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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
+10.6% YoYReported for FY 2024
Liabilities
+1.0% YoYReported for FY 2024
Equity
+24.8% YoYReported for FY 2024
Equity mix
+5.1 ppEquity share of the capital base
Table view
Balance sheet, reported dollar amounts — FY 2024
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jun 9, 2026. The filing-backed figures above are the current source of truth.
Hess Corporation’s balance sheet shows steady expansion over the five-year period. Total assets increased from $18.8 billion in 2020 to $26.6 billion in 2024, a meaningful rise that suggests continued investment in the asset base and growth in operating scale. The increase was particularly strong in 2023–2024, when assets rose by about $2.5 billion year over year, indicating a more pronounced buildout of long-term resources. In the context of the oil and gas industry, this pattern is consistent with capital-intensive development, reserve replacement, and ongoing project spending. Liabilities have also increased, but at a more measured pace than assets overall, rising from $12.5 billion in 2020 to $14.5 billion in 2024. There was some volatility: liabilities declined slightly in 2021, then climbed again in 2022 and 2023 before flattening in 2024. Stockholders’ equity improved more consistently, from $6.3 billion in 2020 to $11.2 billion in 2024, with the sharpest gains occurring in 2023 and 2024. Overall, the company’s equity growth outpaced liability growth, which implies a strengthening balance sheet and improved financial cushion over time, even as the business continued to operate in a capital-intensive and cyclical sector.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.