Leon Hess, an oil tycoon and the longtime owner of the New York Jets football team, founded the company Hess Oil and Chemical in 1933. (He passed away in 1999.) Hess has since evolved into an energy company that is engaged in exploration and production of crude oil and natural gas. It is a major investor and operator of the Bakken in North Dakota, a key U.S. shale play, and it owns a stake in Stabroek Block, an offshore oil and gas concession located off the Guyanese coast. In October 2023, Chevron agreed to buy Hess in a $53 billion all-stock deal.
Hess
Hess in Fortune Rankings
- About
- Company Information
- Key Financials
- World's Most Admired Companies
- Key Financials (last Fiscal Year)
- Profit Ratios
- Earnings Per Share (last Fiscal Year)
- Total Return
- Updated:6/2/2025
- Country/Territory:U.S.
- Headquarters:New York City
- Industry:Mining, Crude-Oil Production
- CEO:John B. Hess
- Website:https://www.hess.com
- Ticker:
- Company type:Private
- Revenues ($M):$13,018
- Profits ($M):$2,769
- Market value ($M):$49,243
- Number of employees:1,797
Acquired by Chevron, July 18, 2025. Market value as of March 31, 2025.
- $ Millions% change
- Revenues ($M):$36,694-4.4%
- Profits ($M):$5,052149.5%
- Assets ($M):$42,754-
- Sector:Natural resources
- Industry:Mining, Crude-Oil Production
- Industry Rank:2
- Previous Industry Rank:8
- Overall Score:7.15
- Innovation:2
- People Management:7
- Use of Corporate Assets:4
- Social Responsibility:7
- Quality of Management:5
- Financial Soundness:4
- Long-Term Investment Value:3
- Quality of Products/Services:2
- Global Competitiveness:3
- $ millions% change
- Revenues ($M):$13,01822.3%
- Profits ($M):$2,769100.4%
- Assets ($M):$26,551-
- Total Stockholder Equity ($M):$11,216-
- Profit as % of Revenues:21.3%
- Profits as % of Assets:10.4%
- Profits as % of Stockholder Equity:24.7%
- Earnings Per Share ($):8.98
- EPS % Change (from prior fiscal year):100%
- EPS % Change (5 year annual rate):-
- EPS % Change (10 year annual rate):1.8%
- Total Return to Investors (last year):-6.5%
- Total Return to Investors (5 year, annualized):16.5%
- Total Return to Investors (10 year, annualized):7.8%
Hess in Fortune Rankings
- Fortune 500
- Fortune Sector Leaders: Energy
- World's Most Admired Companies
- Fortune Global 500