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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows From Operating Activities      
Net income (loss) $ 890 $ (2,839) $ (240)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
(Gains) on asset sales, net (29) (87) (22)
Depreciation, depletion and amortization 1,528 2,074 2,122
Impairment and other 147 2,126 0
Exploratory dry hole costs 11 192 49
Exploration lease and other impairment 20 51 17
Pension settlement loss 9 0 93
Stock compensation expense 77 79 85
Noncash (gains) losses on commodity derivatives, net 216 260 116
Provision (benefit) for deferred income taxes and other tax accruals 122 (53) 17
Changes in operating assets and liabilities:      
(Increase) decrease in accounts receivable (748) 267 (383)
(Increase) decrease in inventories 135 (117) (16)
Increase (decrease) in accounts payable and accrued liabilities 241 (533) 4
Increase (decrease) in taxes payable 447 (16) 16
Changes in other operating assets and liabilities (176) (71) (216)
Net cash provided by (used in) operating activities 2,890 1,333 1,642
Cash Flows From Investing Activities      
Additions to property, plant and equipment - E&P (1,584) (1,896) (2,433)
Additions to property, plant and equipment - Midstream (163) (301) (396)
Payments for Midstream equity investments 0 0 (33)
Proceeds from asset sales, net of cash sold 427 493 22
Other, net (5) (3) (3)
Net cash provided by (used in) investing activities (1,325) (1,707) (2,843)
Cash Flows From Financing Activities      
Net borrowings (repayments) of debt with maturities of 90 days or less (80) 152 32
Debt with maturities of greater than 90 days – Borrowings 750 1,000 760
Debt with maturities of greater than 90 days – Repayments (510) 0 (8)
Proceeds from sale of Class A shares of Hess Midstream LP 178 0 0
Payments on finance lease obligations (10) (7) (49)
Common stock acquired and retired 0 0 (25)
Cash dividends paid (311) (309) (316)
Employee stock options exercised 77 15 40
Noncontrolling interests, net (664) (261) (353)
Other, net (21) (22) (29)
Net cash provided by (used in) financing activities (591) 568 52
Net Increase (Decrease) in Cash and Cash Equivalents 974 194 (1,149)
Cash and Cash Equivalents at Beginning of Year 1,739 1,545 2,694
Cash and Cash Equivalents at End of Year $ 2,713 $ 1,739 $ 1,545