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Segment Information
3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information

 


10.  Segment Information

The Corporation has completed its transition to a pure play Exploration and Production (E&P) company. The results of operations for its retail, energy marketing, terminal and refining businesses as well as the energy trading joint venture, HETCO, have been classified as discontinued operations. The Corporation currently has one operating segment, E&P, and other unallocated costs reflected under Corporate, Interest and Other.

The Corporation’s results by segment were as follows:

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2015

 

 

2014

 

 

 

(In millions)

 

Sales and other operating revenues:

 

 

 

 

 

 

 

 

Exploration and Production

 

$

1,538

 

 

$

2,673

 

Corporate, Interest and Other

 

 

 

 

 

 

Total

 

$

1,538

 

 

$

2,673

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Hess Corporation:

 

 

 

 

 

 

 

 

Exploration and Production

 

$

(286

)

 

$

508

 

Corporate, Interest and Other

 

 

(90

)

 

 

(144

)

Income (loss) from continuing operations

 

 

(376

)

 

 

364

 

Discontinued operations

 

 

(13

)

 

 

22

 

Total

 

$

(389

)

 

$

386

 

Identifiable assets by operating segment were as follows:

 

 

March 31,

 

 

December 31,

 

 

 

2015

 

 

2014

 

 

 

(In millions)

 

Exploration and Production

 

$

35,981

 

 

$

36,512

 

Corporate, Interest and Other

 

 

21

 

 

 

908

 

Continuing operations

 

 

36,002

 

 

 

37,420

 

Discontinued operations

 

 

99

 

 

 

1,158

 

Total

 

$

36,101

 

 

$

38,578