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Hess Corporation  (HES)
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Hess's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Hess's ROA in the fourth quarter of 2023?
Hess Corporation achieved a return on average assets (ROA) of 7.84 % in its fourth quarter of 2023, this is above HES's average return on assets of 2.06%.
Hess Corporations assets during the 12 months ending in the fourth quarter of 2023 are valued at $22 billion

ROA decreased relative to the period ending Sep 30 2023, due to the decline in net income.

However, within the Energy sector 60 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 615, from total ROA ranking in the third quarter of 2023 at 760.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 10.38 % 7.39 % 4.85 % 10.15 % 4.9 %
Y / Y Net Income Change -13.57 % -0.66 % -72.81 % -15.25 % 63.48 %
Net Income (TTM) in million 1,738 1,817 1,821 2,370 2,447
Return On Assets (TTM) 7.84 % 8.4 % 8.58 % 11.3 % 11.94 %
HES's Total Ranking # 615 # 760 # 793 # 622 # 700
Total Assets (TTM) in million 23,179 22,607 21,598 21,275 20,999
Seq. Total Assets Change 2.53 % 4.67 % 1.52 % 1.31 % -0.25 %
Seq. Net Income Change -16.45 % 193.66 % -52.1 % -26.46 % -3.96 %



Return On Assets Company Ranking
Within: No.
Industry # 13
Sector # 61
Overall # 614

Return On Assets Statistics
High Average Low
12.4 %
2.06 %
-22.33 %
(Dec 31 2013)   (Sep 30 2017)





Financial Statements
Hess's Assets $ 23,179 million HES's Balance sheet
Hess's Income $ 503 million Quarterly HES's Income Statement
HES's Income by Division See HES's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2019)
FY 2019
(Dec 31 2018)
FY 2018
Y / Y Total Assets Change 10.38 % 4.9 % -4.83 % -1.85 % -7.26 %
Total Assets in million 23,179 20,999 20,019 21,036 21,433
Y / Y Net Income Change -28.97 % 174.94 % - - -
Net Income in million 1,738 2,447 890 -240 -115
Return On Assets 7.5 % 11.65 % 4.45 % -1.14 % -0.54 %




Comment on HES's ROA in the fiscal year ending 2023
In the fiscal year 2023 Hess's ROA decreased compared to previous year to 7.5 %, due to deterioration of net income -28.97 % to $1,738.00 million, from $2,447.00 million a year ago, as HES's assets were $23,179.00 million.


More Return On Assets Ratios
HES's' Return on Assets at Yahoo Finance
Oil & Gas Integrated Operations Industry Return On Assets Trends and Statistics
Energy Sector Roa Statistics
Roa Trends for overall market
HES's Roa Ratio versus Oil & Gas Integrated Operations Industry, Energy Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for HES's Competitors
Roa for Hess's Suppliers
Return On Assets for HES's Customers

You may also want to know
HES's Roi HES's Inventory Turnover Ratio HES's Growth Rates HES's Dividend Comparisons
HES's Profitability Ratios HES's Asset Turnover Ratio HES's Dividend Growth
HES's Roe HES's Valuation Ratios HES's Financial Strength Ratios HES's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Energy Sector ROA
Warrior Met Coal Inc   21.34 %
Omega Flex Inc   21.07 %
Cnx Resources Corporation  20.25 %
Cvr Energy inc  20.01 %
Par Pacific Holdings Inc   19.84 %
Arch Resources inc   19.20 %
Liberty Energy Inc   18.85 %
Masco Corporation  17.88 %
Eog Resources Inc   17.87 %
Vital Energy inc   17.02 %
Chesapeake Energy Corporation  16.79 %
Magnolia Oil and Gas Corp  16.78 %
Mexco Energy Corporation  16.54 %
Rpc inc   15.77 %
Pbf Energy Inc   15.37 %
Viper Energy Inc   15.30 %
Valero Energy Corp  14.81 %
California Resources Corp  14.23 %
Peabody Energy Corp  13.99 %
Pioneer Natural Resources Co  13.54 %
Sm Energy Co  13.45 %
Riley Exploration Permian Inc   13.11 %
Evolution Petroleum Corp  12.85 %
Marathon Petroleum Corporation  12.79 %
Matador Resources Company  12.65 %
Ramaco Resources Inc   12.59 %
Southwestern Energy Company  12.24 %
Sunoco Lp  11.97 %
Diamondback Energy Inc   11.89 %
Conocophillips  11.83 %


Date modified: 2024-02-27T10:50:37+00:00


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