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STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows From Operating Activities    
Net income $ 1,865 $ 534
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Gains) losses on asset sales, net (25) (29)
Depreciation, depletion and amortization 1,199 1,130
Impairment and other 54 147
Exploratory dry hole costs 19 11
Exploration lease impairment 14 15
Pension settlement loss 2 5
Stock compensation expense 66 61
Noncash (gains) losses on commodity derivatives, net 383 152
Provision for deferred income taxes and other tax accruals 243 79
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (500) (533)
(Increase) decrease in inventories (55) 97
Increase (decrease) in accounts payable and accrued liabilities 37 169
Increase (decrease) in taxes payable (361) 278
Changes in other operating assets and liabilities (249) (125)
Net cash provided by (used in) operating activities 2,692 1,991
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (1,755) (1,118)
Additions to property, plant and equipment - Midstream (177) (120)
Proceeds from asset sales, net of cash sold 28 427
Other, net 4 4
Net cash provided by (used in) investing activities (1,908) (815)
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less (61) (32)
Debt with maturities of greater than 90 days – Borrowings 420 750
Debt with maturities of greater than 90 days - Repayments (510) (508)
Cash dividends paid (350) (234)
Payments for Repurchase of Common Stock (340) 0
Proceeds from sale of Class A shares of Hess Midstream LP 146 70
Noncontrolling interests, net (430) (589)
Employee stock options exercised 44 75
Payments on finance lease obligations (5) (7)
Other, net (27) (21)
Net cash provided by (used in) financing activities (1,113) (496)
Net Increase (Decrease) in Cash and Cash Equivalents (329) 680
Cash and Cash Equivalents at Beginning of Year 2,713 1,739
Cash and Cash Equivalents at End of Period $ 2,384 $ 2,419