• Hess average pre-tax profit margin for 2023 was 24.14%, a 19.37% increase from 2022.
• Hess average pre-tax profit margin for 2022 was 29.94%, a 94.16% decline from 2021.
• Hess average pre-tax profit margin for 2021 was 15.42%, a 126.79% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.