Analysis of Inventory
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Inventory Disclosure
Hess Corp., balance sheet: inventory
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Crude oil and natural gas liquids | |||||||||||
| Materials and supplies | |||||||||||
| Inventories |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The financial data over the five-year period reveals several notable trends in the company's inventory components denominated in US$ millions.
- Crude oil and natural gas liquids
- This category exhibits significant volatility. Starting at 74 million in 2018, the value increased moderately to 92 million in 2019, then surged sharply to 226 million in 2020. Following this peak, the value dropped to 52 million in 2021 and slightly recovered to 63 million in 2022. This pattern suggests considerable fluctuations potentially driven by changes in market prices, production levels, or inventory management strategies.
- Materials and supplies
- The values in this category show relative stability across the five years, fluctuating modestly between 152 million and 171 million. Beginning at 171 million in 2018, it slightly decreased to 169 million in 2019, dropped to 152 million in 2020, returned to 171 million in 2021, and declined to 154 million in 2022. The limited variation indicates consistent management of materials and supplies inventories without drastic changes.
- Inventories (total)
- Total inventories reveal a mixed pattern. Starting at 245 million in 2018, inventories increased to 261 million in 2019, and rose sharply to 378 million in 2020, which appears to be an outlier year with a substantial build-up in inventories. However, this was followed by a notable decrease to 223 million in 2021 and a slight reduction to 217 million in 2022. This trend may reflect adjustments in inventory levels responding to external factors such as demand changes or supply chain conditions.
Overall, the data indicate that the most pronounced fluctuations occurred in crude oil and natural gas liquids as well as in total inventories, particularly around 2020. Materials and supplies remained comparatively stable throughout the period. Such variability in inventories could be reflective of operational or market-driven influences affecting inventory valuation and stock levels.