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.
Type | Public | |
Founded | 1933 | |
HQ | New York, NY, US | Map |
Website | hess.com | |
Employee Ratings | ||
Overall Culture | D | More |
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 |
USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.6b | 1.7b | 1.6b | 1.4b | 833.0m | 1.2b | 1.9b | 1.6b | 1.8b | 2.4b |
Cost of goods sold | 305.0m | 331.0m | 368.0m | 345.0m | 310.0m | 342.0m | 302.0m | 359.0m | 375.0m | |
Gross profit | 1.3b | 1.3b | 1.2b | 1.0b | 523.0m | 817.0m | 1.6b | 1.2b | 1.4b | |
Gross profit Margin, % | 81% | 80% | 77% | 75% | 63% | 70% | 84% | 77% | 79% |
USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 3.7b | 2.9b | 3.0b | 2.3b | 2.2b | 1.9b | 2.1b | 1.6b | 1.3b | 1.9b | 1.4b |
Accounts Receivable | 729.0m | 784.0m | 891.0m | 868.0m | 868.0m | 889.0m | 600.0m | 428.0m | 551.0m | 151.0m | 136.0m |
Inventories | 239.0m | 231.0m | 263.0m | 274.0m | 278.0m | 289.0m | 230.0m | 360.0m | 422.0m | 219.0m | 243.0m |
Current Assets | 5.0b | 4.7b | 4.5b | 3.8b | 3.7b | 3.4b | 4.3b | 3.1b | 3.1b | 3.5b | 3.3b |
USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (65.0m) | (152.0m) | (149.0m) | 75.0m | 109.0m | (57.0m) | (2.4b) | (2.6b) | (2.8b) | 252.0m | 179.0m | 294.0m | 417.0m |
Depreciation and Amortization | 417.0m | 861.0m | 1.4b | 498.0m | 992.0m | 1.5b | 561.0m | 1.1b | 1.6b | 396.0m | 781.0m | 1.1b | 337.0m |
Inventories | (7.0m) | 1.0m | (35.0m) | (29.0m) | (33.0m) | (44.0m) | 31.0m | (99.0m) | (161.0m) | 159.0m | 137.0m | 97.0m | (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) | 169.0m | 81.0m |
USD | Q1, 2018 |
---|---|
Debt/Equity | 0.6 x |
Debt/Assets | 0.3 x |
Financial Leverage | 1.8 x |
Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Crude Oil Produced per Day, mbbl | 134 | 133 | 155 | 146 | 164 | 161 | 166 | 169 | 191 | 183 | 168 | 178 |
Natural Gas Liquids Produced per Day, mbbl | 37 | 40 | 40 | 39 | 40 | 43 | 52 | 47 | 56 | 63 | 63 | 61 |
Natural Gas Produced per Day, mcf | 504 k | 553 k | 611 k | 553 k | 572 k | 535 k | 563 k | 572 k | 611 k | 528 k | 540 k | 554 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 |
Company Name | Date | Deal Size |
---|---|---|
Marquette Exploration LLC | September 08, 2011 | $750 m |
Bakken Acreage | December 29, 2010 | $1.05 b |
American Oil & Gas | July 27, 2010 | |
Triton Energy | July 10, 2001 | $3.2 b |
Meadville Corporation | February 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 |
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
Hess has 8.83k Twitter Followers. The number of followers has increased 0.6% quarter over quarter
1.6k
Tweets
470
Following
8.8k
Followers
10
Tweets last 30 days
3.8
Avg. likes per Tweet
90%
Tweets with engagement
D
58/100
D
59/100
C+
67/100
C-
62/100
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.
Receive alerts for 300+ data fields across thousands of companies