Home » John Hess Net Worth 2023 Age, Biography, Career, Achievement, Nationality, Height And More
Net Worth

John Hess Net Worth 2023 Age, Biography, Career, Achievement, Nationality, Height And More

In the vast world of energy and oil production, few names stand out as prominently as John B Hess, the CEO and Director of Hess Corporation. With an estimated net worth of a staggering $676 million as of January 31, 2023, Hess’s financial maneuvers and insider trading activity have become a topic of keen interest.

Who is John B Hess?

John B. Hess Jr. is not just a name on a corporate board; he’s an institution in himself. With over 40 years of deep-rooted association with the Hess Corporation, he has seen the company’s ebb and flow, steering it through thick and thin. His profound knowledge of the company’s strategy, operations, and its historic development trajectory makes him a pivotal figure in its hierarchy. Given the legacy of commitment from the Hess family to the company, John B Hess’s role is both influential and integral.

How Has John B Hess Shaped His Fortune?

Much of John’s wealth is tied to the stock market. He owns a substantial 328,947 units of Hess stock, which as of January 31, 2023, is valued at over $127,282,314. Over the past 18 years, he has liquidated HES stock worth an astounding $534,827,591. On top of this, his annual compensation as the Chief Executive Officer and Director of Hess stands at $13,493,700.

What Does Insider Trading Data Reveal About John Hess?

The SEC’s Form 4 provides a detailed glimpse into Hess’s insider trading activities. Since 2006, John has executed over 404 trades of Hess stock. His most recent trade, on January 31, 2023, involved the sale of 328,947 units, garnering him $46,401,264. Notably, his most significant transaction was the sale of 924,364 units on September 4, 2019, fetching him over $60,397,944. This data translates to an average of approximately 12,224 units traded every 7 days since 2006. As the current data suggests, he still owns at least 789,103 units of Hess stock.

How Does John B Hess’s Compensation Compare to Other Executives at Hess?

When it comes to remuneration, John stands unparalleled. Earning a salary of $13,493,700, he is the highest-paid executive at Hess, with no other executive coming close.

How Does Experience and Age Factor into John Hess’s Role?

At the age of 65, John B Hess has more than just years on his side; he has decades of unparalleled experience. Serving as the Chief Executive Officer and Director of Hess since 2013, he remains among the most seasoned executives at the company. The spectrum of ages among Hess’s executives ranges, with John not being the oldest, but undeniably the most influential.

What is the Official Communication Address for John Hess?

For official communications and dealings, John B Hess can be reached at HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036.

What Does Insider Trading at Hess Indicate?

Hess is not the only one trading. Over the last 18 years, Hess insiders have conducted trades worth over $686,387,997, while also making purchases of 702,531 units amounting to $38,660,089. The trading patterns indicate a dynamic market play by Hess executives and independent directors, averaging trades worth $2,958,242 every 7 days.

What Does Hess Corporation Do?

Beyond the numbers and trades, it’s essential to understand the core of the business. Hess Corporation stands as a significant American global entity focusing on the exploration and production of crude oil and natural gas. It also delves deep into the intricacies of gathering, compressing, and processing natural gas, solidifying its status as an energy powerhouse.

John B Hess’s financial trajectory is a testament to strategic decisions, market understanding, and a deep-rooted commitment to the Hess Corporation. His leadership, combined with the company’s robust operational strategies, makes Hess Corporation a formidable name in the energy sector. As the industry continues to evolve, eyes will remain on leaders like John B Hess and the moves they make.

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