Consolidated Balance Sheet (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
CURRENT ASSETS
Cash and cash equivalents	$ 351	$ 1,608
Accounts receivable
Trade	4,761	4,478
Other	250	240
Inventories	1,423	1,452
Other current assets	1,554	1,002
Total current assets	8,339	8,780
INVESTMENTS IN AFFILIATES	384	443
PROPERTY, PLANT AND EQUIPMENT
Total - at cost	39,710	35,703
Less reserves for depreciation, depletion, amortization and lease impairment	14,998	14,576
Property, plant and equipment - net	24,712	21,127
GOODWILL	2,305	2,408
DEFERRED INCOME TAXES	2,941	2,167
OTHER ASSETS	455	471
TOTAL ASSETS	39,136	35,396
CURRENT LIABILITIES
Accounts payable	3,712	4,274
Accrued liabilities	3,524	2,567
Taxes payable	812	726
Short-term debt and current maturities of long-term debt	52	46
Total current liabilities	8,100	7,613
LONG-TERM DEBT	6,005	5,537
DEFERRED INCOME TAXES	2,843	2,995
ASSET RETIREMENT OBLIGATIONS	1,844	1,203
OTHER LIABILITIES AND DEFERRED CREDITS	1,752	1,239
Total liabilities	20,544	18,587
Hess Corporation Stockholders' Equity
Common stock, par value $1.00 Authorized 600,000 shares Issued: 2011 - 339,976 shares; 2010 - 337,681 shares	340	338
Capital in excess of par value	3,417	3,256
Retained earnings	15,826	14,254
Accumulated other comprehensive income (loss)	(1,067)	(1,159)
Total Hess Corporation stockholders' equity	18,516	16,689
Noncontrolling interests	76	120
Total equity	18,592	16,809
TOTAL LIABILITIES AND EQUITY	$ 39,136	$ 35,396