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Hess Corporation  (HES)
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HES's Revenue Growth by Quarter and Year

Hess's Revenue results by quarter and year




HES Revenue (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 3,054.00 2,255.00 1,176.00
III Quarter September - 3,157.00 1,811.00 842.00
II Quarter June 2,289.00 2,988.00 1,598.00 1,369.00
I Quarter March 2,411.00 2,371.00 1,919.00 1,699.00
FY   4,700.00 11,570.00 7,583.00 5,086.00



HES Revenue second quarter 2023 Y/Y Growth Comment
Hess Corporation reported decline in Revenue in the second quarter 2023 by -23.39% to $ 2,289.00 millions, from the same quarter in 2022.
The contraction in the second quarter 2023 Hess Corporation's Revenue compares unfavorably to the Company's average Revenue growth of 2.14%.

According to the results reported in the second quarter 2023, Hess Corporation achieved the best Revenue growth in Oil & Gas Integrated Operations industry. While Hess Corporation' s Revenue fall of -23.39% ranks overall at the positon no. 488 in the second quarter 2023.




HES Revenue ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 35.43 % 91.75 % -22.38 %
III Quarter September - 74.32 % 115.08 % -50.38 %
II Quarter June -23.39 % 86.98 % 16.73 % -14.38 %
I Quarter March 1.69 % 23.55 % 12.95 % 1.01 %
FY   - 52.58 % 49.1 % -21.67 %

Financial Statements
Hess's second quarter 2023 Revenue $ 2,289.00 millions HES's Income Statement
Hess's second quarter 2022 Revenue $ 2,988.00 millions Quarterly HES's Income Statement
New: More HES's historic Revenue Growth >>


HES Revenue (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -3.26 % 24.52 % 39.67 %
III Quarter September - 5.66 % 13.33 % -38.5 %
II Quarter June -5.06 % 26.02 % -16.73 % -19.42 %
I Quarter March -21.05 % 5.14 % 63.18 % 12.15 %
FY (Year on Year)   - 52.58 % 49.1 % -21.67 %




Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #0
Energy Sector #35
Overall #488

Revenue Y/Y Growth Statistics
High Average Low
70.28 % 2.14 % -57.28 %
(Jun 30 2022)   (March 31, 2016)
Revenue second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #0
Energy Sector #35
Overall #488
Revenue Y/Y Growth Statistics
High Average Low
70.28 % 2.14 % -57.28 %
(Jun 30 2022)   (March 31, 2016)

Revenue by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Hess's Q/Q Revenue Growth


Revenue Q/Q Growth Statistics
High Average Low
400.41 % 4.76 % -59.22 %
(Dec 31 2013)  


HES's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2023 Hess Corporation realized decline in Revenue from the first quarter by -5.06% to $ 2,289.00 millions, from $ 2,411.00 millions released in the previous quarter.

Although seasonal circumstance usually energize II. Quarter 2023 results, it clearly was not substantial to rescue Oil & Gas Integrated Operations's company II. Quarter achievement, Riya Patel, Energy sector insider pointed out.

Within Oil & Gas Integrated Operations industry 7 other companies have achieved higher Revenue quarter on quarter growth. While Hess's Revenue growth quarter on quarter, overall rank is 1376.


Revenue Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #8
Energy Sector #46
Overall #1376
Revenue Q/Q Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry #8
Energy Sector #46
Overall #1376
Revenue Q/Q Growth Statistics
High Average Low
400.41 % 4.76 % -59.22 %
(Dec 31 2013)  


HES's II. Quarter Q/Q Revenue Comment
In the II. Quarter 2023 Hess Corporation disclosed decline in Revenue sequentially by -5.06% to $ 2,289.00 millions, from $ 2,411.00 millions declared in the previous reporting period.

Even periodic factors which usually fuel II. Quarter 2023 results, it simply has not been sufficient to recover Oil & Gas Integrated Operations's company II. Quarter 2023 achievement, Riya Patel, Energy sector insider said and continued that average quarter on quarter Revenue growth is at 4.76% for HES.

Within Oil & Gas Integrated Operations industry 7 other companies have achieved higher Revenue quarter on quarter growth. While Hess's Revenue growth quarter on quarter, overall rank is 1376.


Hess's 12 Months Revenue Growth Year on Year


Revenue TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Revenue 12 Months Ending $ 10,911.00 $ 11,610.00 $ 11,570.00 $ 10,771.00 $ 9,425.00
Y / Y Revenue Growth (TTM) 15.77 % 44.49 % 52.58 % 65.61 % 70.28 %
Year on Year Revenue Growth Overall Ranking # 1212 # 565 # 564 # 521 # 549
Seqeuential Revenue Change (TTM) -6.02 % 0.35 % 7.42 % 14.28 % 17.3 %
Seq. Revenue Growth (TTM) Overall Ranking # 1212 # 565 # 564 # 521 # 549




Cumulative Revenue growth Comment
Assuming the Hess's fiscal year would have ended in Jun 30 2023, Hess would have reprted above average annual Revenue increase of 15.77% year on year, of $ 10,911 millions.
This marks a slow-down of the companys growth trends and from the 44.49% increase in Mar 31 2023. But still, Hess had highest Revenue growth, in Oil & Gas Integrated Operations industry.

Among companies within the Energy sector 15 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 565 to 1212.

Revenue TTM Q/Q Growth Statistics
High Average Low
70.28 %
2.14 %
-57.28 %
(Jun 30 2022)  

Revenue TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 1
Energy Sector # 16
Overall # 362

Revenue TTM Y/Y Growth Statistics
High Average Low
70.28 %
2.14 %
-57.28 %
(Jun 30 2022)  


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 57
S&P 500 # 1127
Cumulative Revenue growth Comment
Assuming the Hess's fiscal year would have ended in Jun 30 2023, Hess would have reprted above average annual Revenue increase of 15.77% year on year, of $ 10,911 millions.
This marks a slow-down of the companys growth trends and from the 44.49% increase in Mar 31 2023. But still, Hess had highest Revenue growth, in Oil & Gas Integrated Operations industry.

Among companies within the Energy sector 15 other companies have achieved higher trailing twelve month Revenue growth. While Revenue growth total ranking has deteriorated compare to previous quarter from 565 to 1212.

Revenue TTM Q/Q Growth Statistics
High Average Low
70.28 %
2.14 %
-57.28 %
(Jun 30 2022)  


Revenue TTM Y/Y Growth Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 1
Energy Sector # 16
Overall # 362

Revenue TTM Y/Y Growth Statistics
High Average Low
70.28 %
2.14 %
-57.28 %
(Jun 30 2022)  


Revenue TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 57
S&P 500 # 1127




Other Revenue Growth
Oil & Gas Integrated Operations Industry Revenue Growth Trends and Statistics
Energy Sector Revenue Growth Statistics
Revenue Growth Trends for overall market
HES's Revenue Growth Ratio versus Oil & Gas Integrated Operations Industry, Energy Sector and total Market
Highest Ranking Revenue Growth
Lowest Ranking Revenue Growth
Revenue Growth for HES's Competitors
Revenue Growth for Hess's Suppliers
Revenue Growth for HES's Customers

You may also want to know
HES's Annual Growth Rates 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
HES's Roa HES's Inventory Turnover Ratio HES's Growth Rates HES's Dividend Comparisons



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