HES
Income statement / Annual
Last year (2023), Hess Corporation's total revenue was $10.70 B,
a decrease of 5.50% from the previous year.
In 2023, Hess Corporation's net income was $1.38 B.
See Hess Corporation’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$10.70 B
|
$11.32 B
|
$7.47 B
|
$4.67 B
|
$6.50 B
|
$6.33 B
|
$5.47 B
|
$4.76 B
|
$6.64 B
|
$10.74 B
|
| Cost of Revenue |
$7.06 B |
$3.41 B |
$2.93 B |
$3.42 B |
$3.54 B |
$3.19 B |
$5.71 B |
$6.29 B |
$7.42 B |
$7.25 B |
| Gross Profit |
$3.64 B |
$7.91 B |
$4.54 B |
$1.25 B |
$2.95 B |
$3.14 B |
-$248.00 M |
-$1.53 B |
-$788.00 M |
$3.49 B |
| Gross Profit Ratio |
0.34 |
0.7 |
0.61 |
0.27 |
0.45 |
0.5 |
-0.05 |
-0.32 |
-0.12 |
0.32 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$527.00 M
|
$430.00 M
|
$340.00 M
|
$357.00 M
|
$397.00 M
|
$473.00 M
|
$434.00 M
|
$415.00 M
|
$557.00 M
|
$588.00 M
|
| Selling & Marketing
Expenses |
$2.73 B
|
$3.33 B
|
$2.03 B
|
$936.00 M
|
$1.74 B
|
$1.77 B
|
$1.27 B
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$527.00 M
|
$3.76 B
|
$2.37 B
|
$1.29 B
|
$2.13 B
|
$2.24 B
|
$434.00 M
|
$415.00 M
|
$557.00 M
|
$588.00 M
|
| Other Expenses |
$0.00 |
$174.00 M |
$162.00 M |
$351.00 M |
$233.00 M |
$108.00 M |
$25.00 M |
$82.00 M |
-$126.00 M |
-$121.00 M |
| Operating Expenses |
$527.00 M |
$3.93 B |
$2.54 B |
$1.64 B |
$2.37 B |
$2.61 B |
$941.00 M |
$1.86 B |
$1.44 B |
$1.43 B |
| Cost And Expenses |
$7.59 B |
$7.34 B |
$5.47 B |
$5.06 B |
$5.91 B |
$5.79 B |
$6.66 B |
$8.15 B |
$8.86 B |
$8.68 B |
| Interest Income |
$0.00 |
$461.00 M |
$480.00 M |
$463.00 M |
$380.00 M |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Interest Expense |
$478.00 M |
$493.00 M |
$481.00 M |
$468.00 M |
$380.00 M |
$399.00 M |
$325.00 M |
$338.00 M |
$341.00 M |
$323.00 M |
| Depreciation &
Amortization |
$2.14 B
|
$1.76 B
|
$1.54 B
|
$2.27 B
|
$2.17 B
|
$2.05 B
|
$3.15 B
|
$4.31 B
|
$3.96 B
|
$3.22 B
|
| EBITDA |
$5.09 B
|
$5.79 B
|
$3.51 B
|
-$112.00 M
|
$2.78 B
|
$2.67 B
|
-$2.31 B
|
$786.00 M
|
-$59.00 M
|
$5.98 B
|
| EBITDA Ratio |
0.48 |
0.51 |
0.48 |
0.37 |
0.42 |
0.4 |
0.31 |
-0.01 |
-0.35 |
0.18 |
| Operating Income Ratio
|
0.29
|
0.36
|
0.28
|
-0.07
|
0.09
|
0.08
|
-0.22
|
-0.71
|
-0.34
|
0.16
|
| Total Other
Income/Expenses Net |
-$643.00 M
|
-$2.02 B
|
-$2.07 B
|
-$2.51 B
|
-$365.00 M
|
-$309.00 M
|
-$1.84 B
|
-$671.00 M
|
-$1.30 B
|
$379.00 M
|
| Income Before Tax |
$2.47 B |
$3.68 B |
$1.49 B |
-$2.85 B |
$221.00 M |
$220.00 M |
-$5.78 B |
-$3.85 B |
-$4.26 B |
$2.44 B |
| Income Before Tax Ratio
|
0.23
|
0.33
|
0.2
|
-0.61
|
0.03
|
0.03
|
-1.06
|
-0.81
|
-0.64
|
0.23
|
| Income Tax Expense |
$733.00 M |
$1.11 B |
$600.00 M |
-$11.00 M |
$461.00 M |
$335.00 M |
-$1.84 B |
$2.22 B |
-$1.30 B |
$744.00 M |
| Net Income |
$1.38 B |
$2.10 B |
$890.00 M |
-$2.84 B |
-$240.00 M |
-$282.00 M |
-$4.07 B |
-$6.13 B |
-$3.06 B |
$2.32 B |
| Net Income Ratio |
0.13 |
0.19 |
0.12 |
-0.61 |
-0.04 |
-0.04 |
-0.75 |
-1.29 |
-0.46 |
0.22 |
| EPS |
4.52 |
6.8 |
2.9 |
-9.31 |
-0.8 |
-0.95 |
-12.97 |
-19.79 |
-10.78 |
7.63 |
| EPS Diluted |
4.49 |
6.77 |
2.88 |
-9.31 |
-0.8 |
-0.95 |
-12.97 |
-19.79 |
-10.78 |
7.53 |
| Weighted Average Shares
Out |
$305.90 M
|
$308.10 M
|
$307.40 M
|
$304.80 M
|
$301.20 M
|
$298.18 M
|
$314.02 M
|
$309.89 M
|
$283.51 M
|
$303.70 M
|
| Weighted Average Shares
Out Diluted |
$307.60 M
|
$309.60 M
|
$309.30 M
|
$304.80 M
|
$301.20 M
|
$298.20 M
|
$314.10 M
|
$309.90 M
|
$283.60 M
|
$307.70 M
|
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