Hess Corporation is an integrated energy company involved in the entire lifecycle of hydrocarbon assets. Its core business includes the exploration, development, ...
Hess Corporation (NYSE: HES) is a global independent energy company focused on discovering, developing, and producing crude oil, natural gas liquids (NGLs), and natural gas, while also providing midstream services that help move and process these products. The business is organized into two core divisions: Exploration and Production (E&P) and ...Hess Corporation (NYSE: HES) is a global independent energy company focused on discovering, developing, and producing crude oil, natural gas liquids (NGLs), and natural gas, while also providing midstream services that help move and process these products. The business is organized into two core divisions: Exploration and Production (E&P) and Midstream. In E&P, Hess conducts operations across multiple regions, including the United States and international assets such as Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. Exploration activities are primarily offshore, including in Guyana, in the U.S. Gulf of Mexico, and offshore Suriname and Canada, reflecting a strategy centered on acquiring and developing resource potential in geologically promising basins.
Hess’ Midstream segment complements upstream production by handling the practical logistics and processing needs associated with producing hydrocarbons. This includes gathering, compression, and processing of natural gas, NGL fractionation, and functions such as collection, storage, loading, and rail transport of crude oil and NGLs. The company also supports propane storage and terminaling and performs water handling activities—particularly associated with production in the Bakken Shale region of North Dakota and the Williston Basin. Together, these activities are designed to improve the reliability of production flows, reduce bottlenecks between upstream fields and sale points, and monetize hydrocarbons more effectively.
From a cost and operational standpoint, integrated oil and gas production is typically capital-intensive and subject to commodity price cycles. Hess invests across exploration, development, and sustaining capital to maintain reserves and production while managing operational efficiency in producing assets and supporting midstream infrastructure. Financially, the provided valuation and profitability indicators (e.g., market capitalization and enterprise value metrics, along with margins such as EBIT and net profit margin) are consistent with a large, publicly traded operator whose performance is influenced by production volumes, realized prices, and cost discipline.
Key leadership includes CEO John B. Hess. The company was incorporated in 1920 as Amerada Corporation and is commonly cited as being founded in 1933 (linked to Hess Oil), reflecting a long corporate history in the energy sector. With approximately 1,797 employees (2024 data provided), Hess is positioned as a major employer in its industry tier while remaining focused on operational execution and portfolio strategy.
Looking ahead, companies like Hess generally aim to sustain and grow cash flow through disciplined capital allocation, maximize value from existing assets (including midstream integration), and pursue opportunities that balance growth with risk management—particularly in areas of offshore development and advantaged production basins where scale, infrastructure, and resource quality can drive long-term returns.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$12.9B
+22.7%
+26.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$2.8B
+100.4%
-20.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+78.9%
+0.5%
-25.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+37.0%
+34.4%
-60.2%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+21.5%
+63.3%
-37.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$654.0M
+494.0%
+187.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+5.1%
+421.1%
+169.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
84.3%
-21.0%
-2.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.12x
+7.0%
-3.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
