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Statement of Consolidated Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues and Non-Operating Income      
Sales and other operating revenues $ 10,511 $ 11,324 $ 7,473
Gains on asset sales, net 2 101 29
Other, net 132 145 81
Total revenues and non-operating income 10,645 11,570 7,583 Close
Costs and Expenses      
Marketing, including purchased oil and gas 2,732 3,328 2,034
Operating costs and expenses 1,776 1,452 1,229
Production and severance taxes 216 255 172
Exploration expenses, including dry holes and lease impairment 317 208 162
General and administrative expenses 527 531 340
Interest expense 478 493 481
Depreciation, depletion and amortization 2,046 1,703 1,528
Impairment and other 82 54 147
Total costs and expenses 8,174 8,024 6,093 Close
Income Before Income Taxes 2,471 3,546 1,490 Close
Provision for income taxes 733 1,099 600 Close
Net Income 1,738 2,447 890 Close
Less: Net income attributable to noncontrolling interests 356 351 331
Net Income Attributable to Hess Corporation $ 1,382 $ 2,096 $ 559
Net Income Attributable to Hess Corporation Per Common Share:      
Basic (in dollars per share) $ 4.52 $ 6.80 $ 1.82
Diluted (in dollars per share) $ 4.49 $ 6.77 $ 1.81
Weighted Average Number of Common Shares Outstanding:      
Shares outstanding – Basic (in shares) 305.9 308.1 307.4
Weighted Average Number of Common Shares Outstanding (Diluted) (in shares) 307.6 309.6 309.3
Common Stock Dividends Per Share (in dollars per share) $ 1.75 $ 1.50 $ 1.00