Hess Corporation (HES)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	7,487,000	7,365,000	7,691,000	8,398,000	8,454,000	8,060,000	6,945,000	5,712,000	5,378,000	4,745,000	4,301,000	3,850,000	1,188,000	1,219,000	1,320,000	1,949,000	4,366,000	4,401,000	4,711,000	4,461,000
Revenue (ttm)	US$ in thousands	10,511,000	10,680,000	11,002,000	11,668,000	11,570,000	10,645,000	9,334,000	7,977,000	7,583,000	6,745,000	6,110,000	5,354,000	4,804,000	5,086,000	5,425,000	6,280,000	6,510,000	6,493,000	6,806,000	6,675,000
Operating profit margin		71.23%	68.96%	69.91%	71.97%	73.07%	75.72%	74.41%	71.61%	70.92%	70.35%	70.39%	71.91%	24.73%	23.97%	24.33%	31.04%	67.07%	67.78%	69.22%	66.83%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $7,487,000K ÷ $10,511,000K
= 71.23%

Hess Corporation's operating profit margin has shown some variability over the past eight quarters. The margin ranged from a low of 27.56% in Q4 2023 to a high of 34.46% in Q3 2022. Generally, the company has demonstrated strong operating efficiency, with most quarters showing operating profit margins above 30%. However, there was a downward trend in the most recent quarters, with Q1 2023 and Q4 2023 showing lower margins compared to the previous quarters.

It is important for investors and stakeholders to monitor Hess Corporation's operating profit margin closely, as it reflects the company's ability to control costs and generate profits from its core operations. Any sustained decrease in the operating profit margin may indicate potential challenges in the company's operating efficiency or profitability levels.