Hess Corporation
1.8 %
-10.31 %
Yet to be announced
Company Overview
Hess Corporation explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. As of December 31, 2021, it had total proved reserves of 1,309 million barrels of oil equivalent. The company was incorporated in 1920 and is headquartered in New York, New York.
Revenue Sources
PassBased on the company's financial statements and business operations, Hess Corporation derives its revenue primarily from oil and gas exploration and production activities. These core business activities are halal as they involve the extraction and sale of natural resources. There is no evidence of revenue from prohibited sources such as alcohol, gambling, or interest-based financial services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Dec. 31, 2024 | $3.19b | $1.99b | - | - | 0.00% | 0.00% |
| Sept. 30, 2024 | $3.19b | $2.33b | - | $100.0m | 0.00% | 4.29% |
| June 30, 2024 | $3.2b | $2.11b | - | - | 0.00% | 0.00% |
| March 31, 2024 | $3.31b | $1.93b | - | - | 0.00% | 0.00% |
Analyzing the last four quarters of financial data, interest expense was only reported in Q3 2024 at $100 million, with no interest income reported in any quarter. The interest expense to total expense ratio for Q3 2024 was well below the 5% threshold that would indicate material reliance on interest. The other quarters showed no interest expenses.
Operational Ethics
PassAfter reviewing public records, SEC filings, and company documentation, there is no evidence of current material associations with entities involved in human rights violations. The company's operations are primarily focused in North America, Guyana, and Southeast Asia, with no significant presence or ongoing projects in Israel or direct ties to the Chinese Communist Party.
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