Hess Corp

Common Name
Hess
Country
United States
Sector
Energy
Industry
Oil & Gas E&P
Employees
1,797
Ticker
HES
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Hess Corporation is an integrated global energy company engaged primarily in the exploration, development, production, and transportation of crude oil and natural gas. With a strong emphasis on global...

Hess's Climate Target Data Preview

As of 2024, Hess has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 intensity-based targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Hess ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CH4 (mtCH4) per Metric Tonne (mt) of Natural Gas Sold
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2025
Intensity-based Target*
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced
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2025
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Hess's Greenhouse Gas Emissions Pathways

As of 2024, Hess has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Hess have a target to reduce the emissions from its operations?

As of 2024, Hess has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Hess's most ambitious operational target is to reduce these emissions by 55.81% by 2025, compared to a baseline of 0.004 Metric Tonnes of CH4 (mtCH4) per Metric Tonne (mt) of Natural Gas Sold in 2017.

Hess has already surpassed its operational emissions reduction target, with 2024 levels falling below the 2025 value, achieving its climate goal ahead of schedule.

Hess's Operational (Scope 1+2) Emissions Pathway

20172024202500000.01BaselineCurrent (-77%)Target 2025 (-56%)
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