Hess (HES) Stock Price

Hess Price

Delisted·Jul 18, 2025
160.02USD
Last traded price

Revenue at Hess has contracted by 2.9% per year over the past 19 years to 12.90 B USD. Earnings per share have grown at 3.7% per year over the last 19 years. Hess's net margin stands at 21.5%, up from -66.3% several years earlier. Hess currently offers a dividend yield of about 1.17%. The payout ratio is around 21% of earnings. The dividend has grown at 2.4% per year over the past 19 years. Analysts set a median price target of 164.22 USD, implying 2.6% above the current price. Of 20 analysts, 10 rate the stock a buy — an overall Buy consensus.

Hess stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Hess over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Hess stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Hess's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Hess Stock Price History
DateHess Price
Access this data via the Eulerpool API

Hess Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
6.50 B USD
579.00 M USD
-240.00 M USD
Jan 1, 2020
4.67 B USD
-343.00 M USD
-3.09 B USD
Jan 1, 2021
7.47 B USD
2.01 B USD
559.00 M USD
Jan 1, 2022
11.32 B USD
5.57 B USD
2.10 B USD
Jan 1, 2023
10.51 B USD
2.90 B USD
1.38 B USD
Jan 1, 2024
12.90 B USD
4.78 B USD
2.77 B USD
Jan 1, 2025 (e)
11.52 B USD
3.18 B USD
1.89 B USD
Jan 1, 2026 (e)
13.15 B USD
4.38 B USD
2.49 B USD

Hess Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 25, 2026, 3:38 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201120122013201420152016201720182019202020212022202320242025e2026e
38.9437.6922.2810.746.644.765.476.336.504.677.4711.3210.5112.9011.5213.15
10.84-3.22-40.88-51.82-38.20-28.2414.7815.732.67-28.1460.1251.53-7.1822.69-10.6714.11
25.2118.7725.3932.46-11.87-32.05-4.5449.6045.4552.9060.8169.8978.4878.9078.9078.90
9.827.075.663.49-0.79-1.53-0.253.142.952.474.547.918.2510.189.0910.37
3.803.653.051.73-2.23-3.52-5.450.530.58-0.342.015.572.904.783.184.38
9.759.6913.6916.15-33.54-73.96-99.768.368.91-7.3526.8749.1927.5637.0327.5733.35
1.702.225.052.32-3.06-6.13-4.07-0.28-0.24-3.090.562.101.382.771.892.49
-19.8630.18127.88-54.14-231.89100.65-33.56-93.08-14.891,188.75-118.07274.96-34.06100.36-31.8932.24
0.400.400.801.001.001.501.001.001.001.001.001.501.751.882.002.27
100.0025.0050.00-33.3350.0016.677.436.3813.50
340.30341.53334.30289.00286.05316.52315.05291.50304.96306.98310.00308.10307.90308.50308.50308.50
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Hess generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Hess retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Hess's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Hess has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Hess's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Hess stock margins

The Hess margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Hess. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Hess.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2019
45.45 %
8.91 %
-3.70 %
Jan 1, 2020
52.90 %
-7.35 %
-66.27 %
Jan 1, 2021
60.81 %
26.87 %
7.48 %
Jan 1, 2022
69.89 %
49.19 %
18.51 %
Jan 1, 2023
78.48 %
27.56 %
13.15 %
Jan 1, 2024
78.90 %
37.03 %
21.47 %
Jan 1, 2025 (e)
78.90 %
27.57 %
16.37 %
Jan 1, 2026 (e)
78.90 %
33.35 %
18.98 %

Hess Stock Revenue, EBIT, Earnings per Share

The Hess earnings per share therefore indicates how much revenue Hess has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2019
21.30 USD
1.90 USD
-0.79 USD
Jan 1, 2020
15.20 USD
-1.12 USD
-10.08 USD
Jan 1, 2021
24.11 USD
6.48 USD
1.80 USD
Jan 1, 2022
36.75 USD
18.08 USD
6.80 USD
Jan 1, 2023
34.14 USD
9.41 USD
4.49 USD
Jan 1, 2024
41.80 USD
15.48 USD
8.98 USD
Jan 1, 2025 (e)
37.37 USD
10.29 USD
6.12 USD
Jan 1, 2026 (e)
42.64 USD
14.21 USD
8.09 USD

Hess business model & stock analysis

The Hess Corporation is an international oil and gas company headquartered in New York City. It was founded in 1919 by Leon Hess and started as a small gas station business in New Jersey. Today, Hess Corp is one of the largest independent oil companies in the United States. Its business model focuses on the exploration, production, and marketing of oil and gas worldwide. The company is divided into two main areas - exploration and production on one hand, and marketing, refineries, and sales on the other. Hess Corp is active in North America, Europe, Africa, and Asia, operating both onshore and offshore oil and gas fields. The products are then sold through trading and marketing partners in various countries. The company's history began in the 1930s when Leon Hess opened his first gas station in Asbury Park, New Jersey. Over the following decades, the company grew rapidly and expanded its business. In the 1960s and 1970s, the firm invested in production fields and refineries to become more independent from other suppliers. In the 1990s, the focus was further shifted to the exploration and production of oil and gas. As an international company, Hess Corp operates in various countries and regions. In North America, the company operates fields in Montana, North Dakota, Texas, and the Gulf of Mexico. In Europe, Hess Corp is active in Denmark and Norway, and in Asia, mainly in Indonesia and Thailand. Additionally, the company operates a refinery in New Jersey and has ownership stakes in various other refineries worldwide. The main products of Hess Corp are oil and gas, which are extracted in different countries and then sold. Another important product is petrochemicals, derived from the processing of oil and used in various industries. Hess Corp is also committed to sustainability and constantly works on improving environmental protection and safety measures. In recent years, the company has invested in renewable energy and energy efficiency and increasingly relies on digitized processes in its operations. In summary, the Hess Corporation is an international oil and gas company and one of the largest independent oil companies in the United States. It operates oil and gas fields in various countries and is active in North America, Europe, Africa, and Asia. In addition to oil and gas, Hess Corp also sells petrochemicals and advocates for sustainability and environmental protection.

Hess SWOT Analysis

Strengths

Hess Corp: a leading global independent energy company with a strong brand presence and industry expertise.

Strong asset portfolio: Hess Corp owns and operates a diverse range of high-quality assets, including offshore and onshore reserves, giving them a solid foundation for growth and profitability.

Weaknesses

Dependency on oil and gas prices: Hess Corp's financial performance is highly dependent on the prices of oil and gas, making them vulnerable to market fluctuations and price volatility.

Geographical concentration: The company's operations are mainly concentrated in a few key regions, exposing them to potential regulatory, political, and economic risks in those areas.

Opportunities

Growth in renewable energy: As the world shifts towards cleaner and sustainable energy sources, Hess Corp can explore opportunities to invest in and expand renewable energy projects, aligning with global trends and reducing environmental impact.

Exploration and production expansion: With advances in technology and increasing global energy demand, there are opportunities for Hess Corp to explore and acquire new reserves, expanding their production capacity and revenue streams.

Threats

Competition: The energy industry is highly competitive, with numerous global players competing for market share. Hess Corp needs to stay vigilant and continuously innovate to maintain its competitive edge.

Environmental regulations: Increasing environmental regulations and societal pressure to reduce carbon emissions present challenges for traditional oil and gas companies like Hess Corp, requiring them to adapt to stricter regulations and potentially invest in emission reduction technologies.

Hess Segments

Hess Revenue by Segment

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Crude Oil Revenue
Sales of Purchased Oil and Gas
Natural Gas Revenue
Natural Gas Liquids Revenue
Details
Date
Crude Oil Revenue
Sales of Purchased Oil and Gas
Natural Gas Revenue
Natural Gas Liquids Revenue
Jan 1, 2021
4.33 B USD
1.75 B USD
1.02 B USD
594.00 M USD
Jan 1, 2022
6.82 B USD
3.14 B USD
1.20 B USD
703.00 M USD

Hess Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Hess historical P/E ratio, EBIT multiple, and P/S ratio

Hess annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Hess shares outstanding

The number of shares of Hess was 308.5 M in 2025. This indicates how many shares Hess is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2019
304.96 M Stocks
Jan 1, 2020
306.98 M Stocks
Jan 1, 2021
310.00 M Stocks
Jan 1, 2022
308.10 M Stocks
Jan 1, 2023
307.90 M Stocks
Jan 1, 2024
308.50 M Stocks
Jan 1, 2025 (e)
308.50 M Stocks
Jan 1, 2026 (e)
308.50 M Stocks

Hess stock splits

In Hess's history, there have been no stock splits.

Hess Dividend History

37 years of dividend payments

YearAnnual DividendYoY ChangePayments
20251.00USD 46.7%
Mar 17, 20250.50USD 0.0%1/2
Jun 16, 20250.50USD 0.0%2/2
20241.88USD 7.1%
20231.75USD 16.7%
20221.50USD 50.0%
20211.00USD 0.0%
20201.00USD 0.0%
20191.00USD 0.0%
20181.00USD 0.0%
20171.00USD 33.3%
20161.50USD 50.0%

Hess dividend history and estimates

In 2025, Hess paid a dividend amounting to 1.00 USD. Dividend means that Hess distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2019
1.00 USD
0.00 USD
0.00 USD
Jan 1, 2020
1.00 USD
0.00 USD
0.00 USD
Jan 1, 2021
1.00 USD
0.00 USD
0.00 USD
Jan 1, 2022
1.50 USD
0.00 USD
0.00 USD
Jan 1, 2023
1.75 USD
0.00 USD
0.00 USD
Jan 1, 2024
1.88 USD
0.00 USD
0.00 USD
Jan 1, 2025 (e)
1.00 USD
1.00 USD
0.00 USD
Jan 1, 2026 (e)
0.00 USD
2.27 USD
0.00 USD

Hess dividend payout ratio

In 2025, Hess had a payout ratio of 32.69%. The payout ratio indicates the percentage of the company's profits that Hess distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2019
-127.06 %
Jan 1, 2020
-9.92 %
Jan 1, 2021
55.46 %
Jan 1, 2022
22.05 %
Jan 1, 2023
38.99 %
Jan 1, 2024
20.89 %
Jan 1, 2025 (e)
32.69 %
Jan 1, 2026 (e)
28.03 %

Current Hess forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
3.21 %
Buy50.00 % (10)
Hold50.00 % (10)
Sell0.00 % (0)
12M Price Target
164.22
Last Price
160.02
Currency
USD
12M Return Potential
2.63 %
LTM Return
0 %

Hess Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
7/28/20262.80USD3.29 BUSD2026 Q2
4/8/20261.80USD2.91 BUSD2026 Q1
1/27/20261.54USD2.80 BUSD2025 Q4
4/24/20242.32USD2.95 BUSD2024 Q1
1/23/20241.88USD2.75 BUSD2023 Q4
7/25/20231.83USD2.55 BUSD2023 Q2
4/25/20232.11USD2.60 BUSD2023 Q1
1/24/20231.96USD2.65 BUSD2022 Q4
10/26/20221.89USD2.64 BUSD2022 Q3
7/27/20222.16USD2.45 BUSD2022 Q2
...

EESG©

Eulerpool ESG Scorecard© for the Hess stock

69/100
52
Environment
86
Social
69
Governance
E

Environment

20
Scope 1 - Direct Emissions2,143,394
Scope 2 - Indirect emissions from purchased energy464,296
Scope 3 - Indirect emissions within the value chain55,131,615
Total CO₂ emissions2,607,690
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees27
Percentage of women in management
Percentage of Asian employees8.999
Share of Asian management8.086
Percentage of Hispanic/Latino employees9.188
Hispano/Latino Management share8.086
Percentage of Black employees5.601
Black Management Share4.582
Percentage of white employees73.946
White Management Share77.358
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Hess shareholder structure

% Name
11.09907%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
8.32408%
Hess (John B Jr.)
Hess (John B Jr.)
5.16777%
State Street Investment Management (US)
State Street Investment Management (US)
4.77385%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
3.16696%
Adage Capital Management, L.P.
Adage Capital Management, L.P.
2.91927%
HBK Investments, L.P.
HBK Investments, L.P.
...

Hess Executives and Management Board

BN

Mr. Bruce Niemeyer

(63)

President

HG

Mr. Harsh Goyal

Director

AS

Mr. Andrew Stead

Director

NW

Mr. Nicola Woods

Director

Hess Supply Chain

Hess Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Name1M3M6M1Y2YTrend
1
Exxon Mobil
Supplier
0.86
0.74
0.95
0.95
0.97
2
0.94
0.74
0.95
0.91
0.96
3
Kimbell Royalty Partners
Supplier
0.80
0.80
0.93
0.89
0.96
4
0.95
0.74
0.93
0.94
0.94
5
0.96
0.67
0.95
0.91
0.94
#Name1M3M6M1Y2YTrend
1
0.02
2
Shell Plc
Supplier
0.87
0.75
3
H&R Real Estate Investment Trust
Supplier
0.60
0.17
-0.76
-0.83
4
0.62
0.54
0.45
0.49
5
-0.24
-0.67
-0.86
-0.77

Frequently asked questions about Hess

The business model of Hess Corp centers around exploration, production, refining, and marketing of crude oil and natural gas. Hess Corp operates in various segments, including Exploration and Production (E&P) and Midstream. In the E&P segment, the company engages in the exploration and production of oil and natural gas reserves. It is actively involved in offshore oil drilling activities in the Gulf of Mexico and onshore shale operations in the United States. Hess Corp also owns refineries, where it processes crude oil into various oil products for sale. Furthermore, the company participates in the marketing, transportation, and trading of crude oil, natural gas, and refined products globally. Hess Corp's integrated business model enables it to capture value across the entire energy value chain.

All fundamentals and in-depth analysis of Hess

Our stock analysis for Hess stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Hess. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.