Hess Corporation (HES)

Return on equity (ROE)

		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
Net income (ttm)	US$ in thousands	1,382,000	1,466,000	1,477,000	2,025,000	2,096,000	1,864,000	1,464,000	724,000	559,000	197,000	-161,000	-408,000	-3,093,000	-3,218,000	-3,187,000	-2,873,000	-408,000	-190,000	-20,000	-144,000
Total stockholders’ equity	US$ in thousands	8,986,000	8,631,000	8,272,000	8,133,000	7,855,000	7,559,000	7,136,000	6,308,000	6,300,000	5,609,000	5,488,000	5,616,000	5,366,000	5,916,000	6,395,000	7,200,000	8,732,000	8,908,000	9,294,000	9,342,000
ROE		15.38%	16.99%	17.86%	24.90%	26.68%	24.66%	20.52%	11.48%	8.87%	3.51%	-2.93%	-7.26%	-57.64%	-54.39%	-49.84%	-39.90%	-4.67%	-2.13%	-0.22%	-1.54%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,382,000K ÷ $8,986,000K
= 15.38%

Hess Corporation's return on equity (ROE) has shown fluctuation over the past eight quarters. The ROE ranged from a low of 11.48% in Q1 2022 to a high of 26.68% in Q4 2022. The trend indicates an overall decreasing pattern from Q4 2022 to Q4 2023. In general, ROE is a measure of a company's profitability in relation to shareholders' equity, reflecting how effectively the company is using shareholders' funds to generate profits. The decreasing trend in ROE may signify challenges in efficiently utilizing equity to generate returns for shareholders. Further analysis of the company's financial performance and operational efficiency is recommended to better understand the factors influencing the fluctuations in ROE over the specified period.