XML 75 R55.htm IDEA: XBRL DOCUMENT v3.25.0.1
Hess Midstream LP (Detail)
shares in Millions, bbl in Millions, $ in Millions
1 Months Ended 12 Months Ended
Nov. 30, 2023
USD ($)
Apr. 30, 2022
shares
Dec. 31, 2024
USD ($)
shares
bbl
Dec. 31, 2023
USD ($)
shares
Dec. 31, 2022
USD ($)
shares
Jun. 30, 2024
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net [Abstract]            
Number of underwritten public equity offerings completed     3 2    
Proceeds from sale of Class A shares of Hess Midstream LP     $ 0 $ 167 $ 146  
Sale of Class A shares of Hess Midstream LP     309 333 218  
Deferred tax impact to noncontrolling interests from sale of units held by parent by consolidated subsidiary     $ 309 $ 166 72  
Number of repurchase transactions completed     3 4    
Proceeds from repurchase of units held by Hess Corporation and Global Infrastructure Partners, by Hess Midstream Operations LP $ 100   $ 300 $ 400 400  
Proceeds from repurchase of units held by Hess Corporation by Hess Midstream Operations LP       38    
Senior unsecured fixed-rate note issued by Hess Midstream Operations LP         $ 400  
Interest rate of senior unsecured fixed-rate note issued by Hess Midstream Operations LP         5.50% 3.50%
Repurchase of Class B units of Hess Midstream Operations LP     (157) (189) $ (183)  
Deferred tax impact to noncontrolling interests from repurchase of units held by parent by consolidated subsidiary 7   30 23 17  
Proceeds to noncontrolling interests from repurchase of units held by parent by consolidated subsidiary $ 62   187 $ 212 200  
Participation by parent in repurchase subsidiary shares       50.00%    
Participation by noncontrolling interest in repurchase of units of consolidated subsidiary       50.00%    
Variable Interest Entity, Measure of Activity [Abstract]            
Liabilities     14,548 $ 14,405    
Cash and cash equivalents     1,171 1,688    
Property, plant and equipment — net     $ 19,921 17,432    
Joint venture percentage owned by Targa Resources Corp     50.00%      
Capital in Excess of Par            
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net [Abstract]            
Sale of Class A shares of Hess Midstream LP     $ 0 158 130  
Repurchase of Class B units of Hess Midstream Operations LP     0 31 32  
Noncontrolling Interests            
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net [Abstract]            
Sale of Class A shares of Hess Midstream LP     309 175 88  
Repurchase of Class B units of Hess Midstream Operations LP     $ (157) (220) (215)  
Noncontrolling Interests | Change In Ownership            
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net [Abstract]            
Sale of Class A shares of Hess Midstream LP       $ 9 $ 16  
Class A Shares            
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net [Abstract]            
Number of Class A shares of subsidiary public offering (in shares) | shares     35.7 24.3 10.2  
Class B Shares            
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net [Abstract]            
Number of Class B units repurchased by Hess Midstream LP (in shares) | shares     8.4 13.6 13.6  
Hess Midstream LP            
Ownership [Abstract]            
Percent interest in consolidated entity     38.00%      
Hess Midstream LP | Capital in Excess of Par            
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net [Abstract]            
Sale of Class A shares of Hess Midstream LP         $ 130  
Repurchase of Class B units of Hess Midstream Operations LP       $ 31 32  
Hess Midstream LP | Noncontrolling Interests            
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net [Abstract]            
Sale of Class A shares of Hess Midstream LP         88  
Repurchase of Class B units of Hess Midstream Operations LP       31 32  
Hess Midstream LP | Public Shareholders            
Ownership [Abstract]            
Noncontrolling interest ownership percentage of GIP     47.00%      
Hess Midstream LP | Global Infrastructure Partners            
Ownership [Abstract]            
Noncontrolling interest ownership percentage of GIP     15.00%      
Midstream            
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net [Abstract]            
Number of Class B units repurchased by Hess Midstream LP (in shares) | shares   13.6        
Senior unsecured fixed-rate note issued by Hess Midstream Operations LP     $ 3,074 2,477    
Variable Interest Entity | Hess Midstream LP            
Variable Interest Entity, Measure of Activity [Abstract]            
Cash and cash equivalents     $ 4 5    
Gas processing capacity of LM4 | bbl     200      
Processing fees incurred     $ 33 24 $ 21  
Variable Interest Entity | Hess Midstream LP | Little Missouri Four            
Variable Interest Entity, Measure of Activity [Abstract]            
Equity method investment     $ 87 90    
Equity method investment, ownership percentage     50.00%      
Variable Interest Entity | Hess Midstream LP | Nonrecourse            
Variable Interest Entity, Measure of Activity [Abstract]            
Liabilities     $ 3,652 3,385    
Variable Interest Entity | Midstream            
Variable Interest Entity, Measure of Activity [Abstract]            
Property, plant and equipment — net     $ 3,325 $ 3,229