Hess (HES) Revenue & Revenue Breakdown
Hess Revenue Highlights
Latest Revenue (Y)
$10.70B
Latest Revenue (Q)
$3.20B
Main Segment (Y)
Exploration And Production
Main Geography (Y)
Midstream
Hess Revenue by Period
Hess Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $10.70B | -5.50% |
| 2022-12-31 | $11.32B | 51.53% |
| 2021-12-31 | $7.47B | 60.12% |
| 2020-12-31 | $4.67B | -28.14% |
| 2019-12-31 | $6.50B | 2.67% |
| 2018-12-31 | $6.33B | 15.73% |
| 2017-12-31 | $5.47B | 14.78% |
| 2016-12-31 | $4.76B | -28.24% |
| 2015-12-31 | $6.64B | -38.20% |
| 2014-12-31 | $10.74B | -51.82% |
| 2013-12-31 | $22.28B | -40.88% |
| 2012-12-31 | $37.69B | -3.22% |
| 2011-12-31 | $38.94B | 10.84% |
| 2010-12-31 | $35.13B | 18.82% |
| 2009-12-31 | $29.57B | -28.17% |
| 2008-12-31 | $41.16B | 30.08% |
| 2007-12-31 | $31.65B | 12.76% |
| 2006-12-31 | $28.07B | 23.39% |
| 2005-12-31 | $22.75B | 35.94% |
| 2004-12-31 | $16.73B | 16.92% |
| 2003-12-31 | $14.31B | 19.94% |
| 2002-12-31 | $11.93B | -11.04% |
| 2001-12-31 | $13.41B | 11.84% |
| 2000-12-31 | $11.99B | 70.38% |
| 1999-12-31 | $7.04B | 6.81% |
| 1998-12-31 | $6.59B | -19.96% |
| 1997-12-31 | $8.23B | -0.47% |
| 1996-12-31 | $8.27B | 13.28% |
| 1995-12-31 | $7.30B | 10.61% |
| 1994-12-31 | $6.60B | 12.82% |
| 1993-12-31 | $5.85B | - |
Hess generated $10.70B in revenue during NA 2023, up -5.50% compared to the previous quarter, and up 169.16% compared to the same period a year ago.
Hess Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $3.20B | -3.23% |
| 2024-03-31 | $3.31B | 9.90% |
| 2023-12-31 | $3.01B | 7.54% |
| 2023-09-30 | $2.80B | 22.32% |
| 2023-06-30 | $2.29B | -5.06% |
| 2023-03-31 | $2.41B | -17.83% |
| 2022-12-31 | $2.93B | -6.02% |
| 2022-09-30 | $3.12B | 5.65% |
| 2022-06-30 | $2.96B | 27.76% |
| 2022-03-31 | $2.31B | 3.40% |
| 2021-12-31 | $2.24B | 27.17% |
| 2021-09-30 | $1.76B | 11.40% |
| 2021-06-30 | $1.58B | -16.81% |
| 2021-03-31 | $1.90B | 43.68% |
| 2020-12-31 | $1.32B | 13.98% |
| 2020-09-30 | $1.16B | 39.14% |
| 2020-06-30 | $833.00M | -38.48% |
| 2020-03-31 | $1.35B | -19.55% |
| 2019-12-31 | $1.68B | 6.52% |
| 2019-09-30 | $1.58B | -4.82% |
| 2019-06-30 | $1.66B | 5.60% |
| 2019-03-31 | $1.57B | -4.90% |
| 2018-12-31 | $1.65B | -7.81% |
| 2018-09-30 | $1.79B | 16.88% |
| 2018-06-30 | $1.53B | 13.97% |
| 2018-03-31 | $1.35B | -19.06% |
| 2017-12-31 | $1.66B | 21.39% |
| 2017-09-30 | $1.37B | 12.66% |
| 2017-06-30 | $1.22B | -4.78% |
| 2017-03-31 | $1.28B | -8.00% |
| 2016-12-31 | $1.39B | 17.93% |
| 2016-09-30 | $1.18B | -3.84% |
| 2016-06-30 | $1.22B | 25.80% |
| 2016-03-31 | $973.00M | -33.99% |
| 2015-12-31 | $1.47B | -11.79% |
| 2015-09-30 | $1.67B | -14.44% |
| 2015-06-30 | $1.95B | 26.98% |
| 2015-03-31 | $1.54B | -35.21% |
| 2014-12-31 | $2.37B | -13.52% |
| 2014-09-30 | $2.75B | -3.55% |
| 2014-06-30 | $2.85B | -48.76% |
| 2014-03-31 | $5.55B | -57.61% |
| 2013-12-31 | $13.10B | 384.15% |
| 2013-09-30 | $2.71B | -10.13% |
| 2013-06-30 | $3.01B | -13.13% |
| 2013-03-31 | $3.47B | -63.56% |
| 2012-12-31 | $9.51B | 3.45% |
| 2012-09-30 | $9.19B | -1.18% |
| 2012-06-30 | $9.30B | -3.90% |
| 2012-03-31 | $9.68B | -0.52% |
| 2011-12-31 | $9.73B | 12.33% |
| 2011-09-30 | $8.66B | -12.06% |
| 2011-06-30 | $9.85B | -3.54% |
| 2011-03-31 | $10.21B | 13.41% |
| 2010-12-31 | $9.01B | 14.53% |
| 2010-09-30 | $7.86B | 1.71% |
| 2010-06-30 | $7.73B | -16.49% |
| 2010-03-31 | $9.26B | 6.70% |
| 2009-12-31 | $8.68B | 19.37% |
| 2009-09-30 | $7.27B | 7.69% |
| 2009-06-30 | $6.75B | -2.37% |
| 2009-03-31 | $6.92B | -6.34% |
| 2008-12-31 | $7.38B | -35.23% |
| 2008-09-30 | $11.40B | -2.72% |
| 2008-06-30 | $11.72B | 9.84% |
| 2008-03-31 | $10.67B | 12.81% |
| 2007-12-31 | $9.46B | - |
Hess generated $3.20B in revenue during Q2 2024, up -3.23% compared to the previous quarter, and up 132.81% compared to the same period a year ago.
Hess Revenue Breakdown
Hess Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Midstream | $1.35B | $1.27B | - | $1.09B | $848.00M |
| Exploration And Production | $10.66B | $3.14B | $1.75B | $847.00M | $1.64B |
Hess's latest annual revenue breakdown by segment (product or service), as of Dec 23: Exploration And Production (88.77%), and Midstream (11.23%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Exploration And Production | $2.33B | $3.11B | $2.85B | $2.29B | $2.41B | $3.06B | $931.00M | $815.00M | $699.00M | $2.27B | $484.00M | $329.00M | $321.00M | $166.00M | $221.00M | $143.00M | $324.00M | $398.00M | $381.00M | $439.00M |
| Midstream | - | $982.00M | $363.00M | $2.00M | $2.00M | $312.00M | - | - | - | $317.00M | - | - | - | - | - | - | - | - | - | - |
| Corporate And Other | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Hess's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Exploration And Production (100.00%).
Hess Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Midstream | $1.35B | $1.20B | - | - | - |
| GUYANA | - | $230.00M | - | - | - |
| Malaysia And JDA | - | - | - | $511.00M | - |
| UNITED STATES | - | - | - | - | $5.04B |
| Asia And Other Minor Countries | - | - | - | - | $762.00M |
Hess's latest annual revenue breakdown by geography, as of Dec 23: Midstream (100.00%).
Quarterly Revenue by Country
| Country | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Midstream | $356.00M | $982.00M | $363.00M | $2.00M | $2.00M | $312.00M | $335.00M | $314.00M | $312.00M | $317.00M | $304.00M | $294.00M | $289.00M | $267.00M | $264.00M | $270.00M | $291.00M | $253.00M | $215.00M | $190.00M |
Hess's latest quarterly revenue breakdown by geography, as of Mar 24: Midstream (100.00%).
Hess Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| COP | ConocoPhillips | $82.16B | $14.14B |
| EOG | EOG Resources | $23.18B | $6.00B |
| DVN | Devon Energy | $15.26B | $3.74B |
| HES | Hess | $10.70B | $3.20B |
| FANG | Diamondback Energy | $8.34B | $2.48B |
| APA | APA | $8.28B | $2.54B |
| CHK | Chesapeake Energy | $7.78B | $514.00M |
| EQT | EQT | $7.53B | $891.18M |
| MRO | Marathon Oil | $6.41B | $1.71B |
| AR | Antero Resources | $4.68B | $978.65M |
| SWN | Southwestern Energy Company | $4.17B | $659.00M |
| CIVI | Civitas Resources | $3.48B | $1.31B |
| PR | Permian Resources | $3.12B | $1.25B |
| MTDR | Matador Resources Company | $2.82B | $855.20M |
| CTRA | Coterra Energy | $2.37B | $337.00M |
| MGY | Magnolia Oil & Gas | $1.23B | $336.73M |
HES Revenue FAQ
What is Hess’s yearly revenue?
Hess's yearly revenue for 2023 was $10.7B, representing a decrease of -5.50% compared to 2022. The company's yearly revenue for 2022 was $11.32B, representing an increase of 51.53% compared to 2021. HES's yearly revenue for 2021 was $7.47B, representing an increase of 60.12% compared to 2020.
What is Hess’s quarterly revenue?
Hess's quarterly revenue for Q2 2024 was $3.2B, a -3.23% decrease from the previous quarter (Q1 2024), and a 39.89% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $3.31B, a 9.90% increase from the previous quarter (Q4 2023), and a 37.25% increase year-over-year (Q1 2023). HES's quarterly revenue for Q4 2023 was $3.01B, a 7.54% increase from the previous quarter (Q3 2023), and a 2.62% increase year-over-year (Q4 2022).
What is Hess’s revenue growth rate?
Hess's revenue growth rate for the last 3 years (2021-2023) was 43.20%, and for the last 5 years (2019-2023) was 64.76%.
What are Hess’s revenue streams?
Hess's revenue streams in c 23 are Midstream, and Exploration And Production. Midstream generated $1.35B in revenue, accounting 11.23% of the company's total revenue, up 5.97% year-over-year. Exploration And Production generated $10.66B in revenue, accounting 88.77% of the company's total revenue, up 239.13% year-over-year.
What is Hess’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Hess was Exploration And Production. This segment made a revenue of $10.66B, representing 88.77% of the company's total revenue.