Hess Corp., adjusted total assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total assets	21,695)	20,515)	18,821)	21,782)	21,433)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	762)
Less: Deferred tax assets²	133)	71)	59)	80)	21)
After Adjustment
Adjusted total assets	21,562)	20,444)	18,762)	21,702)	22,174)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Hess Corp., adjusted total liabilities

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total liabilities	13,199)	13,489)	12,486)	12,076)	10,545)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	762)
Less: Deferred tax liabilities²	418)	383)	342)	415)	421)
After Adjustment
Adjusted total liabilities	12,781)	13,106)	12,144)	11,661)	10,886)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities. See details »

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Hess Corp., adjusted total Hess Corporation stockholders’ equity

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Total Hess Corporation stockholders’ equity	7,855)	6,300)	5,366)	8,732)	9,629)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(285)	(312)	(283)	(335)	(400)
Add: Noncontrolling interests	641)	726)	969)	974)	1,259)
After Adjustment
Adjusted total equity	8,781)	7,338)	6,618)	10,041)	11,288)

¹ Net deferred tax assets (liabilities). See details »

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Hess Corp., adjusted capitalization table

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Current portion of long-term debt	3)	517)	10)	—)	67)
Current portion of finance lease obligations	21)	19)	18)	17)	—)
Long-term debt, excluding current portion	8,278)	7,941)	8,286)	7,142)	6,605)
Long-term finance lease obligations	179)	200)	220)	238)	—)
Total reported debt	8,481)	8,677)	8,534)	7,397)	6,672)
Total Hess Corporation stockholders’ equity	7,855)	6,300)	5,366)	8,732)	9,629)
Total reported capital	16,336)	14,977)	13,900)	16,129)	16,301)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	762)
Add: Current portion of operating lease obligations²	200)	70)	63)	182)	—)
Add: Long-term operating lease obligations³	469)	394)	478)	353)	—)
Adjusted total debt	9,150)	9,141)	9,075)	7,932)	7,434)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(285)	(312)	(283)	(335)	(400)
Add: Noncontrolling interests	641)	726)	969)	974)	1,259)
Adjusted total equity	8,781)	7,338)	6,618)	10,041)	11,288)
After Adjustment
Adjusted total capital	17,931)	16,479)	15,693)	17,973)	18,722)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current portion of operating lease obligations. See details »

³ Long-term operating lease obligations. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Hess Corp., adjusted net income (loss) attributable to Hess Corporation

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
As Reported
Net income (loss) attributable to Hess Corporation	2,096)	559)	(3,093)	(408)	(282)
Adjustments
Add: Deferred income tax expense (benefit)¹	305)	119)	(54)	(1)	(76)
Add: Other comprehensive income (loss)	275)	349)	(56)	(393)	481)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	351)	331)	254)	168)	167)
After Adjustment
Adjusted net income (loss)	3,027)	1,358)	(2,949)	(634)	290)

¹ Deferred income tax expense (benefit). See details »

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Hess Corp. (NYSE:HES)

Adjustments to Financial Statements