Debt (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Components of Debt

Total debt at December 31 consisted of the following:

	2024		2023
	(In millions)
Debt – Hess Corporation:
Senior unsecured fixed-rate public notes:
3.500% due 2024	$	—	$	300
4.300% due 2027	998		997
7.875% due 2029	465		465
7.300% due 2031	629		629
7.125% due 2033	538		537
6.000% due 2040	743		743
5.600% due 2041	1,238		1,238
5.800% due 2047	495		495
Total senior unsecured fixed-rate public notes	5,106		5,404
Fair value adjustments – interest rate hedging	—		(2)
Total Debt – Hess Corporation	$	5,106	$	5,402
Debt – Midstream (Hess Midstream Operations LP):
Senior unsecured fixed-rate public notes:
5.625% due 2026 (a)	$	798	$	795
5.125% due 2028	545		545
6.500% due 2029	592		—
4.250% due 2030	743		742
5.500% due 2030	396		395
Total senior unsecured fixed-rate public notes	3,074		2,477
Term Loan A facility	383		394
Revolving credit facility	15		340
Total Debt – Midstream	$	3,472	$	3,211
Total Debt:
Current portion of long-term debt	$	23	$	311
Long-term debt	8,555		8,302
Total Debt	$	8,578	$	8,613

Maturity Profile of Debt

At December 31, 2024, the maturity profile of total debt was as follows:

	Total		Hess Corporation		Midstream
	(In millions)
2025	$	23	$	—	$	23
2026	832		—		832
2027	1,345		1,000		345
2028	550		—		550
2029	1,067		467		600
Thereafter	4,821		3,671		1,150
Total Borrowings	8,638		5,138		3,500
Less: Deferred financing costs and discounts	(60)		(32)		(28)
Total Debt (excluding interest)	$	8,578	$	5,106	$	3,472

Other Outstanding Letters of Credit

Other outstanding letters of credit at December 31 were as follows:

	2024		2023
	(In millions)
Committed lines (a)	$	8	$	2
Uncommitted lines (a)	77		86
Total	$	85	$	88

(a)At December 31, 2024, committed and uncommitted lines have expiration dates through 2025.