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 14 is higher than 58% 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 reported total carbon emissions of approximately 792,825,000 kg CO2e, comprising 486,869,000 kg CO2e from Scope 1 and 305,956,000 kg CO2e from Scope 2. The company has not disclosed any specific reduction targets or initiatives, indicating a lack of formal commitments to reduce emissions at this time. In previous years, Hess's emissions have varied significantly. For instance, in 2022, the company emitted about 691,240,000 kg CO2e, with Scope 1 emissions at 404,479,000 kg CO2e and Scope 2 emissions at 286,761,000 kg CO2e. In 2021, total emissions were approximately 703,792,000 kg CO2e, with Scope 1 emissions of 455,332,000 kg CO2e. Hess's emissions profile shows a substantial reliance on Scope 3 emissions, which accounted for about 114,000,000,000 kg CO2e in 2008, highlighting the importance of addressing indirect emissions in their overall climate strategy. However, without specific reduction targets or commitments, the company's long-term climate strategy remains unclear.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to some 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.
