• Hess average return on tangible equity for 2023 was 19.13, a 12.41% increase from 2022.
• Hess average return on tangible equity for 2022 was 21.84, a 2563.41% decline from 2021.
• Hess average return on tangible equity for 2021 was 0.82, a 102.11% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.