Headquartered in New York, Hess is a leading oil and natural gas exploration and production company. The upstream energy player primarily operates in the prolific offshore Guyana resources. The company’s operations are also spread across key resources like the U.S. Gulf of Mexico, and offshore Suriname and Canada.

Hess has achieved numerous world-class oil findings in the Stabroek Block, situated off the coast of Guyana. These discoveries account for more than 11 billion Boe in gross recoverable resources within the block. In addition to enhancing the company's production prospects and subsequently leading to improved profit margins, Guyana's advantageous growth projects exhibit lower greenhouse gas emissions than the majority of oil and gas-producing resources worldwide.

In offshore Guyana resources, Hess has 30% operating interests and is planning for six floating production, storage and offloading vessels (FPSO). This can make its aggregate expected production capacity of more than 1.2 million gross barrels of oil per day from the key resources by 2027-end.

In addition to its offshore resources, the firm has a strong presence in onshore plays, including the prolific North Dakota Bakken shale play, where it holds numerous premium untapped drilling locations.

The company also has a footprint in the midstream business through its roughly 38% consolidated ownership interest in Hess Midstream LP. Through this business, the company generates stable fee-based revenues. The midstream operations comprise gathering, compressing and processing natural gas and fractionating natural gas liquids.

Thus, Hess primarily conducts its operations through two segments — Exploration and Production and Midstream. With almost 67% of its profits being generated from upstream operations, it is worth noting that in 2023, the company produced 394 barrels of oil equivalent, of which crude oil and natural gas liquids combined contributed to almost 75% of total production.