Hess 2000 Annual Report Download - page 46

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44
15. Segment Information (Continued)
The following table presents financial data by operating segment for each of the three years ended
December 31, 2000:
Exploration and Refining, Marketing
Millions of dollars Production and Shipping Corporate Consolidated*
2000
Operating revenues
Total operating revenues $3,970 $8,813 $ 2
Less: Transfers between affiliates 792 — —
Operating revenues from unaffiliated customers $3,178 $8,813 $ 2 $11,993
Operating earnings (loss) $ 868 $ 288 $(169) $ 987
Special items — (24) 60 36
Net income (loss) $ 868 $ 264 $(109) $ 1,023
Earnings of equity affiliates $ 1 $ 121 $ 6 $ 128
Interest income 7591177
Interest expense — — 162 162
Depreciation, depletion, amortization and lease impairment 667 39 8 714
Provision (benefit) for income taxes 612 50 (13) 649
Investments in equity affiliates 147 894 — 1,041
Identifiable assets 4,688 4,976 610 10,274
Capital employed 2,817 2,747 369 5,933
Capital expenditures 783 154 1 938
1999
Operating revenues
Total operating revenues $ 2,947 $ 4,541 $ 1
Less: Transfers between affiliates 450 — —
Operating revenues from unaffiliated customers $ 2,497 $ 4,541 $ 1 $ 7,039
Operating earnings (loss) $ 324 $ 133 $ (150) $ 307
Special items 19 112 — 131
Net income (loss) $ 343 $ 245 $ (150) $ 438
Earnings of equity affiliates $ (9) $ 11 $ 7 $ 9
Interest income 12 50 1 63
Interest expense — — 158 158
Depreciation, depletion, amortization and lease impairment 641 42 2 685
Provision (benefit) for income taxes 184 118 (38) 264
Investments in equity affiliates 148 778 61 987
Identifiable assets 4,396 2,993 339 7,728
Capital employed 3,137 1,974 237 5,348
Capital expenditures 727 68 2 797
1998
Operating revenues
Total operating revenues $ 2,176 $ 4,717 $ 1
Less: Transfers between affiliates 314 — —
Operating revenues from unaffiliated customers $ 1,862 $ 4,717 $ 1 $ 6,580
Operating earnings (loss) $ (18) $ (18) $ (160) $ (196)
Special items (113) (150) — (263)
Net income (loss) $ (131) $ (168) $ (160) $ (459)
Earnings of equity affiliates $ (22) $ (13) $ 5 $ (30)
Interest income 11 11 1 23
Interest expense — — 153 153
Depreciation, depletion, amortization and lease impairment 566 125 2 693
Provision (benefit) for income taxes 7 (38) (24) (55)
Investments in equity affiliates 96 781 56 933
Identifiable assets 4,286 3,126 471 7,883
Capital employed 3,231 1,969 96 5,296
Capital expenditures 1,307 129 3 1,439
*After elimination of transactions between affiliates, which are valued at approximate market prices.