Hess Management

Management criteria checks 3/4

Hess' CEO is John Hess, appointed in May 1995, has a tenure of 29.42 years. total yearly compensation is $16.75M, comprised of 9% salary and 91% bonuses, including company stock and options. directly owns 7.05% of the company’s shares, worth €2.78B. The average tenure of the management team and the board of directors is 10.5 years and 10.9 years respectively.

Key information

John Hess

Chief executive officer

US$16.8m

Total compensation

CEO salary percentage	9.0%
CEO tenure	29.4yrs
CEO ownership	7.1%
Management average tenure	10.5yrs
Board average tenure	10.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Hess's remuneration changed compared to Hess's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$17m	US$2m	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$2b
Dec 31 2022	US$14m	US$2m	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$724m
Dec 31 2021	US$12m	US$2m	US$559m
Sep 30 2021	n/a	n/a	US$197m
Jun 30 2021	n/a	n/a	-US$161m
Mar 31 2021	n/a	n/a	-US$408m
Dec 31 2020	US$11m	US$2m	-US$3b
Sep 30 2020	n/a	n/a	-US$3b
Jun 30 2020	n/a	n/a	-US$3b
Mar 31 2020	n/a	n/a	-US$3b
Dec 31 2019	US$13m	US$2m	-US$412m
Sep 30 2019	n/a	n/a	-US$206m
Jun 30 2019	n/a	n/a	-US$47m
Mar 31 2019	n/a	n/a	-US$183m
Dec 31 2018	US$13m	US$2m	-US$328m
Sep 30 2018	n/a	n/a	-US$3b
Jun 30 2018	n/a	n/a	-US$4b
Mar 31 2018	n/a	n/a	-US$4b
Dec 31 2017	US$15m	US$2m	-US$4b

Compensation vs Market: John's total compensation ($USD16.75M) is above average for companies of similar size in the Austrian market ($USD4.35M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Hess (70 yo)

29.4yrs

Tenure

US$16,750,203

Compensation

Mr. John B. Hess is Independent Director of The Goldman Sachs Group, Inc. from June 24, 2024. He has been the Chief Executive Officer at Hess Corporation since May 3, 1995. Mr. Hess has been the Chairman o...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Hess	CEO & Director	29.4yrs	US$16.75m	7.05% € 2.8b
John Rielly	Executive VP & CFO	20.5yrs	US$5.52m	0.11% € 43.7m
Gregory Hill	COO and President of Exploration & Production	10.8yrs	US$10.79m	0.041% € 16.1m
Timothy Goodell	Executive VP	15.8yrs	US$5.30m	0.053% € 20.8m
Barbara Lowery-Yilmaz	Senior VP & Chief Exploration Officer	10.2yrs	US$4.07m	0.044% € 17.2m
Richard Lynch	Senior Vice President of Technology & Services	6.8yrs	no data	0.014% € 5.4m
Jay Wilson	Vice President of Investor Relations	21.3yrs	no data	no data
Lorrie Hecker	Vice President of Communications	7.2yrs	no data	no data
Andrew Slentz	Senior Vice President of Human Resources & Office Management	8.5yrs	no data	0.014% € 5.5m
Jonathan Stein	Senior VP	7.8yrs	no data	no data
Geurt Schoonman	Senior Vice President of Global Production	4.8yrs	no data	0.011% € 4.3m
Eric Fishman	VP & Treasurer	11.1yrs	no data	no data

10.5yrs

Average Tenure

64.5yo

Average Age

Experienced Management: HES's management team is seasoned and experienced (10.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Hess	CEO & Director	46.8yrs	US$16.75m	7.05% € 2.8b
Marc Lipschultz	Independent Director	7.8yrs	US$345.29k	0.0067% € 2.7m
Edith Holiday	Independent Director	31.8yrs	US$344.98k	0.021% € 8.2m
Leonard Coleman	Independent Director	8.1yrs	US$343.01k	0.0061% € 2.4m
Kevin Meyers	Independent Director	11.4yrs	US$384.12k	0.012% € 4.8m
Lisa Glatch	Independent Director	2.5yrs	US$358.03k	0.0012% € 473.1k
David McManus	Independent Director	11.4yrs	US$342.48k	0.013% € 5.1m
Raymond McGuire	Independent Director	2.7yrs	US$331.53k	0.0015% € 583.5k
Karyn Ovelmen	Independent Director	3.9yrs	US$386.64k	0.0025% € 977.7k
Terrence Checki	Independent Director	10.4yrs	US$377.48k	0.010% € 3.9m
William Schrader	Independent Director	11.4yrs	US$357.58k	0.011% € 4.2m
James Quigley	Independent Chairman	11.4yrs	US$563.53k	0.0065% € 2.6m

10.9yrs

Average Tenure

70yo

Average Age

Experienced Board: HES's board of directors are seasoned and experienced ( 10.9 years average tenure).

Hess Management

Management criteria checks 3/4

Key information

Recent management updates

Hess Corporation, Annual General Meeting, May 15, 2024

Hess Corporation, Annual General Meeting, May 15, 2024

Insider recently sold €1.0m worth of stock

CEO & Director recently sold €18m worth of stock

Key Executive recently sold €4.6m worth of stock

Key Executive recently sold €917k worth of stock

Recent updates

Hess Corporation to Report Q3, 2024 Results on Oct 30, 2024

Hess Corporation Announces HSR Clearance Of Chevron-Hess Merger

Second quarter dividend of US$0.50 announced

Hess Corporation Increases Regular Quarterly Dividend on Common Stock, Payable on September 30, 2024

Second quarter 2024 earnings released: EPS: US$2.47 (vs US$0.39 in 2Q 2023)

Hess Corporation Provides Production Guidance for the Third Quarter of 2024

Hess Corporation to Report Q2, 2024 Results on Jul 31, 2024

Upcoming dividend of US$0.44 per share

First quarter dividend of US$0.44 announced

Hess Corporation Declares Regular Quarterly Dividend, Payable on June 28, 2024

First quarter 2024 earnings released: EPS: US$3.18 (vs US$1.13 in 1Q 2023)

Hess Corporation, Annual General Meeting, May 15, 2024

Hess Corporation, Annual General Meeting, May 15, 2024

Hess Corporation to Report Q1, 2024 Results on Apr 25, 2024

Insider recently sold €1.0m worth of stock

Exxon Mobil Chief Executive Officer Says Not Trying to Acquire Hess

Fourth quarter dividend of US$0.44 announced

CEO & Director recently sold €18m worth of stock

Full year 2023 earnings released: EPS: US$4.52 (vs US$6.80 in FY 2022)

Hess Corporation to Report Q4, 2023 Results on Jan 31, 2024

Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on December 29, 2023

Third quarter 2023 earnings released: EPS: US$1.64 (vs US$1.67 in 3Q 2022)

Hess Corporation Updates Production Guidance for the Full Year 2023

Chevron Corporation (NYSE:CVX) entered into a definitive agreement to acquire Hess Corporation (NYSE:HES) for approximately $53 billion.

New minor risk - Share price stability

Hess Corporation to Report Q3, 2023 Results on Oct 05, 2023

Hess Corporation Increases Regular Quarterly Dividend on Common Stock, Payable on September 29, 2023

Key Executive recently sold €4.6m worth of stock

Hess Corporation Revises Production Guidance for the Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.39 (vs US$2.15 in 2Q 2022)

Now 22% undervalued

Upcoming dividend of US$0.44 per share at 1.3% yield

Hess Corporation Declares Regular Quarterly Dividend, Payable on the Common Stock of the Corporation on June 30, 2023

Now 20% undervalued after recent price drop

First quarter 2023 earnings released: EPS: US$1.14 (vs US$1.35 in 1Q 2022)

Key Executive recently sold €917k worth of stock

Investor sentiment deteriorates as stock falls 15%

Insider recently sold €2.9m worth of stock

Full year 2022 earnings released: EPS: US$6.80 (vs US$1.82 in FY 2021)

Full year 2022 earnings released: EPS: US$7.18 (vs US$1.82 in FY 2021)

Hess Corporation Provides Production Guidance for the Year 2023

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age