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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,438 $ 1,688
Accounts receivable:    
From contracts with customers 1,524 1,180
Joint venture and other 165 150
Inventories 382 304
Other current assets 115 108
Total current assets 3,624 3,430
Property, plant and equipment:    
Total — at cost 37,706 36,771
Less: Reserves for depreciation, depletion, amortization and lease impairment 19,879 19,339
Property, plant and equipment — net 17,827 17,432
Operating lease right-of-use assets — net 658 720
Finance lease right-of-use assets — net 104 108
Goodwill 360 360
Deferred income taxes 408 320
Post-retirement benefit assets 695 685
Other assets 1,043 952
Total Assets 24,719 24,007 Close
Current Liabilities:    
Accounts payable 403 402
Accrued liabilities 1,774 2,102
Taxes payable 95 85
Current portion of long-term debt 314 311
Current portion of operating and finance lease obligations 365 370
Total current liabilities 2,951 3,270
Long-term debt 8,415 8,302
Long-term operating lease obligations 398 459
Long-term finance lease obligations 151 156
Deferred income taxes 657 608
Asset retirement obligations 1,192 1,186
Other liabilities and deferred credits 424 424
Total Liabilities 14,188 14,405 Close
Hess Corporation stockholders’ equity:    
Common stock, par value $1.00; Authorized - 600,000,000 shares, Issued - 308,111,879 shares (2023: 307,158,272) 308 307
Capital in excess of par value 6,545 6,495
Retained earnings 3,149 2,318
Accumulated other comprehensive income (loss) (134) (134)
Total Hess Corporation stockholders’ equity 9,868 8,986
Noncontrolling interests 663 616
Total Equity 10,531 9,602 Close
Total Liabilities and Equity $ 24,719 $ 24,007