Dispositions	12 Months Ended
Dec. 31, 2014
Business Combinations [Abstract]
Dispositions	3. Dispositions 2014: In January, the Corporation completed the sale of its interest in the Pangkah asset, offshore Indonesia for cash proceeds of approximately $650 million. This transaction resulted in a pre-tax gain of $31 million ($10 million loss after income taxes) after deducting the net book value of assets, including allocated goodwill of $56 million. In April, the Corporation completed the sale of its interests in Thailand for cash proceeds of approximately $805 million. This transaction resulted in a pre-tax gain of $706 million ($706 million after income taxes) after deducting the net book value of assets, including allocated goodwill of $76 million. In the first six months of 2014, the Corporation completed, through multiple transactions, the sale of approximately 77,000 net acres in the dry gas area of the Utica shale play including related wells and facilities, for total cash proceeds of approximately $1,075 million and recorded a pre-tax gain of $62 million ($35 million gain after income taxes) after deducting the net book value of assets, including allocated goodwill of $11 million. In June, the Corporation completed the sale of its joint venture interest in an electric generating facility in Newark, New Jersey for cash proceeds of $320 million, resulting in a pre-tax gain of approximately $13 million ($8 million after income taxes). In September, the Corporation sold its joint venture interest in the Bayonne Energy Center (BEC) for $79 million. In the first quarter of 2014, the Corporation recorded a charge of $84 million ($52 million after income taxes) to reduce to fair value its investment in BEC. In September, the Corporation completed the sale of its interest in an exploration asset in the United Kingdom North Sea for $53 million which resulted in a pre-tax gain of $33 million ($33 million after income taxes). 2013: In January, the Corporation completed the sale of its interests in the Beryl fields and the Scottish Area Gas Evacuation System (SAGE) in the UK North Sea for cash proceeds of $442 million. The transaction resulted in a pre‑tax gain of $328 million ($323 million after income taxes), after deducting the net book value of assets including allocated goodwill of $48 million. In March, the Corporation sold its interests in the Azeri‑Chirag‑Guneshli (ACG) fields (Hess 3%), offshore Azerbaijan in the Caspian Sea, and the associated Baku‑Tbilisi‑Ceyhan (BTC) oil transportation pipeline company (Hess 2%) for cash proceeds of $884 million. The transaction resulted in a pre‑tax gain of $360 million ($360 million after income taxes), after deducting the net book value of assets including allocated goodwill of $52 million. In April, the Corporation completed the sale of its Russian subsidiary, Samara-Nafta, for cash proceeds of $2.1 billion after working capital and other adjustments, including allocated goodwill of $148 million. Based on the Corporation’s 90% interest in Samara-Nafta, after-tax proceeds to Hess were approximately $1.9 billion. This transaction resulted in a pre-tax gain of $1,119 million ($1,119 million after income taxes), which was reduced by $168 million for the noncontrolling interest holder’s share of the gain, resulting in a net gain attributable to the Corporation of $951 million. In December, the Corporation completed the sale of its interest in the Natuna A Field, offshore Indonesia for total cash proceeds of approximately $656 million. The transaction resulted in a pre‑tax gain of $388 million ($343 million after income taxes), after deducting the net book value of assets including allocated goodwill of $39 million. 2012: In January, the Corporation completed the sale of its interest in the Snohvit Field (Hess 3%), a liquefied natural gas project, offshore Norway, for cash proceeds of $132 million. The transaction resulted in a pre-tax gain of $36 million ($36 million after income taxes), after deducting the net book value of assets including allocated goodwill of $14 million. In September, the Corporation completed the sale of its interests in the Schiehallion Field (Hess 16%) in the UK North Sea, its share of the associated floating production, storage and offloading vessel, and the West of Shetland pipeline system for cash proceeds of $524 million. The transaction resulted in a pre‑tax gain of $376 million ($349 million after income taxes), after deducting the net book value of assets including allocated goodwill of $27 million. In October, the Corporation completed the sale of its interests in the Bittern Field (Hess 28%) in the UK North Sea and the associated Triton floating production, storage and offloading vessel for cash proceeds of $187 million. The transaction resulted in a pre-tax gain of $172 million ($172 million after income taxes) after deducting the net book value of assets including allocated goodwill of $12 million.

3. Dispositions

2014: In January, the Corporation completed the sale of its interest in the Pangkah asset, offshore Indonesia for cash proceeds of approximately $650 million. This transaction resulted in a pre-tax gain of $31 million ($10 million loss after income taxes) after deducting the net book value of assets, including allocated goodwill of $56 million. In April, the Corporation completed the sale of its interests in Thailand for cash proceeds of approximately $805 million. This transaction resulted in a pre-tax gain of $706 million ($706 million after income taxes) after deducting the net book value of assets, including allocated goodwill of $76 million. In the first six months of 2014, the Corporation completed, through multiple transactions, the sale of approximately 77,000 net acres in the dry gas area of the Utica shale play including related wells and facilities, for total cash proceeds of approximately $1,075 million and recorded a pre-tax gain of $62 million ($35 million gain after income taxes) after deducting the net book value of assets, including allocated goodwill of $11 million. In June, the Corporation completed the sale of its joint venture interest in an electric generating facility in Newark, New Jersey for cash proceeds of $320 million, resulting in a pre-tax gain of approximately $13 million ($8 million after income taxes). In September, the Corporation sold its joint venture interest in the Bayonne Energy Center (BEC) for $79 million. In the first quarter of 2014, the Corporation recorded a charge of $84 million ($52 million after income taxes) to reduce to fair value its investment in BEC. In September, the Corporation completed the sale of its interest in an exploration asset in the United Kingdom North Sea for $53 million which resulted in a pre-tax gain of $33 million ($33 million after income taxes).

2013: In January, the Corporation completed the sale of its interests in the Beryl fields and the Scottish Area Gas Evacuation System (SAGE) in the UK North Sea for cash proceeds of $442 million. The transaction resulted in a pre‑tax gain of $328 million ($323 million after income taxes), after deducting the net book value of assets including allocated goodwill of $48 million. In March, the Corporation sold its interests in the Azeri‑Chirag‑Guneshli (ACG) fields (Hess 3%), offshore Azerbaijan in the Caspian Sea, and the associated Baku‑Tbilisi‑Ceyhan (BTC) oil transportation pipeline company (Hess 2%) for cash proceeds of $884 million. The transaction resulted in a pre‑tax gain of $360 million ($360 million after income taxes), after deducting the net book value of assets including allocated goodwill of $52 million. In April, the Corporation completed the sale of its Russian subsidiary, Samara-Nafta, for cash proceeds of $2.1 billion after working capital and other adjustments, including allocated goodwill of $148 million. Based on the Corporation’s 90% interest in Samara-Nafta, after-tax proceeds to Hess were approximately $1.9 billion. This transaction resulted in a pre-tax gain of $1,119 million ($1,119 million after income taxes), which was reduced by $168 million for the noncontrolling interest holder’s share of the gain, resulting in a net gain attributable to the Corporation of $951 million. In December, the Corporation completed the sale of its interest in the Natuna A Field, offshore Indonesia for total cash proceeds of approximately $656 million. The transaction resulted in a pre‑tax gain of $388 million ($343 million after income taxes), after deducting the net book value of assets including allocated goodwill of $39 million.

2012: In January, the Corporation completed the sale of its interest in the Snohvit Field (Hess 3%), a liquefied natural gas project, offshore Norway, for cash proceeds of $132 million. The transaction resulted in a pre-tax gain of $36 million ($36 million after income taxes), after deducting the net book value of assets including allocated goodwill of $14 million. In September, the Corporation completed the sale of its interests in the Schiehallion Field (Hess 16%) in the UK North Sea, its share of the associated floating production, storage and offloading vessel, and the West of Shetland pipeline system for cash proceeds of $524 million. The transaction resulted in a pre‑tax gain of $376 million ($349 million after income taxes), after deducting the net book value of assets including allocated goodwill of $27 million. In October, the Corporation completed the sale of its interests in the Bittern Field (Hess 28%) in the UK North Sea and the associated Triton floating production, storage and offloading vessel for cash proceeds of $187 million. The transaction resulted in a pre-tax gain of $172 million ($172 million after income taxes) after deducting the net book value of assets including allocated goodwill of $12 million.