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This stock no longer trades (delisted July 18, 2025)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Stock

Hess Corporation

HES
69
Oil & Gas Exploration & Production · Energy
Price
$148.97
+0.00 (+0.00%)
Market Cap
$46.07B
Exchange
New York Stock Exchange
Winston Score
69
Historical score — this stock no longer trades, so the score is frozen at the last available data.
Data as of Oct 18, 2026 · filings through Mar 31, 2025

§How the score breaks down

Quality
Strong
25/30
Growth
Good
10/20
Cash Flow
Strong
8/10
Stability
Strong
7/10
Valuation
Strong
8/10
Ownership
Good
8/15
Dividends
Good
3/5

69 of 100 counted points = Winston Score 69.

Share count rising — dilution

+1.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 304.8M (2020) → 308.3M (2024)

§Winston Score History

The full picture

Hess Corporation is an oil and gas company that finds, drills for, and produces crude oil and natural gas. It operates in several locations, including the Bakken shale formation in North Dakota and a major offshore development in Guyana, South America. Hess is one of the key partners in Guyana's Stabroek block, which holds billions of barrels of discovered oil resources.

The company makes money by selling the oil and natural gas it produces to refiners, traders, and other energy buyers. Hess operates primarily in the United States, Guyana, Malaysia, and the Gulf of Mexico. Its position in Guyana gives it access to one of the largest oil discoveries of the past decade, providing a significant long-term growth asset. Chevron announced a deal to acquire Hess, though the transaction has faced legal challenges related to partner preemptive rights, making the outcome of that merger a key factor for the company's future.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+19.7% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-42.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

5.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$1.3B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Hess Corporation is a rare growth stock that's already generating positive cash flow while growing at 20%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
56.6%
Premium pricing power — 56.6% gross margin
Profit after running costs
Operating Margin
21.4%
Excellent — 21.4% operating margin
Return on the money invested
ROCE
23.0%
Exceptional — 23.0% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+18.9%
Fast-growing sales (+18.9% YoY)
Profit growth
EPS YoY
+16.9%
Earnings growing fast (+16.9% YoY)

Healthy double-digit earnings growth — what compounders look like.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
275%
Turns 275% of profit into real cash
Spare cash per sale
FCF Margin
8.3%
Modest free cash flow (8.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.82
Moderate — manageable debt (0.82)
Covers its interest
Interest Cover
12.36x
Comfortably covers interest (12.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
19.4x
Fair value — P/E 19.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+8.1
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (19.4 → 11.4)

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Dividends

Dividend
Dividend Yield
1.34%
Small dividend — 1.34% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+14.3%
Dividend growing fast (14.3% YoY)
Payout Ratio
21%
no trend
Pays out a modest share of profit and keeps the rest to reinvest. Room to keep paying through a weak year.

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