Hess Corp. (N:HES)

Business Focus: Oil & Gas Refining and Marketing

Sector:  Energy Industry:  Oil & Gas Refining and Marketing
See Regulatory Filings on SEC
Company Contact
Tel: 1-212-5368940
Website: www.hess.com
IR: See website
Key People
James H. Quigley
Independent Chairman of the Board
Michael R. Turner
Senior Vice President - Global Production and Onshore
John B. Hess
Chief Executive Officer, Director
John P. Rielly
Senior Vice President, Chief Financial Officer
Gregory P. Hill
Executive Vice President, Chief Operating Officer, President - Exploration and Production
Timothy B. Goodell
Senior Vice President, General Counsel, Corporate Secretary
Andrew P. Slentz
Senior Vice President - Human Resources
Barbara G. Lowery-Yilmaz
Senior Vice President - Exploration
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 company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company's segments include Exploration and Production, and Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway. The Midstream segment provides fee-based services, including crude oil and natural gas gathering, processing of natural gas and the fractionation of NGLs, transportation of crude oil by rail car, terminaling and loading crude oil and NGLs, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota.
Financial Overview
For the fiscal year ended 31 December 2019, Hess Corp. revenues increased 3% to $6.5B. Net loss applicable to common stockholders increased 26% to $412M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Depreciation, depletion and amortization increase of 13% to $2.12B (expense), Operating costs and expenses increase of 9% to $1.24B (expense).
Employees: 1,708 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $25,514M as of Dec 31, 2019
Annual revenue (TTM): $6,495M as of Dec 31, 2019
EBITDA (TTM): $2,708M as of Dec 31, 2019
Net annual income (TTM): -$412.00M as of Dec 31, 2019
Free cash flow (TTM): -$1,503M as of Dec 31, 2019
Net Debt Last Fiscal Year: $5,852M as of Dec 31, 2019
Shares outstanding: 305,789,587 as of Jan 31, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization