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.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

Hess Corp., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Net fixed asset turnover 0.74 0.52 0.33 0.38 0.39
Net fixed asset turnover (including operating lease, right-of-use asset) 0.72 0.51 0.32 0.37 0.39
Total asset turnover 0.52 0.36 0.25 0.30 0.30
Equity turnover 1.44 1.19 0.87 0.74 0.66

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Hess Corp. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Hess Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Hess Corp. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Hess Corp. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover

Hess Corp., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Sales and other operating revenues 11,324 7,473 4,667 6,495 6,323
Property, plant and equipment, net, including finance lease right-of-use assets 15,224 14,326 14,283 17,113 16,083
Long-term Activity Ratio
Net fixed asset turnover1 0.74 0.52 0.33 0.38 0.39
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.64 1.06 0.60 0.93
ConocoPhillips 1.21 0.71 0.47 0.77
Exxon Mobil Corp. 1.95 1.28 0.78 1.01
Marathon Petroleum Corp. 4.98 3.20 1.79 2.72
Occidental Petroleum Corp. 0.63 0.43 0.27 0.25
Pioneer Natural Resources Co. 0.78 0.60 0.44 0.60
Valero Energy Corp. 5.69 3.69 2.14 3.70
Net Fixed Asset Turnover, Sector
Oil, Gas & Consumable Fuels 1.98 1.29 0.78 1.12
Net Fixed Asset Turnover, Industry
Energy 2.01 1.31 0.82 1.15

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).

1 2022 Calculation
Net fixed asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net, including finance lease right-of-use assets
= 11,324 ÷ 15,224 = 0.74

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Hess Corp. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Hess Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Sales and other operating revenues 11,324 7,473 4,667 6,495 6,323
 
Property, plant and equipment, net, including finance lease right-of-use assets 15,224 14,326 14,283 17,113 16,083
Operating lease right-of-use assets, net 570 352 426 447
Property, plant and equipment, net, including finance lease right-of-use assets (including operating lease, right-of-use asset) 15,794 14,678 14,709 17,560 16,083
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 0.72 0.51 0.32 0.37 0.39
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Chevron Corp. 1.59 1.03 0.59 0.90
ConocoPhillips 1.20 0.70 0.46 0.75
Exxon Mobil Corp. 1.89 1.24 0.76 0.98
Marathon Petroleum Corp. 4.81 3.09 1.72 2.58
Occidental Petroleum Corp. 0.62 0.43 0.27 0.25
Pioneer Natural Resources Co. 0.77 0.59 0.43 0.59
Valero Energy Corp. 5.50 3.55 2.05 3.54
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Oil, Gas & Consumable Fuels 1.93 1.26 0.76 1.09
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Energy 1.95 1.28 0.79 1.12

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).

1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales and other operating revenues ÷ Property, plant and equipment, net, including finance lease right-of-use assets (including operating lease, right-of-use asset)
= 11,324 ÷ 15,794 = 0.72

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Hess Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022.

Total Asset Turnover

Hess Corp., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Sales and other operating revenues 11,324 7,473 4,667 6,495 6,323
Total assets 21,695 20,515 18,821 21,782 21,433
Long-term Activity Ratio
Total asset turnover1 0.52 0.36 0.25 0.30 0.30
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.91 0.65 0.39 0.59
ConocoPhillips 0.84 0.51 0.30 0.46
Exxon Mobil Corp. 1.08 0.82 0.54 0.70
Marathon Petroleum Corp. 1.97 1.41 0.82 1.26
Occidental Petroleum Corp. 0.50 0.35 0.22 0.19
Pioneer Natural Resources Co. 0.68 0.49 0.37 0.51
Valero Energy Corp. 2.89 1.97 1.25 2.01
Total Asset Turnover, Sector
Oil, Gas & Consumable Fuels 1.15 0.82 0.52 0.73
Total Asset Turnover, Industry
Energy 1.13 0.81 0.52 0.72

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).

1 2022 Calculation
Total asset turnover = Sales and other operating revenues ÷ Total assets
= 11,324 ÷ 21,695 = 0.52

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Hess Corp. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Equity Turnover

Hess Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in millions)
Sales and other operating revenues 11,324 7,473 4,667 6,495 6,323
Total Hess Corporation stockholders’ equity 7,855 6,300 5,366 8,732 9,629
Long-term Activity Ratio
Equity turnover1 1.44 1.19 0.87 0.74 0.66
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.48 1.12 0.72 0.97
ConocoPhillips 1.64 1.01 0.63 0.93
Exxon Mobil Corp. 2.04 1.64 1.14 1.33
Marathon Petroleum Corp. 6.40 4.58 3.14 3.68
Occidental Petroleum Corp. 1.22 1.28 0.96 0.60
Pioneer Natural Resources Co. 1.08 0.78 0.61 0.80
Valero Energy Corp. 7.49 6.18 3.45 4.97
Equity Turnover, Sector
Oil, Gas & Consumable Fuels 2.23 1.71 1.16 1.46
Equity Turnover, Industry
Energy 2.21 1.71 1.18 1.46

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).

1 2022 Calculation
Equity turnover = Sales and other operating revenues ÷ Total Hess Corporation stockholders’ equity
= 11,324 ÷ 7,855 = 1.44

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. Hess Corp. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022.