Hess' track record for efficiently allocating capital and generating value has been steadily improving. The company has streamlined its portfolio by jettisoning less competitive and riskier positions in Equatorial Guinea, the Danish North Sea, and Libya, and by shifting the focus to more-lucrative oil and gas assets.
The Stabroek block (Guyana), in which Hess has a 30% stake, is a huge resource, with at least 11 billion barrels of oil equivalent recoverable. It will account for 2% of global oil supply by 2030.
Liza was sanctioned at a very fortuitous point in the cost cycle, and finding and development costs have been steadily rising for follow-up developments in Guyana.
|
Metric
|
HES
|
COP
|
MRO
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.76 | 12.22 | 9.46 |
Price/Book Value | 3.93 | 2.44 | 1.32 |
Price/Sales | 3.34 | 2.20 | 2.36 |
Price/Cash Flow | 7.08 | 5.87 | 3.85 |
|
Metric
|
HES
|
COP
|
MRO
|
|---|---|---|---|
Quick Ratio | 1.11 | 1.10 | 0.50 |
Current Ratio | 1.27 | 1.33 | 0.57 |
Interest Coverage | 9.99 | 14.73 | 6.94 |
|
Metric
|
HES
|
COP
|
MRO
|
|---|---|---|---|
Return on Assets (Normalized) | 11.61% | 10.84% | 7.71% |
Return on Equity (Normalized) | 30.12% | 20.94% | 13.60% |
Return on Invested Capital (Normalized) | 16.06% | 15.95% | 10.60% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States