Market Summary
USD158.04+6.00
Market Closed3.95%
HES Stock Price
HES RSI Chart
HES Valuation
HES Price/Sales (Trailing)
HES Profitability
HES Fundamentals
HES Revenue
HES Earnings
Price Action
52 Week Range
101.62164.99
(Low)(High)
Last 7 days
1.1%
Last 30 days
3.0%
Last 90 days
18.1%
Trailing 12 Months
56.3%
HES Financial Health
HES Investor Care
Historical Charts for Stock Metrics
Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
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Latest Insider Trading transactions for HES
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-01 | Lowery-Yilmaz Barbara J | sold | -3,815,880 | 156 | -24,319 | senior vice president |
2023-09-01 | Lowery-Yilmaz Barbara J | acquired | 1,574,800 | 64.7558 | 24,319 | senior vice president |
2023-09-01 | Slentz Andrew P | sold | -3,808,230 | 156 | -24,312 | senior vice president |
2023-09-01 | Slentz Andrew P | acquired | 917,931 | 49.72 | 18,462 | senior vice president |
2023-07-31 | Hill Gregory P. | sold | -5,056,540 | 151 | -33,414 | coo and president, e&p |
2023-06-02 | Quigley James H. | gifted | - | - | -13,378 | - |
2023-05-10 | COLEMAN LEONARD S JR | gifted | - | - | -2,845 | - |
2023-03-29 | Hill Gregory P. | sold | -993,000 | 132 | -7,500 | coo and president, e&p |
2023-03-07 | Lynch Richard D. | sold | -4,608,210 | 138 | -33,191 | senior vice president |
2023-03-07 | Lynch Richard D. | acquired | 919,471 | 67.2964 | 13,663 | senior vice president |
Which funds bought or sold HES recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-26 | BROOKFIELD Corp /ON/ | new | - | 238,320 | 238,320 | -% |
2023-09-21 | Jefferies Group LLC | reduced | -47.72 | -6,318,260 | 7,351,810 | 0.06% |
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 539 | 18,142 | -% |
2023-09-20 | BARCLAYS PLC | added | 104 | 41,959,000 | 80,001,000 | 0.05% |
2023-09-12 | Farther Finance Advisors, LLC | added | 6.49 | 1,916 | 22,296 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -4,367 | - | -% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | added | 0.33 | 6,189 | 208,252 | 0.02% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | 54.00 | 2,040 | -% |
2023-09-05 | Covenant Partners, LLC | reduced | -0.18 | 5,668 | 228,396 | 0.08% |
2023-08-30 | AIFG Consultants Ltd. | unchanged | - | 8,375 | 315,404 | 0.25% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Hess
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | hess john b | 9.59% | 29,416,374 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 10.15% | 31,304,916 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 6.03% | 18,604,614 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 8.1% | 25,025,933 | SC 13G/A | |
| Mar 09, 2022 | vanguard group inc | 10.02% | 31,027,546 | SC 13G/A | |
| Feb 14, 2022 | dodge & cox | 3.1% | 9,672,701 | SC 13G/A | |
| Feb 14, 2022 | hess john b | 9.90% | 30,536,233 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 6.04% | 18,717,925 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A |
Recent SEC filings of Hess
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 22, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 03, 2023 | 10-Q | Quarterly Report | |
| Aug 01, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 26, 2023 | 8-K | Current Report | |
| Jun 30, 2023 | 4 | Insider Trading |
HES Fair Value
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Peers (Alternatives to Hess)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
APA | - | 8.8B | -1.21% | 30.46% | - | - | -19.24% | -60.57% |
XOM | 481.2B | 377.0B | 10.11% | 42.41% | 9.3 | 1.28 | 3.30% | 32.79% |
CVX | 319.4B | 222.8B | 6.76% | 23.31% | 10.59 | 1.43 | 3.16% | 3.86% |
COP | 148.6B | 69.3B | 4.74% | 28.20% | 11.49 | 2.14 | 0.61% | -18.74% |
MPC | 63.6B | 159.2B | 6.57% | 65.20% | 4.99 | 0.4 | -1.00% | 55.73% |
PSX | 54.9B | 160.5B | 6.78% | 59.88% | 5.02 | 0.34 | 6.24% | 101.57% |
| MID-CAP | ||||||||
MUR | 7.2B | 3.8B | 2.84% | 42.00% | 7.12 | 1.9 | 8.18% | 97.97% |
PBF | 6.8B | 42.1B | 15.18% | 68.58% | 2.2 | 0.16 | 8.83% | 120.09% |
CVI | 3.5B | 9.9B | 7.41% | 28.44% | 5.86 | 0.35 | 4.08% | 53.09% |
CPE | 2.5B | 2.7B | 5.67% | 24.91% | 2.63 | 0.92 | 12.93% | 24.18% |
| SMALL-CAP | ||||||||
GPRE | 1.8B | 3.6B | -3.68% | 5.05% | -7.83 | 0.51 | 6.48% | -193.65% |
CLMT | 1.5B | 4.2B | 5.33% | 43.25% | -34.5 | 0.36 | -1.01% | 69.88% |
GEVO | 289.9M | 11.8M | -6.15% | -46.02% | -2.86 | 24.55 | 1454.08% | -69.46% |
Hess News
Returns for HES
Cumulative Returns on HES
8.9%
10-Year Cumulative Returns
19.7%
7-Year Cumulative Returns
18.7%
5-Year Cumulative Returns
58.8%
3-Year Cumulative Returns
Risks for HES
What is the probability of a big loss on HES?
96.5%
Probability that Hess stock will be more than 20% underwater in next one year
46.5%
Probability that Hess stock will be more than 30% underwater in next one year.
35%
Probability that Hess stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does HES drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Hess was unfortunately bought at previous high price.
Drawdowns
Financials for Hess
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -5.7% | 10,984 | 11,652 | 11,570 | 10,771 | 9,425 | 8,035 | 7,583 | 6,745 | 6,110 | 5,354 | 4,804 | 5,085 | 5,489 | 6,344 | 6,510 | 6,669 | 6,882 | 6,751 | 6,466 | 6,040 | 5,891 |
| Costs and Expenses | 0.6% | 8,253 | 8,204 | 8,024 | 7,531 | 6,745 | 6,302 | 6,093 | 5,778 | 5,649 | 5,300 | 7,654 | 8,045 | 8,256 | 8,673 | 6,289 | 6,147 | 6,286 | 6,294 | 6,246 | 8,393 | 10,900 |
| Operating Expenses | 6.4% | 1,619 | 1,521 | 1,452 | 1,383 | 1,318 | 1,277 | 1,229 | 1,226 | 1,201 | 1,180 | 1,218 | 1,270 | 1,283 | 1,274 | 1,237 | 1,164 | 1,109 | 1,112 | 1,134 | 1,200 | 1,287 |
| S&GA Expenses | 2.3% | 570 | 557 | 531 | 400 | 367 | 356 | 340 | 336 | 344 | 349 | 357 | 406 | 412 | 412 | 397 | 357 | 410 | 450 | 473 | 503 | 471 |
| EBITDA | -100.0% | - | 5,798 | 5,742 | 5,327 | 4,645 | 3,689 | 3,499 | 3,061 | 2,717 | 2,435 | -308 | -340 | -214 | 187 | 2,723 | 2,799 | 2,927 | 2,739 | 2,502 | 58.00 | -2,383 |
| EBITDA Margin | -100.0% | - | 0.50* | 0.50* | 0.49* | 0.49* | 0.46* | 0.46* | 0.45* | 0.44* | 0.45* | -0.06* | -0.07* | -0.04* | 0.03* | 0.42* | 0.43* | 0.43* | 0.41* | 0.39* | 0.01* | -0.40* |
| Interest Expenses | 0.2% | 494 | 493 | 493 | 490 | 490 | 487 | 481 | 478 | 471 | 472 | 468 | 445 | 417 | 395 | 380 | 384 | 393 | 394 | 399 | 380 | 360 |
| Earnings Before Taxes | -20.8% | 2,731 | 3,448 | 3,546 | 3,240 | 2,680 | 1,733 | 1,490 | 967 | 461 | 54.00 | -2,850 | -2,959 | -2,831 | -2,393 | 221 | 346 | 520 | 381 | 220 | -2,318 | -5,009 |
| EBT Margin | -100.0% | - | 0.30* | 0.31* | 0.30* | 0.28* | 0.22* | 0.20* | 0.14* | 0.08* | 0.01* | -0.59* | -0.58* | -0.52* | -0.38* | 0.03* | 0.05* | 0.08* | 0.06* | 0.03* | -0.38* | -0.85* |
| Net Income | -27.1% | 1,477 | 2,025 | 2,096 | 1,864 | 1,464 | 724 | 559 | 197 | -161 | -408 | -3,093 | -3,218 | -3,187 | -2,873 | -408 | -190 | -20.00 | -144 | -282 | -2,955 | -3,537 |
| Net Income Margin | -100.0% | - | 0.17* | 0.18* | 0.17* | 0.16* | 0.09* | 0.07* | 0.03* | -0.03* | -0.08* | -0.64* | -0.63* | -0.58* | -0.45* | -0.06* | -0.03* | 0.00* | -0.02* | -0.04* | -0.49* | -0.60* |
| Free Cashflow | -100.0% | - | 4,738 | 3,944 | 3,591 | 2,867 | 2,143 | 2,890 | 2,477 | 1,998 | -3,471 | -3,617 | -3,817 | -3,510 | -3,101 | -3,308 | -2,713 | -2,733 | -2,983 | -3,011 | -3,549 | -3,884 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.3% | 22,230 | 21,938 | 21,695 | 21,643 | 21,180 | 19,798 | 20,515 | 19,490 | 19,166 | 18,951 | 18,821 | 18,969 | 19,546 | 20,717 | 21,782 | 21,631 | 21,695 | 21,716 | 21,433 | 21,467 | 21,464 |
| Current Assets | -2.5% | 3,704 | 3,799 | 3,931 | 4,123 | 3,969 | 3,266 | 4,346 | 3,892 | 3,969 | 3,522 | 3,081 | 3,136 | 3,115 | 4,270 | 3,156 | 3,398 | 3,684 | 3,834 | 4,459 | 4,501 | 4,694 |
| Cash Equivalents | 6.0% | 2,226 | 2,100 | 2,486 | 2,384 | 2,159 | 1,370 | 2,713 | 2,419 | 2,430 | 1,866 | 1,739 | 1,285 | 1,646 | 2,080 | 1,545 | 1,863 | 2,208 | 2,300 | 2,694 | 3,004 | 2,908 |
| Inventory | 21.4% | 278 | 229 | 217 | 278 | 317 | 243 | 223 | 262 | 241 | 219 | 378 | 422 | 360 | 230 | 261 | 289 | 278 | 274 | 245 | 263 | 231 |
| Net PPE | 2.1% | 15,741 | 15,412 | 15,098 | 15,092 | 14,818 | 14,489 | 14,182 | 13,954 | 13,657 | 13,863 | 14,115 | 14,235 | 14,825 | 14,811 | 16,814 | 16,449 | 16,107 | 15,898 | 16,083 | 16,013 | 15,869 |
| Goodwill | 0% | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 | 360 |
| Liabilities | 0.8% | 13,328 | 13,217 | 13,199 | 13,449 | 13,422 | 12,750 | 13,489 | 13,234 | 12,634 | 12,308 | 12,486 | 12,087 | 12,180 | 12,539 | 12,076 | 11,454 | 11,164 | 11,163 | 10,545 | 10,421 | 10,128 |
| Current Liabilities | 4.1% | 2,403 | 2,308 | 2,396 | 2,312 | 2,355 | 2,303 | 3,064 | 2,749 | 2,527 | 1,690 | 1,623 | 1,426 | 1,564 | 1,947 | 2,510 | 2,344 | 2,332 | 2,271 | 2,203 | 1,958 | 1,945 |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,605 | - | - |
| LT Debt, Current | 60.0% | 8.00 | 5.00 | 3.00 | - | - | 22.00 | 517 | 514 | 511 | 13.00 | 10.00 | 8.00 | 5.00 | 3.00 | - | 15.00 | 14.00 | 12.00 | 67.00 | 85.00 | 87.00 |
| LT Debt, Non Current | 0.9% | 8,459 | 8,382 | 8,278 | 8,303 | 8,332 | 7,934 | 7,941 | 7,993 | 7,712 | 8,273 | 8,286 | 8,280 | 8,205 | 8,191 | 7,142 | 6,526 | 6,511 | 6,550 | 6,605 | 6,609 | 6,352 |
| Shareholder's Equity | -5.1% | 8,272 | 8,721 | 7,855 | 7,559 | 7,758 | 7,048 | 7,026 | 6,256 | 6,532 | 6,643 | 6,335 | 6,882 | 7,366 | 8,178 | 9,706 | 10,177 | 10,531 | 10,553 | 10,888 | 11,046 | 11,336 |
| Retained Earnings | -0.9% | 1,670 | 1,686 | 1,474 | 1,354 | 1,075 | 680 | 379 | 192 | 155 | 305 | 130 | 304 | 625 | 1,021 | 3,535 | 3,836 | 4,125 | 4,207 | 4,257 | 4,410 | 4,692 |
| Additional Paid-In Capital | 3.0% | 6,442 | 6,254 | 6,206 | 6,227 | 6,236 | 6,083 | 6,017 | 5,903 | 5,859 | 5,779 | 5,684 | 5,668 | 5,650 | 5,633 | 5,591 | 5,543 | 5,513 | 5,481 | 5,386 | 5,445 | 5,501 |
| Accumulated Depreciation | 2.6% | 18,332 | 17,864 | 17,494 | 17,264 | 17,584 | 17,293 | 16,996 | 16,606 | 16,285 | 16,779 | 16,404 | 15,931 | 17,384 | 16,893 | 19,006 | 18,506 | 17,991 | 17,548 | 17,139 | 16,606 | 16,171 |
| Shares Outstanding | 0.2% | 306 | 305 | - | 308 | 310 | 309 | - | 308 | 308 | 306 | - | 305 | 305 | 304 | - | 303 | 302 | 297 | - | 294 | 298 |
| Minority Interest | 7.1% | 630 | 588 | 641 | 635 | 622 | 740 | 726 | 647 | 1,044 | 1,027 | 969 | 966 | 971 | 978 | 974 | 1,269 | 1,237 | 1,211 | 1,259 | 1,396 | 1,364 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -11.3% | 4,203 | 4,738 | 3,944 | 3,591 | 2,867 | 2,143 | 2,890 | 2,477 | 1,998 | 1,479 | 1,333 | 1,133 | 1,440 | 1,849 | 1,642 | 2,237 | 2,217 | 1,967 | 1,939 | 1,401 | 1,066 |
| Share Based Compensation | 2.4% | 87.00 | 85.00 | 83.00 | 82.00 | 82.00 | 85.00 | 77.00 | 77.00 | 76.00 | 75.00 | 79.00 | 82.00 | 84.00 | 87.00 | 85.00 | 85.00 | 88.00 | 86.00 | 72.00 | 74.00 | 74.00 |
| Cashflow From Investing | -5.6% | -3,036 | -2,874 | -2,555 | -2,418 | -2,061 | -1,462 | -1,325 | -708 | -764 | -1,274 | -1,707 | -2,639 | -2,934 | -2,981 | -2,843 | -2,683 | -1,957 | -1,824 | -1,566 | 1,058 | 1,143 |
| Cashflow From Financing | 3.0% | -1,100 | -1,134 | -1,616 | -1,208 | -1,077 | -1,177 | -591 | -635 | -450 | -419 | 568 | 928 | 932 | 912 | 52.00 | -695 | -960 | -1,569 | -2,526 | -1,981 | -1,793 |
| Buy Backs | -29.2% | 460 | 650 | 630 | 340 | 190 | - | - | - | - | - | - | - | - | - | 25.00 | 270 | 520 | 1,020 | 1,365 | 1,231 | 981 |
HES Income Statement
2023-06-30STATEMENT OF CONSOLIDATED INCOME - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues and Non-Operating Income | ||||
| Sales and other operating revenues | $ 2,289 | $ 2,955 | $ 4,700 | $ 5,268 |
| Gains on asset sales, net | 0 | 3 | 0 | 25 |
| Other, net | 31 | 30 | 73 | 66 |
| Total revenues and non-operating income | 2,320 | 2,988 | 4,773 | 5,359 |
| Costs and Expenses | ||||
| Marketing, including purchased oil and gas | 547 | 843 | 1,150 | 1,525 |
| Operating costs and expenses | 454 | 356 | 836 | 669 |
| Production and severance taxes | 46 | 67 | 94 | 128 |
| Exploration expenses, including dry holes and lease impairment | 99 | 33 | 165 | 76 |
| General and administrative expenses | 108 | 95 | 244 | 205 |
| Interest expense | 122 | 121 | 245 | 244 |
| Depreciation, depletion and amortization | 497 | 391 | 988 | 728 |
| Impairment and other | 82 | 0 | 82 | 0 |
| Total costs and expenses | 1,955 | 1,906 | 3,804 | 3,575 |
| Income Before Income Taxes | 365 | 1,082 | 969 | 1,784 |
| Provision for income taxes | 160 | 328 | 336 | 525 |
| Net Income | 205 | 754 | 633 | 1,259 |
| Less: Net income attributable to noncontrolling interests | 86 | 87 | 168 | 175 |
| Net Income Attributable to Hess Corporation | $ 119 | $ 667 | $ 465 | $ 1,084 |
| Net Income Attributable to Hess Corporation Per Common Share: | ||||
| Basic (in dollars per share) | $ 0.39 | $ 2.15 | $ 1.52 | $ 3.50 |
| Diluted (in dollars per share) | $ 0.39 | $ 2.15 | $ 1.51 | $ 3.49 |
| Weighted Average Number of Common Shares Outstanding: | ||||
| Basic (in shares) | 306,000 | 309,700 | 305,700 | 309,300 |
| Diluted (in shares) | 307,500 | 310,900 | 307,400 | 310,600 |
| Common Stock Dividends Per Share (in dollars per share) | $ 0.4375 | $ 0.3750 | $ 0.8750 | $ 0.7500 |
HES Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 2,226 | $ 2,486 |
| Accounts receivable: | ||
| From contracts with customers | 868 | 1,041 |
| Joint venture and other | 151 | 121 |
| Inventories | 278 | 217 |
| Other current assets | 181 | 66 |
| Total current assets | 3,704 | 3,931 |
| Property, plant and equipment: | ||
| Total — at cost | 34,073 | 32,592 |
| Less: Reserves for depreciation, depletion, amortization and lease impairment | 18,332 | 17,494 |
| Property, plant and equipment — net | 15,741 | 15,098 |
| Operating lease right-of-use assets — net | 515 | 570 |
| Finance lease right-of-use assets — net | 117 | 126 |
| Goodwill | 360 | 360 |
| Deferred income taxes | 214 | 133 |
| Post-retirement benefit assets | 664 | 648 |
| Other assets | 915 | 829 |
| Total Assets | 22,230 | 21,695 |
| Current Liabilities: | ||
| Accounts payable | 350 | 285 |
| Accrued liabilities | 1,754 | 1,840 |
| Taxes payable | 69 | 47 |
| Current portion of long-term debt | 8 | 3 |
| Current portion of operating and finance lease obligations | 222 | 221 |
| Total current liabilities | 2,403 | 2,396 |
| Long-term debt | 8,459 | 8,278 |
| Long-term operating lease obligations | 407 | 469 |
| Long-term finance lease obligations | 168 | 179 |
| Deferred income taxes | 497 | 418 |
| Asset retirement obligations | 960 | 1,034 |
| Other liabilities and deferred credits | 434 | 425 |
| Total Liabilities | 13,328 | 13,199 |
| Hess Corporation stockholders’ equity: | ||
| Common stock, par value $1.00; Authorized - 600,000,000 shares, Issued - 307,051,889 shares (2022: 306,176,864) | 307 | 306 |
| Capital in excess of par value | 6,442 | 6,206 |
| Retained earnings | 1,670 | 1,474 |
| Accumulated other comprehensive income (loss) | (147) | (131) |
| Total Hess Corporation stockholders’ equity | 8,272 | 7,855 |
| Noncontrolling interests | 630 | 641 |
| Total Equity | 8,902 | 8,496 |
| Total Liabilities and Equity | $ 22,230 | $ 21,695 |
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. It conducts production operations primarily in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia; and exploration activities principally offshore Guyana, the U.S. Gulf of Mexico, and offshore Suriname and Canada. The company is also involved in gathering, compressing, and processing natural gas; fractionating NGLs; gathering, terminaling, loading, and transporting crude oil and NGL through rail car; and storing and terminaling propane, as well as providing water handling services primarily in the Bakken Shale plays in the Williston Basin area of North Dakota. As of December 31, 2021, it had total proved reserves of 1,309 million barrels of oil equivalent. The company was incorporated in 1920 and is headquartered in New York, New York.