13 CASE 12-2 RESULTS OF OPERATIONS FOR OIL AND GAS PRODUCING ACTIVITIES Hess Corporation included information in this case as part of the supplementary oll and gas data. This case only represents a small portion of the supplementary oil and gas data. 1,384 31,448 e cost. Nuclear fael in the Results of Operations for Oil and Gas Producing Activities The results of operations shown below exclude non-oil and gas producing activities, primar- ily gains on sales of oil and gas properties, interest expense, gains and losses resulting toreign exchange transactions and other non-operating income. Therefore, these results are on a different basis than the net income from Exploration and Production operations reported in Management's Discussion and Analysis of Financial Condition and Results Operations and in Note 18, Segment Information, in the notes to the financial statements. Net Plant as sof of of December 31, 2009 $ 3,498 Asia and For the Years Ended December 31 Total Europe Africa 4,029 (Millions of Dollars) Sales and other operating revenues $4.401 $ 305351$:7505$12390 Unaffiliated customers $2,251 2,074 143 4744 2,453 2,251 2,750 1,290 253 309 Total revenues Costs and expenses Production expenses, including related taxes Exploration expenses, including dry holes and 455 143 772 ost. Nuclear fuel in the 1,924 489 727 865 281 lease impairment General, administrative and other expenses Depreciation, depletion, amortization Asset impairments 52 48 463 st of debt (interest) lize 532 11,922 338 d as part of the ough rates over the portion of AFUDC AFUDC related to C of $110 million 9, $70 million and Total costs and expenses Results of operations before income taxes Provision for income taxes 2,920 580 $ 485 $ 487 248 477 117 Results of operations Required a. Prepare a vertical common-size analysis for results of operations for oil and gas producing activities for 2010. Use total revenues as the base. b. Prepare a horizontal common-size analysis for 2010. Use total as the base. c. Comment on the common-size analysis in (a) and (b), "Hess Corporation ( the Registrant) is a Delaware corporation, incorporated in 1920. The Registrant and its sub- the Corporation or Hess) is a global integrated energy company that operates in sidiaries (collectively referred to as al capitalization Exploration and Production lEScP) and Marketing and Refining IMBER- 10-K Soarce: Hess Corporation, 2010 10K