Hess Guyana Exploration Limited — Guyana Branch
Statement of Changes in Equity from 2018 to 2024
Stacked area chart showing Capital Contributions and Accumulated Profit/(Deficit) evolution (2018-2024)
HESS Capital Accumulation 2018 to 2024
Accumulated Profit/(Deficit)
Key Observations & Strategic Insights
- 2018-2020: Initial deficit period with accumulated losses totaling ~$173M, requiring substantial capital injections
- 2021 Turning Point: First profitable year with $201M in accumulated profits, marking operational breakeven
- 2022-2024 Profit Surge: Explosive profit growth from $201M to $6.77B, demonstrating successful oil production ramp-up
- Capital Optimization (2022-2024): Significant capital distributions to head office ($4.7B total) while maintaining strong equity base
- 2024 Efficiency: Remarkable profit generation of $3.1B with minimal capital base of $304M, indicating exceptional ROI
- Total Return: From $660M total equity (2018) to $7.07B (2024) represents 972% growth over 6 years
Note: All amounts expressed in USD millions. Exchange rate of 208.5 GYD/USD used up to end of 2023.
Data shows the transformation from exploration phase to major oil production profitability.