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HES - Hess Corporation

NYSE -> Energy -> Oil & Gas E&P
New York, United States
Type: Equity

HES price evolution
HES
(in millions $) 31 Jan 2024 30 Oct 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $1688 $2018 $2226 $2100
Short term investments
Net receivables $1330 $1460 $1019 $1207
Inventory $304 $333 $278 $229
Total current assets $3430 $3916 $3704 $3799
Long term investments
Property, plant & equipment $18260 $17015 $16373 $16075
Goodwill & intangible assets $360 $360 $360 $360
Total noncurrent assets $20577 $19285 $18526 $18139
Total investments
Total assets $24007 $23201 $22230 $21938
Current liabilities
Accounts payable $402 $426 $350 $344
Deferred revenue
Short long term debt $681 $507 $230 $242
Total current liabilities $3270 $2996 $2403 $2308
Long term debt $8458 $8404 $9034 $8978
Total noncurrent liabilities $11135 $10906 $10925 $10909
Total debt $9598 $9303 $9264 $9220
Total liabilities $15021 $14570 $13328 $13217
Shareholders' equity
Retained earnings $2318 $2039 $1670 $1686
Other shareholder equity $8986 $8631 -$147 -$114
Total shareholder equity $8986 $8631 $8272 $8133
(in millions $) 31 Jan 2024 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $1688 $2486 $2713 $1739
Short term investments
Net receivables $1330 $1162 $1211 $860
Inventory $304 $217 $223 $378
Total current assets $3430 $3931 $4346 $3081
Long term investments $5
Property, plant & equipment $18260 $15828 $14678 $14709
Goodwill & intangible assets $360 $360 $360 $360
Total noncurrent assets $20577 $17764 $16169 $15740
Total investments
Total assets $24007 $21729 $20515 $18821
Current liabilities
Accounts payable $402 $285 $220 $200
Deferred revenue
Short long term debt $681 $224 $606 $91
Total current liabilities $3270 $2280 $3064 $1623
Long term debt $8458 $8457 $8535 $8984
Total noncurrent liabilities $11135 $10803 $10425 $10863
Total debt $9598 $9150 $9141 $9075
Total liabilities $15021 $13747 $13489 $12486
Shareholders' equity
Retained earnings $2318 $1474 $379 $130
Other shareholder equity $8986 $7982 -$406 -$755
Total shareholder equity $8986 $7855 $6300 $5366
(in millions $) 31 Jan 2024 30 Oct 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $3011 $2800 $2320 $2453
Cost of revenue $1047 $1033
Gross Profit $2064 $2043 $1273 $1420
Operating activities
Research & development $99 $66
Selling, general & administrative $108 $136
Total operating expenses $1287 $1146 $786 $693
Operating income $487 $727
Income from continuing operations
EBIT $401 $645
Income tax expense $182 $215 $160 $176
Interest expense -$116 -$117 $122 $123
Net income
Net income $413 $504 $119 $346
Income (for common shares) $119 $346
(in millions $) 31 Jan 2024 31 Dec 2022 31 Jan 2022 31 Dec 2020
Revenue
Total revenue $10511 $11570 $4804
Cost of revenue $5035 $2278
Gross Profit $7563 $6535 $2526
Operating activities
Research & development $208 $351
Selling, general & administrative $531 $357
Total operating expenses $4666 $2496 $4908
Operating income $4039 -$2382
Income from continuing operations
EBIT $3688 -$2636
Income tax expense $733 $1099 -$11
Interest expense -$478 $493 $468
Net income
Net income $1382 $2096 -$3093
Income (for common shares) $2096 -$3093
(in millions $) 31 Jan 2024 30 Oct 2023 30 Jun 2023 31 Mar 2023
Net income $119 $346
Operating activities
Depreciation $497 $491
Business acquisitions & disposals
Stock-based compensation $18 $35
Total cash flows from operations $974 $638
Investing activities
Capital expenditures -$821 -$837
Investments
Total cash flows from investing -$4113 -$2666 -$821 -$841
Financing activities
Dividends paid -$539 -$405 -$134 -$137
Sale and purchase of stock $1 -$17
Net borrowings $75 $101
Total cash flows from financing -$627 -$400 -$27 -$183
Effect of exchange rate
Change in cash and equivalents -$798 -$468 $126 -$386
(in millions $) 31 Jan 2024 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $2096 $559 -$3093
Operating activities
Depreciation $1703 $1528 $2074
Business acquisitions & disposals $178 $427 $493
Stock-based compensation $83 $77 $79
Total cash flows from operations $3944 $2890 $1333
Investing activities
Capital expenditures -$2725 -$1747 -$2197
Investments
Total cash flows from investing -$4113 -$2555 -$1325 -$1707
Financing activities
Dividends paid -$539 -$465 -$311 -$309
Sale and purchase of stock -$578 $77
Net borrowings -$185 $150 $1145
Total cash flows from financing -$627 -$1616 -$591 $568
Effect of exchange rate
Change in cash and equivalents -$798 -$227 $974 $194
News
Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet -...
Benzinga 22 Mar 2024
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Insider Monkey via Yahoo Finance 22 Mar 2024
3 Stocks to Watch on Oil Companies' Rush to Drill Land
Zacks via Yahoo Finance 20 Mar 2024
Saved by Zero
GuruFocus.com via Yahoo Finance 19 Mar 2024
Exxon CEO Denies Interest in Buying Hess, Focuses on Preemption Rights In Dispute with Chevron:...
Benzinga 18 Mar 2024
20 Biggest Natural Gas Companies in the World
Insider Monkey via Yahoo Finance 13 Mar 2024
Oil & Gas Stock Roundup: CVX & HES Take Center Stage
Zacks via Yahoo Finance 13 Mar 2024
Kuehn Law Encourages ETRN, SCX, TAST, and HES Investors to Contact Law Firm
FOX 23 News Albany 12 Mar 2024
15 Best Spring Stocks To Buy Now
Insider Monkey via Yahoo Finance 9 Mar 2024
13 Oil Stocks with Biggest Upside
Insider Monkey via Yahoo Finance 8 Mar 2024
Fundamentals
Market cap $46.24B
Enterprise value $54.15B
Shares outstanding 307.15M
Revenue $10.58B
EBITDA N/A
EBIT N/A
Net Income $1.38B
Revenue Q/Q -1.41%
Revenue Y/Y N/A
P/E ratio 33.46
EV/Sales 5.12
EV/EBITDA N/A
EV/EBIT N/A
P/S ratio 4.37
P/B ratio InfinityT
Book/Share 0.00
Cash/Share 5.50
EPS $4.50
ROA 6.05%
ROE 16.25%
Debt/Equity 1.67
Net debt/EBITDA N/A
Current ratio 1.05
Quick ratio 0.96