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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows From Operating Activities    
Net income (loss) $ (149) $ (1,306)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
(Gains) losses on asset sales, net (32) (276)
Depreciation, depletion and amortization 1,350 2,237
Impairment 0 2,503
Exploratory dry hole costs 132 0
Exploration lease and other impairment 28 22
Stock compensation expense 53 65
Noncash (gains) losses on commodity derivatives, net 134 43
Provision (benefit) for deferred income taxes and other tax accruals (28) (2,055)
Loss on debt extinguishment 53 0
Changes in operating assets and liabilities    
(Increase) decrease in accounts receivable (247) (88)
(Increase) decrease in inventories (35) (48)
Increase (decrease) in accounts payable and accrued liabilities (140) (189)
Increase (decrease) in taxes payable 9 3
Changes in other operating assets and liabilities (70) (309)
Net cash provided by (used in) operating activities 1,058 602
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (1,265) (1,275)
Additions to property, plant and equipment - Midstream (168) (108)
Payments for Midstream equity investments (67) 0
Proceeds from asset sales, net of cash sold 607 783
Other, net (8) (1)
Net cash provided by (used in) investing activities (901) (601)
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less 0 15
Debt with maturities of greater than 90 days – Borrowings 0 0
Debt with maturities of greater than 90 days – Repayments (610) (107)
Proceeds from issuance of Hess Midstream Partnership LP units 0 366
Common stock acquired and retired (1,120) 0
Cash dividends paid (262) (273)
Noncontrolling interests, net (36) (208)
Other, net 28 0
Net cash provided by (used in) financing activities (2,000) (207)
Net Increase (Decrease) in Cash and Cash Equivalents (1,843) (206)
Cash and Cash Equivalents at Beginning of Year 4,847 2,732
Cash and Cash Equivalents at End of Period $ 3,004 $ 2,526