Hess Corporation

NYSE:HES Stock Report

Market Cap: US$45.5b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Hess Past Earnings Performance

Past criteria checks 5/6

Hess has been growing earnings at an average annual rate of 63.7%, while the Oil and Gas industry saw earnings growing at 36.6% annually. Revenues have been growing at an average rate of 19.6% per year. Hess's return on equity is 21%, and it has net margins of 18.2%.

Key information

63.75%

Earnings growth rate

63.90%

EPS growth rate

Oil and Gas Industry Growth33.67%
Revenue growth rate19.60%
Return on equity21.05%
Net Margin18.15%
Next Earnings Update30 Jul 2025

Recent past performance updates

Recent updates

Hess Corporation: Climax Ahead

Jul 07

Hess Corporation: Advantage To Exxon Mobil

Jan 30

Hess Corporation: All Avenues Lead To Guyana

Nov 21

Hess Corporation: Time Value Clock Is Ticking While Management Remains Silent

Oct 07

Hess Corporation: Manifesting The Time Value Of Money

Aug 01

Hess Chevron Merger - Detailed Insight Into The ICC Arbitration Process And Its Impact

Jun 24

Hess Corporation: An Attractive Risk/Reward Prospect On Merger Drama (Rating Upgrade)

May 25

Hess Corporation: What Has Changed

May 16

Hess Corporation And An Acquisition That Might Not Close

Apr 14

Hess: Why No Acquisition Premium Is Already A Premium

Feb 13

The Hess Merger Is Likely Going Through, Why Buying The Stock Still Makes Sense

Dec 29

Hess-Chevron: How We Are Playing The Deal With Venezuela Laying Claim To Stabroek Block

Dec 08

CEO John Hess Sells 90-Year Old Hess Corporation To Chevron

Oct 23

Hess Corporation: Time To Buy The Dip

Sep 25

Hess Corporation: Accelerated Cash Flow Growth

Aug 01

Revenue & Expenses Breakdown

How Hess makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:HES Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2512,2702,2279730
31 Dec 2412,6622,7697960
30 Sep 2412,4712,6407220
30 Jun 2412,0802,6467350
31 Mar 2411,1852,0087830
31 Dec 2310,2951,3828170
30 Sep 2310,2241,4668500
30 Jun 2310,5351,4778440
31 Mar 2311,1802,0257690
31 Dec 2211,0692,0967190
30 Sep 2210,4551,8645600
30 Jun 229,1221,4645040
31 Mar 227,6927245060
31 Dec 217,3015594820
30 Sep 216,3251973710
30 Jun 215,733-1614030
31 Mar 215,092-4083910
31 Dec 204,543-3,0935270
30 Sep 204,885-3,2187160
30 Jun 205,293-3,1877140
31 Mar 206,090-2,8737280
31 Dec 196,311-4125830
30 Sep 196,287-2065380
30 Jun 196,500-476480
31 Mar 196,378-1837010
31 Dec 186,152-3287090
30 Sep 186,177-3,0017260
30 Jun 185,752-3,5836240
31 Mar 185,427-3,9015820
31 Dec 175,347-4,1206060
30 Sep 175,076-6,3346420
30 Jun 174,905-6,0506720
31 Mar 174,934-5,9947400
31 Dec 164,661-6,1738140
30 Sep 164,738-3,0837990
30 Jun 165,230-2,9989240
31 Mar 165,942-3,1479340
31 Dec 156,490-3,0089000
30 Sep 157,543-1,2019010
30 Jun 158,510-5989910
31 Mar 159,3539309440
31 Dec 1410,4621,6359860
30 Sep 1410,5582,5691,0540

Quality Earnings: HES has high quality earnings.

Growing Profit Margin: HES's current net profit margins (18.2%) are higher than last year (18%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HES has become profitable over the past 5 years, growing earnings by 63.7% per year.

Accelerating Growth: HES's earnings growth over the past year (10.9%) is below its 5-year average (63.7% per year).

Earnings vs Industry: HES earnings growth over the past year (10.9%) exceeded the Oil and Gas industry -9.8%.

Return on Equity

High ROE: HES's Return on Equity (21%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/17 06:31
End of Day Share Price 2025/07/17 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hess Corporation is covered by 30 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Yim ChengBarclays
Mark GilmanBenchmark Company