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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows From Operating Activities    
Net income (loss) $ (713) $ (861)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
(Gains) losses on asset sales, net 0 (27)
Depreciation, depletion and amortization 1,478 1,665
Exploratory dry hole costs 0 218
Exploration lease and other impairment 15 24
Stock compensation expense 44 47
Provision (benefit) for deferred income taxes and other tax accruals (49) (661)
Changes in operating assets and liabilities    
(Increase) decrease in accounts receivable 149 79
(Increase) decrease in inventories (52) 25
Increase (decrease) in accounts payable and accrued liabilities (150) (197)
Increase (decrease) in taxes payable (35) (19)
Changes in other operating assets and liabilities (173) (156)
Net cash provided by (used in) operating activities 514 137
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (786) (1,114)
Additions to property, plant and equipment - Midstream (84) (121)
Proceeds from asset sales 179 80
Other, net 0 15
Net cash provided by (used in) investing activities (691) (1,140)
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less 4 (20)
Debt with maturities of greater than 90 days – Borrowings 0 0
Debt with maturities of greater than 90 days – Repayments (77) (35)
Proceeds from issuance of Hess Midstream Partners LP units 366 0
Proceeds from issuance of preferred stock 0 557
Proceeds from issuance of common stock 0 1,087
Cash dividends paid (182) (169)
Noncontrolling interests, net (175) 0
Other, net 1 (38)
Net cash provided by (used in) financing activities (63) 1,382
Net Increase (Decrease) in Cash and Cash Equivalents (240) 379
Cash and Cash Equivalents at Beginning of Year 2,732 2,716
Cash and Cash Equivalents at End of Period $ 2,492 $ 3,095