Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over 2021–2024 Hess Corporation’s balance sheet strengthened materially. Total assets rose from $20,515m to $26,551m (≈+29.4%), with steady annual increases (≈+5.8% in 2022, +10.7% in 2023, +10.6% in 2024). Total liabilities moved only modestly from $13,489m to $14,548m (+7.9%), after a small dip in 2022; the net effect was a marked expansion in stockholders’ equity from $6,300m to $11,216m (+78.0%). Year‑to‑year equity gains were notable: +24.7% (2021→22), +14.4% (22→23) and +24.8% (23→24), indicating that asset growth has been captured primarily as owner capital rather than offset by proportional debt increases. The company’s leverage profile improved appreciably: the liabilities/assets ratio fell from ~65.8% (2021) to ~54.8% (2024), while equity/assets climbed from ~30.7% to ~42.2%. This pattern is consistent with industry behavior over the period—strong commodity prices and improved operating cash flow across many E&P firms supported deleveraging, higher retained earnings and balance‑sheet repairs (or occasional asset revaluations or disposals). One caveat: the 2025 line shows zeros (missing data) and should be treated as unavailable. Overall, Hess appears to have strengthened its financial position through asset growth and materially higher equity, reducing relative reliance on liabilities.
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.