Hess Corporation
Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas in the United States, Guyana, the Malaysia/Thailand Joint Development Area, and Malaysia. It operates in two segments, Exploration and Production, and Midstream. The company also conduct exploration activities principally offshore … Read more
Hess Corporation (HES) - Net Assets
Latest net assets as of March 2025: $12.38 Billion USD
Based on the latest financial reports, Hess Corporation (HES) has net assets worth $12.38 Billion USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($27.14 Billion) and total liabilities ($14.75 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $12.38 Billion |
| % of Total Assets | 45.64% |
| Annual Growth Rate | 4.37% |
| 5-Year Change | 89.47% |
| 10-Year Change | -41.16% |
| Growth Volatility | 16.7 |
Hess Corporation - Net Assets Trend (1985–2024)
This chart illustrates how Hess Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hess Corporation (1985–2024)
The table below shows the annual net assets of Hess Corporation from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $12.00 Billion | +25.01% |
| 2023-12-31 | $9.60 Billion | +13.02% |
| 2022-12-31 | $8.50 Billion | +20.92% |
| 2021-12-31 | $7.03 Billion | +10.91% |
| 2020-12-31 | $6.33 Billion | -34.73% |
| 2019-12-31 | $9.71 Billion | -10.86% |
| 2018-12-31 | $10.89 Billion | -11.87% |
| 2017-12-31 | $12.35 Billion | -20.76% |
| 2016-12-31 | $15.59 Billion | -23.58% |
| 2015-12-31 | $20.40 Billion | -8.60% |
| 2014-12-31 | $22.32 Billion | -9.94% |
| 2013-12-31 | $24.78 Billion | +15.84% |
| 2012-12-31 | $21.39 Billion | +15.26% |
| 2011-12-31 | $18.56 Billion | +10.43% |
| 2010-12-31 | $16.81 Billion | +24.25% |
| 2009-12-31 | $13.53 Billion | +9.92% |
| 2008-12-31 | $12.31 Billion | +25.92% |
| 2007-12-31 | $9.77 Billion | +20.50% |
| 2006-12-31 | $8.11 Billion | +29.03% |
| 2005-12-31 | $6.29 Billion | +12.31% |
| 2004-12-31 | $5.60 Billion | +4.81% |
| 2003-12-31 | $5.34 Billion | +25.68% |
| 2002-12-31 | $4.25 Billion | -13.41% |
| 2001-12-31 | $4.91 Billion | +26.37% |
| 2000-12-31 | $3.88 Billion | +27.81% |
| 1999-12-31 | $3.04 Billion | +14.94% |
| 1998-12-31 | $2.64 Billion | -17.80% |
| 1997-12-31 | $3.22 Billion | -4.96% |
| 1996-12-31 | $3.38 Billion | +27.18% |
| 1995-12-31 | $2.66 Billion | -14.17% |
| 1994-12-31 | $3.10 Billion | +2.33% |
| 1993-12-31 | $3.03 Billion | -10.59% |
| 1992-12-31 | $3.39 Billion | +8.16% |
| 1991-12-31 | $3.13 Billion | +0.84% |
| 1990-12-31 | $3.11 Billion | +21.30% |
| 1989-12-31 | $2.56 Billion | +15.59% |
| 1988-12-31 | $2.22 Billion | +2.63% |
| 1987-12-31 | $2.16 Billion | +5.28% |
| 1986-12-31 | $2.05 Billion | -9.30% |
| 1985-12-31 | $2.26 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hess Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 113.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $4.50 Billion | 40.12% |
| Common Stock | $308.00 Million | 2.75% |
| Other Comprehensive Income | $-208.00 Million | -1.85% |
| Other Components | $6.62 Billion | 58.99% |
| Total Equity | $11.22 Billion | 100.00% |
Hess Corporation Competitors by Market Cap
The table below lists competitors of Hess Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nasdaq Inc
NASDAQ:NDAQ
|
$43.43 Billion |
|
DELL TECHS INC. C DL-01
XETRA:12DA
|
$43.57 Billion |
|
Mercedes-Benz Group AG
PINK:MBGAF
|
$43.59 Billion |
|
Ferguson Plc
NYSE:FERG
|
$43.62 Billion |
|
MicroStrategy Incorporated
NASDAQ:MSTR
|
$43.17 Billion |
|
ASE TECHN.HLDG.CO.LTD.
F:2DQ
|
$43.10 Billion |
|
Eoptolink Technology Inc Ltd
SHE:300502
|
$43.06 Billion |
|
argenx SE
OTCGREY:ARGNF
|
$42.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hess Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,986,000,000 to 11,216,000,000, a change of 2,230,000,000 (24.8%).
- Net income of 2,769,000,000 contributed positively to equity growth.
- Dividend payments of 579,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 74,000,000.
- Other factors increased equity by 114,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.77 Billion | +24.69% |
| Dividends Paid | $579.00 Million | -5.16% |
| Other Comprehensive Income | $-74.00 Million | -0.66% |
| Other Changes | $114.00 Million | +1.02% |
| Total Change | $- | 24.82% |
Book Value vs Market Value Analysis
This analysis compares Hess Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.09x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 16.81x to 4.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $8.86 | $148.97 | x |
| 1986-12-31 | $8.05 | $148.97 | x |
| 1987-12-31 | $8.57 | $148.97 | x |
| 1988-12-31 | $8.97 | $148.97 | x |
| 1989-12-31 | $10.51 | $148.97 | x |
| 1990-12-31 | $12.77 | $148.97 | x |
| 1991-12-31 | $12.87 | $148.97 | x |
| 1992-12-31 | $13.54 | $148.97 | x |
| 1993-12-31 | $10.94 | $148.97 | x |
| 1994-12-31 | $11.08 | $148.97 | x |
| 1995-12-31 | $9.52 | $148.97 | x |
| 1996-12-31 | $12.10 | $148.97 | x |
| 1997-12-31 | $11.42 | $148.97 | x |
| 1998-12-31 | $9.82 | $148.97 | x |
| 1999-12-31 | $11.22 | $148.97 | x |
| 2000-12-31 | $14.40 | $148.97 | x |
| 2001-12-31 | $18.35 | $148.97 | x |
| 2002-12-31 | $16.06 | $148.97 | x |
| 2003-12-31 | $19.70 | $148.97 | x |
| 2004-12-31 | $18.27 | $148.97 | x |
| 2005-12-31 | $20.14 | $148.97 | x |
| 2006-12-31 | $25.69 | $148.97 | x |
| 2007-12-31 | $30.61 | $148.97 | x |
| 2008-12-31 | $37.77 | $148.97 | x |
| 2009-12-31 | $41.50 | $148.97 | x |
| 2010-12-31 | $51.20 | $148.97 | x |
| 2011-12-31 | $54.61 | $148.97 | x |
| 2012-12-31 | $62.87 | $148.97 | x |
| 2013-12-31 | $72.70 | $148.97 | x |
| 2014-12-31 | $72.54 | $148.97 | x |
| 2015-12-31 | $68.36 | $148.97 | x |
| 2016-12-31 | $46.90 | $148.97 | x |
| 2017-12-31 | $35.18 | $148.97 | x |
| 2018-12-31 | $32.29 | $148.97 | x |
| 2019-12-31 | $28.99 | $148.97 | x |
| 2020-12-31 | $17.60 | $148.97 | x |
| 2021-12-31 | $20.37 | $148.97 | x |
| 2022-12-31 | $25.37 | $148.97 | x |
| 2023-12-31 | $29.21 | $148.97 | x |
| 2024-12-31 | $36.38 | $148.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hess Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 24.69%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.47%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.37x
- Recent ROE (24.69%) is above the historical average (4.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -11.52% | -3.40% | 1.23x | 2.75x | $-486.43 Million |
| 1986 | -10.70% | -5.46% | 0.82x | 2.40x | $-424.42 Million |
| 1987 | 10.65% | 4.88% | 0.89x | 2.46x | $14.05 Million |
| 1988 | 5.61% | 2.95% | 0.78x | 2.43x | $-97.32 Million |
| 1989 | 18.60% | 8.52% | 0.81x | 2.68x | $220.24 Million |
| 1990 | 15.54% | 6.95% | 0.77x | 2.92x | $172.10 Million |
| 1991 | 2.69% | 1.35% | 0.71x | 2.82x | $-228.90 Million |
| 1992 | 0.22% | 0.13% | 0.67x | 2.57x | $-331.26 Million |
| 1993 | -8.85% | -4.58% | 0.68x | 2.85x | $-571.10 Million |
| 1994 | 2.38% | 1.12% | 0.79x | 2.69x | $-236.26 Million |
| 1995 | -14.82% | -5.40% | 0.94x | 2.92x | $-660.44 Million |
| 1996 | 19.51% | 7.98% | 1.06x | 2.30x | $321.74 Million |
| 1997 | 0.23% | 0.09% | 1.04x | 2.47x | $-314.07 Million |
| 1998 | -17.36% | -6.96% | 0.84x | 2.98x | $-723.24 Million |
| 1999 | 14.40% | 6.22% | 0.91x | 2.54x | $133.78 Million |
| 2000 | 26.35% | 8.53% | 1.17x | 2.65x | $634.70 Million |
| 2001 | 18.63% | 6.81% | 0.87x | 3.13x | $423.30 Million |
| 2002 | -5.13% | -1.83% | 0.90x | 3.12x | $-642.90 Million |
| 2003 | 12.04% | 4.49% | 1.02x | 2.62x | $109.00 Million |
| 2004 | 17.46% | 5.84% | 1.03x | 2.91x | $417.30 Million |
| 2005 | 19.76% | 5.46% | 1.19x | 3.04x | $613.40 Million |
| 2006 | 23.62% | 6.83% | 1.25x | 2.76x | $1.10 Billion |
| 2007 | 18.74% | 5.79% | 1.21x | 2.67x | $854.60 Million |
| 2008 | 19.18% | 5.73% | 1.44x | 2.32x | $1.13 Billion |
| 2009 | 5.47% | 2.50% | 1.01x | 2.17x | $-612.80 Million |
| 2010 | 12.64% | 6.05% | 1.00x | 2.10x | $444.10 Million |
| 2011 | 9.17% | 4.37% | 1.00x | 2.10x | $-153.20 Million |
| 2012 | 10.36% | 5.88% | 0.86x | 2.04x | $77.50 Million |
| 2013 | 20.38% | 22.67% | 0.52x | 1.73x | $2.57 Billion |
| 2014 | 10.38% | 21.58% | 0.28x | 1.73x | $85.00 Million |
| 2015 | -15.76% | -46.05% | 0.19x | 1.76x | $-4.99 Billion |
| 2016 | -42.19% | -128.77% | 0.17x | 1.97x | $-7.59 Billion |
| 2017 | -36.87% | -74.53% | 0.24x | 2.09x | $-5.18 Billion |
| 2018 | -2.93% | -4.46% | 0.30x | 2.23x | $-1.24 Billion |
| 2019 | -2.75% | -3.70% | 0.30x | 2.49x | $-1.11 Billion |
| 2020 | -57.64% | -66.27% | 0.25x | 3.51x | $-3.63 Billion |
| 2021 | 8.87% | 7.48% | 0.36x | 3.26x | $-71.00 Million |
| 2022 | 26.68% | 18.51% | 0.52x | 2.76x | $1.31 Billion |
| 2023 | 15.38% | 13.15% | 0.44x | 2.67x | $483.40 Million |
| 2024 | 24.69% | 21.47% | 0.49x | 2.37x | $1.65 Billion |
Industry Comparison
This section compares Hess Corporation's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,645,633,110
- Average return on equity (ROE) among peers: 4.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hess Corporation (HES) | $12.38 Billion | -11.52% | 1.19x | $43.42 Billion |
| Advantage Energy Ltd. (AAVVF) | $1.09 Billion | 1.43% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $9.63 Million | -5.93% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $2.79 Billion | -19.61% | 0.78x | $10.30 Billion |
| Aminex PLC (AEXFF) | $20.47 Million | 6.02% | 0.33x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.43 Billion | 12.90% | 2.02x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $13.10 Million | -11.45% | 0.01x | $4.92K |
| Allied Resources Inc (ALOD) | $3.69 Million | 0.65% | 0.05x | $428.76K |
| Altex Industries Inc (ALTX) | $3.22 Million | -10.59% | 0.04x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $88.21 Million | 32.34% | 0.25x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $5.59 Million | 38.29% | 0.11x | $5.00 Million |