$HES
HESS CORP

2012 Q4 Form 10-K Financial Statement

#000119312513084779 Filed on February 28, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2011 Q4 2010 Q4
Revenue $14.14B $9.764B $9.038B
YoY Change 44.8% 8.03% 4.82%
Cost Of Revenue $10.68B $7.325B $6.753B
YoY Change 45.8% 8.47% 3.94%
Gross Profit $3.458B $2.439B $2.285B
YoY Change 41.78% 6.74% 7.53%
Gross Profit Margin 24.46% 24.98% 25.28%
Selling, General & Admin $1.554B $504.0M $530.0M
YoY Change 208.33% -4.91% 2.32%
% of Gross Profit 44.94% 20.66% 23.19%
Research & Development $362.0M $426.0M $317.0M
YoY Change -15.02% 34.38% 101.91%
% of Gross Profit 10.47% 17.47% 13.87%
Depreciation & Amortization $730.0M $641.0M $633.0M
YoY Change 13.88% 1.26% 19.43%
% of Gross Profit 21.11% 26.28% 27.7%
Operating Expenses $2.702B $1.604B $1.480B
YoY Change 68.45% 8.38% 17.55%
Operating Profit $756.0M $835.0M $805.0M
YoY Change -9.46% 3.73% -7.04%
Interest Expense -$106.0M -$1.033B -$448.0M
YoY Change -89.74% 130.58% 189.03%
% of Operating Profit -14.02% -123.71% -55.65%
Other Income/Expense, Net
YoY Change
Pretax Income $507.0M -$198.0M $357.0M
YoY Change -356.06% -155.46% -49.79%
Income Tax $229.0M -$64.00M $274.0M
% Of Pretax Income 45.17% 76.75%
Net Earnings $374.0M -$131.0M $58.00M
YoY Change -385.5% -325.86% -83.8%
Net Earnings / Revenue 2.65% -1.34% 0.64%
Basic Earnings Per Share
Diluted Earnings Per Share $1.100M -$387.6K $175.2K
COMMON SHARES
Basic Shares Outstanding 341.5M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2011 Q4 2010 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $642.0M $351.0M $1.608B
YoY Change 82.91% -78.17% 18.06%
Cash & Equivalents $642.0M $351.0M $1.608B
Short-Term Investments
Other Short-Term Assets $1.056B $1.554B $1.002B
YoY Change -32.05% 55.09% -20.67%
Inventory $1.259B $1.423B $1.452B
Prepaid Expenses
Receivables $4.057B $4.761B $4.478B
Other Receivables $281.0M $250.0M $240.0M
Total Short-Term Assets $8.387B $8.339B $8.780B
YoY Change 0.58% -5.02% 9.93%
LONG-TERM ASSETS
Property, Plant & Equipment $28.81B $24.71B $21.13B
YoY Change 16.57% 16.97% 27.06%
Goodwill $2.208B $2.305B $2.408B
YoY Change -4.21% -4.28%
Intangibles
YoY Change
Long-Term Investments $443.0M $384.0M $443.0M
YoY Change 15.36% -13.32% -51.48%
Other Assets $470.0M $455.0M $2.638B
YoY Change 3.3% -82.75% -2.76%
Total Long-Term Assets $35.05B $30.80B $26.62B
YoY Change 13.82% 15.71% 23.92%
TOTAL ASSETS
Total Short-Term Assets $8.387B $8.339B $8.780B
Total Long-Term Assets $35.05B $30.80B $26.62B
Total Assets $43.44B $39.14B $35.40B
YoY Change 11.0% 10.57% 20.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.809B $3.712B $4.274B
YoY Change -24.33% -13.15% 1.21%
Accrued Expenses $3.287B $3.524B $2.567B
YoY Change -6.73% 37.28% 31.37%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $787.0M $52.00M $46.00M
YoY Change 1413.46% 13.04% -68.92%
Total Short-Term Liabilities $8.382B $8.100B $7.613B
YoY Change 3.48% 6.4% 11.14%
LONG-TERM LIABILITIES
Long-Term Debt $8.111B $6.057B $5.537B
YoY Change 33.91% 9.39% 28.2%
Other Long-Term Liabilities $1.658B $1.752B $2.442B
YoY Change -5.37% -28.26% -4.08%
Total Long-Term Liabilities $9.769B $7.809B $7.979B
YoY Change 25.1% -2.13% 16.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.382B $8.100B $7.613B
Total Long-Term Liabilities $9.769B $7.809B $7.979B
Total Liabilities $22.24B $20.54B $18.71B
YoY Change 8.25% 9.82% 16.33%
SHAREHOLDERS EQUITY
Retained Earnings $17.72B $15.83B
YoY Change 11.95%
Common Stock $3.866B $3.757B
YoY Change 2.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $21.09B $18.52B $16.69B
YoY Change
Total Liabilities & Shareholders Equity $43.44B $39.14B $35.40B
YoY Change 11.0% 10.57% 20.13%

Cashflow Statement

Concept 2012 Q4 2011 Q4 2010 Q4
OPERATING ACTIVITIES
Net Income $374.0M -$131.0M $58.00M
YoY Change -385.5% -325.86% -83.8%
Depreciation, Depletion And Amortization $730.0M $641.0M $633.0M
YoY Change 13.88% 1.26% 19.43%
Cash From Operating Activities $1.567B $1.138B $1.478B
YoY Change 37.7% -23.0% 16.29%
INVESTING ACTIVITIES
Capital Expenditures -$1.754B -$2.050B -$2.341B
YoY Change -14.44% -12.43% 153.08%
Acquisitions
YoY Change
Other Investing Activities $85.00M -$41.00M $75.00M
YoY Change -307.32% -154.67% -334.38%
Cash From Investing Activities -$1.669B -$2.091B -$2.266B
YoY Change -20.18% -7.72% 136.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 216.0M 477.0M 43.00M
YoY Change -54.72% 1009.3% -52.75%
NET CHANGE
Cash From Operating Activities 1.567B 1.138B 1.478B
Cash From Investing Activities -1.669B -2.091B -2.266B
Cash From Financing Activities 216.0M 477.0M 43.00M
Net Change In Cash 114.0M -476.0M -745.0M
YoY Change -123.95% -36.11% -283.95%
FREE CASH FLOW
Cash From Operating Activities $1.567B $1.138B $1.478B
Capital Expenditures -$1.754B -$2.050B -$2.341B
Free Cash Flow $3.321B $3.188B $3.819B
YoY Change 4.17% -16.52% 73.91%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18592000000
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1554000000
CY2012Q2 dei Entity Public Float
EntityPublicFloat
13123000000
CY2007Q4 hes Pre Tax Charge Against Corporation For Mtbe Cases
PreTaxChargeAgainstCorporationForMtbeCases
40000000
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13528000000
CY2009Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
1437000000
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1362000000
CY2009Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
327200000 shares
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16809000000
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
400000000
CY2010Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
1783000000
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1608000000
CY2010Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
337700000 shares
CY2010Q4 us-gaap Goodwill
Goodwill
2408000000
CY2010Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21127000000
CY2010Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
1358000000
CY2010Q4 hes Identifiable Assets
IdentifiableAssets
35396000000
CY2010Q4 hes Financial Assets And Liabilities Measured At Fair Value
FinancialAssetsAndLiabilitiesMeasuredAtFairValue
412000000
CY2011Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
8000000
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1071000000
CY2011Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2011Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
3975000000
CY2011Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
2941000000
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
415000000
CY2011Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
7317000000
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
15826000000
CY2011Q4 us-gaap Assets
Assets
39136000000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
351000000
CY2011Q4 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
29239000000
CY2011Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
2008000000
CY2011Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
306000000
CY2011Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
2022000000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1067000000
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
8100000000
CY2011Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3867000000
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
438000000
CY2011Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6005000000
CY2011Q4 us-gaap Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
895000000
CY2011Q4 us-gaap Other Inventory
OtherInventory
486000000
CY2011Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
488000000
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
508000000
CY2011Q4 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
556000000
CY2011Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
4064000000
CY2011Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4761000000
CY2011Q4 us-gaap Inventory Net
InventoryNet
1423000000
CY2011Q4 us-gaap Minority Interest
MinorityInterest
76000000
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
39710000000
CY2011Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4355000000
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
455000000
CY2011Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
227000000
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1204000000
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2843000000
CY2011Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
37278000000
CY2011Q4 us-gaap Debt Current
DebtCurrent
52000000
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
39136000000
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
339975610 shares
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
340000000
CY2011Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
812000000
CY2011Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
5426000000
CY2011Q4 us-gaap Goodwill
Goodwill
2305000000
CY2011Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
1276000000
CY2011Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
250000000
CY2011Q4 us-gaap Liabilities
Liabilities
20544000000
CY2011Q4 us-gaap Derivative Assets
DerivativeAssets
1527000000
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
6040000000
CY2011Q4 us-gaap Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
1566000000
CY2011Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
398000000
CY2011Q4 us-gaap Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
2060000000
CY2011Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
42000000
CY2011Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
332000000
CY2011Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3524000000
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24712000000
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
384000000
CY2011Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
302000000
CY2011Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2071000000
CY2011Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
396000000
CY2011Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
1844000000
CY2011Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
451000000
CY2011Q4 us-gaap Assets Current
AssetsCurrent
8339000000
CY2011Q4 us-gaap Assets Held For Sale At Carrying Value
AssetsHeldForSaleAtCarryingValue
764000000
CY2011Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
1493000000
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14998000000
CY2011Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
125000000
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6057000000
CY2011Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.72 pure
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3417000000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
18516000000
CY2011Q4 us-gaap Deferred Tax Assets Equity Method Investments
DeferredTaxAssetsEquityMethodInvestments
331000000
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1752000000
CY2011Q4 us-gaap Longterm Pollution Control Bond Current And Noncurrent
LongtermPollutionControlBondCurrentAndNoncurrent
53000000
CY2011Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3712000000
CY2011Q4 hes Identifiable Assets
IdentifiableAssets
39136000000
CY2011Q4 hes Outstanding Letters Of Credit
OutstandingLettersOfCredit
1698000000
CY2011Q4 hes After Tax Reduction To Equity Recorded In Accumulated Other Comprehensive Income Loss
AfterTaxReductionToEquityRecordedInAccumulatedOtherComprehensiveIncomeLoss
631000000
CY2011Q4 hes Cash Received As Collateral
CashReceivedAsCollateral
121000000
CY2011Q4 hes Cash Posted As Collateral
CashPostedAsCollateral
117000000
CY2011Q4 hes Marketing Refining And Corporate
MarketingRefiningAndCorporate
2432000000
CY2011Q4 hes Financial Assets And Liabilities Measured At Fair Value
FinancialAssetsAndLiabilitiesMeasuredAtFairValue
-143000000
CY2011Q4 hes Fixed Rate Notes
FixedRateNotes
5273000000
CY2011Q4 hes Fair Value Adjustments Interest Rate Hedging
FairValueAdjustmentsInterestRateHedging
53000000
CY2011Q4 hes Outstanding Letters Of Credit Uncommitted Lines
OutstandingLettersOfCreditUncommittedLines
462000000
CY2011Q4 hes Outstanding Letters Of Credit Committed Lines
OutstandingLettersOfCreditCommittedLines
1063000000
CY2011Q4 hes Outstanding Letters Of Credit Revolving Credit Facility
OutstandingLettersOfCreditRevolvingCreditFacility
173000000
CY2011Q4 hes Other Liabilities Measured At Fair Value On Recurring Basis
OtherLiabilitiesMeasuredAtFairValueOnRecurringBasis
52000000
CY2011Q4 hes Other Debt
OtherDebt
19000000
CY2011Q4 hes Other Fixed Rate Notes
OtherFixedRateNotes
112000000
CY2011Q4 hes Other Assets Measured At Fair Value On Recurring Basis
OtherAssetsMeasuredAtFairValueOnRecurringBasis
39000000
CY2011Q4 hes Net Crude Oil Natural Gas And Refined Product Inventories
NetCrudeOilNaturalGasAndRefinedProductInventories
937000000
CY2011Q4 hes Refined Products And Natural Gas
RefinedProductsAndNaturalGas
1762000000
CY2011Q4 hes Project Lease Financing
ProjectLeaseFinancing
90000000
CY2011Q4 hes Property Plant And Equipment And Investments
PropertyPlantAndEquipmentAndInvestments
3742000000
CY2011Q4 hes Property Plant And Equipment Deferred Tax Assets
PropertyPlantAndEquipmentDeferredTaxAssets
2217000000
CY2011Q4 hes Leased Floating Production System
LeasedFloatingProductionSystem
7000000
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
341527617 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
32000000
CY2012Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
9000000
CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
102000000
CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
101000000
CY2012Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1282000000
CY2012Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
600000000 shares
CY2012Q4 us-gaap Other Assets Current
OtherAssetsCurrent
2148000000
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21203000000
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
224000000
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
523000000
CY2012Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
8887000000
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
115000000
CY2012Q4 us-gaap Capitalized Exploratory Well Costs
CapitalizedExploratoryWellCosts
2259000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
1060000000
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-493000000
CY2012Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
141000000
CY2012Q4 us-gaap Liabilities Current
LiabilitiesCurrent
8382000000
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Alternative Minimum Tax
DeferredTaxAssetsTaxCreditCarryforwardsAlternativeMinimumTax
148000000
CY2012Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4987000000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Asset Retirement Obligations
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAssetRetirementObligations
508000000
CY2012Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7324000000
CY2012Q4 us-gaap Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
880000000
CY2012Q4 us-gaap Proved Oil And Gas Property Successful Effort Method
ProvedOilAndGasPropertySuccessfulEffortMethod
4072000000
CY2012Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
3126000000
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
17717000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals
OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals
43000000
CY2012Q4 us-gaap Assets
Assets
43441000000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
642000000
CY2012Q4 us-gaap Capitalized Costs Wells And Related Equipment And Facilities
CapitalizedCostsWellsAndRelatedEquipmentAndFacilities
35385000000
CY2012 hes Stock Option Plan Expense After Income Tax
StockOptionPlanExpenseAfterIncomeTax
21000000
CY2012Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
567000000
CY2012Q4 us-gaap Other Inventory
OtherInventory
527000000
CY2012Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
1051000000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
13000000
CY2012Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
976000000
CY2012Q4 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
539000000
CY2012Q4 us-gaap Unproved Oil And Gas Property Successful Effort Method
UnprovedOilAndGasPropertySuccessfulEffortMethod
3558000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
125000000
CY2012Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4057000000
CY2012Q4 us-gaap Inventory Net
InventoryNet
1259000000
CY2012Q4 us-gaap Minority Interest
MinorityInterest
113000000
CY2012Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
0
CY2012Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
435000000
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
45553000000
CY2012Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
6038000000
CY2012Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
470000000
CY2012Q4 us-gaap Asset Retirement Obligation Current
AssetRetirementObligationCurrent
449000000
CY2012Q4 us-gaap Derivative Nonmonetary Notional Amount Price Per Barrel
DerivativeNonmonetaryNotionalAmountPricePerBarrel
107.70
CY2012Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1985000000
CY2012Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2662000000
CY2012Q4 us-gaap Capitalized Costs Oil And Gas Producing Activities Gross
CapitalizedCostsOilAndGasProducingActivitiesGross
43015000000
CY2012Q4 us-gaap Debt Current
DebtCurrent
787000000
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
43441000000
CY2012Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
341527617 shares
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
342000000
CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
960000000
CY2012Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
7320000000
CY2012Q4 us-gaap Goodwill
Goodwill
2208000000
CY2012Q4 us-gaap Defined Benefit Plan Estimated Future Employer Contributions In Current Fiscal Year
DefinedBenefitPlanEstimatedFutureEmployerContributionsInCurrentFiscalYear
140000000
CY2012Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
1123000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
227000000
CY2012Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
281000000
CY2012Q4 us-gaap Liabilities
Liabilities
22238000000
CY2012Q4 us-gaap Derivative Assets
DerivativeAssets
569000000
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
7361000000
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
DeferredTaxAssetsTaxCreditCarryforwardsGeneralBusiness
1000000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
524000000
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
243000000
CY2012Q4 us-gaap Assets Fair Value Disclosure Recurring
AssetsFairValueDisclosureRecurring
621000000
CY2012Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
596000000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
6000000
CY2012Q4 us-gaap Liabilities Fair Value Disclosure Recurring
LiabilitiesFairValueDisclosureRecurring
609000000
CY2012Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
60000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
604000000
CY2012Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
313000000
CY2012Q4 us-gaap Assets Current
AssetsCurrent
8387000000
CY2012Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
CapitalizedExploratoryWellCostsThatHaveBeenCapitalizedForPeriodGreaterThanOneYear
1807000000
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
466000000
CY2012Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
373000000
CY2012Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
2212000000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1604000000
CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
113000000
CY2012Q4 us-gaap Crude Oil And Natural Gas Liquids
CrudeOilAndNaturalGasLiquids
493000000
CY2012Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3826000000
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28807000000
CY2012Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
443000000
CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
119000000
CY2012Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
86000000
CY2012Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
2661000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
700000000
CY2012Q4 us-gaap Additional Collateral Aggregate Fair Value
AdditionalCollateralAggregateFairValue
275000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
2843000000
CY2012Q4 us-gaap Assets Held For Sale At Carrying Value
AssetsHeldForSaleAtCarryingValue
1092000000
CY2012Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
1763000000
CY2012Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2012Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16746000000
CY2012Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
36000000
CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
8111000000
CY2012Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.069 pure
CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
98000000
CY2012Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
58.99
CY2012Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.71 pure
CY2012Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
3524000000
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
21090000000
CY2012Q4 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50 pure
CY2012Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
61.45
CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
32000000
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1658000000
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
101000000
CY2012Q4 us-gaap Longterm Pollution Control Bond Current And Noncurrent
LongtermPollutionControlBondCurrentAndNoncurrent
53000000
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
127000000
CY2012Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
677000000
CY2012Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2809000000
CY2012Q4 hes Net Minimum Lease Payments
NetMinimumLeasePayments
2800000000
CY2012Q4 hes Identifiable Assets
IdentifiableAssets
43441000000
CY2012Q4 hes Outstanding Letters Of Credit
OutstandingLettersOfCredit
746000000
CY2012Q4 hes Age Of Qualified Retirees Maximum
AgeOfQualifiedRetireesMaximum
65 Y
CY2012Q4 hes Age Of Qualified Retirees Minimum
AgeOfQualifiedRetireesMinimum
55 Y
CY2012Q4 hes Options Exercisable
OptionsExercisable
10789000 shares
CY2012Q4 hes Number Of Barrels Per Day Hedged Crude Oil Cash Flow Hedges
NumberOfBarrelsPerDayHedgedCrudeOilCashFlowHedges
120000 bbl
CY2012Q4 hes After Tax Reduction To Equity Recorded In Accumulated Other Comprehensive Income Loss
AfterTaxReductionToEquityRecordedInAccumulatedOtherComprehensiveIncomeLoss
639000000
CY2012Q4 hes Additional Debt For Construction Or Acquisition Of Assets
AdditionalDebtForConstructionOrAcquisitionOfAssets
27200000000
CY2012Q4 hes Additional Secured Debt Available
AdditionalSecuredDebtAvailable
4900000000
CY2012Q4 hes Accounts Receivable Used To Collateralize Outstanding Letters Of Credit Under Credit Facility
AccountsReceivableUsedToCollateralizeOutstandingLettersOfCreditUnderCreditFacility
1050000000
CY2012Q4 hes Cash Received As Collateral
CashReceivedAsCollateral
34000000
CY2012Q4 hes Approximate Amount Of Deferred Tax Liability That Would Be Recognized If Foreign Operations Earnings Are Not Indefinitely Reinvested
ApproximateAmountOfDeferredTaxLiabilityThatWouldBeRecognizedIfForeignOperationsEarningsAreNotIndefinitelyReinvested
2300000000
CY2012Q4 hes Asset Backed Facility Classified As Long Term Debt
AssetBackedFacilityClassifiedAsLongTermDebt
600000000
CY2012Q4 hes Cash Posted As Collateral
CashPostedAsCollateral
5000000
CY2012Q4 hes Gross Deferred Assets Before Application Of Valuation Allowance
GrossDeferredAssetsBeforeApplicationOfValuationAllowance
1985000000
CY2012Q4 hes High End Of Range Of Potential Unrecognized Tax Benefits Reasonably Possible To Be Reduced By Settlements Or Lapses Of Statutes Of Limitation
HighEndOfRangeOfPotentialUnrecognizedTaxBenefitsReasonablyPossibleToBeReducedBySettlementsOrLapsesOfStatutesOfLimitation
35000000
CY2012Q4 hes Low End Of Range Of Potential Unrecognized Tax Benefits Reasonably Possible To Be Reduced By Settlements Or Lapses Of Statutes Of Limitation
LowEndOfRangeOfPotentialUnrecognizedTaxBenefitsReasonablyPossibleToBeReducedBySettlementsOrLapsesOfStatutesOfLimitation
25000000
CY2012Q4 hes Marketing Refining And Corporate
MarketingRefiningAndCorporate
2538000000
CY2012Q4 hes Letters Of Credit Outstanding Balance Sheet Liabilities
LettersOfCreditOutstandingBalanceSheetLiabilities
605000000
CY2012Q4 hes Financial Assets And Liabilities Measured At Fair Value
FinancialAssetsAndLiabilitiesMeasuredAtFairValue
141000000
CY2012Q4 hes Fixed Rate Notes
FixedRateNotes
5274000000
CY2012Q4 hes Fixed Rate Notes Principle Amount
FixedRateNotesPrincipleAmount
5300000000
CY2012Q4 hes Employee Service Share Based Compensation Unrecognized Compensation Costs On Nonvested Awards Due Within Three Years
EmployeeServiceShareBasedCompensationUnrecognizedCompensationCostsOnNonvestedAwardsDueWithinThreeYears
8000000
CY2012Q4 hes Employee Service Share Based Compensation Unrecognized Compensation Costs On Nonvested Awards Due Within Twelve Months
EmployeeServiceShareBasedCompensationUnrecognizedCompensationCostsOnNonvestedAwardsDueWithinTwelveMonths
69000000
CY2012Q4 hes Employee Service Share Based Compensation Unrecognized Compensation Costs On Nonvested Awards Due With In Two Years
EmployeeServiceShareBasedCompensationUnrecognizedCompensationCostsOnNonvestedAwardsDueWithInTwoYears
43000000
CY2012Q4 hes Fair Value Adjustments Interest Rate Hedging
FairValueAdjustmentsInterestRateHedging
65000000
CY2012Q4 hes Estimated Value Of Purchase Obligation To Acquire Remaining Interest In Retail Gasoline Station Joint Venture
EstimatedValueOfPurchaseObligationToAcquireRemainingInterestInRetailGasolineStationJointVenture
210000000
CY2012Q4 hes Short Term Credit Facilities
ShortTermCreditFacilities
890000000
CY2012Q4 hes Undistributed Earnings From Foreign Subsidiaries Expected To Be Indefinitely Reinvested In Foreign Operations
UndistributedEarningsFromForeignSubsidiariesExpectedToBeIndefinitelyReinvestedInForeignOperations
6700000000
CY2012Q4 hes Outstanding Letters Of Credit Uncommitted Lines
OutstandingLettersOfCreditUncommittedLines
283000000
CY2012Q4 hes Outstanding Letters Of Credit Committed Lines
OutstandingLettersOfCreditCommittedLines
463000000
CY2012Q4 hes Other Liabilities Measured At Fair Value On Recurring Basis
OtherLiabilitiesMeasuredAtFairValueOnRecurringBasis
42000000
CY2012Q4 hes Other Debt
OtherDebt
2000000
CY2012Q4 hes Other Fixed Rate Notes
OtherFixedRateNotes
111000000
CY2012Q4 hes Other Assets Measured At Fair Value On Recurring Basis
OtherAssetsMeasuredAtFairValueOnRecurringBasis
52000000
CY2012Q4 hes Net Crude Oil Natural Gas And Refined Product Inventories
NetCrudeOilNaturalGasAndRefinedProductInventories
732000000
CY2012Q4 hes Net Borrowings
NetBorrowings
1845000000
CY2012Q4 hes Refined Products And Natural Gas
RefinedProductsAndNaturalGas
1362000000
CY2012Q4 hes Project Lease Financing
ProjectLeaseFinancing
78000000
CY2012Q4 hes Property Plant And Equipment And Investments
PropertyPlantAndEquipmentAndInvestments
4951000000
CY2012Q4 hes Property Plant And Equipment Deferred Tax Assets
PropertyPlantAndEquipmentDeferredTaxAssets
3165000000
CY2012Q4 hes Options Outstanding
OptionsOutstanding
12903000 shares
CY2012Q4 hes Long Term Debt Maturities Repayments Of Principal In Year One
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearOne
37000000
CY2012Q4 hes Leased Floating Production System
LeasedFloatingProductionSystem
180000000
hes Crude Oil Refining Capacity After Strategic Assessment
CrudeOilRefiningCapacityAfterStrategicAssessment
350000 bbl
hes Crude Oil Refining Capacity Before Strategic Assessment
CrudeOilRefiningCapacityBeforeStrategicAssessment
500000 bbl
CY2012Q1 hes Percentage Production Of Refined Products No Longer Purchased By Corporation Following Refinery Closure In Next Fiscal Year
PercentageProductionOfRefinedProductsNoLongerPurchasedByCorporationFollowingRefineryClosureInNextFiscalYear
0.50 pure
CY2010Q4 hes After Tax Charge To Reduce Carrying Value Of Corporations Equity Investment
AfterTaxChargeToReduceCarryingValueOfCorporationsEquityInvestment
289000000
CY2010Q4 hes Pre Tax Charge To Reduce Carrying Value Of Corporations Equity Investment
PreTaxChargeToReduceCarryingValueOfCorporationsEquityInvestment
300000000
CY2011Q4 hes Estimated Share Of Future Funding Commitments Related To Shutdown
EstimatedShareOfFutureFundingCommitmentsRelatedToShutdown
487000000
CY2010 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
65000000
CY2010 us-gaap Asset Impairment Charges
AssetImpairmentCharges
532000000
CY2010 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1100000 shares
CY2010 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2317000000
CY2010 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
237000000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3419000000
CY2010 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
54000000
CY2010 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
180000000
CY2010 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-522000000
CY2010 us-gaap Profit Loss
ProfitLoss
2138000000
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
106000000
CY2010 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5259000000
CY2010 us-gaap Capitalized Exploratory Well Cost Charged To Expense
CapitalizedExploratoryWellCostChargedToExpense
110000000
CY2010 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
27000000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-108000000
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
326000000 shares
CY2010 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
213000000
CY2010 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
351000000
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.354 pure
CY2010 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
183000000
CY2010 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
31000000
CY2010 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
132000000
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-128000000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
404000000
CY2010 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
28000000
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
112000000
CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.026 pure
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
656000000
CY2010 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
246000000
CY2010 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1500000 shares
CY2010 us-gaap Exploration Expense
ExplorationExpense
865000000
CY2010 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
1208000000
CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.094 pure
CY2010 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
260000000
CY2010 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
5000000
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-326000000
CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
517000000
CY2010 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
60000000
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.52
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16000000
CY2012 hes Transactions With Noncontrolling Interests Net
TransactionsWithNoncontrollingInterestsNet
3000000
CY2010 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-495000000
CY2010 us-gaap Net Income Loss
NetIncomeLoss
2125000000
CY2010 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
760000000
CY2010 us-gaap Costs And Expenses
CostsAndExpenses
31302000000
CY2010 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
14000000
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.47
CY2010 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2010 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
458000000
CY2010 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
662000000
CY2010 us-gaap Restricted Stock Expense
RestrictedStockExpense
60000000
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
328300000 shares
CY2010 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
800000 shares
CY2010 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
975000000
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2641000000
CY2010 us-gaap Exploration And Production Costs
ExplorationAndProductionCosts
1924000000
CY2010 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
675000000
CY2010 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
1285000000
CY2010 us-gaap Exploratory Wells Drilled Net Productive
ExploratoryWellsDrilledNetProductive
77 Well
CY2010 us-gaap Interest Expense Debt
InterestExpenseDebt
361000000
CY2010 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
87000000
CY2010 us-gaap Revenues
Revenues
34613000000
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
1060000000
CY2010 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-5000000
CY2010 us-gaap Interest Paid Net
InterestPaidNet
319000000
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1173000000
CY2010 us-gaap Payments Of Dividends
PaymentsOfDividends
131000000
CY2010 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13000000
CY2010 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
2000000
CY2010 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1141000000
CY2010 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
266000000
CY2010 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-1000000
CY2010 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
52000000
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5492000000
CY2010 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-522000000
CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
24000000
CY2010 us-gaap Trading Activity Gains And Losses Net
TradingActivityGainsAndLossesNet
103000000
CY2010 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
13000000
CY2010 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
151000000
CY2010 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1515000000
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1450000000
CY2012 hes Unrealized Gains Losses Included In Earnings
UnrealizedGainsLossesIncludedInEarnings
-78000000
CY2012 hes Unrealized Gains Losses Included In Other Comprehensive Income
UnrealizedGainsLossesIncludedInOtherComprehensiveIncome
44000000
CY2010 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-50000000
CY2010 us-gaap Oil And Gas Revenue
OilAndGasRevenue
33862000000
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3311000000
CY2010 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5200000 shares
CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-230000000
CY2010 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
273000000
CY2010 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2655000000
CY2010 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
800000 shares
CY2010 us-gaap Interest Expense
InterestExpense
361000000
CY2010 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
95000000
CY2010 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4530000000
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-198000000
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.009 pure
CY2010 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1278000000
CY2010 hes Investments In Affiliates
InvestmentsInAffiliates
443000000
CY2010 hes Cost Of Products Sold Other
CostOfProductsSoldOther
23407000000
CY2010 hes Common Stock Issued For Acquisition
CommonStockIssuedForAcquisition
648000000
CY2010 hes Capital Employed
CapitalEmployed
22392000000
CY2010 hes Marketing Expenses
MarketingExpenses
1021000000
CY2010 hes Exploratory Well Costs Incurred And Subsequently Expensed
ExploratoryWellCostsIncurredAndSubsequentlyExpensed
127000000
CY2010 hes Excise And Similar Taxes
ExciseAndSimilarTaxes
2200000000
CY2010 hes Dispositions
Dispositions
132000000
CY2010 hes Stock Option Plan Expense After Income Tax
StockOptionPlanExpenseAfterIncomeTax
32000000
CY2010 hes Transactions With Noncontrolling Interests Net
TransactionsWithNoncontrollingInterestsNet
46000000
CY2010 hes Non Controlling Interests Net
NonControllingInterestsNet
-56000000
CY2010 hes Share Based Compensation After Income Tax
ShareBasedCompensationAfterIncomeTax
69000000
CY2010 hes Restricted Stock Expense After Income Tax
RestrictedStockExpenseAfterIncomeTax
37000000
CY2010 hes Effect Of Equity Loss And Operations Related To Equity Investment
EffectOfEquityLossAndOperationsRelatedToEquityInvestment
0.031 pure
CY2010 hes Gain On Assets Sales
GainOnAssetsSales
-0.104 pure
CY2010 hes Issued For Acquisition
IssuedForAcquisition
8600000 shares
CY2010 hes Deferred Income Tax Expense Benefit Excluding One Time Adjustment
DeferredIncomeTaxExpenseBenefitExcludingOneTimeAdjustment
-309000000
CY2011 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
32000000
CY2011 us-gaap Asset Impairment Charges
AssetImpairmentCharges
358000000
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1700000 shares
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2406000000
CY2011 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
438000000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
2250000000
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
88000000
CY2011 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
100000000
CY2011 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
103000000
CY2011 us-gaap Asset Retirement Obligation Foreign Currency Translation
AssetRetirementObligationForeignCurrencyTranslation
-21000000
CY2011 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-1073000000
CY2011 us-gaap Profit Loss
ProfitLoss
1676000000
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
139000000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
104000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.016 pure
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6566000000
CY2011 us-gaap Capitalized Exploratory Well Cost Charged To Expense
CapitalizedExploratoryWellCostChargedToExpense
90000000
CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-391000000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
211000000
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
336900000 shares
CY2011 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
171000000
CY2011 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
654000000
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.319 pure
CY2011 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
490000000
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-94000000
CY2011 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
136000000
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
2000000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
258000000
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-246000000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
432000000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1257000000
CY2011 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1400000 shares
CY2011 us-gaap Exploration Expense
ExplorationExpense
1195000000
CY2011 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
446000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.041 pure
CY2011 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
336000000
CY2011 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
947000000
CY2011 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
13000000
CY2011 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
100000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.012 pure
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
4000000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
94000000
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.05
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-4000000
CY2011 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
53000000
CY2011 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-623000000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
1703000000
CY2011 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
243000000
CY2011 us-gaap Costs And Expenses
CostsAndExpenses
35410000000
CY2011 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-25000000
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.01
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
8000000
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2011 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
434000000
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
702000000
CY2011 us-gaap Restricted Stock Expense
RestrictedStockExpense
53000000
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
339900000 shares
CY2011 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1600000 shares
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
325000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2011 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
96000000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1795000000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
62000000
CY2011 us-gaap Exploration And Production Costs
ExplorationAndProductionCosts
2352000000
CY2011 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
512000000
CY2011 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
1125000000
CY2011 us-gaap Exploratory Wells Drilled Net Productive
ExploratoryWellsDrilledNetProductive
59 Well
CY2011 us-gaap Interest Expense Debt
InterestExpenseDebt
383000000
CY2011 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
171000000
CY2011 us-gaap Revenues
Revenues
37871000000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
20000000
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
690000000
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-29000000
CY2011 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-84000000
CY2011 us-gaap Interest Paid Net
InterestPaidNet
383000000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
785000000
CY2011 us-gaap Payments Of Dividends
PaymentsOfDividends
136000000
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-27000000
CY2011 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
-4000000
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
544000000
CY2011 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
301000000
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-145000000
CY2011 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
51000000
CY2011 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7006000000
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1073000000
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
28000000
CY2011 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
334000000
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
59000000
CY2011 us-gaap Trading Activity Gains And Losses Net
TradingActivityGainsAndLossesNet
16000000
CY2011 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
12000000
CY2011 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
202000000
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1185000000
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1384000000
CY2011 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
50000000
CY2011 us-gaap Oil And Gas Revenue
OilAndGasRevenue
38466000000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2461000000
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3500000 shares
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-60000000
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
348000000
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1770000000
CY2011 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
600000 shares
CY2011 us-gaap Interest Expense
InterestExpense
383000000
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
46000000
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4984000000
CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
2000000
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.004 pure
CY2011 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
25000000
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
422000000
CY2011 hes Transfers Into Level Three
TransfersIntoLevelThree
114000000
CY2011 hes Transfers Out Of Level Three
TransfersOutOfLevelThree
-69000000
CY2011 hes Investments In Affiliates
InvestmentsInAffiliates
384000000
CY2011 hes Number Of Mtbe Unresolved Cases
NumberOfMtbeUnresolvedCases
2 Cases
CY2011 hes Adjustment Of Deferred Tax Liability For Foreign Income Tax Rate Change
AdjustmentOfDeferredTaxLiabilityForForeignIncomeTaxRateChange
29000000
CY2011 hes Cost Of Products Sold Other
CostOfProductsSoldOther
26774000000
CY2011 hes Capital Employed
CapitalEmployed
24649000000
CY2011 hes Income Loss From Equity Method Investments Related To Shutdown
IncomeLossFromEquityMethodInvestmentsRelatedToShutdown
-525000000
CY2011 hes Income Loss From Equity Method Investments Related To Shutdown Before Income Tax
IncomeLossFromEquityMethodInvestmentsRelatedToShutdownBeforeIncomeTax
-875000000
CY2011 hes Marketing Expenses
MarketingExpenses
1069000000
CY2011 hes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Asset Liabilities Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetAssetLiabilitiesPurchases
2294000000
CY2011 hes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Assets Liabilities Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetAssetsLiabilitiesSales
2524000000
CY2011 hes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Assets Liabilities Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetAssetsLiabilitiesSettlements
115000000
CY2011 hes Exploratory Well Costs Incurred And Subsequently Expensed
ExploratoryWellCostsIncurredAndSubsequentlyExpensed
348000000
CY2011 hes Excise And Similar Taxes
ExciseAndSimilarTaxes
2350000000
CY2011 hes Deferred Income Tax Benefit Related To Shutdown
DeferredIncomeTaxBenefitRelatedToShutdown
350000000
CY2011 hes Dispositions
Dispositions
12000000
CY2011 hes Stock Option Plan Expense After Income Tax
StockOptionPlanExpenseAfterIncomeTax
31000000
CY2011 hes Transactions With Noncontrolling Interests Net
TransactionsWithNoncontrollingInterestsNet
49000000
CY2011 hes Unrealized Gains Losses Included In Earnings
UnrealizedGainsLossesIncludedInEarnings
-52000000
CY2011 hes Unrealized Gains Losses Included In Other Comprehensive Income
UnrealizedGainsLossesIncludedInOtherComprehensiveIncome
25000000
CY2011 hes Non Controlling Interests Net
NonControllingInterestsNet
-43000000
CY2011 hes Share Based Compensation After Income Tax
ShareBasedCompensationAfterIncomeTax
63000000
CY2011 hes Restricted Stock Expense After Income Tax
RestrictedStockExpenseAfterIncomeTax
32000000
CY2011 hes Effect Of Equity Loss And Operations Related To Equity Investment
EffectOfEquityLossAndOperationsRelatedToEquityInvestment
0.028 pure
CY2011 hes Gain On Assets Sales
GainOnAssetsSales
-0.050 pure
CY2011 hes Write Off Of Subsidiary Assets
WriteOffOfSubsidiaryAssets
135000000
CY2011 hes Deferred Income Tax Expense Benefit Excluding One Time Adjustment
DeferredIncomeTaxExpenseBenefitExcludingOneTimeAdjustment
-588000000
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
98000000
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0000004447
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Trading Symbol
TradingSymbol
HES
CY2012 dei Entity Registrant Name
EntityRegistrantName
HESS CORP
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012 us-gaap Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
0.0025 pure
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
598000000
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
200000 shares
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2949000000
CY2012 us-gaap Exploration Abandonment And Impairment Expense
ExplorationAbandonmentAndImpairmentExpense
377000000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
3949000000
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11000000
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
433000000
CY2012 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
97000000
CY2012 us-gaap Asset Retirement Obligation Foreign Currency Translation
AssetRetirementObligationForeignCurrencyTranslation
64000000
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
338400000 shares
CY2012 us-gaap Profit Loss
ProfitLoss
2063000000
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
44000000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7051000000
CY2012 us-gaap Capitalized Exploratory Well Cost Charged To Expense
CapitalizedExploratoryWellCostChargedToExpense
129000000
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansNetUnamortizedGainLossArisingDuringPeriodBeforeTax
-15000000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-211000000
CY2012 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
166000000
CY2012 us-gaap Effect Of Lifo Inventory Liquidation On Income
EffectOfLIFOInventoryLiquidationOnIncome
104000000
CY2012 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
406000000
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.448 pure
CY2012 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
843000000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
256000000
CY2012 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
136000000
CY2012 us-gaap Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
395000000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-60000000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
252000000
CY2012 us-gaap Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
1.25% above the London Interbank Offered Rate.
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-8000000
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
99000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.006 pure
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
424000000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
291000000
CY2012 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1100000 shares
CY2012 us-gaap Exploration Expense
ExplorationExpense
1070000000
CY2012 us-gaap Gain Loss On Sale Of Oil And Gas Property
GainLossOnSaleOfOilAndGasProperty
584000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.113 pure
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
360000000
CY2012 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
529000000
CY2012 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
28000000
CY2012 us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
1648000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.031 pure
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-156000000
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
576000000
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.98
CY2012 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Nature of Business:&#xA0;</i></b>Hess Corporation and its subsidiaries (the Corporation or Hess) operate in two segments, Exploration and Production (E&amp;P) and Marketing and Refining (M&amp;R). The E&amp;P segment explores for, develops, produces, purchases, transports and sells crude oil and natural gas. The M&amp;R segment purchases, markets and trades refined petroleum products, natural gas and electricity. The Corporation also operates terminals and retail gasoline stations, most of which include convenience stores, that are located on the East Coast of the United States.&#xA0;Through February 2013, the Corporation also manufactured refined petroleum products.&#xA0;In January 2013, the Corporation announced its decision to cease refining operations at its Port Reading facility in February and pursue the sale of its terminal network.&#xA0;In January 2012, HOVENSA L.L.C. (HOVENSA), a 50% owned joint venture in the U.S. Virgin Islands, shut down its refinery. HOVENSA plans to operate the complex as an oil storage terminal while the Corporation and its joint venture partner pursue a sale of HOVENSA.</font></p> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">The Corporation has made significant progress in its transformation from an integrated oil and gas company to a predominantly E&amp;P company following the shutdown of the HOVENSA joint venture refinery and its decision to cease refining operations at its Port Reading facility and pursue the sale of its terminal network.&#xA0;The Corporation has also shifted its E&amp;P growth strategy from one based primarily on high impact exploration to one based on a combination of the development of unconventional resources, exploitation of existing discoveries and a smaller, more focused exploratory program.</font></p> </div>
CY2012 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-168000000
CY2012 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
57000000
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-459000000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
2025000000
CY2012 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-634000000
CY2012 us-gaap Costs And Expenses
CostsAndExpenses
34635000000
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
40000000
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.95
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
33000000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2599000000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
132000000
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
328000000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
707000000
CY2012 us-gaap Restricted Stock Expense
RestrictedStockExpense
57000000
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
340300000 shares
CY2012 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
800000 shares
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1682000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2012 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
135000000
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
6000000
CY2012 us-gaap Exploration And Production Costs
ExplorationAndProductionCosts
2752000000
CY2012 us-gaap Capitalized Exploratory Well Cost Additions Pending Determination Of Proved Reserves
CapitalizedExploratoryWellCostAdditionsPendingDeterminationOfProvedReserves
407000000
CY2012 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
1801000000
CY2012 us-gaap Exploratory Wells Drilled Net Productive
ExploratoryWellsDrilledNetProductive
68 Well
CY2012 us-gaap Interest Expense Debt
InterestExpenseDebt
419000000
CY2012 us-gaap Reclassification To Well Facilities And Equipment Based On Determination Of Proved Reserves
ReclassificationToWellFacilitiesAndEquipmentBasedOnDeterminationOfProvedReserves
41000000
CY2012 us-gaap Revenues
Revenues
38373000000
CY2012 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
45000000
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
676000000
CY2012 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
37000000
CY2012 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
169000000
CY2012 us-gaap Interest Paid Net
InterestPaidNet
419000000
CY2012 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
324000000
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1822000000
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
99000000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1675000000
CY2012 us-gaap Payments Of Dividends
PaymentsOfDividends
171000000
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
38000000
CY2012 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-30000000
CY2012 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
223000000
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
-7000000
CY2012 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
34000000
CY2012 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7795000000
CY2012 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y
CY2012 us-gaap Line Of Credit Facility Increase Additional Borrowings
LineOfCreditFacilityIncreaseAdditionalBorrowings
758000000
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P5Y
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
40000000
CY2012 hes New Syndicated Revolving Credit Facility
NewSyndicatedRevolvingCreditFacility
4000000000
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
30000000
CY2012 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
53000000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
30000000
CY2012 us-gaap Trading Activity Gains And Losses Net
TradingActivityGainsAndLossesNet
117000000
CY2012 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
15000000
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2019000000
CY2012 us-gaap Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
P2Y
CY2012 hes Non Controlling Interests Net
NonControllingInterestsNet
-1000000
CY2012 us-gaap Oil And Gas Revenue
OilAndGasRevenue
37691000000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3738000000
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9200000 shares
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-218000000
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
375000000
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
2639000000
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Estimates and Assumptions:</i></b> In preparing financial statements in conformity with U.S. generally accepted accounting principles (GAAP), management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the Consolidated Balance Sheet and revenues and expenses in the Statement of Consolidated Income. Actual results could differ from those estimates. Among the estimates made by management are oil and gas reserves, asset valuations, depreciable lives, pension liabilities, legal and environmental obligations, asset retirement obligations and income taxes.</font></p> </div>
CY2012 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
1300000 shares
CY2012 us-gaap Interest Expense
InterestExpense
419000000
CY2012 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
28000000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5660000000
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-96000000
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.008 pure
CY2012 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
186000000
CY2012 hes Share Based Compensation After Income Tax
ShareBasedCompensationAfterIncomeTax
61000000
CY2012 hes Share Based Compensation Arrangement By Payment Award Options Amount Grants In Period Gross
ShareBasedCompensationArrangementByPaymentAwardOptionsAmountGrantsInPeriodGross
8000000
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
630000000
CY2012 hes Transfers Into Level Three
TransfersIntoLevelThree
-99000000
CY2012 hes Transfers Out Of Level Three
TransfersOutOfLevelThree
-33000000
CY2012 hes Investments In Affiliates
InvestmentsInAffiliates
443000000
CY2012 hes Share Based Compensation Arrangement By Share Based Payment Award Award Expiration Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardExpirationTerm
P10Y
CY2012 hes Performance Share Unit Expense
PerformanceShareUnitExpense
8000000
CY2012 hes Contingent Purchase Obligation Expiring Date
ContingentPurchaseObligationExpiringDate
April 2014
CY2012 hes Number Of Months Impacting Effective Income Tax Rate If Unrecognized Tax Benefits Are Recognized
NumberOfMonthsImpactingEffectiveIncomeTaxRateIfUnrecognizedTaxBenefitsAreRecognized
P12M
CY2012 hes Period For Comparison Of Shareholder Return
PeriodForComparisonOfShareholderReturn
P3Y
CY2012 hes Facility Tenor
FacilityTenor
P364D
CY2012 hes Length Of Time Over Which Corporation Hedges Exposure To Variability In Future Cash Flows
LengthOfTimeOverWhichCorporationHedgesExposureToVariabilityInFutureCashFlows
One year or less
CY2012 hes Date Expiration Begins On Foreign Tax Credit Carryforwards
DateExpirationBeginsOnForeignTaxCreditCarryforwards
2016
CY2012 hes Maturity Of Revolving Credit Facilities
MaturityOfRevolvingCreditFacilities
2016-04
CY2012 hes Corporation Closed Crude Oil Cash Flow Hedges
CorporationClosedCrudeOilCashFlowHedges
24000 bbl
CY2012 hes Number Of Predetermined Peer Companies For Comparison Of Shareholder Return
NumberOfPredeterminedPeerCompaniesForComparisonOfShareholderReturn
15 Companies
CY2012 hes Number Of Projects With Capitalized Well Costs In Excess Of One Year
NumberOfProjectsWithCapitalizedWellCostsInExcessOfOneYear
10 Project
CY2012 hes Adjustment Of Deferred Tax Liability For Foreign Income Tax Rate Change
AdjustmentOfDeferredTaxLiabilityForForeignIncomeTaxRateChange
115000000
CY2012 hes Cost Of Products Sold Other
CostOfProductsSoldOther
24917000000
CY2012 hes Capital Employed
CapitalEmployed
29314000000
CY2012 hes Impairment Charge After Income Tax
ImpairmentChargeAfterIncomeTax
360000000
CY2012 hes Marketing Expenses
MarketingExpenses
1057000000
CY2012 hes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Asset Liabilities Purchases
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetAssetLiabilitiesPurchases
247000000
CY2012 hes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Assets Liabilities Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetAssetsLiabilitiesSales
266000000
CY2012 hes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Assets Liabilities Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetAssetsLiabilitiesSettlements
-271000000
CY2012 hes Estimated Amortization Of Unrecognized Net Actuarial Losses For Next Fiscal Year
EstimatedAmortizationOfUnrecognizedNetActuarialLossesForNextFiscalYear
85000000
CY2012 hes Facilities Classified As Long Term Debt
FacilitiesClassifiedAsLongTermDebt
1598000000
CY2012 hes Exploratory Well Costs Incurred And Subsequently Expensed
ExploratoryWellCostsIncurredAndSubsequentlyExpensed
248000000
CY2012 hes Estimated Pension And Postretirement Medical Expense For Next Fiscal Year
EstimatedPensionAndPostretirementMedicalExpenseForNextFiscalYear
135000000
CY2012 hes Restricted Stock Expense After Income Tax
RestrictedStockExpenseAfterIncomeTax
35000000
CY2012 hes Ownership In Controlling Entities
OwnershipInControllingEntities
More than a 50% voting interest
CY2012 hes Ability To Borrow Or Issue Letters Of Credit
AbilityToBorrowOrIssueLettersOfCredit
Up to $1 billion
CY2012 hes Excise And Similar Taxes
ExciseAndSimilarTaxes
2580000000
CY2012 hes Percentage Of Information Disclosed For Trading Partnership
PercentageOfInformationDisclosedForTradingPartnership
1.00 pure
CY2012 hes Voting Interest In Trading Partnership
VotingInterestInTradingPartnership
0.50 pure
CY2012 hes Net Asset Value Per Fund Share Related To Short Term Investment Funds
NetAssetValuePerFundShareRelatedToShortTermInvestmentFunds
1
CY2012 hes Minimum Psu Award Payout
MinimumPsuAwardPayout
0.00 pure
CY2012 hes Maximum Psu Award Payout
MaximumPsuAwardPayout
2.00 pure
CY2012 hes Gain On Assets Sales
GainOnAssetsSales
-0.048 pure
CY2012 hes Capitalized Well Costs Attributable To Project Five
CapitalizedWellCostsAttributableToProjectFive
0.07 pure
CY2012 hes Capitalized Well Costs Attributable To Project Four
CapitalizedWellCostsAttributableToProjectFour
0.36 pure
CY2012 hes Capitalized Well Costs Attributable To Project One And Two
CapitalizedWellCostsAttributableToProjectOneAndTwo
0.36 pure
CY2012 hes Capitalized Well Costs Attributable To Project Three
CapitalizedWellCostsAttributableToProjectThree
0.14 pure
CY2012 hes Prior Service Costs And Actuarial Gains And Losses In Excess Of Greater Of Benefit Obligation Or Market Value Of Assets Represented As Percentage
PriorServiceCostsAndActuarialGainsAndLossesInExcessOfGreaterOfBenefitObligationOrMarketValueOfAssetsRepresentedAsPercentage
0.10 pure
CY2012 hes Ownership Percentage In Trading Partnership
OwnershipPercentageInTradingPartnership
0.50 pure
CY2012 hes Percentage Holding In Affiliated Companies Maximum
PercentageHoldingInAffiliatedCompaniesMaximum
0.50 pure
CY2012 hes Percentage Holding In Affiliated Companies Minimum
PercentageHoldingInAffiliatedCompaniesMinimum
0.20 pure
CY2012 hes Antidilutive Weighted Average Performance Share Units Excluded From Computation Of Earnings Per Share Amount
AntidilutiveWeightedAveragePerformanceShareUnitsExcludedFromComputationOfEarningsPerShareAmount
414175 shares
CY2012 hes Effect Of Lifo Inventory Liquidation To Decrease Cost Of Goods Sold
EffectOfLifoInventoryLiquidationToDecreaseCostOfGoodsSold
165000000
CY2012 hes Maximum Vesting Period For Outstanding Restricted Common Stock And Psu Shares From Date Of Grant
MaximumVestingPeriodForOutstandingRestrictedCommonStockAndPsuSharesFromDateOfGrant
P3Y
CY2012 hes Asset Backed Credit Facility Increase Additional Borrowings
AssetBackedCreditFacilityIncreaseAdditionalBorrowings
250000000
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2010Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2011Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012 hes Deferred Income Tax Expense Benefit Excluding One Time Adjustment
DeferredIncomeTaxExpenseBenefitExcludingOneTimeAdjustment
-317000000
CY2012 hes Performance Share Units After Income Taxes
PerformanceShareUnitsAfterIncomeTaxes
5000000
CY2012 hes Plan Settlement Charge Due To Employee Retirements
PlanSettlementChargeDueToEmployeeRetirements
9000000
CY2012 hes Plan Settlement Charge After Tax Due To Employee Retirements
PlanSettlementChargeAfterTaxDueToEmployeeRetirements
5000000
CY2012 hes Number Of Years For Tolling Agreement
NumberOfYearsForTollingAgreement
15 Y
CY2010Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2011Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2010Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2010Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10

Files In Submission

Name View Source Status
0001193125-13-084779-index-headers.html Edgar Link pending
0001193125-13-084779-index.html Edgar Link pending
0001193125-13-084779.txt Edgar Link pending
0001193125-13-084779-xbrl.zip Edgar Link pending
d457291d10k.htm Edgar Link pending
d457291dex21.htm Edgar Link pending
d457291dex231.htm Edgar Link pending
d457291dex232.htm Edgar Link pending
d457291dex311.htm Edgar Link pending
d457291dex312.htm Edgar Link pending
d457291dex321.htm Edgar Link pending
d457291dex322.htm Edgar Link pending
d457291dex991.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
g457291ex991_pg010b.jpg Edgar Link pending
g457291ex991_pg011b.jpg Edgar Link pending
g457291g03r58.jpg Edgar Link pending
hes-20121231.xml Edgar Link completed
hes-20121231.xsd Edgar Link pending
hes-20121231_cal.xml Edgar Link unprocessable
hes-20121231_def.xml Edgar Link unprocessable
hes-20121231_lab.xml Edgar Link unprocessable
hes-20121231_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R100.htm Edgar Link pending
R101.htm Edgar Link pending
R102.htm Edgar Link pending
R103.htm Edgar Link pending
R104.htm Edgar Link pending
R105.htm Edgar Link pending
R106.htm Edgar Link pending
R107.htm Edgar Link pending
R108.htm Edgar Link pending
R109.htm Edgar Link pending
R11.htm Edgar Link pending
R110.htm Edgar Link pending
R111.htm Edgar Link pending
R112.htm Edgar Link pending
R113.htm Edgar Link pending
R114.htm Edgar Link pending
R115.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
R97.htm Edgar Link pending
R98.htm Edgar Link pending
R99.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending