Sector: Energy | Industry: Oil & Gas Exploration and Production |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1185 AVENUE OF THE AMERICAS NEW YORK NY 10036 |
Tel: | 1-212-5368940 |
Website: | https://www.hess.com |
IR: | See website |
Key People | ||
John B. Hess Chief Executive Officer, Director | John P. Rielly Chief Financial Officer, Executive Vice President | Gregory P. Hill Chief Operating Officer, President - Exploration and Production |
Timothy B. Goodell Executive Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary | Andrew P. Slentz Senior Vice President - Human Resources and Office Management | Barbara G. Lowery-Yilmaz Senior Vice President, Chief Exploration Officer |
Richard P. Lynch Senior Vice President - Technology and Services | Gerbert Schoonman Senior Vice President - Global Production |
Business Overview |
Hess Corporation is an exploration and production (E&P) company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations located in the United States (U.S.), Guyana, the Malaysia/Thailand Joint Development Area (JDA) and Malaysia. The Company operates through two segments: E&P and Midstream. The E&P operating segment explores for, develops, produces, purchases and sells crude oil, NGL and natural gas. The Midstream operating segment provides fee-based services, including gathering, compressing and processing natural gas and fractionating NGL; gathering, terminating, loading and transporting crude oil and NGL; storing and terminating propane, and water handling services primarily in the Bakken shale play of North Dakota. The Company conducts exploration activities primarily offshore Guyana, in the U.S. Gulf of Mexico, and offshore Suriname. |
Financial Overview |
For the fiscal year ended 31 December 2023, Hess Corp revenues decreased 7% to $10.51B. Net income decreased 34% to $1.38B. Revenues reflect United States segment decrease of 16% to $6.09B, Crude Oil Production (Barrels) Others decrease from 5.5M to 0K barrels. Net income also reflects Exploration & Development Costs-Guyana increase of 5% to $271M, Depreciation, depletion and amortization increase of 20% to $2.05B (expense). |
Employees: | 1,756 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $53,215M as of Dec 31, 2023 |
Annual revenue (TTM): | $10,511M as of Dec 31, 2023 |
EBITDA (TTM): | $4,943M as of Dec 31, 2023 |
Net annual income (TTM): | $1,382M as of Dec 31, 2023 |
Free cash flow (TTM): | -$705.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $7,081M as of Dec 31, 2023 |
Shares outstanding: | 307,727,064 as of Jan 31, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |