Hess Historical Income Statement

HES Stock

USD 148.65 0.67 0.45%

Historical analysis of Hess income statement accounts such as Total Revenue of 14.8 B or Gross Profit of 8.4 B can show how well Hess Corporation performed in making a profits. Evaluating Hess income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Hess's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Hess latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Hess is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

About Hess Income Statement Analysis

Hess Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Hess shareholders. The income statement also shows Hess investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Hess Income Statement Chart

At this time, Hess' Net Income From Continuing Ops is comparatively stable compared to the past year. Tax Provision is likely to gain to about 885.1 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 5 B in 2024.

Total Revenue Other Operating Expenses Operating Income Ebitda Cost Of Revenue Income Before Tax

Total Revenue

Total revenue comprises all receipts Hess generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Hess. It is also known as Hess overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Hess operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Hess Corporation is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Cost Of Revenue

Cost of Revenue is found on Hess income statement and represents the costs associated with goods and services Hess provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Hess income statement and is an important metric when analyzing Hess profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from Hess' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Hess current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hess Corporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.5B	3.9B	2.5B	2.4B
Cost Of Revenue	2.9B	3.4B	2.7B	2.6B

Total Operating Expenses Cost Of Revenue

Hess income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Selling And Marketing Expenses	Minority Interest	Net Income From Continuing Ops	Non Recurring	Discontinued Operations	Tax Provision	Interest Income	Net Interest Income	Non Operating Income Net Other	Reconciled Depreciation
Depreciation And Amortization		0.2	0.12	-0.32	0.27	-0.41	-0.7	-0.44	0.3	-0.08	-0.33	0.15	-0.27	-0.15	0.25	-0.2	0.33	-0.45	0.45	-0.06	-0.23	-0.44	0.48	-0.41	0.54
Interest Expense	0.2		0.15	0.46	0.03	0.4	0.23	0.3	-0.03	0.47	0.28	-0.23	0.23	0.15	-0.29	0.52	-0.42	0.08	-0.29	-0.45	0.44	0.58	-0.64	0.51	-0.61
Total Revenue	0.12	0.15		0.68	0.96	0.56	0.4	0.55	0.94	0.7	0.6	0.3	0.57	0.37	0.77	-0.22	-0.01	0.53	-0.02	0.74	-0.39	-0.22	0.25	-0.47	0.32
Gross Profit	-0.32	0.46	0.68		0.47	0.96	0.85	0.86	0.4	0.78	0.86	0.03	0.81	0.39	0.36	0.37	-0.55	0.81	-0.53	0.33	0.05	0.45	-0.43	0.09	-0.34
Other Operating Expenses	0.27	0.03	0.96	0.47		0.32	0.19	0.39	0.99	0.63	0.41	0.36	0.39	0.32	0.79	-0.34	0.19	0.35	0.15	0.76	-0.46	-0.4	0.46	-0.58	0.5
Operating Income	-0.41	0.4	0.56	0.96	0.32		0.86	0.83	0.27	0.58	0.88	0.01	0.85	0.32	0.32	0.37	-0.59	0.87	-0.54	0.31	0.01	0.51	-0.49	0.15	-0.38
Ebit	-0.7	0.23	0.4	0.85	0.19	0.86		0.93	0.13	0.6	0.74	-0.08	0.65	0.38	0.09	0.45	-0.57	0.74	-0.55	0.22	0.19	0.48	-0.48	0.33	-0.48
Ebitda	-0.44	0.3	0.55	0.86	0.39	0.83	0.93		0.33	0.72	0.77	0.01	0.69	0.42	0.25	0.5	-0.5	0.72	-0.46	0.3	0.09	0.4	-0.31	0.21	-0.31
Cost Of Revenue	0.3	-0.03	0.94	0.4	0.99	0.27	0.13	0.33		0.55	0.37	0.38	0.36	0.29	0.81	-0.41	0.24	0.31	0.21	0.78	-0.51	-0.45	0.52	-0.63	0.56
Total Operating Expenses	-0.08	0.47	0.7	0.78	0.63	0.58	0.6	0.72	0.55		0.58	0.08	0.49	0.42	0.3	0.33	-0.3	0.46	-0.36	0.25	0.13	0.21	-0.19	-0.01	-0.2
Income Before Tax	-0.33	0.28	0.6	0.86	0.41	0.88	0.74	0.77	0.37	0.58		0.45	0.94	0.56	0.46	0.27	-0.42	0.93	-0.69	0.49	0.02	0.32	-0.28	-0.1	-0.24
Total Other Income Expense Net	0.15	-0.23	0.3	0.03	0.36	0.01	-0.08	0.01	0.38	0.08	0.45		0.42	0.53	0.54	-0.32	0.38	0.34	-0.36	0.57	-0.11	-0.41	0.46	-0.6	0.36
Net Income	-0.27	0.23	0.57	0.81	0.39	0.85	0.65	0.69	0.36	0.49	0.94	0.42		0.29	0.53	0.18	-0.31	0.97	-0.54	0.53	-0.22	0.25	-0.19	-0.1	-0.17
Income Tax Expense	-0.15	0.15	0.37	0.39	0.32	0.32	0.38	0.42	0.29	0.42	0.56	0.53	0.29		0.16	0.15	-0.25	0.28	-0.61	0.28	0.52	0.12	-0.12	-0.27	-0.09
Selling General Administrative	0.25	-0.29	0.77	0.36	0.79	0.32	0.09	0.25	0.81	0.3	0.46	0.54	0.53	0.16		-0.4	0.23	0.51	0.1	0.88	-0.65	-0.44	0.59	-0.77	0.68
Selling And Marketing Expenses	-0.2	0.52	-0.22	0.37	-0.34	0.37	0.45	0.5	-0.41	0.33	0.27	-0.32	0.18	0.15	-0.4		-0.71	0.18	-0.51	-0.55	0.57	0.73	-0.65	0.59	-0.66
Minority Interest	0.33	-0.42	-0.01	-0.55	0.19	-0.59	-0.57	-0.5	0.24	-0.3	-0.42	0.38	-0.31	-0.25	0.23	-0.71		-0.37	0.53	0.28	-0.47	-0.67	0.7	-0.31	0.59
Net Income From Continuing Ops	-0.45	0.08	0.53	0.81	0.35	0.87	0.74	0.72	0.31	0.46	0.93	0.34	0.97	0.28	0.51	0.18	-0.37		-0.56	0.56	-0.22	0.28	-0.22	-0.09	-0.19
Non Recurring	0.45	-0.29	-0.02	-0.53	0.15	-0.54	-0.55	-0.46	0.21	-0.36	-0.69	-0.36	-0.54	-0.61	0.1	-0.51	0.53	-0.56		0.08	-0.58	-0.54	0.54	-0.18	0.61
Discontinued Operations	-0.06	-0.45	0.74	0.33	0.76	0.31	0.22	0.3	0.78	0.25	0.49	0.57	0.53	0.28	0.88	-0.55	0.28	0.56	0.08		-0.63	-0.47	0.55	-0.73	0.62
Tax Provision	-0.23	0.44	-0.39	0.05	-0.46	0.01	0.19	0.09	-0.51	0.13	0.02	-0.11	-0.22	0.52	-0.65	0.57	-0.47	-0.22	-0.58	-0.63		0.54	-0.63	0.45	-0.64
Interest Income	-0.44	0.58	-0.22	0.45	-0.4	0.51	0.48	0.4	-0.45	0.21	0.32	-0.41	0.25	0.12	-0.44	0.73	-0.67	0.28	-0.54	-0.47	0.54		-0.92	0.68	-0.82
Net Interest Income	0.48	-0.64	0.25	-0.43	0.46	-0.49	-0.48	-0.31	0.52	-0.19	-0.28	0.46	-0.19	-0.12	0.59	-0.65	0.7	-0.22	0.54	0.55	-0.63	-0.92		-0.73	0.92
Non Operating Income Net Other	-0.41	0.51	-0.47	0.09	-0.58	0.15	0.33	0.21	-0.63	-0.01	-0.1	-0.6	-0.1	-0.27	-0.77	0.59	-0.31	-0.09	-0.18	-0.73	0.45	0.68	-0.73		-0.83
Reconciled Depreciation	0.54	-0.61	0.32	-0.34	0.5	-0.38	-0.48	-0.31	0.56	-0.2	-0.24	0.36	-0.17	-0.09	0.68	-0.66	0.59	-0.19	0.61	0.62	-0.64	-0.82	0.92	-0.83

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Hess Account Relationship Matchups

Hess income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	2.1B	2.3B	1.5B	1.8B	2.1B	1.7B
Interest Expense	380M	468M	481M	493M	478M	501.9M
Total Revenue	6.5B	4.7B	7.5B	11.3B	10.7B	14.8B
Gross Profit	3.0B	1.3B	4.5B	7.9B	8.0B	8.4B
Other Operating Expenses	5.9B	5.1B	5.5B	7.3B	5.3B	5.0B
Operating Income	579M	(343M)	2.1B	4.1B	5.0B	5.3B
Ebit	579M	(2.4B)	2.0B	4.0B	2.9B	3.1B
Ebitda	2.7B	(112M)	3.5B	5.8B	5.1B	2.6B
Cost Of Revenue	3.5B	3.4B	2.9B	3.4B	2.7B	2.6B
Total Operating Expenses	2.4B	1.6B	2.5B	3.9B	2.5B	2.4B
Income Before Tax	221M	(2.9B)	1.5B	3.7B	2.5B	2.6B
Total Other Income Expense Net	(358M)	(2.5B)	(2.1B)	(2.0B)	(2.6B)	(2.4B)
Net Income	(240M)	(2.8B)	890M	2.1B	1.4B	1.5B
Income Tax Expense	461M	(11M)	600M	1.1B	733M	546.9M
Selling General Administrative	397M	357M	340M	430M	527M	425.1M
Net Income Applicable To Common Shares	(412M)	(3.1B)	559M	2.2B	2.0B	2.1B
Selling And Marketing Expenses	1.7B	936M	2.0B	3.3B	2.7B	1.4B
Minority Interest	168M	254M	(331M)	(351M)	(315.9M)	(300.1M)
Net Income From Continuing Ops	(240M)	(2.8B)	890M	2.6B	1.8B	1.9B
Non Recurring	233M	2.5B	162M	208M	187.2M	177.8M
Tax Provision	461M	(11M)	600M	1.1B	843M	885.2M
Interest Income	377M	468M	481M	493M	567.0M	438.1M
Net Interest Income	(380M)	(468M)	(481M)	(493M)	(486M)	(510.3M)
Reconciled Depreciation	2.1B	2.1B	1.5B	1.7B	2.1B	1.6B

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Hess Historical Income Statement

About Hess Income Statement Analysis

Hess Income Statement Chart

Total Revenue

Other Operating Expenses

Operating Income

Cost Of Revenue

Income Before Tax

Hess income statement Correlations

Hess Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Hess income statement Accounts

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COMMON DESTINATIONS

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COMPANY

Cost Of Revenue	+ 0.99	Other Operating Expenses
Net Income From Continuing Ops	+ 0.97	Net Income
Other Operating Expenses	+ 0.96	Total Revenue
Operating Income	+ 0.96	Gross Profit
Cost Of Revenue	+ 0.94	Total Revenue
Net Income	+ 0.94	Income Before Tax

Net Interest Income	- 0.92	Interest Income
Reconciled Depreciation	- 0.83	Non Operating Income Net Other
Reconciled Depreciation	- 0.82	Interest Income
Non Operating Income Net Other	- 0.77	Selling General Administrative
Non Operating Income Net Other	- 0.73	Net Interest Income
Non Operating Income Net Other	- 0.73	Discontinued Operations