Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.
Hess's Capital Expenditure for the
three
months ended in Mar. 2024 was $-957.00 Mil. Its Revenue for the
three
months ended in Mar. 2024 was $3,309.00 Mil.
Hence, Hess's Capex-to-Revenue for the
three
months ended in Mar. 2024 was 0.29.
Hess Capex-to-Revenue Historical Data
The historical data trend for Hess's Capex-to-Revenue 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.
For the Oil & Gas E&P subindustry, Hess's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hess's Capex-to-Revenue Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hess's Capex-to-Revenue distribution charts can be found below:
* The bar in red indicates where Hess's Capex-to-Revenue falls into.
Hess Capex-to-Revenue Calculation
Hess's Capex-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (NYSE:HES) Capex-to-Revenue Explanation
Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.
Hess Capex-to-Revenue Related Terms
Thank you for viewing the detailed overview of Hess's Capex-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
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 2022, the company reported net proved reserves of 1.3 billion barrels of oil equivalent. Net production averaged 344 thousand barrels of oil equivalent per day in 2022, at a ratio of 72% oil and natural gas liquids and 28% natural gas.
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