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Hess Corporation

Hess Corporation is a publicly listed semi integrated oil and gas company headquartered in the USA. In 2020, it had USD 4.67 billion in revenue and a reported 1775 employees in 2019*. Hess has exploration activities in North Dakota's Bakken Shale, the Gulf of Mexico and Guyana. The company demonstrates no intention to transition away from its oil and gas activities.

Ranking position
#46/100
Total score
6.2/100
Performance score
2.6/20
Narrative Score
ABCDE
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-100)

Targets

6.7 / 100 #30

Material Investment

0.1 / 100 #82

Intangible Investment

23.8 / 100 #4

Sold products

29.6 / 100 #4

Management

46.3 / 100 #28

Supplier Engagement

13.8 / 100 #32

Client Engagement

0.0 / 100 #53

Policy Engagement

20.0 / 100 #47

Business Model

0.0 / 100 #52

Leading practices

No leading practices were identified for this company.

Risks and opportunities

Trend

Hess receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Hess’ scope 1 and 2 emissions intensity is increasing, and its scope 1, 2 and 3 emissions reduction is still far below what is required by its 1.5°C pathway. With inadequate emissions reduction targets, the company is not on track to decrease its emissions intensity at a rate fast enough to align with its 1.5°C pathway. The company’s strategic and business model performance is also unlikely to improve, given that it has no significant plans for low-carbon business activities or strategic updates.

Progress towards the Paris Agreement

More about the company

Headquarters
New York, New York, New York, New York, United States of America
Group revenue
USD 4.67 billion
Ownership structure
Publicly listed
Number of employees
1,775
Scope of activity
Semi Integrated
Website
https://www.hess.com