About the company
Hess Corporation, a leading independent oil and gas producer, has a significant presence in some of the world's most promising exploration and production regions. With key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia, the company has established a solid foundation for growth and profitability. The Bakken Shale, located primarily in North Dakota, is one of the largest unconventional oil fields in the United States. Hess holds a substantial acreage position in this prolific region, enabling the company to tap into its vast reserves. The Bakken Shale is known for its high-quality light crude oil, which fetches a premium price in the market. In recent years, Hess has also made substantial investments in Guyana, a country in South America, where a significant oil discovery has been made offshore. The Stabroek Block, operated by ExxonMobil, is estimated to hold billions of barrels of oil reserves. Hess is a partner in this transformative project and expects to see a substantial increase in production in the coming years. Furthermore, Hess has a successful track record in the Gulf of Mexico, a mature and prolific region for offshore oil and gas production. The company operates in various deepwater fields, leveraging its technical expertise and operational capabilities to maximize production and reserves. Southeast Asia is another strategic focus area for Hess, with assets in countries like Malaysia and Thailand. These regions offer attractive opportunities for exploration and production, with untapped potential still to be realized. Hess aims to harness the resources and capitalize on the growing energy demand in the region. As of the end of 2022, Hess reported net proved reserves of 1.3 billion barrels of oil equivalent (BOE). This figure represents the estimated amount of oil and gas reserves that can be recovered with reasonable certainty, based on current technology and economic conditions. These reserves form the cornerstone of the company's future production and revenue streams. In 2022, Hess's net production averaged 344 thousand BOE per day. This production comprised primarily of oil and natural gas liquids (72%) and natural gas (28%). The company's focus on higher-margin liquids, including crude oil, allows for greater profitability and resilience in fluctuating market conditions. Moving forward, Hess continues to prioritize capital discipline, operational efficiency, and technological innovation to unlock and develop its vast resource base. The company is dedicated to maximizing shareholder value, pursuing sustainable growth, and embracing environmental stewardship. With its diverse portfolio of assets and a proven track record, Hess is well-positioned to navigate the evolving energy landscape and deliver long-term value to its stakeholders.
Website: https://www.hess.com
Data updated: June 2, 2026
