HESS CORP | 2013 | FY | 3


The following table describes changes to the Corporation’s asset retirement obligations:

 

     2013     2012  
     (In millions)  

Asset retirement obligations at January 1

   $ 2,661     $ 2,071  

Liabilities incurred

     42       186  

Liabilities settled or disposed of

     (576     (324

Accretion expense

     129       135  

Revisions of estimated liabilities

     573       529  

Foreign currency translation

     (57     64  
  

 

 

   

 

 

 

Asset retirement obligations at December 31

     2,772       2,661  

Less: Current obligations

     523       449  
  

 

 

   

 

 

 

Long-term obligations at December 31

   $ 2,249     $ 2,212  
  

 

 

   

 

 


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