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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income (loss) $ (115) $ (3,941) $ (6,076)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
(Gains) losses on asset sales, net (32) 86 (23)
Depreciation, depletion and amortization 1,883 2,883 3,244
Impairment 0 4,203 67
Exploratory dry hole costs 165 268 1,064
Exploration lease and other impairment 37 44 145
Stock compensation expense 72 86 73
Noncash (gains) losses on commodity derivatives, net 182 97 0
Provision (benefit) for deferred income taxes and other tax accruals (120) (2,001) 2,200
Loss on debt extinguishment 53 0 148
Changes in operating assets and liabilities      
(Increase) decrease in accounts receivable (138) (340) 96
(Increase) decrease in inventories (12) (64) 77
Increase (decrease) in accounts payable and accrued liabilities 88 (44) (87)
Increase (decrease) in taxes payable (2) (34) 9
Changes in other operating assets and liabilities (122) (298) (142)
Net cash provided by (used in) operating activities 1,939 945 795
Cash Flows from Investing Activities      
Additions to property, plant and equipment - E&P (1,854) (1,788) (1,974)
Additions to property, plant and equipment - Midstream (243) (149) (277)
Payments for Midstream equity investments (67) 0 0
Proceeds from asset sales, net of cash sold 607 3,296 140
Other, net (9) (1) 21
Net cash provided by (used in) investing activities (1,566) 1,358 (2,090)
Cash Flows from Financing Activities      
Net borrowings (repayments) of debt with maturities of 90 days or less 0 (153) 43
Debt with maturities of greater than 90 days – Borrowings 0 800 1,496
Debt with maturities of greater than 90 days – Repayments (633) (459) (1,455)
Proceeds from issuance of Hess Midstream Partnership LP units 0 366 0
Proceeds from issuance of preferred stock 0 0 557
Proceeds from issuance of common stock 0 0 1,087
Common stock acquired and retired (1,365) (110) 0
Cash dividends paid (345) (363) (350)
Noncontrolling interests, net (211) (243) (23)
Other, net 28 (26) (44)
Net cash provided by (used in) financing activities (2,526) (188) 1,311
Net Increase (Decrease) in Cash and Cash Equivalents (2,153) 2,115 16
Cash and Cash Equivalents at Beginning of Year 4,847 2,732 2,716
Cash and Cash Equivalents at End of Year $ 2,694 $ 4,847 $ 2,732