Net Profit Margin
since 2005
Calculation
Hess Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to Hess Corporation1 | ÷ | Sales and other operating revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 18.51% | = | 100 | × | 2,096) | ÷ | 11,324) |
| Dec 31, 2021 | 7.48% | = | 100 | × | 559) | ÷ | 7,473) |
| Dec 31, 2020 | -66.27% | = | 100 | × | (3,093) | ÷ | 4,667) |
| Dec 31, 2019 | -6.28% | = | 100 | × | (408) | ÷ | 6,495) |
| Dec 31, 2018 | -4.46% | = | 100 | × | (282) | ÷ | 6,323) |
| Dec 31, 2017 | -74.53% | = | 100 | × | (4,074) | ÷ | 5,466) |
| Dec 31, 2016 | -128.77% | = | 100 | × | (6,132) | ÷ | 4,762) |
| Dec 31, 2015 | -46.05% | = | 100 | × | (3,056) | ÷ | 6,636) |
| Dec 31, 2014 | 21.58% | = | 100 | × | 2,317) | ÷ | 10,737) |
| Dec 31, 2013 | 22.67% | = | 100 | × | 5,052) | ÷ | 22,284) |
| Dec 31, 2012 | 5.37% | = | 100 | × | 2,025) | ÷ | 37,691) |
| Dec 31, 2011 | 4.43% | = | 100 | × | 1,703) | ÷ | 38,466) |
| Dec 31, 2010 | 6.28% | = | 100 | × | 2,125) | ÷ | 33,862) |
| Dec 31, 2009 | 2.50% | = | 100 | × | 740) | ÷ | 29,614) |
| Dec 31, 2008 | 5.73% | = | 100 | × | 2,360) | ÷ | 41,165) |
| Dec 31, 2007 | 5.79% | = | 100 | × | 1,832) | ÷ | 31,647) |
| Dec 31, 2006 | 6.83% | = | 100 | × | 1,916) | ÷ | 28,067) |
| Dec 31, 2005 | 5.46% | = | 100 | × | 1,242) | ÷ | 22,747) |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The net profit margin for Hess Corporation from 2005 to 2022 demonstrates extreme volatility, characterized by three distinct financial phases: a period of relative stability, a phase of severe contraction and losses, and a recent trend of recovery.
- Phase of Relative Stability (2005–2012)
- During this period, net profit margins remained consistently positive but low, generally fluctuating between 2.50% and 6.83%. Despite significant fluctuations in sales and operating revenues, which peaked at 41,165 million US dollars in 2008, the company maintained a steady, single-digit profitability ratio.
- Profitability Anomaly and Peak (2013–2014)
- A sharp increase in net profit margins is observed in 2013 and 2014, reaching 22.67% and 21.58% respectively. This surge occurred despite a substantial decline in sales and operating revenues, which dropped from 37,691 million US dollars in 2012 to 10,737 million US dollars by 2014. The divergence between falling revenue and rising margins indicates a significant increase in net income relative to the scale of operations during these two years.
- Period of Significant Losses (2015–2020)
- A severe downturn began in 2015, with net profit margins turning sharply negative. The most acute loss occurred in 2016, where the margin reached -128.77%, corresponding to a net loss of 6,132 million US dollars. While there was a brief period of relative stabilization between 2018 and 2019, with margins of -4.46% and -6.28%, another sharp decline occurred in 2020, resulting in a margin of -66.27%.
- Recovery and Margin Expansion (2021–2022)
- A strong recovery trend is evident in the final two years of the analyzed period. The net profit margin returned to positive territory in 2021 at 7.48% and expanded rapidly to 18.51% by December 31, 2022. This recovery is supported by a simultaneous increase in sales and operating revenues, which rose to 11,324 million US dollars in 2022.
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Comparison to Competitors
Hess Corp., net profit margin, long-term trends, comparison to competitors
| Hess Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2022 | 18.51% | 15.05% | 23.80% | 13.98% |
| Dec 31, 2021 | 7.48% | 10.04% | 17.63% | 8.33% |
| Dec 31, 2020 | -66.27% | -5.87% | -14.38% | -12.57% |
| Dec 31, 2019 | -6.28% | 2.09% | 22.07% | 5.61% |
| Dec 31, 2018 | -4.46% | 9.33% | 17.18% | 7.46% |
| Dec 31, 2017 | -74.53% | 6.83% | -2.94% | 8.31% |
| Dec 31, 2016 | -128.77% | -0.45% | -15.26% | 3.59% |
| Dec 31, 2015 | -46.05% | 3.53% | -14.98% | 6.22% |
| Dec 31, 2014 | 21.58% | 9.60% | 13.08% | 8.25% |
| Dec 31, 2013 | 22.67% | 9.73% | 16.83% | 7.74% |
| Dec 31, 2012 | 5.37% | 11.35% | 14.54% | 9.90% |
| Dec 31, 2011 | 4.43% | 11.01% | 5.08% | 8.79% |
| Dec 31, 2010 | 6.28% | 9.60% | 6.00% | 8.23% |
| Dec 31, 2009 | 2.50% | 6.26% | 3.25% | 6.39% |
| Dec 31, 2008 | 5.73% | 9.03% | -7.06% | 9.84% |
| Dec 31, 2007 | 5.79% | 8.73% | 6.34% | 10.40% |
| Dec 31, 2006 | 6.83% | 8.36% | 8.47% | 10.81% |
| Dec 31, 2005 | 5.46% | 7.28% | 7.54% | 10.07% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Hess Corp., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Hess Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2022 | 18.51% | 15.41% |
| Dec 31, 2021 | 7.48% | 9.78% |
| Dec 31, 2020 | -66.27% | -10.51% |
| Dec 31, 2019 | -6.28% | 5.71% |
| Dec 31, 2018 | -4.46% | 8.83% |
| Dec 31, 2017 | -74.53% | 7.00% |
| Dec 31, 2016 | -128.77% | 1.06% |
| Dec 31, 2015 | -46.05% | 3.89% |
| Dec 31, 2014 | 21.58% | 9.06% |
| Dec 31, 2013 | 22.67% | 9.08% |
| Dec 31, 2012 | 5.37% | 10.72% |
| Dec 31, 2011 | 4.43% | 8.41% |
| Dec 31, 2010 | 6.28% | 8.03% |
| Dec 31, 2009 | 2.50% | 5.60% |
| Dec 31, 2008 | 5.73% | 5.40% |
| Dec 31, 2007 | 5.79% | 8.99% |
| Dec 31, 2006 | 6.83% | 9.57% |
| Dec 31, 2005 | 5.46% | 8.71% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Hess Corp., net profit margin, long-term trends, comparison to industry (energy)
| Hess Corp. | Energy | |
|---|---|---|
| Dec 31, 2022 | 18.51% | 15.29% |
| Dec 31, 2021 | 7.48% | 9.70% |
| Dec 31, 2020 | -66.27% | -13.06% |
| Dec 31, 2019 | -6.28% | 3.11% |
| Dec 31, 2018 | -4.46% | 8.68% |
| Dec 31, 2017 | -74.53% | 6.15% |
| Dec 31, 2016 | -128.77% | 0.54% |
| Dec 31, 2015 | -46.05% | 4.04% |
| Dec 31, 2014 | 21.58% | 9.21% |
| Dec 31, 2013 | 22.67% | 9.44% |
| Dec 31, 2012 | 5.37% | 10.84% |
| Dec 31, 2011 | 4.43% | 8.58% |
| Dec 31, 2010 | 6.28% | 8.29% |
| Dec 31, 2009 | 2.50% | 5.89% |
| Dec 31, 2008 | 5.73% | 5.80% |
| Dec 31, 2007 | 5.79% | 9.37% |
| Dec 31, 2006 | 6.83% | 9.82% |
| Dec 31, 2005 | 5.46% | 8.84% |
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), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).