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 %

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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															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 %

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 %

Comparable Companies

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.