Hess Corporation (HES) — Financial statements
Income statement, balance sheet, and cash flow for Hess Corporation — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 12,896↑22.7% | 10,511↓7.2% | 11,324↑51.5% | 7,473↑60.1% | 4,667 | |
| Cost of Revenue | 2,721↑20.3% | 2,262↓33.7% | 3,410↑16.4% | 2,929↓14.3% | 3,416 | |
| Gross Profit | 10,175↑23.3% | 8,249↑4.2% | 7,914↑74.2% | 4,544↑84.0% | 2,469 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 492↓6.6% | 527↓0.8% | 531↑56.2% | 340↓4.8% | 357 | |
| Selling & Marketing Expenses | 2,620↓4.1% | 2,732↑66.6% | 1,640↓19.4% | 2,034↑117.3% | 936 | |
| SG&A Expenses | 3,112↓4.5% | 3,259↑50.1% | 2,171↓8.6% | 2,374↑83.6% | 1,293 | |
| Other Expenses | 2,287↑9.3% | 2,093↑1102.9% | 174↑7.4% | 162↓86.2% | 1,176 | |
| Operating Expenses | 5,399↑0.9% | 5,352↑36.1% | 3,932↑55.0% | 2,536↑54.3% | 1,644 | |
| Total Costs & Expenses | 8,120↑6.6% | 7,614↑38.5% | 5,499↑0.6% | 5,465↑109.5% | 2,608 | |
| Operating Results | ||||||
| Operating Income | 4,776↑64.9% | 2,897↓48.0% | 5,570↑177.4% | 2,008↑685.4% | -343 | |
| Depreciation & Amortization | 2,487↑21.6% | 2,046↑20.1% | 1,703↑10.7% | 1,539↓32.1% | 2,266 | |
| EBITDA | 7,253↑45.2% | 4,995↓13.0% | 5,742↑63.7% | 3,507↑3231.3% | -112 | |
| EBIT | 4,766↑61.6% | 2,949↓27.0% | 4,039↑104.9% | 1,971↑182.7% | -2,382 | |
| Interest & Other Income | ||||||
| Net Interest Income | -412↑13.8% | -478↑3.0% | -493↓2.5% | -481↓2.8% | -468 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 412↓13.8% | 478↓3.0% | 493↑2.5% | 481↑2.8% | 468 | |
| Non-Operating Income | 10↑119.2% | -52↑72.9% | -192↓618.9% | 37↑100.9% | -4,325 | |
| Other Income / Expenses | -422↑0.9% | -426↓41.5% | -301↑41.9% | -518↑81.8% | -2,850 | |
| Income Before Tax | 4,354↑76.2% | 2,471↓30.3% | 3,546↑138.0% | 1,490↑152.3% | -2,850 | |
| Income Tax Expense | 1,202↑64.0% | 733↓33.3% | 1,099↑83.2% | 600↑5554.5% | -11 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 3,152↑81.4% | 1,738↓29.0% | 2,447↑174.9% | 890↑131.3% | -2,839 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 2,769↑100.4% | 1,382↓34.1% | 2,096↑275.0% | 559↑118.1% | -3,093 | |
| Bottom-Line Net Income | 2,769↑100.4% | 1,382↓34.1% | 2,096↑275.0% | 559↑118.1% | -3,093 | |
| EPS (Basic) | 9.02↑99.6% | 4.52↓33.5% | 6.80↑277.8% | 1.80↑117.9% | -10.08 | |
| EPS (Diluted) | 8.98↑100.0% | 4.49↓33.7% | 6.77↑276.1% | 1.80↑117.7% | -10.15 | |
| Weighted Average Shares | 307↑0.3% | 306↓0.1% | 306↓0.4% | 307↑0.9% | 305 | |
| Weighted Average Diluted Shares | 308↑0.2% | 308↓0.6% | 310↑0.1% | 309↑1.5% | 305 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.