Weighted Average Common Shares (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Net Income (Loss) and Weighted Average Number of Common Shares Used in the Computation of Basic and Diluted Earnings Per Share

The Net income (loss) and weighted average number of common shares used in the basic and diluted earnings per share computations were as follows:  

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
	(In millions,  except per share amounts)
Net Income (Loss) Attributable to Hess Corporation Common Stockholders:
Income (loss) from continuing operations, net of income taxes	$	(373	)	$	(553	)	$	(861	)	$	(929	)
Less: Net income (loss) attributable to noncontrolling interests		19			—			40			—
Net income (loss) from continuing operations attributable to Hess Corporation		(392	)		(553	)		(901	)		(929	)
Less: Preferred stock dividends		12			—			18			—
Net income (loss) from continuing operations attributable to Hess Corporation Common Stockholders		(404	)		(553	)		(919	)		(929	)
Income from discontinued operations, net of income taxes		—			(14	)		—			(27	)
Net income (loss) attributable to Hess Corporation Common Stockholders	$	(404	)	$	(567	)	$	(919	)	$	(956	)
Weighted Average Number of Common Shares Outstanding:
Basic		313.2			284.3			306.5			283.9
Effect of dilutive securities
Restricted common stock		—			—			—			—
Stock options		—			—			—			—
Performance share units		—			—			—			—
Mandatory Convertible Preferred stock		—			—			—			—
Diluted		313.2			284.3			306.5			283.9
Net Income (Loss) Attributable to Hess Corporation Per Common Share:
Basic:
Continuing operations	$	(1.29	)	$	(1.94	)	$	(3.00	)	$	(3.27	)
Discontinued operations		—			(0.05	)		—			(0.10	)
Net income (loss) per common share	$	(1.29	)	$	(1.99	)	$	(3.00	)	$	(3.37	)
Diluted:
Continuing operations	$	(1.29	)	$	(1.94	)	$	(3.00	)	$	(3.27	)
Discontinued operations		—			(0.05	)		—			(0.10	)
Net income (loss) per common share	$	(1.29	)	$	(1.99	)	$	(3.00	)	$	(3.37	)

Summary of Antidilutive Shares Excluded from Computation of Diluted Shares

The following table summarizes the number of antidilutive shares excluded from the computation of diluted shares:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Restricted common stock		3,522,376		3,027,138		3,279,493		2,952,012
Stock options		6,994,061		7,012,818		6,857,262		6,901,674
Performance share units		1,031,420		912,383		958,679		1,025,826
Common shares upon conversion of Preferred stock		12,547,650		—		9,880,971		—