Hess (HES) Dry Hole Expense (USD Mil) : 50.00 (As of Dec. 2023)

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What is Hess Dry Hole Expense (USD Mil)?

Hess's Dry Hole Expense (USD Mil) for the quarter that ended in Dec. 2023 was 50.00

Hess's Dry Hole Expense (USD Mil) for the annual that ended in Dec. 2023 was 147.00 , which higher from pervious year (Dec. 2022)'s result by 162.50%.

The historical rank and industry rank for Hess's Dry Hole Expense (USD Mil) or its related term are showing as below:

HES's Dry Hole Expense (USD Mil) is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Dry Hole Expense (USD Mil) only.

Hess Dry Hole Expense (USD Mil) Historical Data

The historical data trend for Hess's Dry Hole Expense (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hess Dry Hole Expense (USD Mil) Chart

Hess Annual Data

Trend

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Dec23

Dry Hole Expense (USD Mil)

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Exploration Expense (USD Mil)

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HessQuarterly Data

Trend

Mar19

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Dry Hole Expense (USD Mil)

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Exploration Expense (USD Mil)

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Competitive Comparison of Hess's Dry Hole Expense (USD Mil)

For the Oil & Gas E&P subindustry, Hess's Dry Hole Expense (USD Mil), along with its competitors' market caps and Dry Hole Expense (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hess (NYSE:HES) Dry Hole Expense (USD Mil) Explanation

Dry Hole Expense (USD Mil) means the cost incurred to drill an exploratory or developmental well that was found to be incapable of producing sufficient oil or gas to justify completion as an oil or gas well. It includes all costs including drilling the well and testing for the presence of hydrocarbons,as well as the costs for leasing land, seismic purchase and reprocessing.

Hess Dry Hole Expense (USD Mil) Related Terms

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Hess (HES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hess Corp (NYSE:HES) » Definitions » Dry Hole Expense (USD Mil)

Comparable Companies

Traded in Other Exchanges

AHC:Germany AHC:Germany HES:Austria

Address

1185 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.hess.com

Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 344 thousand barrels of oil equivalent per day in 2022, at a ratio of 72% oil and natural gas liquids and 28% natural gas.

Executives

Barbara J Lowery-yilmaz	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Andrew P Slentz	officer: Senior Vice President	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Gregory P. Hill	officer: Executive Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John P Rielly	officer: Senior Vice President	1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Richard D. Lynch	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Timothy B. Goodell	director, officer: Executive Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Geurt G Schoonman	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
John B Hess	director, 10 percent owner, officer: Chairman of the Board and CEO	C/O HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Lisa Glatch	director	EVOQUA WATER TECHNOLOGIES CORP., 210 SIXTH AVENUE, PITTSBURGH PA 15222
Raymond J Mcguire	director	5 GIRALDA FARMS, MADISON NJ 07940
Marc S Lipschultz	director	C/O BLUE OWL CAPITAL INC., 399 PARK AVENUE, 37TH FLOOR, NEW YORK NY 10022
Karyn F. Ovelmen	director	STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Michael R Turner	officer: Senior Vice President	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Terrence J. Checki	director	HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Edith E Holiday	director	FRANKLIN RESOURCES INC, 901 MARINERS ISLAND BLVD 6TH FL, SAN MATEO CA 94404