How did Hess's revenue and expenses shift in Q4 2024?

**Hess's revenue in Q4 2024 was robust**, with the company reporting the following key points:

1. **Total Revenue**: Hess's total revenue for the quarter was $12.9 billion from Sales and Other Operating, and $12.85 billion from Crude Oil and Natural Gas Liquids, totaling approximately $25.75 billion.

|code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code|
|---|---|---|---|---|---|---|
|HES|HES.N|Hess|20240101-2024|Other|1.21E8|169|
|HES|HES.N|Hess|20240101-2024|Other|9.0E7|169|
|HES|HES.N|Hess|20240101-2024|Sales and Other Operating|6.596E9|169|
|HES|HES.N|Hess|20240101-2024|Sales and Other Operating|3.341E9|169|
|HES|HES.N|Hess|20240101-2024|Sales and Other Operating|3.341E9|169|

2. **Segmental Revenue**: Within the Crude Oil and Natural Gas Liquids segment, revenue was $9.69 billion, and $9.7 billion within the Sales and Other Operating segment. Additionally, there were $8.87 billion from Crude Oil and $6.7 billion from Sales and Other Operating. The smallest segment was $2.91 billion from Sales and Other Operating, and $2.39 billion from Sales of Purchased Oil and Gas.
3. **Net Income**: Despite the high revenue, net income was $542 million, or $1.76 per share, which is a significant increase from the $413 million, or $1.34 per share, reported in the same quarter of the previous year. The adjusted net income in Q4 2023 was $501 million, or $1.63 per share.
4. **Production Volumes**: Oil and gas net production was 495,000 barrels of oil equivalent per day (boepd), up 18% from the previous year. Bakken net production was 208,000 boepd, up 7%. Guyana net production was 195,000 barrels of oil per day (bopd), up 52%.

**Expenses in Q4 2024 were not provided**, but it is clear that the increase in net income despite the absence of detailed expense information is due to higher production volumes and increased realized commodity prices, partially offset by higher exploration expenses.

The data indicates that Hess's revenue streams are diverse, with the Crude Oil and Natural Gas Liquids segment being the most significant, followed by the Sales and Other Operating segment. The increase in net income reflects successful operational strategies and market conditions, particularly in Guyana and Bakken fields.