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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalent $ 1,324 $ 1,171
Accounts receivable:    
From contracts with customers 973 1,274
Joint venture and other 176 196
Inventories 472 419
Other current assets 131 113
Total current assets 3,076 3,173
Property, plant and equipment:    
Total — at cost 42,124 41,023
Less: Reserves for depreciation, depletion, amortization and lease impairment 21,702 21,102
Property, plant and equipment — net 20,422 19,921
Operating lease right-of-use assets — net 599 652
Finance lease right-of-use assets — net 86 90
Goodwill 360 360
Deferred income taxes 705 579
Post-retirement benefit assets 666 655
Other assets 1,224 1,121
Total Assets 27,138 26,551
Current Liabilities:    
Accounts payable 437 417
Accrued liabilities 1,937 1,942
Taxes payable 105 98
Current portion of long-term debt 25 23
Current portion of operating and finance lease obligations 346 346
Total current liabilities 2,850 2,826
Long-term debt 8,654 8,555
Long-term operating lease obligations 347 404
Long-term finance lease obligations 126 132
Deferred income taxes 871 784
Asset retirement obligations 1,434 1,377
Other liabilities and deferred credits 471 470
Total Liabilities 14,753 14,548
Hess Corporation stockholders’ equity:    
Common stock, par value $1.00; Authorized - 600,000,000 shares, Issued - 309,271,043 shares (2024: 308,293,765) 309 308
Capital in excess of par value 6,662 6,616
Retained earnings 4,756 4,500
Accumulated other comprehensive income (loss) (206) (208)
Total Hess Corporation stockholders’ equity 11,521 11,216
Noncontrolling interests 864 787
Total Equity 12,385 12,003
Total Liabilities and Equity $ 27,138 $ 26,551