Hess Sustainability Profile
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 36 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Hess's reported carbon emissions
In 2023, Hess Corporation reported total greenhouse gas (GHG) emissions of approximately 48,686,900 kg CO2e for Scope 1 and 30,595,600 kg CO2e for Scope 2 (location-based). The company also disclosed significant Scope 3 emissions, totalling about 55,100,000,000 kg CO2e, primarily from the use of sold products (53,300,000,000 kg CO2e). Hess has set ambitious climate commitments, aiming to achieve net zero GHG emissions for Scope 1 and 2 on an equity basis by 2050. This long-term target reflects the company's commitment to align with the Paris Agreement's goals. Additionally, Hess aims to reduce the GHG emissions intensity of its operated assets to 17 kg CO2e per barrel of oil equivalent (BOE) by 2025, down from a baseline of 30 kg CO2e per BOE established in 2017, representing a 44% reduction. The emissions data for Hess is cascaded from its parent company, Hess Corporation, which provides a comprehensive overview of the company's climate impact and commitments. The company is actively working towards reducing its carbon footprint while supporting broader industry initiatives for sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2008 | 2012 | 2013 | 2014 | 2015 | 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 | 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 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000 | - | - |
| Scope 3 | 114,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Hess's Industry?
How Carbon Intensive is Hess's Location?
Hess's Scope 3 Categories Breakdown
Hess's Scope 3 emissions, which increased by 14% last year and decreased by approximately 52% since 2008, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 97% of Scope 3 emissions.
Top Scope 3 Categories
Hess's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hess has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
