- Potential substantive impact from North Dakota gas capture regulations.
- Potential fall in North American ESG rankings impacting cost and access to future capital.
- Uncertainty related to the legal durability of US EPA & BLM regulations to control methane emissions and waste.
- Increased costs related to preparedness and recovery of affected operations due to increased severity of extreme weather events.
Hess Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hess Corporation disclosed greenhouse gas emissions of 55.1 million tonnes CO2e in 2023 (Scope 3). By scope: Scope 1: 2.1M tCO2e/year; Scope 2: 464.3K tCO2e/year (location-based) 0 tCO2e/year (market-based); Scope 3: 55.3M tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
55.1 million tonnes CO2e in 2023 (Scope 3)
2023
Renewable Energy
100% of purchased electricity in 2023
of total energy
Water Usage
74.5 million barrels in 2023 (North Dakota)
2023
Energy Use
8.4M MWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.1M tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 464.3K tCO2e/year (location-based) 0 tCO2e/year (market-based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 55.3M tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 55.1 million tonnes CO2e in 2023 (Scope 3) |
| 2022 | 2.7 million tonnes CO2e (operated) |
| 2021 | 2.9 Million tonnes CO2e (operated, market based, excluding Denmark) |
| 2020 | 3.7 million tonnes of gross GHG emissions |
| 2019 | 4.3 million tonnes of CO2e (equity) |
| 2018 | 3.9 million tonnes CO2e (equity) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced operated flaring in North Dakota from 68 MMSCFD to 20 MMSCFD and eliminated 1.6 million tonnes of annual CO2e emissions between 2019 and 2023.
- Achieved a methane intensity reduction rate of 0.13% in 2023, below the 2025 target of 0.19%.
- Purchased 1,088,721 RECs to offset 100% of Scope 2 emissions from purchased electricity in 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions intensity of operated assets by 50% to 17 kg CO2e per BOE by year-end 2025.
- Reduce methane emissions intensity of operated assets to 0.19% by year-end 2025.
- Achieve zero routine flaring at all operated assets by year-end 2025.
📅 Medium-term
- Achieve net zero Scope 1 and 2 GHG emissions on an equity basis by 2050.
🔭 Long-term
- Achieve net zero Scope 1 and 2 GHG emissions on an equity basis by 2050.
🌱 ESG Focus Areas
Climate ChangeBiodiversityGovernance