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Statement of Consolidated Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES AND NON-OPERATING INCOME      
Sales (excluding excise taxes) and other operating revenues $ 38,466 $ 33,862 $ 29,614
Income (loss) from equity investment in HOVENSA L.L.C. (1,073) (522) (229)
Gains on asset sales 446 1,208 0
Other, net 32 65 184
Total revenues and non-operating income 37,871 34,613 29,569
COSTS AND EXPENSES      
Cost of products sold (excluding items shown separately below) 26,774 23,407 20,961
Production expenses 2,352 1,924 1,805
Marketing expenses 1,069 1,021 1,008
Exploration expenses, including dry holes and lease impairment 1,195 865 829
Other operating expenses 171 213 183
General and administrative expenses 702 662 647
Interest expense 383 361 360
Depreciation, depletion and amortization 2,406 2,317 2,200
Asset impairments 358 532 54
Total costs and expenses 35,410 31,302 28,047
INCOME BEFORE INCOME TAXES 2,461 3,311 1,522
Provision for income taxes 785 1,173 715
NET INCOME 1,676 2,138 807
Less: Net income (loss) attributable to noncontrolling interests (27) 13 67
NET INCOME ATTRIBUTABLE TO HESS CORPORATION $ 1,703 $ 2,125 $ 740
BASIC NET INCOME PER SHARE $ 5.05 $ 6.52 $ 2.28
DILUTED NET INCOME PER SHARE $ 5.01 $ 6.47 $ 2.27
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (DILUTED) 339,898 328,277 325,965