John B. Hess

CEO at HESS

Board

Since 1995

Age

70 years

Tenure

Joined HES in 1977, became an executive officer in 1983, and ascended to CEO in 1995.

Also at HESS

Andrew Slentz

SVP, Human Resources and Office Management

Barbara Lowery-Yilmaz

SVP and Chief Exploration Officer

Gerbert Schoonman

SVP, Global Production

About

John B. Hess has dedicated over 45 years to the oil and gas industry, beginning his career by joining HES in 1977 and quickly establishing himself as a committed leader. His progression through the company saw him taking on significant responsibilities, becoming an executive officer in 1983 and ultimately ascending to the role of Chief Executive Officer in 1995, a testament to his enduring commitment and strategic vision.

Throughout his tenure, he has steered the company through various challenges and opportunities, contributing to its evolution and maintaining its focus on sustainable and environmentally responsible operations. His leadership reflects not only his professional expertise but also a deep personal commitment to the company's long-term success.

Beyond his achievements at HES, his influence extends into broader financial and corporate governance circles, evidenced by his role as a board member at Goldman Sachs. While personal details and educational background are less documented, his career accomplishments provide a comprehensive view of a leader dedicated to industry innovation and responsible energy production.

$HES Performance Under John B. Hess

Past Roles

Organization	Role	Date Range	Details
KKR & Co. Inc.	Former Director	N/A	N/A
Hess Corporation	Executive Officer	1983 - 1995	Position held before becoming CEO

External Roles

Organization	Role	Date Range	Details
Hess Midstream GP LLC	Director	N/A	General Partner of Hess Midstream LP

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Salary	$1,500,000	Annual	Fixed annual base salary
Employees’ Pension Plan	$2,186,568	N/A	Present value of accumulated benefit from a qualified defined benefit plan
Restoration Plan	$44,636,213	N/A	Present value under the non‐qualified pension restoration plan; 46.58 years of credited service

Performance Compensation

Data from FY 2023

Annual Incentive Plan (AIP)

Metric	Details
Performance Metrics & Weighting	EHS (20%), Production (20%), Capital & Exploratory Spend (15%), Controllable Operated Cash Costs (15%), Returns & Cash Flow (15%), Exploration Resource Additions (15%)
Threshold Payout	$0 (0% of target)
Target Payout	$2,250,000 (150% of base salary)
Maximum Payout	$4,500,000 (200% of target)
Actual 2023 Result	165.5% of target; $3,723,800 awarded
Evaluation Period	2023 performance year
Vesting	Not applicable (cash incentive)

Performance Share Units (PSUs)

Metric	Details
Performance Metrics	Total Shareholder Return (TSR) CAGR vs. SPDR S&P Oil & Gas Exploration & Production ETF (XOP) with a ±10% S&P 500 modifier
Achievement Levels	Threshold: -20% vs. XOP → 50% payout; Target: 0% → 100% payout; Maximum: ≥20% vs. XOP → 200% payout (capped at 210% with modifier)
Grant Date	March 6, 2023
Grant Date Fair Value	$6,900,071 for the PSU package; $178.80 per unit (realized)
Grant Date Stock Price	$141.95
Number of Units Granted	Threshold: 19,296; Target: 38,591; Maximum: 81,041
Vesting Schedule	Vests in 3 years (2026), with payouts following performance certification
Evaluation Period	2023–2025 (three-year performance period)

Stock Options

Metric	Details
Grant Date	March 6, 2023
Number of Options Granted	72,498
Exercise Price	$141.55 per share
Grant Date Fair Value	$4,599,998
Vesting Schedule	Not explicitly detailed
Performance Conditions	Value contingent on stock price appreciation; no additional performance metrics

Outstanding PSUs at Fiscal Year-End 2023

Metric	Details
Performance Metrics	Hess TSR CAGR vs. XOP with a ±10% S&P 500 modifier
Achievement Levels	Maximum: ≥20% vs. XOP → 200% of target; Target: 0% gap → 100% payout; Threshold: -20% vs. XOP → 50% payout; Below threshold: 0%
Grant Date	March 6, 2023
Grant Date Fair Value	$6,900,071
Grant Date Stock Price	$141.95
Number of Units	Threshold: 19,296; Target: 38,591; Maximum: 81,041
Vesting Schedule	Vest in 3 years; payouts occur after performance certification in 2026
Evaluation Period	2023–2025 (three-year performance period)