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Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
HESS CORPORATION’s top-line, gross profit, pretax income, and bottom-line conversion. Values are shown in USD millions.
CAGR 28.0% (FY2020 to FY2024)
Latest annual filing: FY2024
Latest annual filing: FY2024
Latest annual filing: FY2024
Change vs FY2020: +9214 bps
Change vs FY2020: +9309 bps
Change vs FY2020: +8586 bps
Profitability profile tracked across FY2020 through FY2024.
Side-by-side read of gross, operating, and net margin.
Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.
FY2024 versus FY2023
FY2024 versus FY2023
FY2024 versus FY2023
FY2024 versus FY2023
Negative values are highlighted to make slowdowns obvious.
The most direct way to see whether the business is accelerating or rolling over.
Compounded annual growth across FY2020 to FY2024.
Compounded annual growth across FY2020 to FY2024.
Compounded annual growth across FY2020 to FY2024.
Compounded annual growth across FY2020 to FY2024.
Over the five-year period, Hess Corporation’s financial performance shows a dramatic turnaround from a challenging 2020 to significant recovery and growth by 2024. In 2020, the company reported a revenue of USD 4,804 million with negative gross profit and pretax (operating) income (both at –USD 2,850 million) and a net loss of –USD 3,093 million, indicating substantial operational stress likely driven by adverse market conditions. In 2021, revenue rose by approximately 55% to USD 7,473 million, and positive turnaround metrics emerged with gross profit and operating income (USD 1,380 million and USD 1,490 million, respectively) alongside a notable net profit of USD 559 million. This recovery was further bolstered in 2022, as revenue jumped to USD 11,324 million (a 52% increase over 2021), gross profit improved to USD 3,300 million, and pretax income increased to USD 3,546 million, driving net income to USD 2,096 million. Despite a setback in 2023, when revenue declined roughly 7% to USD 10,511 million and the key profitability measures—gross profit, pretax income, and net income—fell by over 20% compared to 2022, the company rebounded strongly in 2024. Revenue grew to USD 12,896 million, gross profit expanded to USD 4,232 million, and pretax income rose to USD 4,354 million, resulting in a net income of USD 2,769 million. This volatility, particularly the marked decline in 2023 followed by a robust recovery in 2024, may reflect changing market dynamics, commodity price fluctuations, or operational adjustments inherent in the energy sector. Overall, Hess Corporation appears to have regained financial stability and growth momentum, suggesting improved operational efficiency and a more resilient performance outlook in a cyclically volatile industry.
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.