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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and cash equivalents $ 1,545 $ 2,694
Accounts receivable:    
From contracts with customers 940 771
Joint venture and other 230 230
Inventories 261 245
Other current assets 180 519
Total current assets 3,156 4,459
Property, plant and equipment:    
Total — at cost 35,820 33,222
Less: Reserves for depreciation, depletion, amortization and lease impairment 19,006 17,139
Property, plant and equipment — net 16,814 16,083
Operating lease right-of-use assets — net 447 0
Finance lease right-of-use assets — net 299 0
Goodwill 360 360
Deferred income taxes 80 21
Other assets 626 510
Total Assets 21,782 21,433
Current Liabilities:    
Accounts payable 411 495
Accrued liabilities 1,803 1,560
Taxes payable 97 81
Current maturities of long-term debt 0 67
Current portion of operating and finance lease obligations 199 0
Total current liabilities 2,510 2,203
Long-term debt 7,142 6,605
Long-term operating lease obligations 353 0
Long-term finance lease obligations 238 0
Deferred income taxes 415 421
Asset retirement obligations 897 741
Other liabilities and deferred credits 521 575
Total Liabilities 12,076 10,545
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 zero shares (2018: 574,997) 0 1
Common stock, par value $1.00; Authorized 600,000,000 shares Issued 304,955,472 shares (2018: 291,434,534) 305 291
Capital in excess of par value 5,591 5,386
Retained earnings 3,535 4,257
Accumulated other comprehensive income (loss) (699) (306)
Total Hess Corporation stockholders’ equity 8,732 9,629
Noncontrolling interests 974 1,259
Total equity 9,706 10,888
Total Liabilities and Equity $ 21,782 $ 21,433