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Acquisition of Hess Corporation (Tables) | 6 Months Ended
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Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities and Fair Value of Long-Term Debt Assumed | As a result of measuring the assets acquired and the liabilities assumed at fair value, there was no goodwill or bargain purchase recognized.
|  |  | At July 18, 2025
|  |  | (Billions of dollars)
Current assets |  |  | $ | 3.4 |
Properties, plant and equipment |  |  | 73.5 |
Other assets |  |  | 2.6 |
Total assets acquired |  |  | 79.5 |
Current liabilities |  |  | 3.1 |
Long-term debt(1) |  |  | 10.0 |
Deferred income taxes |  |  | 11.0 |
Other liabilities |  |  | 2.4 |
Total liabilities assumed |  |  | 26.5 |
Noncontrolling interest(2) |  |  | 5.0 |
Net assets acquired / purchase price |  |  | $ | 48.0 |
(1) Includes finance leases (2) Related to Hess Midstream LP The long-term debt assumed in the transaction is detailed in the table below:
| Principal
Hess Corporation | (Millions of dollars)
4.300% due 2027 | $ | 1,000 |
7.875% due 2029 | 467 |
7.300% due 2031 | 631 |
7.125% due 2033 | 540 |
6.000% due 2040 | 750 |
5.600% due 2041 | 1,250 |
5.800% due 2047 | 500 |
Total Hess Corporation Debt | $ | 5,138 |
Hess Midstream Operations LP |
5.125% due 2028 | $ | 550 |
5.875% due 2028 | 800 |
6.500% due 2029 | 600 |
4.250% due 2030 | 750 |
5.500% due 2030 | 400 |
Term loan and credit facility borrowings | 646 |
Total Hess Midstream Operations LP Debt | $ | 3,746 |
Unamortized discounts and debt issuance costs | (61) |
Total Long-Term Debt Assumed | $ | 8,823 |
Fair market value adjustment for debt acquired in the acquisition | 247 |
Fair Market Value of Long-Term Debt Assumed | $ | 9,070 |

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- Definition Tabular disclosure of asset acquired and liability assumed in business combination and recognized at acquisition date. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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