MASHINIi

Hess Corporation.

HES.US | Extraction of crude petroleum

Hess Corporation is a global independent energy company primarily engaged in the exploration, development, production, transportation, and sale of crude oil, natural gas, and natural gas liquids. The company's operations are concentrated in the United States, particularly in the Bakken Shale and the...Show More

Ethical Profile

Mixed.

Hess Corporation's ethical profile is mixed. Hess has faced approximately $99 million in environmental penalties since 2000, and a lawsuit alleges up to $69 million in fraud. Critics, like the Amerindian People's Association, assert Hess's Guyana carbon credits deal violated FPIC principles. OSHA fined Hess $141,500 for 32 violations in 2009; a class-action lawsuit also alleges unpaid overtime. Positively, Hess committed $750 million to forest preservation in Guyana, targets net-zero Scope 1 and 2 GHG emissions by 2050 (achieving a 51% reduction since 2017), and supports a $12 million Native American apprenticeship program.

Value Scores

Better Health for All-50
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-20
-100100
Respect for Cultures & Communities-50
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

-50

Hess Corporation's core business, the exploration, development, production, transportation, and sale of crude oil, natural gas, and natural gas liquids, consists entirely of products with well-established severe and widespread negative health outcomes. This accounts for 100% of its principal goods and services and revenue. Despite this, Hess has engaged in initiatives to support healthcare. In Guyana, a national healthcare initiative co-funded by Hess aims to make world-class healthcare accessible, especially to vulnerable groups, by 2030

1
. This includes a new pathology lab at Georgetown Public Hospital Corporation, which has reduced diagnostic turnaround times for over 100,000 patients annually from three months to 3-5 days
2
. The initiative also expects nearly 900 nursing assistants to graduate by 2025 to ease nursing shortages
3
. Over 35,000 children received health screenings, with 25% referred for additional services
4
. In 2023, Hess invested approximately $41 million in social programs, including healthcare, following over $20 million in 2022
5
,
6
. During the COVID-19 pandemic in April 2020, Hess donated 'Stay Well' care packages to 12,000 healthcare workers at Memorial Hermann Health System in Houston to help minimize virus transmission risks
7
.

Fair Money & Economic Opportunity

0

Hess Corporation is an energy company and does not offer lending or deposit services, consumer credit products, or operate financial service access points. Therefore, most KPIs related to consumer financial services are not applicable, resulting in a score of 0. While Hess provides financial education resources and workshops for its employees and supports educational programs for approximately 13,000 children in 22 schools in three economically disadvantaged communities in Houston through its Learning for Life Partnership

1
, the evidence does not provide specific, measurable data on the percentage of a relevant customer population reached or documented outcomes for financial literacy programs as required by the rubric. Hess also made a $9 million financial commitment over three years to the Learning for Life Partnership
2
and invested over $20 million in social programs in 2022
3
, but these are not explicitly defined as community finance reinvestment or profit-sharing with underserved communities.

Fair Pay & Worker Respect

0

Hess Corporation reported a 16% reduction in its workforce total recordable incident rate (TRIR) and a 30% reduction in its lost time incident rate (LTIR) in 2023.

1
, with no employee or contractor fatalities.
2
The company annually benchmarks compensation programs to address inequities
3
, provides an annual incentive plan
4
, and offers a wellness program covering physical, financial, social, and emotional well-being.
5
Hess tracks employee demographic data
6
, publishes its U.S. Equal Employment Opportunity Commission EEO-1 Report
7
, and reports on diversity, equity, and inclusion metrics such as promotions and adjusted pay gaps.
8
In 2024, a former employee filed a class-action lawsuit alleging Hess failed to minimize fees in its 401(k) retirement plan.
9
Also in 2024, a court reviewed a case concerning a contractor injury at a Hess site, examining the company's potential duty of care.
10
A 2017 class-action lawsuit alleged the company failed to pay proper overtime wages to oilfield workers.
11
In 2009, OSHA fined Hess $141,500 for 32 safety violations at its Port Reading refinery.
12

Fair Trade & Ethical Sourcing

0

No specific quantitative data was provided in the articles to assess Hess Corporation against the defined KPIs for Fair Trade & Ethical Sourcing. While the company mentions having standard contract clauses for ethical practices

1
, a risk-based approach to supplier audits
2
, and a commitment to supplier diversity
3
, no percentages, frequencies, or incident numbers were available to map to the scoring rubric. For example, while 'Standard contract clauses include requirements for ethical business practices' is stated
4
, no percentage of suppliers covered by these clauses is provided. Similarly, the company prohibits child and forced labor
5
, but no number of substantiated incidents is reported.

Honest & Fair Business

0

Hess Corporation's Board of Directors consists of 12 members

1
, with 11 (91.67%) identified as independent under NYSE rules
2
. The company has implemented a global Anti-Bribery and Anti-Corruption (ABAC) Compliance Program
3
, overseen by a Global Compliance team
4
. This program includes policies and procedures aligned with laws such as the U.S. Foreign Corrupt Practices Act and U.K. Bribery Act
5
, and involves employee training
6
. Hess also evaluates suppliers on anti-bribery and legal compliance, including contract clauses and audits
7
. The company provides a hotline for anonymous reporting of concerns
8
. An independent third-party consulting firm audits approximately 80% of Hess's total proved reserves each year
9
. Recent financial filings indicate no restatements related to error corrections
10
.

Kind to Animals

0

Hess Corporation is an energy company, and its core operations do not involve animal-derived products, animal testing, animal agriculture, or the sourcing of animal products. While the company invests in environmental initiatives like the Salk Institute’s Harnessing Plants Initiative ($50 million)

1
and forest preservation in Guyana (minimum $750 million),
2
these efforts are described as indirectly supporting wildlife habitats and biodiversity. However, the provided articles do not offer specific, measurable biodiversity impact metrics or the company's annual revenue to calculate the percentage of investment, which are required for scoring the 'wildlife_conservation_impact' KPI. Consequently, no KPIs under the 'Kind to Animals' value can be scored based on the provided evidence.

No War, No Weapons

0

No specific, quantifiable evidence was found in the provided articles to assess Hess Corporation against the defined KPIs for the 'No War, No Weapons' ethical value. While the company engaged in contracts with the U.S. Department of Defense to supply energy resources, the percentage of company revenue derived from these contracts was not disclosed, preventing a score for that KPI.

1
Information regarding other ethical considerations, such as dual-use technology, sales to embargoed regimes, or peacebuilding investments, was not available.
2

Planet-Friendly Business

-20

Hess Corporation achieved the highest Level 5 rating in the Transition Pathway Initiative's 2024 Management Quality assessment, reflecting strong alignment with TCFD recommendations.

1
The company incurred one environmental violation in 2014, resulting in a $23,359 penalty from the EPA under the Clean Air Act.
2
Hess has committed to purchasing high-quality, independently verified REDD+ carbon credits for a minimum of $750 million between 2022 and 2032, with 15% of the proceeds directed to Indigenous communities.
3

Respect for Cultures & Communities

-50

Hess Corporation's carbon credits deal with Guyana faced a formal complaint from the Amerindian People's Association (APA), asserting that the REDD+ credit issuance violated the Free, Prior, and Informed Consent (FPIC) principle due to a lack of consultation.

1
The company has engaged in six formal partnership agreements, including with the North Dakota Tribal College System, Halliburton, Nabors Industries, Duke Corporate Education, ExxonMobil, and CNOOC.
2
,
3
,
4

Safe & Smart Tech

10

Hess Corporation emphasizes responsible AI practices, addressing bias in algorithms and adhering to ethical guidelines. The company provides mandatory quarterly cybersecurity awareness and compliance training for all employees. Users have choices to opt-out of marketing emails/texts, can request to access, correct, update, suppress, restrict, or delete personal data, and can opt out of certain tracking technologies. Hess uses external service providers to assess, test, or assist with aspects of its security controls. The company states it meets legal, regulatory, and compliance obligations.

Zero Waste & Sustainable Products

0

The provided articles do not contain specific, concrete data points for any of the KPIs under the 'Zero Waste & Sustainable Products' value. While the company is recognized for general ESG performance

1
and has initiatives for greenhouse gas emissions reduction and nature-based solutions, Article 1 explicitly states that 'specific actions directly addressing zero waste and sustainable products are not prominently featured'
2
and 'specific actions directly related to zero waste practices and sustainable product development are not detailed in the available sources.'
3

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.