Hess Corporation — Federal Contractor Profile
HESS CORPORATION: $396.7M in Federal Contracts with Limited Recent Activity
Contractor Overview
Total Contract Value: $396,733,995 ($396.7M)
Total Awards: 14
Company Profile
HESS CORPORATION is a major player in the energy sector, specializing in oil and gas exploration, production, and marketing. The company's core capabilities include drilling, reservoir management, and refining. HESS has a diverse portfolio of government contracts, primarily focused on energy-related services and support. However, the lack of specific agency clients and recent contracts indicates a potentially limited presence in the federal market. The company's average contract size of $28,338,143 suggests significant scale in government business, but the absence of competitive or sole-source patterns raises questions about the nature of these contracts. HESS's track record includes notable projects, such as energy supply and support services, but the absence of recent contracts and detailed agency relationships makes it challenging to assess their current performance and strategic direction. HESS's business strategy appears to be centered on leveraging its energy expertise to secure government contracts, but the lack of competitive bidding and recent activity may indicate a need to expand its federal market presence.
Specializations
- Oil and gas exploration
- Drilling services
- Reservoir management
- Refining
- Energy supply and support services
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% competitive, 0% sole-source
Agency Concentration: N/A
Growth Trajectory: N/A
Sole Source Rate: 0%
Recompete Rate: N/A
Competitive Position
HESS CORPORATION is a well-established player in the energy sector, known for its expertise in oil and gas exploration and production. However, in the federal market, the company's limited recent activity and lack of competitive or sole-source contracts suggest that it may not be a dominant player. The absence of detailed agency relationships and recent contracts makes it difficult to assess their competitive position, but their size and expertise in the energy sector indicate potential for growth and expansion into the federal market.
Value to Taxpayers
HESS CORPORATION's government contracts primarily involve energy-related services, which are essential for national security and economic stability. The company's average contract size of $28,338,143 suggests significant scale, but the lack of competitive bidding and recent activity raises questions about the value for taxpayer money. While HESS's expertise in energy services is valuable, the absence of detailed performance metrics and recent contracts makes it challenging to assess their overall value to taxpayers.
Agency Relationships
HESS CORPORATION's lack of specific agency clients and recent contracts indicates a potentially limited presence in the federal market. Without detailed agency relationships, it is difficult to assess the dependency risks or concentration concerns. However, the company's expertise in energy services suggests that it may be relied upon by agencies with energy needs, but the absence of recent activity and detailed contracts makes it challenging to determine the extent of this reliance.
Red Flags
- Lack of recent contracts: The absence of recent contracts indicates a potential need for the company to expand its federal market presence.
- No competitive or sole-source patterns: The company's contracts are neither competitive nor sole-source, which may indicate a lack of competition and potential for higher costs.
- Limited agency client information: The lack of specific agency clients and recent contracts makes it difficult to assess the company's dependency on any particular agency.
Green Flags
- Diverse portfolio: HESS CORPORATION's expertise in oil and gas exploration, drilling, and energy supply and support services suggests a diverse portfolio that can cater to various federal needs.
- Expertise in energy services: The company's core capabilities in energy-related services are valuable for national security and economic stability.
- Potential for growth: The company's size and expertise in the energy sector indicate potential for growth and expansion into the federal market.
Key Contracts
HESS CORPORATION's government contracts primarily involve energy-related services, such as energy supply and support. While the company has a diverse portfolio, the lack of recent contracts and detailed agency relationships makes it challenging to assess the significance of these contracts. Notable projects include energy supply and support services, which are essential for national security and economic stability. However, the absence of competitive bidding and recent activity raises questions about the company's performance and strategic direction. The company's expertise in energy services suggests potential for growth and expansion into the federal market, but the lack of detailed performance metrics and recent contracts makes it difficult to fully assess their capabilities and strategic direction.
Frequently Asked Questions
What does HESS CORPORATION do for the federal government?
HESS CORPORATION specializes in oil and gas exploration, production, and marketing. Their government contracts primarily involve energy-related services, such as energy supply and support. The company's core capabilities include drilling, reservoir management, and refining. Their services are essential for national security and economic stability, but the lack of recent contracts and detailed agency relationships makes it challenging to assess their current role in the federal market.
How much taxpayer money does HESS CORPORATION receive?
HESS CORPORATION has received $396.7 million in federal contracts, with an average contract size of $28,338,143. However, the lack of recent contracts and detailed agency relationships makes it difficult to assess the current level of federal spending on the company. The company's expertise in energy services suggests potential for growth and expansion into the federal market, but the absence of competitive bidding and recent activity raises questions about the value for taxpayer money.
Is HESS CORPORATION good value for taxpayer money?
HESS CORPORATION's government contracts primarily involve energy-related services, which are essential for national security and economic stability. The company's average contract size of $28,338,143 suggests significant scale, but the lack of competitive bidding and recent activity raises questions about the value for taxpayer money. While HESS's expertise in energy services is valuable, the absence of detailed performance metrics and recent contracts makes it challenging to assess their overall value to taxpayers.
How does HESS CORPORATION win its contracts?
HESS CORPORATION's contracts are neither competitive nor sole-source, which may indicate a lack of competition and potential for higher costs. The company's expertise in energy services suggests that it may be relied upon by agencies with energy needs, but the absence of recent activity and detailed contracts makes it difficult to determine the exact methods used to win these contracts. The lack of competitive bidding and recent activity raises questions about the company's competitive position in the federal market.
What agencies use HESS CORPORATION most?
HESS CORPORATION's lack of specific agency clients and recent contracts indicates a potentially limited presence in the federal market. Without detailed agency relationships, it is difficult to assess the extent of reliance on any particular agency. However, the company's expertise in energy services suggests that it may be relied upon by agencies with energy needs, but the absence of recent activity and detailed contracts makes it challenging to determine the extent of this reliance.
What are the risks of relying on HESS CORPORATION?
The lack of recent contracts and detailed agency relationships makes it difficult to assess the risks of relying on HESS CORPORATION. However, the absence of competitive bidding and recent activity raises questions about the company's performance and strategic direction. The company's expertise in energy services suggests potential for growth and expansion into the federal market, but the lack of detailed performance metrics and recent contracts makes it difficult to fully assess their capabilities and strategic direction. The company's limited presence in the federal market and lack of recent activity may indicate a need for the company to expand its federal market presence.
How does HESS CORPORATION compare to similar contractors?
HESS CORPORATION is a well-established player in the energy sector, known for its expertise in oil and gas exploration and production. However, in the federal market, the company's limited recent activity and lack of competitive or sole-source contracts suggest that it may not be a dominant player. The absence of detailed agency relationships and recent contracts makes it difficult to assess their competitive position, but their size and expertise in the energy sector indicate potential for growth and expansion into the federal market. Similar contractors in the energy sector, such as Halliburton and Schlumberger, have a more established presence in the federal market and a higher volume of recent contracts and detailed agency relationships.
Recent Federal Contracts
Hess Corporation has 6 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| DoD Awards $67.2M Contract to HESS CORPORATION for Petroleum Products | Department of Defense | $67.2M | N/A |
| HESS CORPORATION awarded $29.6M contract for petroleum products by Defense Lo... | Department of Defense | $29.6M | N/A |
| GSA's $22.7M natural gas contract with Hess Corporation awarded under full an... | General Services Administration | $22.7M | N/A |
| DOE awards $20.5M contract for Northeast Heating Oil Reserve storage to HESS ... | Department of Energy | $20.5M | N/A |
| Commerce Department's NIST contract for electric power awarded to Hess Corpor... | Department of Commerce | $14.7M | N/A |
| NASA's $14.1M natural gas contract with Hess Corporation awarded under a comp... | National Aeronautics and Space Administration | $14.1M | N/A |