Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

20.  Segment Information

We currently have two operating segments, Exploration and Production and Bakken Midstream.  The Exploration and Production operating segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas with production operations primarily in the United States (U.S.), Denmark, Equatorial Guinea, the Joint Development Area of Malaysia/Thailand (JDA), Malaysia, and Norway.  The Bakken Midstream operating segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, terminaling and loading crude oil and natural gas liquids, transportation of crude oil by rail car and the storage and terminaling of propane, primarily located in the Bakken shale play of North Dakota.  All unallocated costs are reflected under Corporate, Interest and Other.

The following table presents operating segment financial data for continuing operations (in millions):

2015	Exploration and Production			Bakken Midstream			Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	6,636		$	—		$	—		$	—		$	6,636
Intersegment Revenues		—			564			—			(564	)		—
Operating Revenues	$	6,636		$	564		$	—		$	(564	)	$	6,636
Net income (loss) from continuing operations attributable to Hess Corporation	$	(2,717	)	$	86		$	(377	)	$	—		$	(3,008	)
Interest expense		—			10			331			—			341
Depreciation, depletion and amortization		3,852			88			15			—			3,955
Impairment		1,616			—			—			—			1,616
Provision (benefit) for income taxes		(1,111	)		52			(240	)		—			(1,299	)
Investment in affiliates		154			—			—			—			154
Identifiable assets		28,863			2,761			2,571			—			34,195
Capital Expenditures		3,753			296			—			—			4,049
2014	Exploration and Production			Bakken Midstream			Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	10,737		$	—		$	—		$	—		$	10,737
Intersegment Revenues		—			319			—			(319	)		—
Operating Revenues	$	10,737		$	319		$	—		$	(319	)	$	10,737
Net income (loss) from continuing operations attributable to Hess Corporation	$	2,086		$	10		$	(404	)	$	—		$	1,692
Interest expense		—			2			321			—			323
Depreciation, depletion and amortization		3,140			70			14			—			3,224
Provision (benefit) for income taxes		989			7			(252	)		—			744
Investment in affiliates		151			—			—			—			151
Identifiable assets		32,742			2,465			2,042			—			37,249
Capital Expenditures		4,920			301			53			—			5,274
2013	Exploration and Production			Bakken Midstream			Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	11,762		$	143		$	—		$	—		$	11,905
Intersegment Revenues		125			127			—			(252	)		—
Operating Revenues	$	11,887		$	270		$	—		$	(252	)	$	11,905
Net income (loss) from continuing operations attributable to Hess Corporation	$	4,439		$	(136	)	$	(443	)	$	—		$	3,860
Interest Expense		—			—			406			—			406
Depreciation, depletion and amortization		2,638			33			16			—			2,687
Impairment		289			—			—			—			289
Provision (benefit) for income taxes		912			(81	)		(266	)		—			565
Investment in affiliates		109			—			397			—			506
Capital Expenditures		5,174			535			58			—			5,767

The following table presents financial information by major geographic area:

	United States			Europe			Africa			Asia and Other Countries			Corporate, Interest and other			Total
	(In millions)
2015
Operating revenues	$	4,150		$	870		$	945		$	671		$	—		$	6,636
Net income (loss) from continuing operations attributable to Hess Corporation		(1,834	)		(408	)		(274	)		(115	)		(377	)		(3,008	)
Depreciation, depletion and amortization		2,449			635			539			317			15			3,955
Impairments		986			279			100			251			—			1,616
Provision (benefit) for income taxes		(522	)		(84	)		(48	)		(405	)		(240	)		(1,299	)
Identifiable assets		18,372			6,207			2,178			4,867			2,571			34,195
Property, plant and equipment (net) (a)		15,729			5,300			1,682			3,520			121			26,352
Capital expenditures		2,727			297			160			865			—			4,049
2014
Operating revenues	$	6,270		$	1,557		$	2,002		$	908		$	—		$	10,737
Net income (loss) from continuing operations attributable to Hess Corporation		654			226			545			671			(404	)		1,692
Depreciation, depletion and amortization		1,751			683			487			289			14			3,224
Provision (benefit) for income taxes		446			91			435			24			(252	)		744
Identifiable assets		17,729			7,730			3,002			6,746			2,042			37,249
Property, plant and equipment (net) (a)		15,595			6,339			2,235			3,232			116			27,517
Capital expenditures		3,467			524			399			831			53			5,274
2013
Operating revenues	$	6,076		$	1,337		$	2,736		$	1,756		$	—		$	11,905
Net income (loss) from continuing operations attributable to Hess Corporation		777			2,051			594			881			(443	)		3,860
Depreciation, depletion and amortization		1,393			484			518			276			16			2,687
Impairments		—			—			—			289			—			289
Provision (benefit) for income taxes		495			(646	)		767			215			(266	)		565
Capital expenditures		3,613			689			578			829			58			5,767

(a) Of the total Europe, Property, plant and equipment (net), Norway represented $4,108 million in 2015 (2014: $5,246 million).