Hess Corporation (HES)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 7,402,000 | 8,427,000 | 5,367,000 | 1,215,000 | 4,325,000 |
| Revenue | US$ in thousands | 10,511,000 | 11,324,000 | 7,583,000 | 4,804,000 | 6,510,000 |
| Operating profit margin | 70.42% | 74.42% | 70.78% | 25.29% | 66.44% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $7,402,000K ÷ $10,511,000K
= 70.42%
Hess Corporation's operating profit margin has fluctuated over the past five years, ranging from -8.42% in 2020 to a peak of 33.97% in 2022. In 2023, the operating profit margin stood at 27.56%, indicating a decrease from the previous year but still showing a strong performance compared to the volatile trend observed in earlier years. The positive operating profit margins in recent years suggest that the company has been able to effectively control its operating expenses and generate profits from its core business activities. However, the significant variability in the operating profit margin over the years highlights the company's exposure to fluctuations in commodity prices and other external factors impacting its profitability.
Peer comparison
Dec 31, 2023