Segment Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Information

14. Segment Information

The Corporation has substantially completed its transition to a pure play E&P company. The results of operations for its retail, energy marketing, terminal and refining businesses have been classified as discontinued operations. See also Note 1, Basis of Presentation, Note 2, Discontinued Operations and Note 16, Subsequent Events in the Notes to the Consolidated Financial Statements for additional disclosures related to these divestures. The Corporation currently has one operating segment, Exploration and Production, and a Corporate, Interest and Other segment, which includes its energy trading joint venture, Hess Energy Trading Corporation (HETCO).  In October 2014, the Corporation reached an agreement to sell its interest in HETCO, and as a result, it will be reported as discontinued operations beginning with fourth quarter 2014 reporting.

The Corporation’s results by segment were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2014			2013			2014			2013
	(In millions)
Sales and other operating revenues:
Exploration and Production	$	2,678		$	2,706		$	8,180		$	9,183
Corporate, Interest and Other		67			14			183			74
Total	$	2,745		$	2,720		$	8,363		$	9,257
Net income (loss) attributable to Hess Corporation:
Exploration and Production	$	441		$	455		$	2,006		$	3,274
Corporate, Interest and Other		(76	)		(97	)		(293	)		(336	)
Income from continuing operations		365			358			1,713			2,938
Discontinued operations		643			62			612			189
Total	$	1,008		$	420		$	2,325		$	3,127

Identifiable assets by operating segment were as follows:

	September 30,		December 31,
	2014		2013
	(In millions)
Exploration and Production	$	36,895	$	37,863
Corporate, Interest and Other		3,708		2,144
Continuing operations		40,603		40,007
Discontinued operations		372		2,747
Total	$	40,975	$	42,754