Hess 2011 Annual Report Download - page 108
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HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)
The following table presents financial data by segment for each of the three years ended December 31:
Exploration
and
Production
Marketing
and
Refining
Corporate
and
Interest Consolidated (a)
(Millions of dollars)
2011
Operating revenues
Total operating revenues (b) ......................... $10,646 $27,936 $ 1
Less: Transfers between affiliates ..................... 116 1 —
Operating revenues from unaffiliated customers ....... $10,530 $27,935 $ 1 $38,466
Net income (loss) attributable to Hess Corporation ......... $ 2,675 $ (584) $ (388) $ 1,703
Income (loss) from equity investment in
HOVENSA L.L.C. ................................ $ — $ (1,073) $ — $ (1,073)
Interest expense ..................................... — — 383 383
Depreciation, depletion and amortization ................. 2,305 88 13 2,406
Asset impairments ................................... 358 — — 358
Provision (benefit) for income taxes ..................... 1,313 (273) (255) 785
Investments in affiliates .............................. 97 287 — 384
Identifiable assets ................................... 32,323 6,302 511 39,136
Capital employed (c) ................................. 22,699 2,337 (387) 24,649
Capital expenditures ................................. 6,888 115 3 7,006
2010
Operating revenues
Total operating revenues (b) ......................... $ 9,119 $24,885 $ 1
Less: Transfers between affiliates ..................... 143 — —
Operating revenues from unaffiliated customers ....... $ 8,976 $24,885 $ 1 $33,862
Net income (loss) attributable to Hess Corporation ......... $ 2,736 $ (231) $ (380) $ 2,125
Income (loss) from equity investment in
HOVENSA L.L.C. ................................ $ — $ (522) $ — $ (522)
Interest expense ..................................... — — 361 361
Depreciation, depletion and amortization ................. 2,222 82 13 2,317
Asset impairments ................................... 532 — — 532
Provision (benefit) for income taxes ..................... 1,417 4 (248) 1,173
Investments in affiliates .............................. 57 386 — 443
Identifiable assets ................................... 28,242 6,377 777 35,396
Capital employed (c) ................................. 19,803 2,715 (126) 22,392
Capital expenditures ................................. 5,394 82 16 5,492
82