Hess corporation (HES)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Revenues and Non-Operating Income
Sales and other operating revenues

1,354

1,683

1,580

1,660

1,572

1,650

1,793

1,534

1,346

1,663

1,348

1,197

1,258

1,388

1,177

1,224

973

1,474

1,671

1,953

1,538

2,557

2,678

2,829

2,673

10

2,720

3,069

6,106

2,953

3,072

3,324

2,896

-7,282

8,665

9,853

10,215

9,007

7,864

7,732

9,259

8,678

7,270

6,751

6,915

11,396

11,711

Loss from equity investment in HOVENSA L.L.C.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-940

-36

-49

-48

-348

-83

-6

-85

-64

-49

-75

-41

52

-19

Gains (losses) on asset sales, net

-

-

0

22

-

0

14

11

7

-362

274

2

0

-

0

-

-

-

-

-

-

-

31

779

-

380

-5

1,111

688

172

376

0

36

0

103

0

343

-

-

-

-

-

-

-

-

-

-

Other, net

15

16

-65

15

27

32

21

21

37

-10

22

3

-4

-30

19

45

20

-138

18

-18

12

-42

27

-25

-81

2

-1

-18

-34

34

46

-3

29

31

-6

2

5

-1,177

1,172

24

46

-56

163

79

-2

-62

37

Total revenues and non-operating income

1,369

1,699

1,515

1,697

1,599

1,682

1,828

1,566

1,390

1,291

1,644

1,202

1,254

1,381

1,196

1,269

993

1,387

1,689

1,935

1,550

2,528

2,736

3,583

2,592

392

2,714

4,162

6,760

3,159

3,494

3,321

2,961

-8,191

8,726

9,806

10,515

8,690

8,953

7,750

9,220

8,558

7,384

6,755

6,872

11,386

11,729

Costs and Expenses
Marketing, including purchased oil and gas

378

428

423

477

408

472

491

450

358

476

338

253

200

375

222

277

189

304

356

356

278

482

423

421

393

-2,125

375

421

3,054

372

359

332

270

-9,534

6,181

6,841

7,040

6,221

5,330

5,316

6,540

6,005

5,069

4,705

5,182

8,164

8,337

Operating costs and expenses

303

365

321

285

266

292

266

288

288

358

353

374

358

564

421

455

436

512

508

503

506

512

511

545

466

674

475

510

585

549

568

550

535

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production and severance taxes

42

52

47

46

39

43

47

42

39

31

27

30

31

27

27

28

19

36

29

45

36

66

69

78

62

61

84

97

130

141

144

127

138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

609

599

531

532

475

440

477

492

460

444

409

503

494

Marketing expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

28

225

-

-

-

-

18

266

247

283

291

232

245

253

266

240

245

257

266

267

Exploration expenses, including dry holes and lease impairment

189

106

50

43

34

91

169

62

40

356

41

52

58

1,033

78

199

132

378

144

90

269

171

90

460

119

458

154

200

219

362

259

196

253

426

199

257

313

317

225

172

151

157

167

312

193

157

158

Other operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

42

42

42

39

80

52

49

43

43

48

62

47

General and administrative expenses

102

131

90

89

87

91

143

129

110

121

111

95

95

104

106

106

98

140

119

151

147

164

139

143

142

195

152

168

158

166

134

144

132

98

177

174

164

197

151

159

155

203

148

136

160

170

156

Interest expense

113

95

90

97

98

99

99

98

103

80

79

82

84

84

84

85

85

86

84

86

85

414

75

-85

-81

715

-86

-117

-106

-732

104

105

104

93

94

97

99

100

94

83

84

91

97

95

77

68

65

Loss on debt extinguishment

-

-

0

0

-

0

0

-26

-27

0

0

0

0

-

-80

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion and amortization

561

586

544

494

498

533

489

444

417

646

759

741

737

768

811

797

868

983

988

1,028

956

875

838

785

726

703

681

614

689

730

728

746

662

641

586

588

558

633

584

558

542

530

626

558

486

497

482

Impairment

2,126

-

-

-

0

-

-

-

-

-

2,503

-

-

-

0

-

-

-

0

385

-

-

0

0

-

-

-

-

-

-

208

59

-

-

358

-

-

-

532

-

-

-

0

-

-

-

-

Total costs and expenses

3,814

1,763

1,565

1,531

1,430

1,621

1,704

1,539

1,382

3,768

4,211

1,627

1,563

3,090

1,829

1,947

1,827

3,670

2,228

2,644

2,277

2,352

2,145

2,517

1,989

72

2,034

2,155

5,166

2,741

2,504

2,259

2,094

-7,772

8,513

8,845

9,030

8,333

7,662

7,053

8,254

7,847

6,850

6,538

6,812

9,887

10,006

Income (Loss) Before Income Taxes

-2,445

-64

-50

166

169

61

124

27

8

-2,477

-2,567

-425

-309

-1,709

-633

-678

-834

-2,283

-539

-709

-727

176

591

1,066

603

320

680

2,007

1,594

418

990

1,062

867

-419

213

961

1,485

357

1,291

697

966

711

534

217

60

1,499

1,723

Provision (benefit) for income taxes

-79

119

116

132

94

27

121

114

73

158

-1,974

-8

-13

3,189

-316

-305

-346

-492

-300

-156

-351

181

232

92

239

-617

324

407

451

199

480

522

328

-140

-54

392

511

274

200

301

398

341

182

115

77

725

812

Income (Loss) from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,791

-239

-553

-376

-5

359

974

364

937

356

1,600

1,143

219

510

540

539

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

-13

-14

-13

-2

671

-44

57

978

62

16

130

157

82

-5

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss)

-2,366

-183

-166

34

75

34

3

-87

-65

-2,635

-593

-417

-296

-4,898

-317

-373

-488

-1,799

-252

-567

-389

-7

1,030

930

421

1,915

418

1,616

1,273

376

592

535

560

-134

267

569

974

83

1,091

396

568

370

352

102

-17

774

911

Less: Net income (loss) attributable to noncontrolling interests

67

39

46

40

43

38

45

43

41

42

31

32

28

-6

22

19

21

22

27

0

0

1

22

-1

35

-10

-2

185

-3

2

35

-14

15

-3

-31

-38

45

25

-63

21

30

12

11

2

42

-1

11

Net Income (Loss) Attributable to Hess Corporation

-2,433

-222

-212

-6

32

-4

-42

-130

-106

-2,677

-624

-449

-324

-4,892

-339

-392

-509

-1,821

-279

-567

-389

-8

1,008

931

386

1,925

420

1,431

1,276

374

557

549

545

-131

298

607

929

58

1,154

375

538

358

341

100

-59

775

900

Less: Preferred stock dividends

0

0

0

0

4

12

11

12

11

12

11

11

12

11

12

12

6

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Hess Corporation Common Stockholders

-2,433

-222

-212

-6

28

-16

-53

-142

-117

-2,689

-635

-460

-336

-4,903

-351

-404

-515

-1,821

-279

-567

-389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Per Common Share - Basic:
Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6.41

-0.94

-1.94

-1.32

0.09

1.19

3.15

1.14

2.87

1.06

4.16

3.38

0.64

1.49

1.58

1.58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

-0.04

-0.05

-0.05

-0.03

2.16

-0.14

0.07

2.93

0.18

0.05

0.38

0.46

0.16

0.04

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic

-8.00

-0.74

-0.70

-0.02

0.09

-0.06

-0.18

-0.48

-0.38

-8.57

-2.02

-1.46

-1.07

-15.79

-1.12

-1.29

-1.72

-6.44

-0.98

-1.99

-1.37

0.06

3.35

3.01

1.21

5.80

1.24

4.21

3.76

1.10

1.65

1.62

1.61

-0.41

0.89

1.80

2.77

0.17

3.54

1.15

1.66

1.10

1.05

0.31

-0.18

2.40

2.81

Net Income (Loss) Per Common Share - Diluted:
Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6.41

-0.94

-1.94

-1.32

0.09

1.18

3.10

1.13

2.83

1.05

4.11

3.34

0.63

1.48

1.58

1.57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.03

-0.04

-0.05

-0.05

-0.03

2.13

-0.14

0.07

2.88

0.18

0.05

0.38

0.47

0.16

0.03

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

-8.00

-0.74

-0.70

-0.02

0.09

-0.06

-0.18

-0.48

-0.38

-8.57

-2.02

-1.46

-1.07

-15.79

-1.12

-1.29

-1.72

-6.44

-0.98

-1.99

-1.37

0.06

3.31

2.96

1.20

5.71

1.23

4.16

3.72

1.10

1.64

1.61

1.60

-0.39

0.88

1.78

2.74

0.15

3.52

1.15

1.65

1.09

1.05

0.31

-0.18

2.37

2.76

Weighted Average Number of Common Shares Outstanding:
Basic

304

-

302

302

297

-

294

297

309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Diluted

304

300

302

302

299

291

294

297

309

313

314

314

313

313

313

313

299

283

283

284

283

289

305

314

322

333

343

344

342

340

340

340

340

339

340

340

339

331

327

327

326

328

326

325

323

327

326

Common Stock Dividends Per Share

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

0.25

-

0.25

0.10

0.10

-

0.10

0.10

0.10

-

0.10

0.10

0.10

-

0.10

0.10

0.10

-

0.10

0.10

0.10

0.10

0.10