Hess corporation (HES)
Income statement / TTM
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

6,277

6,495

6,462

6,675

6,549

6,323

6,336

5,891

5,554

5,466

5,191

5,020

5,047

4,762

4,848

5,342

6,071

6,636

7,719

8,726

9,602

10,737

8,190

8,232

8,472

11,905

14,848

15,200

15,455

12,245

2,010

7,603

14,132

21,451

37,740

36,939

34,818

33,862

33,533

32,939

31,958

29,614

32,332

36,773

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,073

-481

-528

-485

-522

-238

-204

-273

-229

-113

-83

0

0

0

Gains (losses) on asset sales, net

-

-

22

36

-

32

-330

-70

-79

-86

276

0

0

-

0

-

-

-

-

-

-

-

0

0

-

2,174

1,966

2,347

1,236

584

412

139

139

446

0

0

0

-

-

-

-

-

-

-

-

-

-

Other, net

-19

-7

9

95

101

111

69

70

52

11

-9

-12

30

54

-54

-55

-118

-126

-30

-21

-28

-121

-77

-105

-98

-51

-19

28

43

106

103

51

56

32

-1,176

2

24

65

1,186

177

232

184

178

52

0

0

0

Total revenues and non-operating income

6,280

6,510

6,493

6,806

6,675

6,466

6,075

5,891

5,527

5,391

5,481

5,033

5,100

4,839

4,845

5,338

6,004

6,561

7,702

8,749

10,397

11,439

9,303

9,281

9,860

14,028

16,795

17,575

16,734

12,935

1,585

6,817

13,302

20,856

37,737

37,964

35,908

34,613

34,481

32,912

31,917

29,569

32,397

36,742

0

0

0

Costs and Expenses
Marketing, including purchased oil and gas

1,706

1,736

1,780

1,848

1,821

1,771

1,775

1,622

1,425

1,267

1,166

1,050

1,074

1,063

992

1,126

1,205

1,294

1,472

1,539

1,604

1,719

-888

-936

-936

1,725

4,222

4,206

4,117

1,333

-8,573

-2,751

3,758

10,528

26,283

25,432

23,907

23,407

23,191

22,930

22,319

20,961

23,120

26,388

0

0

0

Operating costs and expenses

1,274

1,237

1,164

1,109

1,112

1,134

1,200

1,287

1,373

1,443

1,649

1,717

1,798

1,876

1,824

1,911

1,959

2,029

2,029

2,032

2,074

2,034

2,196

2,160

2,125

2,244

2,119

2,212

2,252

2,202

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production and severance taxes

187

184

175

175

171

171

159

139

127

119

115

115

113

101

110

112

129

146

176

216

249

275

270

285

304

372

452

512

542

550

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Production expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,271

2,137

1,978

1,924

1,884

1,869

1,873

1,805

1,816

1,850

0

0

0

Marketing expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

814

1,087

1,053

1,051

1,021

996

1,004

1,004

1,008

1,008

1,035

0

0

0

Exploration expenses, including dry holes and lease impairment

388

233

218

337

356

362

627

499

489

507

1,184

1,221

1,368

1,442

787

853

744

881

674

620

990

840

1,127

1,191

931

1,031

935

1,040

1,036

1,070

1,134

1,074

1,135

1,195

1,086

1,112

1,027

865

705

647

787

829

829

820

0

0

0

Other operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

169

165

203

213

220

224

187

183

196

200

0

0

0

General and administrative expenses

412

397

357

410

450

473

503

471

437

422

405

400

411

414

450

463

508

557

581

601

593

588

619

632

657

673

644

626

602

576

508

551

581

613

712

686

671

662

668

665

642

647

614

622

0

0

0

Interest expense

395

380

384

393

394

399

380

360

344

325

329

334

337

338

340

340

341

341

669

660

489

323

624

463

431

406

-1,041

-851

-629

-419

406

396

388

383

390

390

376

361

352

355

367

360

337

305

0

0

0

Loss on debt extinguishment

-

-

0

0

-

-53

-53

-53

-27

0

-80

0

0

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, depletion and amortization

2,185

2,122

2,069

2,014

1,964

1,883

1,996

2,266

2,563

2,883

3,005

3,057

3,113

3,244

3,459

3,636

3,867

3,955

3,847

3,697

3,454

3,224

3,052

2,895

2,724

2,687

2,714

2,761

2,893

2,866

2,777

2,635

2,477

2,373

2,365

2,363

2,333

2,317

2,214

2,256

2,256

2,200

2,167

2,023

0

0

0

Impairment

0

-

-

-

0

-

-

-

-

-

0

-

-

-

0

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

0

0

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

Total costs and expenses

8,673

6,289

6,147

6,286

6,294

6,246

8,393

10,900

10,988

11,169

10,491

8,109

8,429

8,693

9,273

9,672

10,369

10,819

9,501

9,418

9,291

9,003

6,723

6,612

6,250

9,427

12,096

12,566

12,670

9,598

-915

5,094

11,680

18,616

34,721

33,870

32,078

31,302

30,816

30,004

29,489

28,047

30,087

33,243

0

0

0

Income (Loss) Before Income Taxes

-2,393

221

346

520

381

220

-2,318

-5,009

-5,461

-5,778

-5,010

-3,076

-3,329

-3,854

-4,428

-4,334

-4,365

-4,258

-1,799

-669

1,106

2,436

2,580

2,669

3,610

4,601

4,699

5,009

4,064

3,337

2,500

1,723

1,622

2,240

3,016

4,094

3,830

3,311

3,665

2,908

2,428

1,522

2,310

3,499

0

0

0

Provision (benefit) for income taxes

288

461

369

374

356

335

466

-1,629

-1,751

-1,837

1,194

2,852

2,555

2,222

-1,459

-1,443

-1,294

-1,299

-626

-94

154

744

-54

38

353

565

1,381

1,537

1,652

1,529

1,190

656

526

709

1,123

1,377

1,286

1,173

1,240

1,222

1,036

715

1,099

1,729

0

0

0

Income (Loss) from Continuing Operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,959

-1,173

-575

952

1,692

2,634

2,631

3,257

4,036

3,318

3,472

2,412

1,808

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48

-42

642

612

682

1,662

1,053

1,113

1,186

365

385

364

255

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss)

-2,681

-240

-23

146

25

-115

-2,784

-3,380

-3,710

-3,941

-6,204

-5,928

-5,884

-6,076

-2,977

-2,912

-3,106

-3,007

-1,215

67

1,564

2,374

4,296

3,684

4,370

5,222

3,683

3,857

2,776

2,063

1,553

1,228

1,262

1,676

1,893

2,717

2,544

2,138

2,425

1,686

1,392

807

1,211

1,770

0

0

0

Less: Net income (loss) attributable to noncontrolling interests

192

168

167

166

169

167

171

157

146

133

85

76

63

56

84

89

70

49

28

23

22

57

46

22

208

170

182

219

20

38

33

-33

-57

-27

1

-31

28

13

0

74

55

67

54

54

0

0

0

Net Income (Loss) Attributable to Hess Corporation

-2,873

-408

-190

-20

-144

-282

-2,955

-3,537

-3,856

-4,074

-6,289

-6,004

-5,947

-6,132

-3,061

-3,001

-3,176

-3,056

-1,243

44

1,542

2,317

4,250

3,662

4,162

5,052

3,501

3,638

2,756

2,025

1,520

1,261

1,319

1,703

1,892

2,748

2,516

2,125

2,425

1,612

1,337

740

1,157

1,716

0

0

0

Less: Preferred stock dividends

0

4

16

27

39

46

46

46

45

46

45

46

47

41

30

18

6

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Hess Corporation Common Stockholders

-2,873

-412

-206

-47

-183

-328

-3,001

-3,583

-3,901

-4,120

-6,334

-6,050

-5,994

-6,173

-3,091

-3,019

-3,182

-3,056

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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