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 GHG Emissions Data Preview

In 2024, Hess completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Hess has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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a
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a
0000000
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Verified Sources Behind Hess’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hess’s data sources below and access millions more through our Disclosure Search.

a. Hess's Sustainability Data Spreadsheet 2024
a. Hess's Sustainability Data Spreadsheet 2024
b. Hess's Sustainability Report 2020
b. Hess's Sustainability Report 2020

Insights into Hess's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Hess amounted to 2,550,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Hess decreased by 2.07%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Hess's Scope 1 Emissions Over Time

201820192020202120222023202401 M2 M3 M4 MtCO2e+8%-20%-22%-9%-4%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Hess's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Hess were 2,000,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Hess reduced its Scope 1 emissions over time?

Since 2018, Hess's Scope 1 emissions have decreased by 44.44%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Hess's Scope 1 emissions decreased by 6.54%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Hess's Scope 2 emissions?

In 2024, Hess reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 550,000 tCO₂e using the location-based method. a

Has Hess reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Hess's Scope 2 emissions (Location-Based) rose by 18.53% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Hess use for Scope 2 reporting?

In 2024, Hess reported its Scope 2 emissions using the market-based method and using the location-based method. a

Hess's Scope 2 Emissions Over Time

20182019202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Hess's Value Chain Emissions

In 2024, Hess reported 3,300 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Hess includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Hess's Scope 3 Emissions Over Time

2018201920202021202220232024015 M30 M45 M60 MtCO2e+13%-100%-57%+367%+64%+43%
  • Total Scope 3
  • Year-over-Year Change

What are Hess's Scope 3 emissions?

In 2024, Hess reported total Scope 3 emissions of 3,300 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Hess reduced its Scope 3 emissions over time?

Since 2018, Hess's Scope 3 emissions have decreased by 99.99%, reflecting a declining long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Hess's Scope 3 emissions increased by 43.48%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Hess disclose?

In 2024, Hess reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Hess's Scope 3 emissions?

In 2024, the largest contributors to Hess's Scope 3 emissions were: a

  • Business Travel (Cat. 6): 3,300 tCO₂e (100%)

Hess's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Hess's Total Carbon Footprint

In 2024, Hess reported a total carbon footprint of 2,553,300 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.03% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Hess's total carbon footprint was Scope 1 emissions, accounting for 78.33% of the company's total carbon footprint, followed by Scope 2 emissions at 21.54%. a

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