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Company Report

Hess Corporation corporate profile

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The past year has marked a critical inflection point in Hess’ strategy – Guyana turned cash flow positive for the first time. Financial health is improving and so are shareholder distributions. Hess raised its dividend by 50% in 2022 - the first increase in more than a decade. The company also initiated a buyback program – a first since 2018. Shares of the company finished 2022 up an astonishing 75%, outperforming all peers except for Occidental Petroleum.

Table of contents

  • Wood Mackenzie base case valuation
  • Valuation upsides
  • Valuation downsides
    • Strengths
    • Weaknesses
    • Outlook
    • Strengths
    • Weaknesses
    • Outlook
    • Key targets
    • Current financial position
    • Financial outlook
    • Current Portfolio
    • Regional breakdown
    • Overview
    • Wood Mackenzie view
    • Overview
    • Carbon credit agreement
    • Emissions reductions

Tables and charts

This report includes 13 images and tables including:

  • Hess: NPV10 by country
  • Benchmark: Premium/discount to WM valuation
  • Resilience ratings: 1) IOC benchmarking 2) Hess ratings weighted by Dimension
  • Sustainability ratings: 1) IOC benchmarking 2) Hess ratings by Dimension
  • Hess: free cash flow outlook
  • Hess: net capex (real terms) by category
  • Hess: entitlement production by country
  • Benchmark: entitlement production indexed to 2021
  • Benchmark: GHG emissions intensity (reported)
  • Base price assumptions (nominal terms)
  • High price assumptions (nominal terms)
  • Low price assumptions (nominal terms)
  • Valuation assumptions

What's included

This report contains:

  • Document

    Hess Corporation corporate profile

    PDF 987.37 KB