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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 428     346   346 82
Other comprehensive income (loss) 17       17 17  
Share-based compensation 41 1 40     41  
Dividends on common stock (134)     (134)   (134)  
Repurchase of Class B units of Hess Midstream Operations LP (46)   8     8 (54)
Noncontrolling interests, net (81)           (81)
Balance at Mar. 31, 2023 8,721 307 6,254 1,686 (114) 8,133 588
Balance at Dec. 31, 2023 9,602 307 6,495 2,318 (134) 8,986 616
Net Income 1,067     972   972 95
Other comprehensive income (loss) 0            
Share-based compensation 45 1 50 (6)   45  
Dividends on common stock (135)     (135)   (135)  
Sale of Class A shares of Hess Midstream LP 94           94
Repurchase of Class B units of Hess Midstream Operations LP (53)           (53)
Noncontrolling interests, net (89)           (89)
Balance at Mar. 31, 2024 $ 10,531 $ 308 $ 6,545 $ 3,149 $ (134) $ 9,868 $ 663