Analysis of Revenues
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
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Revenues as Reported
Hess Corp., income statement, revenues
US$ in millions
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).
- Crude Oil Revenue
- The crude oil revenue experienced a decline from 2019 to 2020, dropping from 3,660 million USD to 2,363 million USD. This was followed by a substantial recovery in 2021, reaching 4,325 million USD, and a significant further increase in 2022 to 6,821 million USD. Overall, the trend from 2018 to 2022 is an upward trajectory with a notable dip in 2020.
- Natural Gas Liquids Revenue
- Revenue from natural gas liquids showed variability with a slight decline from 308 million USD in 2018 to 229 million USD in 2019, followed by an increase in 2020 and a steady upward trend through 2021 and 2022, peaking at 703 million USD. The growth in the latter years indicates a strengthening segment.
- Natural Gas Revenue
- Natural gas revenue remained relatively stable from 2018 through 2019, modestly declining in 2020 to 631 million USD. However, it increased appreciably in 2021 to 1,015 million USD and continued rising to 1,198 million USD in 2022, indicating recovering and growing demand or pricing in this category.
- Sales of Net Production Volumes
- This category saw a decline in 2020 to 3,247 million USD, down from over 4,690 million USD in 2018 and 4,718 million USD in 2019. There was a strong rebound in 2021, reaching 5,934 million USD, and a further significant increase in 2022, attaining 8,722 million USD, highlighting recovery and expansion in sales volume or pricing.
- Sales of Purchased Oil and Gas
- Sales of purchased oil and gas declined sharply in 2020 to 847 million USD from levels around 1,700 million USD in preceding years. Subsequent years saw strong recovery, rising to 1,749 million USD in 2021 and doubling to 3,143 million USD in 2022. This suggests improved purchasing or trading activities alongside stronger market conditions.
- Total Sales
- Total sales mirrored the trends in other revenue segments, remaining nearly flat between 2018 and 2019, then falling sharply in 2020 to 4,094 million USD. A robust recovery occurred in 2021 reaching 7,683 million USD and continued growth to 11,865 million USD in 2022. The pattern indicates a rebound from the 2020 downturn and strong sales growth thereafter.
- Other Operating Revenues
- Other operating revenues displayed considerable volatility with negative 135 million USD in 2018, a rise to positive 39 million USD in 2019, and a substantial increase to 573 million USD in 2020. These revenues again declined into negative territory in 2021 (-210 million USD) and further decreased to negative 541 million USD in 2022. This fluctuating pattern suggests irregular contributions or possibly one-time adjustments affecting this line item.
- Sales and Other Operating Revenues
- The combined sales and other operating revenues follow a trend similar to total sales but slightly lower in totals due to the negative impacts from other operating revenues. The figures show a dip in 2020 to 4,667 million USD from around 6,495 million USD in 2019, followed by a recovery in 2021 to 7,473 million USD and growth to 11,324 million USD in 2022, highlighting recovery and overall positive momentum in the company's revenue streams despite fluctuations in other operating revenues.