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 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 | 1933 | |
| HQ | New York, NY, US | Map |
| Website | hess.com | |
| Employee Ratings | More | |
| Overall Culture | D | More |
Key People/Management at Hess
John B. Hess
Gregory P. Hill
Timothy B. Goodell
Richard Lynch
John P. Rielly
C. Martin Dunagin
Hess Office Locations
Hess Financials and Metrics
Hess Revenue
| USD | |
|---|---|
Revenue (Q1, 2021) | 1.9b |
Net income (Q1, 2021) | 336.0m |
Market capitalization (31-Dec-2021) | 22.9b |
Closing stock price (31-Dec-2021) | 74.0 |
Cash (31-Mar-2021) | 1.9b |
EV | 38.3b |
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.3b | 1.5b | 1.8b | 1.6b | 1.7b | 1.6b | 1.4b | 833.0m | 1.2b | 1.9b |
Cost of goods sold | 327.0m | 330.0m | 313.0m | 305.0m | 331.0m | 368.0m | 345.0m | 310.0m | 342.0m | |
Gross profit | 1.0b | 1.2b | 1.5b | 1.3b | 1.3b | 1.2b | 1.0b | 523.0m | 817.0m | |
Gross profit Margin, % | 76% | 78% | 83% | 81% | 80% | 77% | 75% | 63% | 70% |
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 3.7b | 2.9b | 3.0b | 2.3b | 2.2b | 1.9b | 2.1b | 1.6b | 1.3b | 1.9b |
Accounts Receivable | 729.0m | 784.0m | 891.0m | 868.0m | 868.0m | 889.0m | 600.0m | 428.0m | 551.0m | 151.0m |
Inventories | 239.0m | 231.0m | 263.0m | 274.0m | 278.0m | 289.0m | 230.0m | 360.0m | 422.0m | 219.0m |
Current Assets | 5.0b | 4.7b | 4.5b | 3.8b | 3.7b | 3.4b | 4.3b | 3.1b | 3.1b | 3.5b |
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (65.0m) | (152.0m) | (149.0m) | 75.0m | 109.0m | (57.0m) | (2.4b) | (2.6b) | (2.8b) | 252.0m |
Depreciation and Amortization | 417.0m | 861.0m | 1.4b | 498.0m | 992.0m | 1.5b | 561.0m | 1.1b | 1.6b | 396.0m |
Inventories | (7.0m) | 1.0m | (35.0m) | (29.0m) | (33.0m) | (44.0m) | 31.0m | (99.0m) | (161.0m) | 159.0m |
Accounts Payable | (135.0m) | (64.0m) | (140.0m) | (204.0m) | (130.0m) | (127.0m) | (263.0m) | (520.0m) | (681.0m) | (127.0m) |
| USD | Q1, 2018 |
|---|---|
Debt/Equity | 0.6 x |
Debt/Assets | 0.3 x |
Financial Leverage | 1.8 x |
Hess Operating Metrics
| 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 |
Hess Acquisitions / Subsidiaries
| 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 Bakken Processing LLC |
Hess Revenue Breakdown
Hess revenue breakdown by business segment: 67.5% from Crude Oil, 6.4% from Natural Gas Liquids, 13.9% from Natural Gas and 12.3% from Other
Hess revenue breakdown by geographic segment: 77.2% from United States, 7.5% from Guyana, 10.9% from Malaysia and JDA and 4.3% from Other
Hess Cybersecurity Score
Hess Environment, Social & Governance (ESG) Ratings
Hess Online and Social Media Presence
8.62k Twitter followers
Hess has 8.62k Twitter Followers. The number of followers has increased 0.6% month over month and increased 1.9% quarter over quarter
Hess's Trends
Twitter Engagement Stats for @HessCorporation
1.5k
Tweets
471
Following
8.6k
Followers
26
Tweets last 30 days
3.7
Avg. likes per Tweet
100%
Tweets with engagement
Hess Company Culture
Overall Culture
D
58/100
CEO Rating
C-
63/100
Compensation
C-
62/100
Diversity
C-
64/100
Hess News and Updates
Hess, Concho, Callon join Exxon in tightening budget amid oil crash
Daily Dividend Report: General Dynamics, Hess, Verizon Communications, Amgen, Philip Morris
Hess, Petronas deliver first gas from North Malay Basin
Oil producer Hess reports bigger quarterly loss
UPDATE 1-Oil producer Hess boosts 2020 spending on Guyana, Bakken ramp-up
Oil producer Hess boosts 2020 spending on Guyana, Bakken investments
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 1,621 employees.
What is Hess revenue?
Latest Hess annual revenue is $4.7 b.
What is Hess revenue per employee?
Latest Hess revenue per employee is $2.9 m.
Who are Hess competitors?
Competitors of Hess include Marathon Oil, Tallgrass Energy and Devon 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 3 other locations.
How many offices does Hess have?
Hess has 7 offices.
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