Analysis of Geographic Areas
Hess Corp. operates in 4 regions: United States; Guyana; Malaysia and JDA; and Other.
Area Asset Turnover
Hess Corp., asset turnover by geographic area
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| United States | 0.73 | 0.55 | 0.35 | 0.41 | — |
| Guyana | 0.65 | 0.25 | 0.17 | 0.00 | — |
| Malaysia and JDA | 0.82 | 0.71 | 0.48 | 0.40 | — |
| Other | 13.07 | 1.71 | 0.37 | 0.56 | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
| Guyana | Guyana area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. | |
| Malaysia and JDA | Malaysia and JDA area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. | |
| Other | Other area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: United States
Hess Corp.; United States; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 7,214) | 5,378) | 3,604) | 5,043) | —) |
| Property, plant and equipment, net | 9,937) | 9,721) | 10,384) | 12,182) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.73 | 0.55 | 0.35 | 0.41 | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 7,214 ÷ 9,937 = 0.73
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Guyana
Hess Corp.; Guyana; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 2,636) | 754) | 350) | —) | —) |
| Property, plant and equipment, net | 4,042) | 3,064) | 2,114) | 1,507) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.65 | 0.25 | 0.17 | 0.00 | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 2,636 ÷ 4,042 = 0.65
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Guyana | Guyana area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Malaysia and JDA
Hess Corp.; Malaysia and JDA; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 873) | 738) | 511) | 762) | —) |
| Property, plant and equipment, net | 1,065) | 1,035) | 1,067) | 1,890) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.82 | 0.71 | 0.48 | 0.40 | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 873 ÷ 1,065 = 0.82
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Malaysia and JDA | Malaysia and JDA area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Area Asset Turnover: Other
Hess Corp.; Other; area asset turnover calculation
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 601) | 603) | 202) | 690) | —) |
| Property, plant and equipment, net | 46) | 352) | 539) | 1,223) | —) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 13.07 | 1.71 | 0.37 | 0.56 | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Area asset turnover = Sales and other operating revenues ÷ Property, plant and equipment, net
= 601 ÷ 46 = 13.07
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Sales and other operating revenues
Hess Corp., sales and other operating revenues by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| United States | 7,214) | 5,378) | 3,604) | 5,043) | —) |
| Guyana | 2,636) | 754) | 350) | —) | —) |
| Malaysia and JDA | 873) | 738) | 511) | 762) | —) |
| Other | 601) | 603) | 202) | 690) | —) |
| Total | 11,324) | 7,473) | 4,667) | 6,495) | —) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
Property, plant and equipment, net
Hess Corp., property, plant and equipment, net by geographic area
US$ in millions
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
|---|---|---|---|---|---|
| United States | 9,937) | 9,721) | 10,384) | 12,182) | —) |
| Guyana | 4,042) | 3,064) | 2,114) | 1,507) | —) |
| Malaysia and JDA | 1,065) | 1,035) | 1,067) | 1,890) | —) |
| Other | 46) | 352) | 539) | 1,223) | —) |
| Corporate, Interest and other | 8) | 10) | 11) | 12) | —) |
| Total | 15,098) | 14,182) | 14,115) | 16,814) | —) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).