XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3Close
STATEMENT OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows From Operating Activities    
Net income $ 2,512 $ 1,235
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
(Gains) losses on asset sales, net 1 2
Depreciation, depletion and amortization 1,795 1,487
Impairment 132 82
Exploratory dry hole costs 67 97
Exploration lease impairment 16 24
Pension prior service cost 35 0
Stock compensation expense 79 69
Unrealized Gain (Loss) on Derivatives and Commodity Contracts 0 (104)
Provision for deferred income taxes and other tax accruals 197 159
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable (9) (455)
(Increase) decrease in inventories (93) (116)
Increase (decrease) in accounts payable and accrued liabilities 2 208
Increase (decrease) in taxes payable 3 62
Changes in other operating assets and liabilities (447) (356)
Net cash provided by (used in) operating activities 4,288 2,598 Close
Cash Flows From Investing Activities    
Additions to property, plant and equipment - E&P (2,979) (2,504)
Additions to property, plant and equipment - Midstream (211) (160)
Proceeds from asset sales, net of cash sold 1 3
Other, net 7 5
Net cash provided by (used in) investing activities (3,196) (2,666) Close
Cash Flows From Financing Activities    
Net borrowings (repayments) of debt with maturities of 90 days or less (310) 258
Debt with maturities of greater than 90 days – Borrowings 600 0
Debt with maturities of greater than 90 days - Repayments (308) 0
Cash dividends paid (425) (405)
Payments for Repurchase of Common Stock 0 (20)
Proceeds from sale of Class A shares of Hess Midstream LP 0 167
Noncontrolling interests, net (459) (399)
Employee stock options exercised 13 10
Payments on finance lease obligations (8) (7)
Other, net (19) (4)
Net cash provided by (used in) financing activities (916) (400) Close
Net Increase (Decrease) in Cash and Cash Equivalents 176 (468) Close
Cash and Cash Equivalents at Beginning of Year 1,688 2,486
Cash and Cash Equivalents at End of Period $ 1,864 $ 2,018