Stock Analysis on Net
Stock Analysis on Net

Hess Corp. (NYSE:HES)

This company has been moved to the archive! The financial data has not been updated since November 2, 2023.

Common-Size Income Statement 

Hess Corp., common-size consolidated income statement

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12 months ended: Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Sales and other operating revenues 100.00 100.00 100.00 100.00 100.00
Gains on asset sales, net 0.89 0.39 1.86 0.34 0.51
Other, net 1.28 1.08 1.07 -0.11 1.76
Revenues and non-operating income 102.17% 101.47% 102.94% 100.23% 102.26%
Marketing, including purchased oil and gas -29.39 -27.22 -20.06 -26.73 -28.01
Operating costs and expenses -12.82 -16.45 -26.10 -19.05 -17.93
Production and severance taxes -2.25 -2.30 -2.66 -2.83 -2.70
Exploration expenses, including dry holes and lease impairment -1.84 -2.17 -7.52 -3.59 -5.73
General and administrative expenses -4.69 -4.55 -7.65 -6.11 -7.48
Depreciation, depletion and amortization -15.04 -20.45 -44.44 -32.67 -29.78
Impairment and other -0.48 -1.97 -45.55 0.00 0.00
Income (loss) before interest and income taxes 35.67% 26.37% -51.04% 9.25% 10.63%
Interest expense -4.35 -6.44 -10.03 -5.85 -6.31
Loss on debt extinguishment 0.00 0.00 0.00 0.00 -0.84
Income (loss) before income taxes 31.31% 19.94% -61.07% 3.40% 3.48%
(Provision) benefit for income taxes -9.71 -8.03 0.24 -7.10 -5.30
Net income (loss) 21.61% 11.91% -60.83% -3.70% -1.82%
Net income attributable to noncontrolling interests -3.10 -4.43 -5.44 -2.59 -2.64
Net income (loss) attributable to Hess Corporation 18.51% 7.48% -66.27% -6.28% -4.46%
Preferred stock dividends 0.00 0.00 0.00 -0.06 -0.73
Net income (loss) attributable to Hess Corporation common stockholders 18.51% 7.48% -66.27% -6.34% -5.19%

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).

Income statement item Description The company
Income (loss) before interest and income taxes The net result for the period of deducting operating expenses from operating revenues. Hess Corp. income (loss) before interest and income taxes as a percentage of sales and other operating revenues increased from 2020 to 2021 and from 2021 to 2022.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Hess Corp. income (loss) before income taxes as a percentage of sales and other operating revenues increased from 2020 to 2021 and from 2021 to 2022.
Net income (loss) attributable to Hess Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Hess Corp. net income (loss) attributable to Hess Corporation as a percentage of sales and other operating revenues increased from 2020 to 2021 and from 2021 to 2022.