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Hess (WBO:HES) Tax Rate % : 31.03% (As of Dec. 2024)


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What is Hess Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hess's Tax Expense for the three months ended in Dec. 2024 was €275 Mil. Hess's Pre-Tax Income for the three months ended in Dec. 2024 was €886 Mil. Therefore, Hess's Tax Rate % for the quarter that ended in Dec. 2024 was 31.03%.

Hess Tax Rate % Historical Data

The historical data trend for Hess's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hess Tax Rate % Chart

Hess Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 40.27 30.99 29.66 27.61

Hess Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.57 24.59 25.81 31.25 31.03

Hess Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Hess's Tax Rate % for the fiscal year that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2024 )/Pre-Tax Income (A: Dec. 2024 )
=1147.91/4158.07
=27.61 %

Hess's Tax Rate % for the quarter that ended in Dec. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Dec. 2024 )/Pre-Tax Income (Q: Dec. 2024 )
=275.04/886.24
=31.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hess Tax Rate % Related Terms

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Hess Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hess Corp (WBO:HES) » Definitions » Tax Rate %
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Traded in Other Exchanges
HES:USA HES:Mexico 0J50:UK AHC:Germany AHC:Germany
Address
1185 Avenue of the Americas, New York, NY, USA, 10036
Website
https://www.hess.com
Hess is an independent oil and gas producer with key assets in the Bakken Shale, Guyana, the Gulf of Mexico, and Southeast Asia. At the end of 2024, the company reported net proved reserves of 1.44 billion barrels of oil equivalent. Net production averaged 481 thousand barrels of oil equivalent per day in 2024, at a ratio of 79% oil and natural gas liquids and 21% natural gas.