Refining Joint Venture (Tables)

6 Months Ended

Jun. 30, 2011

Refining Joint Venture [Abstract]

Summarized balance sheet

	June 30,			December 31,
	2011			2010
	(Millions of dollars)
Summarized balance sheet
Cash and cash equivalents	$	32		$	45
Other current assets		656			668
Net fixed assets		1,948			1,987
Other assets		26			27
Current liabilities		(1,260	)		(1,001	)
Long-term debt		(586	)		(706	)
Deferred liabilities and credits		(132	)		(135	)
Members’ equity	$	684		$	885
Carrying value of Hess Corporation’s equity investment	$	62		$	158

Summarized income statement

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2011			2010			2011			2010
	(Millions of dollars)
Summarized income statement
Total revenues	$	3,719		$	3,146		$	6,581		$	5,912
Cost and expenses		(3,822	)		(3,158	)		(6,784	)		(6,092	)
Net income (loss)	$	(103	)	$	(12	)	$	(203	)	$	(180	)
Hess Corporation’s income (loss) from equity investment in HOVENSA L.L.C. (*)	$	(49	)	$	(6	)	$	(97	)	$	(91	)

(*) Reflects the amortization of basis differences between the carrying value of the Corporation’s investment in HOVENSA and its equity in the net assets of the affiliate.