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Hess Corp
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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
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.
Insights into Hess's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofHess amounted to2,550,000metric 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 Hessdecreased 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
- 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 COâ‚‚ equivalent (tCOâ‚‚e).a
Has Hess reduced its Scope 1 emissions over time?
Since 2019, Hess's Scope 1 emissions have decreased by 48.72%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
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 tCOâ‚‚e using the market-based method and 550,000 tCOâ‚‚e 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 energya
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
- 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 COâ‚‚ equivalent (tCOâ‚‚e) 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 1of 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
- 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 COâ‚‚ equivalent (tCOâ‚‚e).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 2019, Hess's Scope 3 emissionshave decreased by 99.99%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
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 tCOâ‚‚e(100%)
Hess's Scope 3 Emissions by Categories
Insights into Hess’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hess reported Scope 1 greenhouse gas (GHG) emissions of 2,000,000 tCOâ‚‚e and total revenues of USD 12,896 millions. This translates into an emissions intensity of 155.09 tCOâ‚‚e per millions USD.a
Hess's Scope 1 Emissions Intensity Compared to Peers
How does Hess's GHG emissions intensity compare to its peers?
In 2024, Hess reported a Scope 1 emissions intensity of 155.09 tCOâ‚‚e per millions USD. Compared to the peer group median of 304.99, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Hess rank on GHG emissions intensity within its industry?
In 2024, Hess ranked 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Hess is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Hess's Total Carbon Footprint
In 2024, Hess reported a total carbon footprint of 2,553,300 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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