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STATEMENT OF CONSOLIDATED EQUITY - USD ($)
$ in Millions
Total
Common Stock
Capital in Excess of Par
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Total Hess Stockholders’ Equity
Noncontrolling Interests
Balance at Dec. 31, 2022 $ 8,496 $ 306 $ 6,206 $ 1,474 $ (131) $ 7,855 $ 641
Net Income 1,235     969   969 266
Other comprehensive income (loss) (61)       (61) (61)  
Share-based compensation 83 1 82 0   83  
Dividends on common stock (404)     (404)   (404)  
Sale of Class A shares of Hess Midstream LP 333   158     158 175
Repurchase of Class B units of Hess Midstream Operations LP (134)   31     31 (165)
Noncontrolling interests, net (249)           (249)
Balance at Sep. 30, 2023 9,299 307 6,477 2,039 (192) 8,631 668
Balance at Jun. 30, 2023 8,902 307 6,442 1,670 (147) 8,272 630
Net Income 602     504   504 98
Other comprehensive income (loss) (45)       (45) (45)  
Share-based compensation 23   23     23  
Dividends on common stock (135)     (135)   (135)  
Sale of Class A shares of Hess Midstream LP 82           82
Repurchase of Class B units of Hess Midstream Operations LP (44)   12     12 (56)
Noncontrolling interests, net (86)           (86)
Balance at Sep. 30, 2023 9,299 307 6,477 2,039 (192) 8,631 668
Balance at Dec. 31, 2023 9,602 307 6,495 2,318 (134) 8,986 616
Net Income 2,512     2,227   2,227 285
Other comprehensive income (loss) (55)       (55) (55)  
Share-based compensation 87 1 92 (6)   87  
Dividends on common stock (424)     (424)   (424)  
Sale of Class A shares of Hess Midstream LP 309           309
Repurchase of Class B units of Hess Midstream Operations LP (157)           (157)
Noncontrolling interests, net (272)           (272)
Balance at Sep. 30, 2024 11,602 308 6,587 4,115 (189) 10,821 781
Balance at Jun. 30, 2024 11,201 308 6,566 3,771 (158) 10,487 714
Net Income 594     498   498 96
Other comprehensive income (loss) (31)       (31) (31)  
Share-based compensation 21   21     21  
Dividends on common stock (154)     (154)   (154)  
Sale of Class A shares of Hess Midstream LP 115           115
Repurchase of Class B units of Hess Midstream Operations LP (52)           (52)
Noncontrolling interests, net (92)           (92)
Balance at Sep. 30, 2024 $ 11,602 $ 308 $ 6,587 $ 4,115 $ (189) $ 10,821 $ 781