Weighted Average Common Shares and Share Repurchase Plan (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Net Income and Weighted Average Number of Common Shares Used in Basic and Diluted Earnings Per Share Computations

The net income and weighted average number of common shares used in the basic and diluted earnings per share computations were as follows:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2014		2013			2014		2013
	(In millions, except per share amounts)
Income from continuing operations, net of income taxes	$	387	$	356		$	1,769	$	3,118
Less: Net income (loss) attributable to noncontrolling interests		22		(2	)		56		180
Net income from continuing operations attributable to Hess Corporation		365		358			1,713		2,938
Income from discontinued operations, net of income taxes		643		62			612		189
Net income attributable to Hess Corporation	$	1,008	$	420		$	2,325	$	3,127
Weighted average common shares outstanding:
Basic		300.7		339.0			308.6		339.3
Effect of dilutive securities:
Restricted common stock		1.5		1.4			1.4		1.3
Stock options		2.0		1.8			2.0		1.6
Performance share units		0.8		1.1			0.7		1.1
Diluted		305.0		343.3			312.7		343.3
Net income attributable to Hess Corporation per share:
Basic:
Continuing operations	$	1.21	$	1.06		$	5.55	$	8.66
Discontinued operations		2.14		0.18			1.99		0.56
Net income per share	$	3.35	$	1.24		$	7.54	$	9.22
Diluted:
Continuing operations	$	1.20	$	1.05		$	5.48	$	8.56
Discontinued operations		2.11		0.18			1.96		0.55
Net income per share	$	3.31	$	1.23		$	7.44	$	9.11