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Statement of Consolidated Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES AND NON-OPERATING INCOME        
Sales and other operating revenues $ 1,953 $ 2,829 $ 3,491 $ 5,502
Gains on asset sales, net 0 779 0 789
Other, net (18) (25) (6) (116)
Total revenues and non-operating income 1,935 3,583 3,485 6,175
COSTS AND EXPENSES        
Cost of products sold (excluding items shown separately below) 356 421 634 785
Operating costs and expenses 503 545 1,009 1,040
Production and severance taxes 45 78 81 140
Exploration expenses, including dry holes and lease impairment 90 460 359 579
General and administrative expenses 151 143 298 285
Interest expense 86 85 171 166
Depreciation, depletion and amortization 1,028 785 1,984 1,511
Impairment 385 0 385 0
Total costs and expenses 2,644 2,517 4,921 4,506
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (709) 1,066 (1,436) 1,669
Provision (benefit) for income taxes (156) 92 (507) 331
INCOME (LOSS) FROM CONTINUING OPERATIONS (553) 974 (929) 1,338
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES (14) (44) (27) 13
NET INCOME (LOSS) (567) 930 (956) 1,351
Less: Net income (loss) attributable to noncontrolling interests 0 (1) 0 34
NET INCOME (LOSS) ATTRIBUTABLE TO HESS CORPORATION $ (567) $ 931 $ (956) $ 1,317
BASIC:        
Continuing operations $ (1.94) $ 3.15 $ (3.27) $ 4.26
Discontinued operations (0.05) (0.14) (0.10) (0.07)
NET INCOME (LOSS) PER SHARE (1.99) 3.01 (3.37) 4.19
DILUTED:        
Continuing operations (1.94) 3.10 (3.27) 4.20
Discontinued operations (0.05) (0.14) (0.10) (0.07)
NET INCOME (LOSS) PER SHARE $ (1.99) $ 2.96 $ (3.37) $ 4.13
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING (DILUTED) 284.3 314.1 283.9 318.7
COMMON STOCK DIVIDENDS PER SHARE $ 0.25 $ 0.25 $ 0.50 $ 0.50