Hess Management

Management criteria checks 3/4

Hess' CEO is John Hess, appointed in May 1995, has a tenure of 46.33 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 $3.44B. The average tenure of the management team and the board of directors is 10 years and 10.5 years respectively.

Key information

John Hess

Chief executive officer

US$16.8m

Total compensation

CEO salary percentage	9.0%
CEO tenure	29yrs
CEO ownership	7.1%
Management average tenure	10yrs
Board average tenure	10.5yrs

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
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 ($USD16.75M) is above average for companies of similar size in the UK market ($USD5.61M).

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

CEO

John Hess (69 yo)

29yrs

Tenure

US$16,750,203

Compensation

Mr. John B. Hess has been the Chief Executive Officer at Hess Corporation since May 3, 1995. Mr. Hess has been the Chairman of the Board of Directors and Chief Executive Officer of Hess Midstream GP LLC, t...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Hess	CEO & Director	29yrs	US$16.75m	7.05% $ 3.4b
John Rielly	Executive VP & CFO	20.1yrs	US$5.52m	0.11% $ 54.0m
Gregory Hill	COO and President of Exploration & Production	10.3yrs	US$10.79m	0.041% $ 20.0m
Timothy Goodell	Executive VP	15.3yrs	US$5.30m	0.053% $ 25.8m
Barbara Lowery-Yilmaz	Senior VP & Chief Exploration Officer	9.8yrs	US$4.07m	0.044% $ 21.2m
Richard Lynch	Senior Vice President of Technology & Services	6.3yrs	no data	0.014% $ 6.7m
Jay Wilson	Vice President of Investor Relations	20.8yrs	no data	no data
Lorrie Hecker	Vice President of Communications	6.8yrs	no data	no data
Andrew Slentz	Senior Vice President of Human Resources & Office Management	8.1yrs	no data	0.014% $ 7.0m
Jonathan Stein	Senior VP	7.3yrs	no data	no data
Geurt Schoonman	Senior Vice President of Global Production	4.3yrs	no data	0.011% $ 5.3m
Eric Fishman	VP & Treasurer	10.7yrs	no data	no data

10.0yrs

Average Tenure

63.5yo

Average Age

Experienced Management: 0J50's management team is seasoned and experienced (10 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Hess	CEO & Director	46.3yrs	US$16.75m	7.05% $ 3.4b
Marc Lipschultz	Independent Director	7.4yrs	US$345.29k	0.0067% $ 3.3m
Edith Holiday	Independent Director	31.3yrs	US$307.50k	0.021% $ 10.1m
Leonard Coleman	Independent Director	7.7yrs	US$343.01k	0.0061% $ 3.0m
Kevin Meyers	Independent Director	11yrs	US$384.12k	0.012% $ 5.9m
Lisa Glatch	Independent Director	2.1yrs	US$358.03k	0.0012% $ 585.4k
David McManus	Independent Director	11yrs	US$342.48k	0.013% $ 6.4m
Raymond McGuire	Independent Director	2.3yrs	US$292.41k	0.0015% $ 722.0k
Karyn Ovelmen	Independent Director	3.5yrs	US$386.64k	0.0025% $ 1.2m
Terrence Checki	Independent Director	10yrs	US$377.48k	0.010% $ 4.9m
William Schrader	Independent Director	11yrs	US$357.58k	0.011% $ 5.2m
James Quigley	Independent Chairman	11yrs	US$563.53k	0.0065% $ 3.2m

10.5yrs

Average Tenure

69yo

Average Age

Experienced Board: 0J50's board of directors are seasoned and experienced ( 10.5 years average tenure).

Hess Management

Management criteria checks 3/4

Key information

Recent management updates

Hess Corporation, Annual General Meeting, May 15, 2024

Insider recently sold US$1.1m worth of stock

CEO & Director recently sold US$20m worth of stock

Key Executive recently sold US$5.1m worth of stock

Key Executive recently sold US$993k worth of stock

Insider recently sold US$3.1m worth of stock

Recent updates

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 to Report Q1, 2024 Results on Apr 25, 2024

Insider recently sold US$1.1m 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 US$20m worth of stock

Now 20% undervalued

New minor risk - Profit margin trend

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

Hess Corporation Updates Production Guidance for the Full Year 2023

Third quarter 2023 earnings released: EPS: US$1.65 (vs US$1.67 in 3Q 2022)

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

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 US$5.1m 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 20% undervalued

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

Now 20% undervalued after recent price drop

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

Now 21% 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 US$993k worth of stock

Investor sentiment deteriorates as stock falls 15%

Insider recently sold US$3.1m 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

Hess Corporation Announces Regular Quarterly Dividend, Payable on December 29, 2022

ConocoPhillips (NYSE:COP) and TotalEnergies SE (ENXTPA:TTE) completed the acquisition of an 8.16% stake in Waha oil concessions from Hess Corporation (NYSE:HES).

Key Executive recently sold US$1.9m worth of stock

Hess Corporation Provides Production Guidance for Fourth Quarter and Full Year 2022

Third quarter 2022 earnings released: EPS: US$1.67 (vs US$0.37 in 3Q 2021)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Hess Corporation Announces Regular Quarterly Dividend on Common Stock, Payable on September 30, 2022

Insider recently sold US$1.5m worth of stock

Key Executive recently sold US$1.2m worth of stock

Second quarter 2022 earnings released: EPS: US$2.15 (vs US$0.24 loss in 2Q 2021)

Hess Corporation Provides Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2022

Hess Corporation Announces Two More Discoveries Offshore Guyana

Now 21% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.38 per share

Hess Corporation Declares Quarterly Dividend, Payable on June 30, 2022

First quarter 2022 earnings released: EPS: US$1.35 (vs US$0.82 in 1Q 2021)

Hess Corporation Announces Three New Discoveries and Increase in Resource Estimate for Stabroek Block, Offshore Guyana

Hess Corporation, Annual General Meeting, May 26, 2022

Insider recently sold US$2.0m worth of stock

Executive VP & CFO recently sold US$688k worth of stock

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Hess Corporation Provides Production Guidance for the First Quarter, Fourth Quarter and Full Year 2022

Hess Corporation Announces First Production from Liza Phase 2 Development, Offshore Guyana

Insider recently sold US$491k worth of stock

Hess Corporation Announces Executive Changes

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Hess Corporation Announces Two Discoveries Offshore Guyana

Key Executive recently sold US$293k worth of stock

Upcoming dividend of US$0.25 per share

ConocoPhillips (NYSE:COP) and TotalEnergies SE (ENXTPA:TTE) agreed to acquire additional 8.16% stake in Waha oil concessions from Hess Corporation (NYSE:HES).

Third quarter 2021 earnings released: EPS US$0.37 (vs US$0.80 loss in 3Q 2020)

Hess Corporation Announces Increase in Recoverable Resource Estimate for Stabroek Block and Significant Discovery at Cataback, Offshore Guyana

Forecast to breakeven in 2021

Key Executive recently sold US$1.1m worth of stock

Hess Announces Oil Discovery at Pinktail, Offshore Guyana