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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets:    
Cash and cash equivalents $ 2,694 $ 4,847
Accounts receivable:    
From contracts with customers 771 677
Joint venture and other 230 347
Inventories 245 232
Other current assets 519 54
Total current assets 4,459 6,157
Property, plant and equipment:    
Total — at cost 33,222 32,504
Less: Reserves for depreciation, depletion, amortization and lease impairment 17,139 16,312
Property, plant and equipment — net 16,083 16,192
Goodwill 360 360
Deferred income taxes 21 21
Other assets 510 382
Total Assets 21,433 23,112
Current Liabilities:    
Accounts payable 495 435
Accrued liabilities 1,560 1,337
Taxes payable 81 83
Current maturities of long-term debt 67 580
Total current liabilities 2,203 2,435
Long-term debt 6,605 6,397
Deferred income taxes 421 429
Asset retirement obligations 741 753
Other liabilities and deferred credits 575 744
Total Liabilities 10,545 10,758
Hess Corporation stockholders’ equity:    
Preferred stock, par value $1.00; Authorized — 20,000,000 shares, Series A 8% Cumulative Mandatory Convertible; $1,000 per share liquidation preference; Issued — 574,997 shares (2017: 575,000) 1 1
Common stock, par value $1.00; Authorized — 600,000,000 shares Issued — 291,434,534 shares (2017: 315,053,615) 291 315
Capital in excess of par value 5,386 5,824
Retained earnings 4,257 5,597
Accumulated other comprehensive income (loss) (306) (686)
Total Hess Corporation stockholders’ equity 9,629 11,051
Noncontrolling interests 1,259 1,303
Total equity 10,888 12,354
Total Liabilities and Equity $ 21,433 $ 23,112