b | 3.7b | 2.9b | 3.0b | 2.3b | 2.2b | 1.9b | 2.1b |
Accounts Receivable | 4.5b | 3.9b | 3.9b | 4.9b | 4.1b | 3.8b | 4.7b | 4.2b | 3.9b | 1.6b | 1.6b | 1.4b | 2.8b | 2.3b | 2.7b | 1.4b | 1.5b | 1.2b | 612.0m | 843.0m | 771.0m | 775.0m | 801.0m | 933.0m | 729.0m | 784.0m | 291.0m | 248.0m | 192.0m | 233.0m | 194.0m |
Prepaid Expenses | 1.5b | 1.4b | 865.0m | 759.0m | 807.0m | 973.0m | 1.4b | 1.7b | 2.2b | 903.0m | 750.0m | 822.0m | 1.1b | 871.0m | 869.0m | 560.0m | 632.0m | 527.0m | 120.0m | 111.0m | 108.0m | 196.0m | 124.0m | 142.0m | 52.0m | 59.0m | 52.0m | 144.0m | 138.0m | 124.0m | |
Inventories | 1.4b | 1.6b | 1.7b | 1.6b | 1.4b | 1.5b | 1.4b | 1.3b | 1.2b | 686.0m | 683.0m | 695.0m | 1.1b | 842.0m | 817.0m | 546.0m | 569.0m | 535.0m | 416.0m | 377.0m | 403.0m | 377.0m | 376.0m | 372.0m | 239.0m | 231.0m | 263.0m | 274.0m | 278.0m | 289.0m | 230.0m |
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 2.1b | 1.7b | 2.0b | 5.1b | 2.3b | (3.1b) | (6.1b) | (4.1b) | (282.0m) | (408.0m) |
Depreciation and Amortization | 2.3b | 2.4b | 2.9b | 2.8b | 3.2b | 4.0b | 3.2b | 2.9b | 1.9b | 2.1b |
Inventories | (16.0m) | 4.0m | 168.0m | 116.0m | 62.0m | 29.0m | 77.0m | (64.0m) | (12.0m) | (16.0m) |
Accounts Payable | 1.1b | 544.0m | (30.0m) | (675.0m) | 86.0m | (424.0m) | (87.0m) | (44.0m) | 88.0m | 4.0m |
Quarterly
| USD | Q1, 2010 | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 538.0m | 913.0m | 2.1b | 929.0m | 1.5b | 1.8b | 545.0m | 1.1b | 1.7b | 1.3b | 2.7b | 3.1b | 386.0m | 1.3b | 2.3b | (389.0m) | (956.0m) | (1.2b) | (509.0m) | (901.0m) | (1.2b) | (324.0m) | (773.0m) | (1.4b) | (106.0m) | (236.0m) | (278.0m) | 32.0m | 26.0m | (186.0m) | (2.4b) |
Depreciation and Amortization | 542.0m | 1.1b | 1.7b | 558.0m | 1.1b | 1.7b | 681.0m | 1.5b | 2.2b | 679.0m | 1.3b | 2.0b | 752.0m | 1.5b | 2.3b | 956.0m | 2.0b | 3.0b | 868.0m | 1.7b | 2.5b | 737.0m | 1.5b | 2.2b | 417.0m | 861.0m | 1.4b | 498.0m | 992.0m | 1.5b | 561.0m |
Inventories | (13.0m) | 25.0m | 1.0m | (55.0m) | (52.0m) | (48.0m) | (7.0m) | 1.0m | (35.0m) | (29.0m) | (33.0m) | (44.0m) | 31.0m | ||||||||||||||||||
Accounts Payable | (360.0m) | (197.0m) | (266.0m) | (115.0m) | (150.0m) | (189.0m) | (135.0m) | (64.0m) | (140.0m) | (204.0m) | (130.0m) | (127.0m) | (263.0m) |
| USD | Y, 2020 |
|---|---|
EV/CFO | 46.7 x |
Financial Leverage | 2.5 x |
Hess Online and Social Media Presence
8.31k Twitter followers
Hess has 8.31k Twitter Followers. The number of followers has increased 0.5% month over month and increased 1.6% quarter over quarter
Hess's Trends
Twitter Engagement Stats for @HessCorporation
1.2k
Tweets
471
Following
8.3k
Followers
9
Tweets last 30 days
3.8
Avg. likes per Tweet
88.9%
Tweets with engagement
Hess Company Culture
Overall Culture
D+
59/100
CEO Rating
C
68/100
Compensation
C
63/100
Diversity
C
65/100
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.
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, James H. Quigley and Gregory P. Hill.
How many employees does Hess have?
Hess has 1,775 employees.
What is Hess revenue?
Latest Hess annual revenue is $6.5 b.
What is Hess revenue per employee?
Latest Hess revenue per employee is $3.7 m.
Who are Hess competitors?
Competitors of Hess include Marathon Oil, WPX Energy and ConocoPhillips.
Where is Hess headquarters?
Hess headquarters is located at 1185 6th Ave, New York.
Where are Hess offices?
Hess has offices in New York, Columbia, Houston, Minot and in 7 other locations.
How many offices does Hess have?
Hess has 11 offices.
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