Hess Corporation

Hess Corporation

Oil and gas exploration and drilling company. Learn more

Launch date
Employees
Market cap
AUD60.8b
Enterprise valuation
AUD72.9b (Public information from Sep 2024)
New York City New York (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues4.7b7.5b11.3b10.5b13.2b13.8b15.1b
% growth(28 %)60 %52 %(7 %)26 %5 %9 %
EBITDA1.7b3.6b5.8b5.2b7.6b7.9b9.1b
% EBITDA margin37 %48 %51 %50 %57 %57 %61 %
Profit(3.1b)559m2.2b1.4b3.2b3.4b3.9b
% profit margin(66 %)7 %20 %13 %24 %24 %26 %
EV / revenue4.9x3.8x4.3x4.8x3.7x3.5x3.1x
EV / EBITDA13.1x7.9x8.4x9.8x6.4x6.1x5.2x
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DateInvestorsAmountRound
N/A

N/A

IPO
*

$53.0b

Valuation: $53.0b

4.7x EV/LTM Revenues

9.1x EV/LTM EBITDA

Acquisition
*

$12.9m

Post IPO Equity
Total Funding-

Recent News about Hess Corporation

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More about Hess Corporationinfo icon
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Hess Corporation is a leading independent energy company engaged in the exploration and production of crude oil and natural gas. The company operates in both onshore and offshore environments, with significant assets in the Bakken shale formation and the Stabroek Block offshore Guyana. Hess serves a diverse range of clients, including industrial, commercial, and governmental entities, primarily in the energy sector. The company’s business model focuses on maximizing value through production and development excellence, leveraging premier acreage and advanced infrastructure. Hess generates revenue by extracting and selling crude oil and natural gas, optimizing asset performance, and reducing operational costs. The company is also committed to corporate social responsibility, emphasizing climate change stewardship and sustainability practices.

Keywords: oil exploration, natural gas production, Bakken shale, Stabroek Block, offshore drilling, energy sustainability, asset optimization, cost reduction, climate stewardship, deepwater development.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Hess Corporation

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Meadville Corporation
ACQUISITION by Hess Corporation Feb 2000