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HESS CORP (HES)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Exploration and Production  11,865.07,683.04,667.06,495.06,458.05,460.04,755.0 
    Other    137.0   84.0 
Total revenues  11,570.07,583.04,804.06,456.06,458.05,391.04,839.06,561.0
            Revenue growth   [+]52.6%57.8%-25.6%0.0%19.8%11.4%-26.2%-42.6%
Cost of goods sold   [+]1,707.01,401.01,342.01,421.01,305.01,562.01,977.02,175.0
Gross profit  9,863.06,182.03,462.05,035.05,153.03,829.02,862.04,386.0
            Gross margin  85.2%81.5%72.1%78.0%79.8%71.0%59.1%66.8%
Selling, general and administrative   [+]531.0340.0357.0397.0473.0422.0414.0557.0
Equity in earnings          
Other operating expenses   [+]3,735.02,424.03,463.01,908.02,342.01,785.02,855.02,049.0
EBITDA   [+]5,597.03,418.0-358.02,730.02,338.01,622.0-407.01,780.0
            EBITDA margin  48.4%45.1%-7.5%42.3%36.2%30.1%-8.4%27.1%
Depreciation and amortization  1,703.01,528.02,074.02,122.01,883.02,883.03,244.03,955.0
EBIT   [+]3,894.01,890.0-2,432.0608.0455.0-1,261.0-3,651.0-2,175.0
            EBIT margin  33.7%24.9%-50.6%9.4%7.0%-23.4%-75.4%-33.2%
Non-recurring items   [+]     4,203.067.01,616.0
Interest expense  493.0481.0468.0380.0399.0325.0338.0341.0
Other income (expense), net   [+]145.081.050.0-7.0164.011.0202.0-126.0
Pre-tax income  3,546.01,490.0-2,850.0221.0220.0-5,778.0-3,854.0-4,258.0
Income taxes  1,099.0600.0-11.0461.0335.0-1,837.02,222.0-1,299.0
            Tax rate  31.0%40.3%0.4%208.6%152.3%31.8% 30.5%
Minority interest  351.0331.0254.0168.0167.0133.056.049.0
Earnings from continuing ops  2,096.0559.0-3,093.0-412.0-328.0-4,120.0-6,173.0-3,008.0
Earnings from discontinued ops         -48.0
Net income  2,096.0559.0-3,093.0-412.0-328.0-4,120.0-6,173.0-3,056.0
            Net margin  18.1%7.4%-64.4%-6.4%-5.1%-76.4%-127.6%-46.6%
   
Basic EPS   [+]$6.80$1.82($10.15)($1.37)($1.10)($13.12)($19.92)($10.61)
Diluted EPS   [+]$6.77$1.81($10.15)($1.37)($1.10)($13.12)($19.92)($10.61)
   
Dividends per share   [+]$1.50$1.00$1.00$1.00$1.00$1.00$1.00$1.00
   
Shares outstanding (basic)   [+]308.1307.4304.8301.2298.2314.1309.9283.6
Shares outstanding (diluted)   [+]309.6309.3304.8301.2298.2314.1309.9283.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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