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.
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TypePublic
Founded1919
HQKuala Lumpur, MY
Websitehess.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2017)2,075(-9%)
Job Openings33
Revenue (FY, 2017)$5.5 B(+15%)
Share Price (Feb 2019)$57.6 (+3%)

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 Kuala Lumpur, Houston, New York, Tripoli and in 7 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 (15-Feb-2019)

17.1b

Closing stock price (15-Feb-2019)

57.6

Cash (30-Sep-2018)

3.0b

EV

20.7b
Hess's current market capitalization is $17.1 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

19.6 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, barrels per day

330 k
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Hess Online and Social Media Presence

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Hess News and Updates

Hess Corp posts smaller quarterly loss

U.S. oil and gas producer Hess Corp on Wednesday reported a smaller quarterly loss from a year earlier, when the company recorded a $1.70 billion charge related to the reduction in the value of some of its Gulf of Mexico assets.

Trump blasted OPEC this past year. Hess CEO says the oil producer group deserves praise

Hess CEO John Hess says OPEC plays an important role in the oil market and deserves recognition.

MOVES-Close Brothers Asset Management names Andrew Hess managing director

U.K.-based Close Brothers Asset Management on Monday named Andrew Hess managing director of its recently launched office in the West End of London. Hess, who has over 30 years of experience in managing funds for high net-worth clients, previously worked as an investment director at Rathbones.

Hess Market Cap Plunges $1.5 Billion as Major Project Halted

Hess Market Cap Plunges $1.5 Billion as Major Project Halted

Hess Corp sees oil output growing 10 percent per year through 2025

U.S. oil and gas producer Hess Corp said Wednesday it expects output of barrels of oil equivalent to grow more than 10 percent per year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana projects.

Hess Corp. to spend about $2.9 billion in capex in 2019, from $2.1 billion in 2018

Hess Corp. on Monday unveiled its capital budget for 2019, saying it plans on spending $2.9 billion next year and allocate about three-quarters of that money in assets it called "high-return growth" in the U.S.'s Bakken formation and in Guyana. There will be more rigs and more well drilling in the…
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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 Kuala Lumpur, Houston, New York, Tripoli and in 7 other locations.

  • How many offices does Hess have?

    Hess has 12 offices.