XML 68 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statement of Consolidated Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES AND NON-OPERATING INCOME        
Sales and other operating revenues $ 2,745 $ 2,720 $ 8,363 $ 9,257
Gains (losses) on asset sales 31 (5) 820 1,794
Other, net 26 (1) (89) (56)
Total revenues and non-operating income 2,802 2,714 9,094 10,995
COSTS AND EXPENSES        
Cost of products sold (excluding items shown separately below) 447 375 1,284 1,392
Operating costs and expenses 487 475 1,475 1,570
Production and severance taxes 69 84 209 311
Marketing expenses 34 27 99 87
Exploration expenses, including dry holes and lease impairment 90 154 669 573
General and administrative expenses 139 152 424 469
Interest expense 75 86 241 309
Depreciation, depletion and amortization 837 681 2,349 1,974
Total costs and expenses 2,178 2,034 6,750 6,685
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 624 680 2,344 4,310
Provision for income taxes 237 324 575 1,192
INCOME FROM CONTINUING OPERATIONS 387 356 1,769 3,118
INCOME FROM DISCONTINUED OPERATIONS,NET OF INCOME TAXES 643 62 612 189
NET INCOME 1,030 418 2,381 3,307
Less: Net income (loss) attributable to noncontrolling interests 22 (2) 56 180
NET INCOME ATTRIBUTABLE TO HESS CORPORATION $ 1,008 $ 420 $ 2,325 $ 3,127
NET INCOME ATTRIBUTABLE TO HESS CORPORATION PER SHARE        
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
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (DILUTED) 305.0 343.3 312.7 343.3
COMMON STOCK DIVIDENDS PER SHARE $ 0.25 $ 0.25 $ 0.75 $ 0.45