Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

11.  Segment Information

We currently have two operating segments, Exploration and Production and Bakken Midstream.  All unallocated costs are reflected under Corporate, Interest and Other.

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

For the Three Months Ended June 30, 2016	Exploration and Production			Bakken Midstream		Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	1,224		$	—	$	—		$	—		$	1,224
Intersegment Revenues		—			119		—			(119	)		—
Operating Revenues	$	1,224		$	119	$	—		$	(119	)	$	1,224
Net Income (Loss) from Continuing Operations Attributable to Hess Corporation	$	(328	)	$	11	$	(75	)	$	—		$	(392	)
Depreciation, Depletion and Amortization		770			25		2			—			797
Provision (Benefit) for Income Taxes		(273	)		7		(39	)		—			(305	)
Capital Expenditures		434			67		—			—			501
For the Three Months Ended June 30, 2015	Exploration and Production			Bakken Midstream		Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	1,953		$	—	$	—		$	—		$	1,953
Intersegment Revenues		—			145		—			(145	)		—
Operating Revenues	$	1,953		$	145	$	—		$	(145	)	$	1,953
Net Income (Loss) from Continuing Operations Attributable to Hess Corporation	$	(502	)	$	32	$	(83	)	$	—		$	(553	)
Depreciation, Depletion and Amortization		1,004			22		2			—			1,028
Provision (Benefit) for Income Taxes		(120	)		19		(55	)		—			(156	)
Capital Expenditures		948			65		—			—			1,013
For the Six Months Ended June 30, 2016	Exploration and Production			Bakken Midstream		Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	2,197		$	—	$	—		$	—		$	2,197
Intersegment Revenues		—			238		—			(238	)		—
Operating Revenues	$	2,197		$	238	$	—		$	(238	)	$	2,197
Net Income (Loss) from Continuing Operations Attributable to Hess Corporation	$	(779	)	$	25	$	(147	)	$	—		$	(901	)
Depreciation, Depletion and Amortization		1,612			48		5			—			1,665
Provision (Benefit) for Income Taxes		(587	)		15		(79	)		—			(651	)
Capital Expenditures		939			102		—			—			1,041
For the Six Months Ended June 30, 2015	Exploration and Production			Bakken Midstream		Corporate, Interest and Other			Eliminations			Total
Operating Revenues - Third parties	$	3,491		$	—	$	—		$	—		$	3,491
Intersegment Revenues		—			275		—			(275	)		—
Operating Revenues	$	3,491		$	275	$	—		$	(275	)	$	3,491
Net Income (Loss) from Continuing Operations Attributable to Hess Corporation	$	(816	)	$	59	$	(172	)	$	—		$	(929	)
Depreciation, Depletion and Amortization		1,936			43		5			—			1,984
Provision (Benefit) for Income Taxes		(431	)		35		(111	)		—			(507	)
Capital Expenditures		2,145			105		—			—			2,250

Identifiable assets by operating segment were as follows:

	June 30,		December 31,
	2016		2015
	(In millions)
Exploration and Production	$	28,769	$	28,863
Bakken Midstream		2,835		2,754
Corporate, Interest and Other		2,630		2,540
Total	$	34,234	$	34,157