Hess Historical Income Statement

HES Stock

USD 151.33 3.28 2.12%

Historical analysis of Hess income statement accounts such as Total Revenue of 14.8 B or Gross Profit of 3.7 B can show how well Hess Corporation performed in making a profits. Evaluating Hess income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hess's future profits or losses.

Cash Flow Balance Sheet Income Statement

Oil Shock

Dot-com Bubble

Housing Crash

Credit Downgrade

Yuan Drop

Covid

Financial Statement Analysis is much more than just reviewing and examining Hess latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hess is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

About Hess Income Statement Analysis

Hess Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hess shareholders. The income statement also shows Hess investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Hess Income Statement Chart

Hess Corporation Income Statement is one of the three primary financial statements used for reporting Hess's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Hess revenue and expense. Hess Income Statement primarily focuses on the company's revenues and expenses during a particular period.

At this time, Hess' Net Income is comparatively stable compared to the past year. Net Income Applicable To Common Shares is likely to gain to about 2.1 B in 2024, whereas EBITDA is likely to drop slightly above 2.7 B in 2024.

Interest Expense Other Operating Expenses Cost Of Revenue Total Operating Expenses

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hess. It is also known as Hess overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Cost Of Revenue

Cost of Revenue is found on Hess income statement and represents the costs associated with goods and services Hess provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from Hess' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hess current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.5B	3.9B	527M	500.7M
Cost Of Revenue	2.9B	3.4B	7.1B	11.1B

Total Operating Expenses Cost Of Revenue

Hess income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Minority Interest	Net Income From Continuing Ops	Non Recurring	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income	Non Operating Income Net Other	Reconciled Depreciation
Depreciation And Amortization		0.15	0.13	-0.25	0.23	-0.39	-0.72	-0.47	0.26	0.03	-0.31	-0.03	-0.25	-0.14	0.27	-0.19	0.32	-0.43	0.43	-0.05	-0.23	-0.45	0.5	-0.42	0.55
Interest Expense	0.15		0.14	0.33	0.09	0.37	0.32	0.38	0.05	0.15	0.3	0.04	0.25	0.15	-0.29	0.54	-0.47	0.11	-0.33	-0.46	0.46	0.63	-0.68	0.52	-0.63
Total Revenue	0.13	0.14		0.77	0.99	0.64	0.37	0.52	0.97	0.62	0.6	0.28	0.57	0.37	0.77	-0.22	-0.01	0.53	-0.02	0.74	-0.39	-0.22	0.25	-0.47	0.32
Gross Profit	-0.25	0.33	0.77		0.66	0.91	0.75	0.85	0.61	0.74	0.85	0.38	0.81	0.41	0.46	0.27	-0.33	0.8	-0.42	0.5	-0.12	0.23	-0.19	-0.05	-0.18
Other Operating Expenses	0.23	0.09	0.99	0.66		0.51	0.24	0.39	0.99	0.6	0.47	0.23	0.44	0.34	0.76	-0.33	0.08	0.4	0.09	0.72	-0.4	-0.33	0.34	-0.54	0.41
Operating Income	-0.39	0.37	0.64	0.91	0.51		0.85	0.87	0.48	0.4	0.92	0.4	0.91	0.35	0.4	0.33	-0.5	0.92	-0.51	0.43	-0.09	0.42	-0.38	0.08	-0.31
Ebit	-0.72	0.32	0.37	0.75	0.24	0.85		0.92	0.2	0.31	0.71	0.17	0.62	0.37	0.02	0.43	-0.54	0.71	-0.53	0.18	0.21	0.56	-0.57	0.4	-0.54
Ebitda	-0.47	0.38	0.52	0.85	0.39	0.87	0.92		0.35	0.5	0.74	0.2	0.66	0.41	0.18	0.49	-0.46	0.69	-0.44	0.26	0.11	0.5	-0.41	0.29	-0.37
Cost Of Revenue	0.26	0.05	0.97	0.61	0.99	0.48	0.2	0.35		0.51	0.45	0.22	0.42	0.31	0.79	-0.38	0.1	0.38	0.13	0.74	-0.44	-0.35	0.38	-0.57	0.47
Total Operating Expenses	0.03	0.15	0.62	0.74	0.6	0.4	0.31	0.5	0.51		0.38	0.18	0.33	0.34	0.32	0.13	0.03	0.28	-0.14	0.36	-0.06	-0.11	0.13	-0.16	0.03
Income Before Tax	-0.31	0.3	0.6	0.85	0.47	0.92	0.71	0.74	0.45	0.38		0.72	0.94	0.56	0.46	0.27	-0.42	0.93	-0.69	0.49	0.02	0.32	-0.28	-0.1	-0.24
Total Other Income Expense Net	-0.03	0.04	0.28	0.38	0.23	0.4	0.17	0.2	0.22	0.18	0.72		0.64	0.68	0.41	0.04	-0.09	0.58	-0.7	0.41	0.18	-0.01	0.04	-0.39	0.0
Net Income	-0.25	0.25	0.57	0.81	0.44	0.91	0.62	0.66	0.42	0.33	0.94	0.64		0.29	0.53	0.18	-0.31	0.97	-0.54	0.53	-0.22	0.25	-0.19	-0.1	-0.17
Income Tax Expense	-0.14	0.15	0.37	0.41	0.34	0.35	0.37	0.41	0.31	0.34	0.56	0.68	0.29		0.16	0.15	-0.25	0.28	-0.61	0.28	0.52	0.12	-0.12	-0.27	-0.09
Selling General Administrative	0.27	-0.29	0.77	0.46	0.76	0.4	0.02	0.18	0.79	0.32	0.46	0.41	0.53	0.16		-0.4	0.23	0.51	0.1	0.88	-0.65	-0.44	0.59	-0.77	0.68
Selling And Marketing Expenses	-0.19	0.54	-0.22	0.27	-0.33	0.33	0.43	0.49	-0.38	0.13	0.27	0.04	0.18	0.15	-0.4		-0.71	0.18	-0.51	-0.55	0.57	0.73	-0.65	0.59	-0.66
Minority Interest	0.32	-0.47	-0.01	-0.33	0.08	-0.5	-0.54	-0.46	0.1	0.03	-0.42	-0.09	-0.31	-0.25	0.23	-0.71		-0.37	0.53	0.28	-0.47	-0.67	0.7	-0.31	0.59
Net Income From Continuing Ops	-0.43	0.11	0.53	0.8	0.4	0.92	0.71	0.69	0.38	0.28	0.93	0.58	0.97	0.28	0.51	0.18	-0.37		-0.56	0.56	-0.22	0.28	-0.22	-0.09	-0.19
Non Recurring	0.43	-0.33	-0.02	-0.42	0.09	-0.51	-0.53	-0.44	0.13	-0.14	-0.69	-0.7	-0.54	-0.61	0.1	-0.51	0.53	-0.56		0.08	-0.58	-0.54	0.54	-0.18	0.61
Discontinued Operations	-0.05	-0.46	0.74	0.5	0.72	0.43	0.18	0.26	0.74	0.36	0.49	0.41	0.53	0.28	0.88	-0.55	0.28	0.56	0.08		-0.63	-0.47	0.55	-0.73	0.62
Tax Provision	-0.23	0.46	-0.39	-0.12	-0.4	-0.09	0.21	0.11	-0.44	-0.06	0.02	0.18	-0.22	0.52	-0.65	0.57	-0.47	-0.22	-0.58	-0.63		0.54	-0.63	0.45	-0.64
Interest Income	-0.45	0.63	-0.22	0.23	-0.33	0.42	0.56	0.5	-0.35	-0.11	0.32	-0.01	0.25	0.12	-0.44	0.73	-0.67	0.28	-0.54	-0.47	0.54		-0.92	0.68	-0.82
Net Interest Income	0.5	-0.68	0.25	-0.19	0.34	-0.38	-0.57	-0.41	0.38	0.13	-0.28	0.04	-0.19	-0.12	0.59	-0.65	0.7	-0.22	0.54	0.55	-0.63	-0.92		-0.73	0.92
Non Operating Income Net Other	-0.42	0.52	-0.47	-0.05	-0.54	0.08	0.4	0.29	-0.57	-0.16	-0.1	-0.39	-0.1	-0.27	-0.77	0.59	-0.31	-0.09	-0.18	-0.73	0.45	0.68	-0.73		-0.83
Reconciled Depreciation	0.55	-0.63	0.32	-0.18	0.41	-0.31	-0.54	-0.37	0.47	0.03	-0.24	0.0	-0.17	-0.09	0.68	-0.66	0.59	-0.19	0.61	0.62	-0.64	-0.82	0.92	-0.83

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Hess Account Relationship Matchups

Hess income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.1B	2.1B	1.5B	1.7B	2.2B	1.7B
Interest Expense	380M	468M	481M	493M	528M	554.4M
Total Revenue	6.5B	4.7B	7.5B	11.3B	10.7B	14.8B
Gross Profit	3.0B	1.3B	4.5B	7.9B	3.6B	3.7B
Other Operating Expenses	5.9B	5.1B	5.5B	7.3B	7.6B	13.4B
Operating Income	579M	(343M)	2.1B	4.1B	3.1B	3.3B
Ebit	579M	(343M)	2.1B	4.1B	3.1B	3.3B
Ebitda	2.7B	1.7B	3.6B	5.8B	5.3B	2.7B
Cost Of Revenue	3.5B	3.4B	2.9B	3.4B	7.1B	11.1B
Total Operating Expenses	2.4B	1.6B	2.5B	3.9B	527M	500.7M
Income Before Tax	221M	(2.9B)	1.5B	3.7B	2.5B	2.6B
Total Other Income Expense Net	(358M)	(2.5B)	(599M)	(446M)	(643M)	(610.9M)
Net Income	(240M)	(2.8B)	890M	2.1B	1.4B	1.5B
Income Tax Expense	461M	(11M)	600M	1.1B	733M	546.9M
Selling General Administrative	397M	357M	340M	430M	527M	425.1M
Net Income Applicable To Common Shares	(412M)	(3.1B)	559M	2.2B	2.0B	2.1B
Selling And Marketing Expenses	1.7B	936M	2.0B	3.3B	2.7B	1.4B
Minority Interest	168M	254M	(331M)	(351M)	(315.9M)	(300.1M)
Net Income From Continuing Ops	(240M)	(2.8B)	890M	2.6B	1.8B	1.9B
Non Recurring	233M	2.5B	162M	208M	187.2M	177.8M
Tax Provision	461M	(11M)	600M	1.1B	843M	885.2M
Interest Income	377M	468M	481M	493M	567.0M	438.1M
Net Interest Income	(380M)	(468M)	(481M)	(493M)	(486M)	(510.3M)
Reconciled Depreciation	2.1B	2.1B	1.5B	1.7B	2.1B	1.6B

Pair Trading with Hess

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hess position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hess will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hess Stock

0.84	AR	Antero Resources Corp	Pair Corr
0.65	PR	Permian Resources	Pair Corr
0.75	SM	SM Energy	Pair Corr

Moving against Hess Stock

0.66

CEI

Camber Energy

Pair Corr

The ability to find closely correlated positions to Hess could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hess when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hess - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hess Corporation to buy it.

The correlation of Hess is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hess moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hess moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Hess can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Hess is a strong investment it is important to analyze Hess' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hess' future performance. For an informed investment choice regarding Hess Stock, refer to the following important reports:

How To Invest In Hess

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Is Hess Stock a good investment?

Details

What is Hess' Net Worth?

Details

Largest Oil & Gas E&P Companies

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Largest Energy Companies

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Note that the Hess information on this page should be used as a complementary analysis to other Hess' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Complementary Tools for Hess Stock analysis

When running Hess' price analysis, check to measure Hess' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hess is operating at the current time. Most of Hess' value examination focuses on studying past and present price action to predict the probability of Hess' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hess' price. Additionally, you may evaluate how the addition of Hess to your portfolios can decrease your overall portfolio volatility.

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Is Hess' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hess. If investors know Hess will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hess listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.796

Dividend Share

1.75

Earnings Share

6.39

Revenue Per Share

36.534

Quarterly Revenue Growth

0.377

The market value of Hess is measured differently than its book value, which is the value of Hess that is recorded on the company's balance sheet. Investors also form their own opinion of Hess' value that differs from its market value or its book value, called intrinsic value, which is Hess' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hess' market value can be influenced by many factors that don't directly affect Hess' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Hess' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hess is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hess' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Hess Historical Income Statement

About Hess Income Statement Analysis

Hess Income Statement Chart

Interest Expense

Other Operating Expenses

Cost Of Revenue

Total Operating Expenses

Hess income statement Correlations

Hess Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hess income statement Accounts

Pair Trading with Hess

Moving together with Hess Stock

Moving against Hess Stock

Complementary Tools for Hess Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Operating Expenses	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Other Operating Expenses
Cost Of Revenue	+ 0.97	Total Revenue
Net Income From Continuing Ops	+ 0.97	Net Income
Net Income	+ 0.94	Income Before Tax
Net Income From Continuing Ops	+ 0.93	Income Before Tax

Net Interest Income	- 0.92	Interest Income
Reconciled Depreciation	- 0.83	Non Operating Income Net Other
Reconciled Depreciation	- 0.82	Interest Income
Non Operating Income Net Other	- 0.77	Selling General Administrative
Non Operating Income Net Other	- 0.73	Net Interest Income
Non Operating Income Net Other	- 0.73	Discontinued Operations