HESS CORP | 2013 | FY | 3


22. Related Party Transactions

The following table presents the Corporation’s related party transactions:

 

    2013    2012    2011
    (In millions)

Purchases:

             

HOVENSA (a)

    $        $ 145        $   3,806  

Bayonne Energy Center LLC (b)

      38          20           

Sales:

             

WilcoHess

        2,828            3,058          2,898  

HOVENSA

      90          191          710  

 

 

 

(a)

The Corporation ceased purchasing refined products from HOVENSA following the closure of HOVENSA’s refinery in January 2012.

 

(b)

Represents purchases of electricity from this 50% owned joint venture under a tolling agreement.

The following table presents the Corporation’s related party accounts receivable (payable) at December 31:

 

    2013   2012
    (In millions)

WilcoHess

    $      114       $      119  

Bayonne Energy Center LLC

      (4 )       (3 )

 

 


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