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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 633     465   465 168
Other comprehensive income (loss) (16)       (16) (16)  
Share-based compensation 60 1 59 0   60  
Dividends on common stock (269)     (269)   (269)  
Sale of Class A shares of Hess Midstream LP 251   158     158 93
Repurchase of Class B units of Hess Midstream Operations LP (90)   19     19 (109)
Noncontrolling interests, net (163)           (163)
Balance at Jun. 30, 2023 8,902 307 6,442 1,670 (147) 8,272 630
Balance at Mar. 31, 2023 8,721 307 6,254 1,686 (114) 8,133 588
Net Income 205     119   119 86
Other comprehensive income (loss) (33)       (33) (33)  
Share-based compensation 19 0 19 0   19  
Dividends on common stock (135)     (135)   (135)  
Sale of Class A shares of Hess Midstream LP 251   158     158 93
Repurchase of Class B units of Hess Midstream Operations LP (44)   11     11 (55)
Noncontrolling interests, net (82)           (82)
Balance at Jun. 30, 2023 8,902 307 6,442 1,670 (147) 8,272 630
Balance at Dec. 31, 2023 9,602 307 6,495 2,318 (134) 8,986 616
Net Income 1,918     1,729   1,729 189
Other comprehensive income (loss) (24)       (24) (24)  
Share-based compensation 66 1 71 (6)   66  
Dividends on common stock (270)     (270)   (270)  
Sale of Class A shares of Hess Midstream LP 194   0     0 194
Repurchase of Class B units of Hess Midstream Operations LP (105)   0     0 (105)
Noncontrolling interests, net (180)           (180)
Balance at Jun. 30, 2024 11,201 308 6,566 3,771 (158) 10,487 714
Balance at Mar. 31, 2024 10,531 308 6,545 3,149 (134) 9,868 663
Net Income 851     757   757 94
Other comprehensive income (loss) (24)       (24) (24)  
Share-based compensation 21 0 21 0   21  
Dividends on common stock (135)     (135)   (135)  
Sale of Class A shares of Hess Midstream LP 100   0     0 100
Repurchase of Class B units of Hess Midstream Operations LP (52)   0     0 (52)
Noncontrolling interests, net (91)           (91)
Balance at Jun. 30, 2024 $ 11,201 $ 308 $ 6,566 $ 3,771 $ (158) $ 10,487 $ 714