Hess (HES) Revenue & Revenue Breakdown

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Hess Revenue Highlights

Latest Revenue (Y)

$13.02B

Latest Revenue (Q)

$2.94B

Main Segment (Y)

Crude Oil

Main Geography (Y)

Midstream

Hess Revenue by Period

Hess Revenue by Year

Date	Revenue	Change
2024-12-31	$13.02B	23.85%
2023-12-31	$10.51B	-7.18%
2022-12-31	$11.32B	51.53%
2021-12-31	$7.47B	60.12%
2020-12-31	$4.67B	-28.14%
2019-12-31	$6.50B	2.67%
2018-12-31	$6.33B	15.73%
2017-12-31	$5.47B	14.78%
2016-12-31	$4.76B	-28.24%
2015-12-31	$6.64B	-38.20%
2014-12-31	$10.74B	-51.82%
2013-12-31	$22.28B	-40.88%
2012-12-31	$37.69B	-3.22%
2011-12-31	$38.94B	10.84%
2010-12-31	$35.13B	18.82%
2009-12-31	$29.57B	-28.17%
2008-12-31	$41.16B	30.08%
2007-12-31	$31.65B	12.76%
2006-12-31	$28.07B	23.39%
2005-12-31	$22.75B	35.94%
2004-12-31	$16.73B	16.92%
2003-12-31	$14.31B	19.94%
2002-12-31	$11.93B	-11.04%
2001-12-31	$13.41B	11.84%
2000-12-31	$11.99B	70.38%
1999-12-31	$7.04B	6.81%
1998-12-31	$6.59B	-19.96%
1997-12-31	$8.23B	-0.47%
1996-12-31	$8.27B	13.28%
1995-12-31	$7.30B	10.61%
1994-12-31	$6.60B	12.82%
1993-12-31	$5.85B	-

Hess generated $13.02B in revenue during NA 2024, up 23.85% compared to the previous quarter, and up 200.43% compared to the same period a year ago.

Hess Revenue by Quarter

Date	Revenue	Change
2025-03-31	$2.94B	-6.46%
2024-12-31	$3.14B	-1.57%
2024-09-30	$3.19B	-0.34%
2024-06-30	$3.20B	-3.23%
2024-03-31	$3.31B	9.90%
2023-12-31	$3.01B	7.54%
2023-09-30	$2.80B	22.32%
2023-06-30	$2.29B	-5.06%
2023-03-31	$2.41B	-17.83%
2022-12-31	$2.93B	-6.02%
2022-09-30	$3.12B	5.65%
2022-06-30	$2.96B	27.76%
2022-03-31	$2.31B	3.40%
2021-12-31	$2.24B	27.17%
2021-09-30	$1.76B	11.40%
2021-06-30	$1.58B	-16.81%
2021-03-31	$1.90B	43.68%
2020-12-31	$1.32B	13.98%
2020-09-30	$1.16B	39.14%
2020-06-30	$833.00M	-38.48%
2020-03-31	$1.35B	-19.55%
2019-12-31	$1.68B	6.52%
2019-09-30	$1.58B	-4.82%
2019-06-30	$1.66B	5.60%
2019-03-31	$1.57B	-4.90%
2018-12-31	$1.65B	-7.81%
2018-09-30	$1.79B	16.88%
2018-06-30	$1.53B	13.97%
2018-03-31	$1.35B	-19.06%
2017-12-31	$1.66B	21.39%
2017-09-30	$1.37B	12.66%
2017-06-30	$1.22B	-4.78%
2017-03-31	$1.28B	-8.00%
2016-12-31	$1.39B	17.93%
2016-09-30	$1.18B	-3.84%
2016-06-30	$1.22B	25.80%
2016-03-31	$973.00M	-33.99%
2015-12-31	$1.47B	-11.79%
2015-09-30	$1.67B	-14.44%
2015-06-30	$1.95B	26.98%
2015-03-31	$1.54B	-35.21%
2014-12-31	$2.37B	-13.52%
2014-09-30	$2.75B	-3.55%
2014-06-30	$2.85B	-48.76%
2014-03-31	$5.55B	-57.61%
2013-12-31	$13.10B	384.15%
2013-09-30	$2.71B	-10.13%
2013-06-30	$3.01B	-13.13%
2013-03-31	$3.47B	-63.56%
2012-12-31	$9.51B	3.45%
2012-09-30	$9.19B	-1.18%
2012-06-30	$9.30B	-3.90%
2012-03-31	$9.68B	-0.52%
2011-12-31	$9.73B	12.33%
2011-09-30	$8.66B	-12.06%
2011-06-30	$9.85B	-3.54%
2011-03-31	$10.21B	13.41%
2010-12-31	$9.01B	14.53%
2010-09-30	$7.86B	1.71%
2010-06-30	$7.73B	-16.49%
2010-03-31	$9.26B	6.70%
2009-12-31	$8.68B	19.37%
2009-09-30	$7.27B	7.69%
2009-06-30	$6.75B	-2.37%
2009-03-31	$6.92B	-6.34%
2008-12-31	$7.38B	-35.23%
2008-09-30	$11.40B	-2.72%
2008-06-30	$11.72B	9.84%
2008-03-31	$10.67B	12.81%
2007-12-31	$9.46B	-

Hess generated $2.94B in revenue during Q1 2025, up -6.46% compared to the previous quarter, and up 97.58% compared to the same period a year ago.

Hess Revenue Breakdown

Hess Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Crude Oil	$8.87B	$6.69B	-	-	-
Natural Gas Revenue	$957.00M	$982.00M	-	-	-
Natural Gas Liquids Revenue	$613.00M	$529.00M	-	-	-
Exploration And Production	-	$10.66B	$3.14B	$1.75B	$847.00M
Midstream	-	$1.35B	$1.27B	-	$1.09B

Hess's latest annual revenue breakdown by segment (product or service), as of Dec 24: Crude Oil (84.96%), Natural Gas Revenue (9.17%), and Natural Gas Liquids Revenue (5.87%).

Quarterly Revenue by Product

Product/Service	Mar 25	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Exploration And Production	$2.90B	$2.15B	$2.33B	$3.11B	$2.85B	$2.29B	$2.41B	$3.06B	$931.00M	$815.00M	$699.00M	$2.27B	$484.00M	$329.00M	$321.00M	$166.00M	$221.00M	$143.00M	$324.00M	$398.00M
Midstream	-	-	-	$982.00M	$363.00M	$2.00M	$2.00M	$312.00M	-	-	-	$317.00M	-	-	-	-	-	-	-	-
Corporate And Other	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Hess's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Exploration And Production (100.00%).

Hess Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Midstream	$1.50B	$1.35B	$1.20B	-	-
GUYANA	-	-	$230.00M	-	-
Malaysia And JDA	-	-	-	-	$511.00M

Hess's latest annual revenue breakdown by geography, as of Dec 24: Midstream (100.00%).

Quarterly Revenue by Country

Country	Mar 25	Dec 24	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20
Midstream	$382.00M	$760.00M	$379.00M	$356.00M	$982.00M	$363.00M	$2.00M	$2.00M	$312.00M	$335.00M	$314.00M	$312.00M	$317.00M	$304.00M	$294.00M	$289.00M	$267.00M	$264.00M	$270.00M	$291.00M

Hess's latest quarterly revenue breakdown by geography, as of Mar 25: Midstream (100.00%).

Hess Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ET	Energy Transfer LP	$82.67B	$19.24B
HES	Hess	$13.02B	$2.94B
EXE	Expand Energy	$7.78B	$3.69B

HES Revenue FAQ

What is Hess’s yearly revenue?

Hess's yearly revenue for 2024 was $13.02B, representing an increase of 23.85% compared to 2023. The company's yearly revenue for 2023 was $10.51B, representing a decrease of -7.18% compared to 2022. HES's yearly revenue for 2022 was $11.32B, representing an increase of 51.53% compared to 2021.

What is Hess’s quarterly revenue?

Hess's quarterly revenue for Q1 2025 was $2.94B, a -6.46% decrease from the previous quarter (Q4 2024), and a -11.21% decrease year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $3.14B, a -1.57% decrease from the previous quarter (Q3 2024), and a 4.32% increase year-over-year (Q4 2023). HES's quarterly revenue for Q3 2024 was $3.19B, a -0.34% decrease from the previous quarter (Q2 2024), and a 13.96% increase year-over-year (Q3 2023).

What is Hess’s revenue growth rate?

Hess's revenue growth rate for the last 3 years (2022-2024) was 14.96%, and for the last 5 years (2020-2024) was 178.94%.

What are Hess’s revenue streams?

Hess's revenue streams in c 24 are Crude Oil, Natural Gas Revenue, and Natural Gas Liquids Revenue. Crude Oil generated $8.87B in revenue, accounting 84.96% of the company's total revenue, up 32.61% year-over-year. Natural Gas Revenue generated $957M in revenue, accounting 9.17% of the company's total revenue, down -2.55% year-over-year. Natural Gas Liquids Revenue generated $613M in revenue, accounting 5.87% of the company's total revenue, up 15.88% year-over-year.

What is Hess’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Hess was Crude Oil. This segment made a revenue of $8.87B, representing 84.96% of the company's total revenue.