Hess Corporation
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 4.7b | 7.5b | 11.3b | 10.5b | 13.2b | 13.8b | 15.1b |
% growth | (28 %) | 60 % | 52 % | (7 %) | 26 % | 5 % | 9 % |
EBITDA | 1.7b | 3.6b | 5.8b | 5.2b | 7.6b | 7.9b | 9.1b |
% EBITDA margin | 37 % | 48 % | 51 % | 50 % | 57 % | 57 % | 61 % |
Profit | (3.1b) | 559m | 2.2b | 1.4b | 3.2b | 3.4b | 3.9b |
% profit margin | (66 %) | 7 % | 20 % | 13 % | 24 % | 24 % | 26 % |
EV / revenue | 4.9x | 3.8x | 4.3x | 4.8x | 3.7x | 3.5x | 3.1x |
EV / EBITDA | 13.1x | 7.9x | 8.4x | 9.8x | 6.4x | 6.1x | 5.2x |
Recent News about Hess Corporation
EditHess Corporation is a leading independent energy company engaged in the exploration and production of crude oil and natural gas. The company operates in both onshore and offshore environments, with significant assets in the Bakken shale formation and the Stabroek Block offshore Guyana. Hess serves a diverse range of clients, including industrial, commercial, and governmental entities, primarily in the energy sector. The company’s business model focuses on maximizing value through production and development excellence, leveraging premier acreage and advanced infrastructure. Hess generates revenue by extracting and selling crude oil and natural gas, optimizing asset performance, and reducing operational costs. The company is also committed to corporate social responsibility, emphasizing climate change stewardship and sustainability practices.
Keywords: oil exploration, natural gas production, Bakken shale, Stabroek Block, offshore drilling, energy sustainability, asset optimization, cost reduction, climate stewardship, deepwater development.