Hess
Hess Corporation, commonly referred to as Hess, is a prominent American energy company headquartered in New York City. Founded in 1933, Hess has established itself as a key player in the oil and gas industry, with significant operations in the United States, particularly in the Bakken formation, as well as in offshore regions of South America and the North Sea. The company focuses on exploration and production, refining, and marketing of petroleum products. Hess is renowned for its commitment to sustainable practices and innovation, particularly in its exploration techniques and environmental stewardship. With a strong market position, Hess has achieved notable milestones, including advancements in technology that enhance efficiency and reduce environmental impact. As a leader in the energy sector, Hess continues to shape the future of energy with its unique approach to resource management and sustainability.
DitchCarbon Score
How does Hess's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Hess's score of 15 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hess's reported carbon emissions
In 2023, Hess Corporation reported total carbon emissions of approximately 486,869,000 kg CO2e for Scope 1 and 305,956,000 kg CO2e for Scope 2, resulting in a combined total of about 792,825,000 kg CO2e for these scopes. The company has not disclosed any specific reduction targets or initiatives as part of its climate commitments, indicating a lack of formalised strategies to reduce emissions at this time. Historically, Hess's emissions have varied, with significant figures reported in previous years. For instance, in 2022, the company emitted approximately 404,479,000 kg CO2e for Scope 1 and 286,761,000 kg CO2e for Scope 2, alongside 48,200,000 kg CO2e for Scope 3 emissions. In 2021, the emissions were about 455,332,000 kg CO2e for Scope 1 and 248,460,000 kg CO2e for Scope 2. Hess has disclosed emissions across all three scopes in various years, with Scope 3 emissions peaking at approximately 114,000,000,000 kg CO2e in 2008. However, the absence of specific reduction targets or commitments suggests that Hess may need to enhance its climate strategy to align with industry standards and expectations for sustainability.
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| 2008 | 2013 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000 | - | 000,000,000 |
| Scope 3 | 114,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Hess is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
