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STATEMENT OF CONSOLIDATED INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues and Non-Operating Income        
Sales and other operating revenues $ 2,289 $ 2,955 $ 4,700 $ 5,268
Gains on asset sales, net 0 3 0 25
Other, net 31 30 73 66
Total revenues and non-operating income 2,320 2,988 4,773 5,359
Costs and Expenses        
Marketing, including purchased oil and gas 547 843 1,150 1,525
Operating costs and expenses 454 356 836 669
Production and severance taxes 46 67 94 128
Exploration expenses, including dry holes and lease impairment 99 33 165 76
General and administrative expenses 108 95 244 205
Interest expense 122 121 245 244
Depreciation, depletion and amortization 497 391 988 728
Impairment and other 82 0 82 0
Total costs and expenses 1,955 1,906 3,804 3,575 Close
Income Before Income Taxes 365 1,082 969 1,784 Close
Provision for income taxes 160 328 336 525 Close
Net Income 205 754 633 1,259 Close
Less: Net income attributable to noncontrolling interests 86 87 168 175 Close
Net Income Attributable to Hess Corporation $ 119 $ 667 $ 465 $ 1,084
Net Income Attributable to Hess Corporation Per Common Share:        
Basic (in dollars per share) $ 0.39 $ 2.15 $ 1.52 $ 3.50
Diluted (in dollars per share) $ 0.39 $ 2.15 $ 1.51 $ 3.49
Weighted Average Number of Common Shares Outstanding:        
Basic (in shares) 306,000 309,700 305,700 309,300
Diluted (in shares) 307,500 310,900 307,400 310,600
Common Stock Dividends Per Share (in dollars per share) $ 0.4375 $ 0.3750 $ 0.8750 $ 0.7500