Hess Corporation

Unknown Unknown Last filing Feb 27, 2025 · FY2024

                    Revenue
                    FY2024
                
$12.9B
                    
                    +22.7%
                    
                    Net income
                    FY2024
                
$2.8B
                    
                    +100.4%
                    
                    Total assets
                    FY2024
                
$26.6B
                    
                    +10.6%
                    
                    Operating cash flow
                    FY2024
                
$2.8B
                    
                    +100.4%

Balance Sheet

Assets, liabilities, and equity

29 accounts · 5 years

Total assets $26.6B

Total liabilities $14.5B

Account	2024	2023	2022	2021	2020
Period
Period end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Property,Plant&Equipment(net)	$19.9B	$17.4B	$15.1B	$14.2B	$14.1B
Capitalized Exploratory Well Costs	$1.0B	$952.0M	$886.0M	$681.0M	$459.0M
Inventories	$419.0M	$304.0M	$217.0M	$223.0M	$378.0M
Cash and Cash Equivalents	$1.2B	$1.7B	$2.5B	$2.7B	$1.7B
Accounts&Notes Receivable	$196.0M	$150.0M	$121.0M	$149.0M	$150.0M
Equity Method Investments	$154.0M	$166.0M	$183.0M	$197.0M	$212.0M
Goodwill	$360.0M	$360.0M	$360.0M	$360.0M	$360.0M
Deferred Tax Assets	$579.0M	$320.0M	$133.0M	$71.0M	$59.0M
Other Current Assets	$113.0M	$108.0M	$66.0M	$199.0M	$104.0M
Other Noncurrent Assets	$1.1B	$952.0M	$829.0M	$651.0M	$567.0M
Total Assets	$26.6B	$24.0B	$21.7B	$20.5B	$18.8B
Liabilities
Debt(notes,Bonds,Credit Facilities)	$8.6B	$8.6B	$8.3B	$8.5B	$8.3B
Current Portion of Long Term Debt	$23.0M	$311.0M	$3.0M	$517.0M	$10.0M
Asset Retirement Obligations	$1.5B	$1.3B	$1.2B	$1.2B	$999.0M
Accounts Payable and Accrued Liabilities	$417.0M	$402.0M	$285.0M	$220.0M	$200.0M
Deferred Tax Liabilities	$784.0M	$608.0M	$418.0M	$383.0M	$342.0M
Operating Lease Liabilities	$725.0M	$806.0M	$669.0M	$464.0M	$541.0M
Finance Lease Liabilities	$157.0M	$179.0M	$200.0M	$219.0M	$238.0M
Other Current Liabilities	$25.0M	$164.0M	$136.0M	$69.0M	$63.0M
Other Noncurrent Liabilities	$470.0M	$424.0M	$425.0M	$502.0M	$643.0M
Total Liabilities	$14.5B	$14.4B	$13.2B	$13.5B	$12.5B
Equity
Common Stock	$308.0M	$307.0M	$306.0M	$310.0M	$307.0M
Additional Paid In Capital	$6.6B	$6.5B	$6.2B	$6.0B	$5.7B
Retained Earnings/Accumulated Deficit	$4.5B	$2.3B	$1.5B	$379.0M	$130.0M
Accumulated Other Comprehensive Income(loss)	$-208.0M	$-134.0M	$-131.0M	$-406.0M	$-755.0M
Noncontrolling Interests	$787.0M	$616.0M	$641.0M	$726.0M	$969.0M
Total Equity	$11.2B	$9.0B	$7.9B	$6.3B	$5.4B
Total Liabilities and Equity	$26.6B	$24.0B	$21.7B	$20.5B	$18.8B

Income Statement

Revenue, expense, and profitability

22 accounts · 5 years

Revenue $12.9B

Operating income $121.0M

Net income $2.8B

Account	2024	2023	2022	2021	2020
Period
Period end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
IncomeStatement
Revenues Total Revenues	$12.9B	$10.5B	$11.3B	$7.5B	$4.8B
Costs and Expenses Operating Costs and Expenses	$2.0B	$1.8B	$1.5B	$1.2B	$1.2B
Costs and Expenses Exploration Expense	$326.0M	$317.0M	$208.0M	$162.0M	$351.0M
Costs and Expenses Depreciation,Depletion and Amortization(dd&a)	$2.5B	$2.0B	$1.7B	$1.5B	$2.1B
Costs and Expenses Selling,General and Administrative Expense(sg&a)	$492.0M	$527.0M	$531.0M	$340.0M	$357.0M
Costs and Expenses Total Costs and Expenses	$8.7B	$8.2B	$8.0B	$6.1B	$7.7B
Other Income Expense Gain(loss)On Asset Sales/dispositions	$1.0M	$2.0M	$101.0M	$29.0M	$87.0M
Other Income Expense Interest Expense	$412.0M	$478.0M	$493.0M	$481.0M	$468.0M
Other Income Expense Other Non Operating Income(expense)	$121.0M	$132.0M	$145.0M	$81.0M	$50.0M
Income Before Tax Income Before Income Taxes	$4.4B	$2.5B	$3.5B	$1.5B	$-2.9B
Income Tax Income Tax Expense(benefit)	$1.2B	$733.0M	$1.1B	$600.0M	$-11.0M
net Income net Income(loss)	$2.8B	$1.4B	$2.1B	$559.0M	$-3.1B
net Income net Income(loss)Attributable To Company/common Stockholders	$2.8B	$1.4B	$2.1B	$559.0M	$-3.1B
Earnings Per Share Basic Eps	$9	$5	$7	$2	$-10
Earnings Per Share Diluted Eps	$9	$4	$7	$2	$-10
Earnings Per Share Weighted Average Shares Basic	$306.8M	$305.9M	$308.1M	$307.4M	$304.8M
Earnings Per Share Weighted Average Shares Diluted	$308.3M	$307.6M	$309.6M	$309.3M	$304.8M
Comprehensive Income Other Comprehensive Income(loss),Net of Tax	$-74.0M	$-3.0M	$275.0M	$349.0M	$-56.0M
Comprehensive Income Comprehensive Income(loss),Net of Tax	$2.7B	$1.4B	$2.4B	$908.0M	$-3.1B
Comprehensive Income Comprehensive Income Attributable To Noncontrolling Interests	$383.0M	$356.0M	$351.0M	$331.0M	$254.0M
Comprehensive Income Total Comprehensive Income(loss),Net of Tax	$3.1B	$1.7B	$2.7B	$1.2B	$-2.9B

Cash Flow Statement

Operating, investing, and financing flows

25 accounts · 5 years

Operating cash flow $2.8B

Investing cash flow $4.6B

Financing cash flow $600.0M

Account	2024	2023	2022	2021	2020
Period
Period end	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
CashFlow
Operating Activities net Income	$2.8B	$1.4B	$2.1B	$559.0M	$-3.1B
Operating Activities Depreciation,Depletion and Amortization	$2.5B	$2.0B	$1.7B	$1.5B	$2.1B
Operating Activities Exploration Costs/Dry Hole Costs(non Cash Portion)	$50.0M	$58.0M	$0	$0	$125.0M
Operating Activities Deferred Income Tax Expense(benefit)	$59.0M	$31.0M	$22.0M	$12.0M	$6.0M
Operating Activities Asset Retirement Obligation Accretion Expense	$73.0M	$61.0M	$48.0M	$44.0M	$46.0M
Operating Activities Share Based Compensation Expense	$100.0M	$87.0M	$83.0M	$77.0M	$79.0M
Operating Activities Changes In Operating Assets and Liabilities	$396.0M	$432.0M	$463.0M	$176.0M	$71.0M
Operating Activities net Cash From Operating Activities	$5.6B	$3.9B	$3.9B	$2.9B	$1.3B
Investing Activities Capital Expenditures(additions To Pp&e and Exploration)	$4.6B	$3.9B	$2.5B	$1.6B	$1.9B
Investing Activities Proceeds From Sale of Assets/businesses	$16.0M	$3.0M	$178.0M	$427.0M	$493.0M
Investing Activities Other Investing Activities	$7.0M	$8.0M	$8.0M	$5.0M	$3.0M
Investing Activities net Cash From Investing Activities	$-4.9B	$-4.1B	$-2.6B	$-1.3B	$-1.7B
Financing Activities Proceeds From Issuance of Debt	$600.0M	$0	$420.0M	$750.0M	$1.0B
Financing Activities Repayment of Debt	$313.0M	$3.0M	$510.0M	$510.0M	$0
Financing Activities Proceeds From Issuance of Common Stock	$21.0M	$10.0M	$52.0M	$77.0M	$15.0M
Financing Activities Repurchase of Common Stock	$0	$20.0M	$630.0M	$0	$0
Financing Activities Dividends Paid(common&Preferred)	$579.0M	$539.0M	$465.0M	$311.0M	$309.0M
Financing Activities Transactions With Noncontrolling Interests	$-551.0M	$-550.0M	$-510.0M	$-664.0M	$-261.0M
Financing Activities Other Financing Activities	$-22.0M	$-4.0M	$-24.0M	$-21.0M	$-22.0M
Financing Activities net Cash From Financing Activities	$-1.2B	$-627.0M	$-1.6B	$-591.0M	$568.0M
Cash Reconciliation net Change In Cash	$-517.0M	$-798.0M	$-227.0M	$974.0M	$194.0M
Supplemental Disclosures Income Taxes Paid	$78.0M	$71.0M	$1.0B	$16.0M	$64.0M
Supplemental Disclosures Interest Paid	$408.0M	$470.0M	$486.0M	$459.0M	$460.0M
Supplemental Disclosures Non Cash Investing&Financing Activities	$40.0M	$267.0M	$294.0M	$12.0M	$51.0M

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Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

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