Hess Corporation

Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. We are a leading shale oil and gas producer, a leader in deepwater development and production, and a focused, high impact explorer. It 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.
Company Growth (employees)
Type
Public
HQ
New York, US
Founded
1919
Size (employees)
2,304 (est)
Website
hess.com
Hess Corporation was founded in 1919 and is headquartered in New York, US

Key People at Hess Corporation

John B. Hess

John B. Hess

Chief Executive Officer
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
Howard Paver

Howard Paver

Senior Vice President, Strategy, Commercial and New Business Development
Brian Truelove

Brian Truelove

Senior Vice President, Offshore
Michael R. Turner

Michael R. Turner

Senior Vice President, Onshore
Mykel Ziolo

Mykel Ziolo

Senior Vice President, Human Resources
John P. Rielly

John P. Rielly

Senior Vice President and Chief Financial Officer
William Rothe

William Rothe

CIO, Enterprise Systems
Ewen McRobbie

Ewen McRobbie

Director, Onshore IT
Andrew Slentz

Andrew Slentz

Senior Vice President, Global Human Resources

Hess Corporation Office Locations

Hess Corporation has offices in New York, Houston, Kuala Lumpur, Jersey and in 4 other locations
New York, US (HQ)
1185 6th Ave
Kuala Lumpur, MY
Level 14, Menara 3 Petronas
Houston, US
1501 McKinney St
Show all (7)

Hess Corporation Data and Metrics

Hess Corporation Financial Metrics

Hess Corporation's revenue was reported to be $1.3 b in Q1, 2017
USD

Revenue (Q1, 2017)

1.3 b

Gross profit (Q1, 2017)

918 m

Gross profit margin (Q1, 2017), %

72%

Net income (Q1, 2017)

(296 m)

Market capitalization (18-Aug-2017)

12.1 b

Cash (31-Mar-2017)

2.7 b
Hess Corporation's current market capitalization is $12.1 b.
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

Gross profit Margin, %

69%61%

General and administrative expense

415 m

Operating expense total

2.1 b10.8 b8.7 b

EBIT

4.5 b

EBIT margin, %

18%

Interest expense

341 m338 m

Pre tax profit

(4.3 b)(3.9 b)

Income tax expense

(1.3 b)2.2 b

Net Income

5.2 b(3 b)(6.1 b)
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

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

Cost of goods sold

503 m508 m436 m455 m421 m359 m

Gross profit

1.5 b1.2 b537 m769 m756 m918 m

Gross profit Margin, %

74%70%55%63%64%72%

General and administrative expense

151 m119 m98 m106 m106 m96 m

Operating expense total

151 m119 m98 m106 m106 m96 m

Interest expense

86 m84 m85 m85 m84 m84 m

Pre tax profit

(709 m)(539 m)(834 m)(678 m)(633 m)(309 m)

Income tax expense

(156 m)(300 m)(346 m)(305 m)(316 m)(13 m)

Net Income

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

PP&E

28.8 b

Goodwill

1.9 b1.9 b375 m375 m

Total Assets

42.8 b38.6 b34.2 b28.6 b

Accounts Payable

2.1 b708 m457 m940 m

Total Debt

6.7 b

Current Liabilities

6.6 b4.9 b2.6 b2.3 b

Total Liabilities

13 b

Additional Paid-in Capital

3.5 b3.3 b4.1 b5.8 b

Retained Earnings

21.2 b20.1 b16.6 b10.1 b

Total Equity

24.8 b22.3 b20.4 b15.6 b

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0.2 x

Financial Leverage

1.7 x1.7 x1.7 x1.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

2.2 b4.1 b1.5 b931 m3 b3.6 b3.1 b3.5 b2.7 b

Inventories

842 m817 m546 m569 m535 m416 m377 m403 m377 m

Current Assets

8.8 b8.9 b4.3 b3.9 b5.6 b4.9 b4.6 b4.9 b4.2 b

PP&E

27.2 b

Goodwill

1.9 b1.9 b1.9 b1.5 b1.5 b375 m375 m375 m375 m

Total Assets

41.1 b41 b36.1 b35.6 b36.5 b34.8 b34.2 b34.5 b28.1 b

Accounts Payable

2.3 b2.7 b1.4 b1.5 b1.2 b612 m843 m771 m775 m

Current Liabilities

5.3 b5 b3.5 b3.5 b2.6 b2.2 b2.1 b2.6 b2.1 b

Additional Paid-in Capital

3.5 b3.4 b3.3 b3.3 b4.1 b5.7 b5.7 b5.8 b5.8 b

Retained Earnings

20.9 b21 b19.6 b18.9 b18.5 b16 b15.6 b15.1 b9.7 b

Total Equity

24.4 b24.4 b21.7 b21.1 b22.4 b21.6 b21.2 b20.9 b15.2 b

Financial Leverage

1.7 x1.7 x1.7 x1.7 x1.6 x1.6 x1.6 x1.6 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(3 b)(6.1 b)

Depreciation and Amortization

4 b3.2 b

Cash From Operating Activities

1.2 b
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

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

Depreciation and Amortization

1 b988 m868 m797 m811 m737 m
Y, 2017

Financial Leverage

1.8 x

Hess Corporation Operating Metrics

Y, 2016

Oil Production Volume, barrels per day

330 k

Hess Corporation Market Value History

Hess Corporation Job Categories

Hess Corporation Median Salaries

Source: 91 public H-1B filings from Hess Corporation

Traffic Overview of Hess Corporation

Hess Corporation Online and Social Media Presence

Hess Corporation News and Updates

With a Major Oil Discovery, Guyana Is Poised to Become a Top Producer

Exxon Mobil and Hess may soon confirm that the sea floor beneath the South American country’s coastal waters contains one of the richest energy discoveries in decades.

Standing Rock activists target Dakota Access's profits to further strain pipeline

Operator has suggested that shippers had a right to terminate their contracts with the project if the pipeline was not operating by a 1 January deadlineIndigenous activists are targeting the Dakota Access pipeline’s finances before Donald Trump takes office in an effort to further strain the oil cor…

Trump Campaigned Against Lobbyists. Now They’re on His Transition Team.

To critics of Mr. Trump, the inclusion of lobbyists and other advisers with industry ties is a sign that he may not follow through on all of his promises.

US stock indexes slip; Apple jumps on strong earnings

NEW YORK (AP) — Stocks turned higher in late-afternoon Wednesday, recovering from an early loss. Technology stocks including Apple and Facebook posted solid gains, overcoming weakness in consumer staples makers including Coca-Cola. Energy companies fell along with the price …

Wall St. Is Mixed, With Tech Companies Rising

Apple shares soared after the company reported a bigger-than-expected profit. Twitter stock, however, was down.

Hess Corporation Company Life and Culture

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