Hess Corp (N:HES)
Business Focus: Oil & Gas Exploration and Production
| 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 three months ended 31 March 2024, Hess Corp revenues increased 37% to $3.31B. Net income increased from $346M to $972M. Revenues reflect Crude Oil & Natural gas liquid Productio increase of 46% to 28.1M barrels, Oil Equivalent Production (Units/day) increase of 27% to 476K barrels per day. Net income benefited from Exploration/Dry Hole Exp(Incl Write Off) decrease of 36% to $42M (expense). |
| Employees: | 1,756 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $56,388M as of Mar 31, 2024 |
| Annual revenue (TTM): | $11,409M as of Mar 31, 2024 |
| EBITDA (TTM): | $5,820M as of Mar 31, 2024 |
| Net annual income (TTM): | $2,008M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$578.00M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $7,442M as of Mar 31, 2024 |
| Shares outstanding: | 308,684,019 as of Apr 12, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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