Hess Corporation (HES)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,382,000	2,096,000	559,000	-3,093,000	-408,000
Revenue	US$ in thousands	10,511,000	11,324,000	7,583,000	4,804,000	6,510,000
Net profit margin		13.15%	18.51%	7.37%	-64.38%	-6.27%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,382,000K ÷ $10,511,000K
= 13.15%

Hess Corporation's net profit margin has varied significantly in the past five years. In 2023, the company's net profit margin stands at 13.15%, showing a decrease from the previous year's margin of 18.51%. However, the margin is still higher compared to 2021 when it was 7.48%. The most significant improvement can be seen from 2020, where the company reported a negative net profit margin of -66.27%, which may have been due to specific one-time charges or extraordinary events impacting profitability. Similarly, in 2019, the company had a negative net profit margin of -6.34%, indicating continued challenges in generating profits. Overall, Hess Corporation's recent performance suggests a trend of improving profitability, although fluctuations in net profit margin over the years indicate the company's vulnerability to external factors and the need for ongoing financial management strategies.