Hess (HES) Revenue & Revenue Breakdown

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Hess Revenue Highlights

Latest Revenue (Y)

$10.70B

Latest Revenue (Q)

$3.28B

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
2024-09-30	$3.28B	2.50%
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 $3.28B in revenue during Q3 2024, up 2.50% compared to the previous quarter, and up 143.38% 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
Exploration And Production	$10.66B	$3.14B	$1.75B	$847.00M	$1.64B
Crude Oil	$6.69B	-	-	-	-
Midstream	$1.35B	$1.27B	-	$1.09B	$848.00M
Natural Gas Revenue	$982.00M	-	-	-	-
Natural Gas Liquids Revenue	$529.00M	-	-	-	-

Hess's latest annual revenue breakdown by segment (product or service), as of Dec 23: Exploration And Production (52.75%), Crude Oil (33.10%), Midstream (6.68%), Natural Gas Revenue (4.86%), and Natural Gas Liquids Revenue (2.62%).

Quarterly Revenue by Product

Product/Service	Sep 24	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
Exploration And Production	$2.15B	$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
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 Sep 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	Sep 24	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
Midstream	$379.00M	$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

Hess's latest quarterly revenue breakdown by geography, as of Sep 24: Midstream (100.00%).

Hess Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
COP	ConocoPhillips	$82.16B	$13.60B
EOG	EOG Resources	$23.18B	$5.97B
DVN	Devon Energy	$15.26B	$3.84B
HES	Hess	$10.70B	$3.28B
FANG	Diamondback Energy	$8.34B	$2.65B
APA	APA	$8.28B	$2.53B
EQT	EQT	$7.53B	$3.65T
CTRA	Coterra Energy	$5.68B	$1.36B
AR	Antero Resources	$4.68B	$1.06B
CIVI	Civitas Resources	$3.48B	$1.27B
PR	Permian Resources	$3.12B	$1.22B
MTDR	Matador Resources	$2.82B	$894.07M
MGY	Magnolia Oil & Gas	$1.23B	$333.13M

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 Q3 2024 was $3.28B, a 2.50% increase from the previous quarter (Q2 2024), and a 17.21% increase year-over-year (Q3 2023). The company'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). HES'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).

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 Exploration And Production, Crude Oil, Midstream, Natural Gas Revenue, and Natural Gas Liquids Revenue. Exploration And Production generated $10.66B in revenue, accounting 52.75% of the company's total revenue, up 239.13% year-over-year. Crude Oil generated $6.69B in revenue, accounting 33.10% of the company's total revenue Midstream generated $1.35B in revenue, accounting 6.68% of the company's total revenue, up 5.97% year-over-year. Natural Gas Revenue generated $982M in revenue, accounting 4.86% of the company's total revenue Natural Gas Liquids Revenue generated $529M in revenue, accounting 2.62% of the company's total revenue

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 52.75% of the company's total revenue.