Hess Corporation
HESFinancial Statements
Income Statement (Annual)
Amounts in millions
2024
12/31/2024
Revenue
12,896
Cost of Revenue
2,721
Gross Profit
10,175
Gross Margin
78.9%
Operating Income
4,776
Operating Margin
37.0%
Net Income
2,769
Net Margin
21.5%
EPS (Basic)
$9.02
EPS (Diluted)
$8.98
EBITDA
7,253
EBITDA Margin
56.2%
2023
12/31/2023
Revenue
10,511
Cost of Revenue
2,262
Gross Profit
8,249
Gross Margin
78.5%
Operating Income
2,897
Operating Margin
27.6%
Net Income
1,382
Net Margin
13.1%
EPS (Basic)
$4.52
EPS (Diluted)
$4.49
EBITDA
4,995
EBITDA Margin
47.5%
2022
12/31/2022
Revenue
11,324
Cost of Revenue
3,410
Gross Profit
7,914
Gross Margin
69.9%
Operating Income
5,570
Operating Margin
49.2%
Net Income
2,096
Net Margin
18.5%
EPS (Basic)
$6.80
EPS (Diluted)
$6.77
EBITDA
5,742
EBITDA Margin
50.7%
2021
12/31/2021
Revenue
7,473
Cost of Revenue
2,929
Gross Profit
4,544
Gross Margin
60.8%
Operating Income
2,008
Operating Margin
26.9%
Net Income
559
Net Margin
7.5%
EPS (Basic)
$1.80
EPS (Diluted)
$1.80
EBITDA
3,507
EBITDA Margin
46.9%
2020
12/31/2020
Revenue
4,667
Cost of Revenue
3,416
Gross Profit
2,469
Gross Margin
52.9%
Operating Income
-343
Operating Margin
-7.3%
Net Income
-3,093
Net Margin
-66.3%
EPS (Basic)
$-10.08
EPS (Diluted)
$-10.15
EBITDA
-112
EBITDA Margin
-2.4%