Hess Overview
- Year Founded
-
1933
- Status
-
Public
- Employees
-
1,797
- Stock Symbol
-
HES
- Investments
-
44
- Share Price
-
$152.82
- (As of Tuesday Closing)
Hess General Information
Description
Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2024, the company reported net proved reserves of 1.44 billion barrels of oil equivalent. Net production averaged 481 thousand barrels of oil equivalent per day in 2024, at a ratio of 79% oil and natural gas liquids and 21% natural gas.
Contact Information
Website
www.hess.comCorporate Office
- 1185 Avenue of the Americas
- 40th Floor
- New York, NY 10036
- United States
Corporate Office
- 1185 Avenue of the Americas
- 40th Floor
- New York, NY 10036
- United States
Hess Stock Performance
As of 18-Mar-2025, Hess’s stock price is $152.82. Its current market cap is $47.1B with 308M shares.
(As of Tuesday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $152.82 | $150.45 | $123.79 - $163.98 | $47.1B | 308M | 1.95M | $9.03 |
Hess Financials Summary
As of 31-Dec-2024, Hess has a trailing 12-month revenue of $12.9B.
|
In Thousands, USD |
TTM 31-Dec-2024 | FY 2024 31-Dec-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 |
|---|---|---|---|---|
| EV | 49,409,807 | 49,409,807 | 52,233,015 | 51,045,307 |
| Revenue | 12,896,000 | 12,896,000 | 10,511,000 | 11,324,000 |
| EBITDA | 7,253,000 | 7,253,000 | 4,995,000 | 5,742,000 |
| Net Income | 2,769,000 | 2,769,000 | 1,382,000 | 2,096,000 |
| Total Assets | 26,551,000 | 26,551,000 | 24,007,000 | 21,695,000 |
| Total Debt | 9,460,000 | 9,460,000 | 9,598,000 | 9,150,000 |
Hess Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Hess Comparisons
Industry
Financing
Details
Hess Competitors (29)
One of Hess’s 29 competitors is ConocoPhillips, a Corporation company based in Houston, TX.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| ConocoPhillips | Corporation | Houston, TX | ||||
| Coterra Energy | Private Debt Financed | Houston, TX | ||||
| Diamondback Energy | Formerly PE-Backed | Midland, TX | ||||
| Occidental Petroleum | Corporation | Houston, TX | ||||
| Devon Energy | Formerly VC-backed | Oklahoma City, OK |
Hess Patents
Hess Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20230258077-A1 | Synthesizing properties related to wellbore stability | Pending | 14-Feb-2022 | ||
| CA-3186111-A1 | Cyclic miscible hydrocarbon gas injection-soak-production and uses thereof for enhanced oil recovery in unconventional reservoirs | Pending | 17-Jul-2020 | ||
| US-20230296580-A1 | Cyclic miscible hydrocarbon gas injection-soak-production and uses thereof for enhanced oil recovery in unconventional reservoirs | Pending | 17-Jul-2020 | ||
| EP-4182401-A1 | Cyclic miscible hydrocarbon gas injection-soak-production and uses thereof for enhanced oil recovery in unconventional reservoirs | Pending | 17-Jul-2020 | ||
| EP-4182401-A4 | Cyclic miscible hydrocarbon gas injection-soak-production and uses thereof for enhanced oil recovery in unconventional reservoirs | Pending | 17-Jul-2020 | G01N33/241 |
Hess Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Hess Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Hess Investments & Acquisitions (44)
Hess’s most recent deal was a Early Stage VC with Calicat for . The deal was made on 01-Jul-2024.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Calicat | 01-Jul-2024 | Early Stage VC | Other Equipment | ||
| Joint Venture (CNOOC / ExxonMobil / Hess) | 26-Sep-2022 | Joint Venture | Buildings and Property | ||
| Calicat | 02-Mar-2022 | Early Stage VC | Other Equipment | ||
| ExxonMobil (Kaieteur Block in Guyana) | 24-May-2021 | Secondary Transaction - Private | Energy Exploration | ||
| Athena Club | 14-May-2021 | Early Stage VC | Personal Products |
Hess ESG
Risk Overview
Risk Rating
Updated May, 31, 2024
31.97 | High Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 14,946
Rank
Percentile
Oil & Gas Producers
Industry
of 294
Rank
Percentile
Oil & Gas Exploration and Production
Subindustry
of 154
Rank
Percentile
Hess Exits (12)
Hess’s most recent exit was on 14-Nov-2012 from Newark Energy Centers. The exit was categorized as with 2 buyers.
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| Newark Energy Centers | 14-Nov-2012 | Completed |
|
||
| CONSOL (Utica Shale Assets) | 01-Oct-2011 | Completed |
|
||
| Hess Norge | 29-Sep-2010 | Completed |
|
||
| Bayonne Energy Center | 01-Jan-2007 | Completed |
|
||
| Equus Gas Project | 01-Jan-2007 | Corporate Asset Purchase | Completed |
Hess Affiliates
Subsidiaries (4)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Hess (offshore natural gas operations) | North Malay Basin, Malaysia | 2017 | |
| Hess UK Pension Plan | London, United Kingdom | 1975 | |
| Hess Corporation Employees' Pension Plan | Houston, TX | 1972 | |
| Hess (Asian oil and gas field Assets) | New York, NY |
Hess FAQs
-
When was Hess founded?
Hess was founded in 1933.
-
Where is Hess headquartered?
Hess is headquartered in New York, NY.
-
What is the size of Hess?
Hess has 1,797 total employees.
-
What industry is Hess in?
Hess’s primary industry is Energy Exploration.
-
Is Hess a private or public company?
Hess is a Public company.
-
What is Hess’s stock symbol?
The ticker symbol for Hess is HES.
-
What is the current stock price of Hess?
As of 18-Mar-2025 the stock price of Hess is $152.82.
-
What is the current market cap of Hess?
The current market capitalization of Hess is $47.1B.
-
What is Hess’s current revenue?
The trailing twelve month revenue for Hess is $12.9B.
-
Who are Hess’s competitors?
ConocoPhillips, Coterra Energy, Diamondback Energy, Occidental Petroleum, and Devon Energy are some of the 29 competitors of Hess.
-
What is Hess’s annual earnings per share (EPS)?
Hess’s EPS for 12 months was $9.03.
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